Finance news – Page 553
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NewsCrawshaw confident turnaround strategy is working
The value meat retailer reported “good progress” in restoring sales momentum since the trading update in September.
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NewsCranswick calls for clarity from government on EU workers
It comes as the group posted strong half-year results, with revenues up 16% to £581m on the back of double-digit volume growth.
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NewsChristmas pudding prices set to be pushed up as costs rise
The combined cost of the main ingredients for a traditional Christmas pudding have increased 21% year on year
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NewsPhilip Clarke to avoid charges over Tesco accounting scandal
Three other former Tesco directors face trial next September in connection with the overstatement of its profits in 2014
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NewsMedia Bites 29 November: Tesco, Amazon, Cadbury
Former Tesco boss Philip Clarke will not face charges from the Serious Fraud Office over the accounting scandal that blew a £326m hole in the UK retailer’s books, according to his lawyer.
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NewsCity snapshot: Record sales for Cranswick as volumes accelerate
Revenues soared 16% to record levels at pork supplier Cranswick in the first half thanks to strong volume growth across most of its product categories
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NewsFerrero close to Delacre deal with Pladis
The Italian chocolate manufacturer confirmed in a statement that it had made an offer to buy Delacre and DeliChoc, which is also available in the UK.
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NewsFrench startup to develop container fruit & veg farms
Agricool is aiming to produce strawberries in 75 containers across France next year
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NewsNisa Retail adds two independent non-exec directors
The group said the appointments of Neil Ashworth and Arnu Misra had followed a comprehensive search process
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NewsSpar to expand into Thailand with Bangchak Retail
Convenience and forecourt operator BRC will open 300 new Spar International stores by the end of 2020
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NewsSnack start-up Emily Crisps secures investment funds
A ‘significant’ minority stake has been sold to investment vehicle Inverleith LLP & Hothouse Brands Ltd
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NewsPoundland considers closing 80 stores
Poundland is weighing up the closure of up to 80 shops following the integration of the 99p Stores estate.
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NewsMedia Bites 28 November: Tesco Bank, Poundland, Black Friday, Brexit, British American Tobacco
Tesco Bank is facing criticism for ‘failing to act’ to a warning about a security flaw; Black Friday comes under the media glare this weekend with the high streets quiet as shoppers buy online; and Poundland could close up to 80 stores in a sell off.
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NewsMorrisons resurrects Safeway brand as it deepens wholesale links
Morrisons believes it has sniffed out an opportunity to leverage its foodmaker credentials in the independent sector
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NewsCity News: Finsbury Food shares hit by Brexit woes
Investor enthusiasm for Finsbury Food Group cooled significantly this week.
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NewsMedia Bites 25 November: Iceland, Lidl, Aldi, Tesco
Iceland vs Iceland hits the headlines this morning as the country takes legal action against the frozen supermarket.
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NewsCity snapshot: Primal Pantry secures cash injection from food industry heavyweights
Paleo snack bar brand The Primal Pantry has won the backing of three food industry heavyweights as it looks to continue high levels of growth experienced since launching in 2014. Plus, Quorn’s latest export push, and a fall in sales at tea brand Typhoo.
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NewsTyphoo tea sales fall as Brexit brews up further trouble for tea brand
Typhoo is the latest casualty in the tea category as falling retail prices, heavy supermarket promotions and flagging demand in the everyday black tea market led to a more than 9% fall in annual sales.
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NewsQuorn gears up for fastest-ever overseas expansion
Quorn is stepping up its ambitious worldwide growth plans with the start of operations in Asia. It has also shaken up the management team with a new CFO and sales director.
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NewsPrimal Pantry bags investment from trio of industry heavyweights
Mark Palmer, Jeff van der Eems and former Cadbury chief strategy director Mark Reckitt have all taken minority stakes in the business.