Finance news – Page 515
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News2 Sisters to close Smethwick plant with loss of 250 jobs
Processor launched a 45-day consultation into closing ‘ageing’ site in April
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NewsTapped seeks £200k from crowd to expand birch water range
Birch water brand Tapped is raising £200,000 in a crowdfunding campaign to invest in marketing and grow its product range.
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NewsTesco profit overstatement accountants' probe is closed
The investigation started in 2014 after Tesco admitted it has overstated its profits by £326m
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NewsOnline grocery market share in the UK increases to 7.3%
UK online grocery baskets are the biggest in the world with an average value of £64.61
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NewsIceland range and store improvements deliver 4.4% sales growth
Like-for-like sales were up 2% in the year to 24 March
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NewsCity snapshot: Ocado finally signs first international deal
Ocado has signed its first long-awaited international partnership to provide its technology to an unnamed European retailer. Plus Iceland’s annual sales rise 4.4% and EBITDA jumps 6.3%, FRC drops probe into PwC over Tesco profits overstatement and all the rest of the latest news from the City
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NewsMedia Bites 5 June: Amazon, Ocado, Tesco, Brexit sugar battle
Amazon is to deliver food to another 42 postcodes in the south east of England as its aggressive assault on the online grocery market continues.
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NewsSainsbury’s boss Mike Coupe’s pay falls as annual bonus targets are not met
The pay packets of Sainsbury’s senior execs were cut last year after the supermarket paid out no annual bonuses as performance-related targets were not hit.
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NewsBig four supermarkets in growth, but City remains unconvinced
On the surface, the monthly market share numbers from Kantar Worldpanel contained plenty of cause for encouragement
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News99p Stores collapse leaves creditors £8.9m out of pocket
99p Stores was put into administration, in a process affecting 60 previously closed stores, in March
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NewsLucozade Zero and Highland Spring help boost sales at LRS
In the year to 31 December 2016, the UK subsidiary of Japanese drinks giant Suntory managed to grow sales from £424.9m to
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NewsCharlie Bigham's sales near £50m as efficiencies aid growth
The food manufacturer said investment in efficiencies in recent years had helped bottom-line growth
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NewsMedia Bites 2 June: M&S, Brexit, Walmart
Marks & Spencer’s new sustainability plan come under focus this morning on another quiet day for retail news in the papers.
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NewsCity snapshot: Coldpress secures £2.3m in minority sale to food & drink fund
Soft drinks brand Coldpress has sold a significant minority stake in return for a more than £2m investment to expand further into on-the-go and on-trade channels.
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NewsColdpress scores £2.3m in growth investment
The drinks maker plans to use the money to rapidly build its distribution capability beyond grocery
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NewsOrganic milk bucks category decline to deliver sales rise
Organic milk is now purchased by one in four UK households
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NewsRSPCA Assured sees volume sales rise despite fewer SKUs
The number of assured products on sale in the major supermarkets fell by more than a thousand
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NewsFormer Pizza Express CEO Richard Hodgson seeks grocery return
Richard Hodgson wants to return to the grocery sector after quitting as CEO of Pizza Express
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NewsMedia Bites 1 June: Kantar/Nielsen, Reynolds, Deliveroo
The latest grocery market share data and the rapidly increasing inflation in supermarkets are in focus this morning.
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NewsCity snapshot: Nisa closes in on £120m refinancing to aid expansion
Nisa Retail is in talks about a £120m refinancing deal as the sector continues to reel from the shockwaves of the proposed Tesco £3.7bn takeover of Booker, according to reports