Finance news – Page 533
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NewsCity snapshot: Inflation returns to UK grocery
Supermarket shelf prices are on the rise for the first time in more than two-and-a-half years, according to the latest Grocer Price Index
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NewsMedia Bites 10 March: Morrisons, John Lewis, Tesco
A busy day of retail news sees heavy coverage of Morrisons’ trading rebound, John Lewis Group’s bonus cut and Tesco’s pay error.
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NewsTyrrells boosts annual sales at Amplify
US food group Amplify Snack Brands saw fourth quarter sales almost double following its acquisition of UK crisp brand Tyrrells.
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NewsWaitrose posts 0.2% fall in like-for-like sales
Retailer warns of “significant one-off costs” and trading pressures ahead
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NewsCity snapshot: Morrisons turnaround well under way as profits surge
Morrisons has delivered its first year of like-for-like growth and underlying pre-tax profit since 2011/12
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NewsMedia Bites 9 March: Budget, Brexit, shrinkflation, Stock Spirits, Restaurant Group
The Budget is, predictably, the main focus for the papers today as Chancellor Philip Hammond set out his post-Brexit path for the British economy.
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NewsJames Convenience Retail puts 10 Supernews sites on market
JCR owner Jonathan James acquired the sites when he bought Rippleglen parent company First Stop News in March last year
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NewsChancellor’s £435m business rates relief package just ‘a drop in the ocean’
Short-term relief measures are not enough and proper reform is needed, leading retail voices have said
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NewsBudget 2017 - as it happened
Catch up on the key announcements for grocery retail and fmcg, including business rates and sugar tax
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NewsApplegreen hits 75 UK sites with Birmingham acquisition
The Irish forecourt operator’s acquisition was overseen by business property adviser Christie & Co…
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NewsMedia Bites 8 March: Kantar/Nielsen , inflation, Aldi/Lidl, Budgens, Laurie McIlwee, food waste
The latest Kantar and Nielsen data showing inflation starting to bite and the discounters grabbing record share gets plenty of attention in the papers.
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NewsCity snapshot: Stock Spirits in 'much stronger' position after turbulent year
Sales and underlying profits declined at UK-headquartered Stock Spirits Group during a turbulent year for the drinks business, but the new CEO said it was now in a ”much stronger position”. Plus, John Menzies publishes annual results.
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NewsVIP e-cig maker Must Have Limited put up for sale
Electronic vaping and e-cig company Must Have Limited, trading as VIP, has been put up for sale by administrators after failing to settle a multimillion-pound tax bill.
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NewsGrocery deflation hits annual sales at Yeo Valley
Annual sales at UK dairy firm Yeo Valley have fallen back for the first time in six years as industry deflation hit shelf prices.
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NewsUS Customs investigation drives PureCircle to first half loss
PureCircle has slumped to a first half loss amid a double-digit sales plunge after it was denied access to the US market during an investigation by US Customs & Border Protection last year.
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NewsBarking Heads owner Pet Food UK secures £5m backing from PE firm Piper
Barking Heads and Meowing Heads owner is the latest business in the fast-growing premium petcare sector to receive a private equity cash injection as Piper takes a minority stake.
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NewsMarine Harvest gets green light for Isle of Skye feed plant
Norwegian fishing giant to start work on £93m new plant later this month
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NewsLindt & Sprüngli’s global sales rise by 6.8%
Swiss chocolatier Lindt & Sprüngli has grown global sales by 6.8% to CHF3.9bn (£3.15bn) amid stronger sales in Europe and the UK.
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NewsMedia Bites 7 March: Seabrook Crisps, BRC, business rates, Tesco
The Times carries the story revealed by The Grocer yesterday that Seabrook Crisps has appointed Houlihan Lokey to help it expand abroad.
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NewsCity snapshot: £1 in every £8 spent on groceries goes to Aldi and Lidl as inflation bites
Discounters Aldi and Lidl have grabbed a record share of the grocery market, accounting for more than 12% of supermarket sales in the UK for the first time, Nielsen revealed this morning