Finance news – Page 555
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NewsCity News: Majestic shares rise as dividend returns
Majestic Wine insisted this week its turnaround plans remain firmly on track despite plunging to a first-half £4.4m loss
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NewsCity snapshot: Pork sale puts focus back on Dunbia's red meat business
The sale of the Dunbia pork division to Cranswick has reignited speculation that a deal for the remaining red meat business is moving closer. Plus, One Stop’s franchise business made a trading loss of £2m and all the latest news from the City.
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NewsMedia Bites 18 Nov: Tesco, Asda, Majestic Wine, Retail Sales
Tesco has warned suppliers that price rises must be “legitimate” in the wake of a high-profile dispute over increases with the maker of Marmite and PG Tips.
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NewsOne Stop franchise arm makes £2m trading loss in year two
The franchise business continues to be impacted by set-up costs, though the loss had shrunk from the previous year’s £3m
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NewsMajestic Wine recovery on track despite plunging into the red
Majestic Wine insisted its turnaround strategy is working despite swinging to a loss in the first half, with the wine retailer at the “tipping point” of transforming growing sales into profits.
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NewsCity Snapshot: Majestic Wine insists sales growth will boost profits after first half loss
Majestic Wine has posted a £4.4m first-half loss after weak commercial performance and the failure of a US marketing campaign despite sales growth of 13%.
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NewsMedia Bites 17 Nov: Amazon, Morrisons, Ocado, Co-op
The papers concentrate their coverage of the Amazon and Morrisons one-hour delivery tie-up on the crash in Ocado’s share price the news caused.
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NewsMorrisons widens Amazon partnership with Prime Now store-pick service
Amazon Prime customers can now order a full Morrisons shop via the Prime Now app
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NewsCranswick makes move into Northern Ireland with Dunbia deal
Cranswick has snapped up the pork business of Northern Irish meat giant Dunbia for an undisclosed cash sum
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NewsMedia Bites 16 November: Tesco, Premier Foods, B&M, BAT
The latest Kantar Worldpanel data, Premier Foods and B&M results, and the latest on the British American Tobacco offer for Reynolds all get a showing today.
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NewsExports drive increased sales and profits at Moy Park
Third quarter sales edged up at Northern Irish chicken producer Moy Park as a jump in exports negated a fall in domestic sales volumes.
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NewsPremier Foods looks to home advantage to battle price rises
CEO Gavin Darby said the Mr Kipling and Bisto maker was a different proposition to its multinational rivals thanks to 95% of its range being manufactured in the UK.
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NewsB&M Bargains profits from rapid store expansion but prices to rise
B&M Bargains warns prices in store are likely to rise in 2017 because of the slump in the value of sterling as sourcing from China gets more expensive.
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NewsDiscounter growth falls to lowest level for five years
Growth at Aldi and Lidl has slowed to the lowest level since the end of 2011 as Tesco and Morrisons have started to make steady recoveries, according to Nielsen retail performance data.
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NewsCity snapshot: Premier Foods sales and profits fall
Premier Foods recovery came to a halt in the first half as sales stalled and profits fell as unseasonably warm weather turned customers away from its gravy, stocks and puddings
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NewsLidl and Aldi increase price of four pints of milk to 99p
The price increases by the discounters mean all the UK’s major supermarkets charge at least 99p for the four-pint SKU
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NewsWine and premium alcohol least hit by Scottish minimum pricing
Spirits will be the most impacted as 69% of volume currently sold is below the 50p per unit threshold
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NewsGreencore swoops for $750m Peacock to "transform" US business
Greencore has announced the US$747.5m (£594.3m) acquisition of US convenience food supplier Peacock to “transform” its business in North America.
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NewsMedia Bites 14 Nov: Tesco, M&S, Birds Eye
Prosecutors will decide within weeks whether to pursue a plea arrangement with Tesco and bring further charges against former bosses over the profits scandal which plunged Britain’s biggest retailer into crisis in 2014.
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NewsBulldog plans global expansion in wake of Edgewell acquisition
The British male grooming brand is already in 14 countries including Germany, Portugal and South Korea