Finance news – Page 563
-
NewsPrimal Pantry in talks to secure biggest ever funding
Founder Suzie Walker has hired boutique corporate advisory firm Stamford Partners to help with the negotiations
-
NewsNetto loss hit £40m in year before JS and Dansk decided to pull plug
Annual pre-tax losses reached almost £40m at Netto in the financial year before Sainsbury’s and Dansk pulled the plug
-
NewsMedia Bites 7 October: Walmart, Mars/Wrigley, sterling, Brexit
Asda owner Walmart warned earnings next year would be flat as it pushes online harder. Plus Warren Buffett sells his minority stake in Wrigley to Mars.
-
NewsCity snapshot: Prices rising in ambient grocery
Food prices are finally heading higher in the ambient goods category after two years of deflation in the market, the latest Grocer Price Index has found.
-
NewsTesco shares rally as Dave Lewis leads bounceback
fDave Lewis’ declaration that Tesco was officially a business “out of crisis” sparked excitement in the City
-
NewsAmazon to open 14th fulfilment centre in Daventry in 2017
Opening will push Amazon’s UK workforce over the 18.000 mark
-
NewsTesco shares hit 14-month high as City backs trading progress
Tesco shares rose almost 10% yesterday to reach their highest point since August 2015 after strong half year results showed Dave Lewis’ turnaround plan is on track.
-
NewsMedia Bites 6 October: Tesco, Euro Garages, AG Barr
“Tesco crisis is over as profits and sales jump” is the headline in The Times (£) this morning.
-
NewsFood deflation reaches record low in September
Rate of deflation appears to be accelerating – rising from 1.1% in August to 1.3% in September
-
NewsDave Lewis targets bigger profits as Tesco reports growth
CEO says the business has “moved out of crisis” and sets sights on further cost reductions
-
NewsMedia Bites 5 October: Greggs, deflation, Krispy Kreme
Continued growth at Greggs captured the attention of all the papers this morning as its breakfasts and healthier range fueled further growth.
-
NewsCity snapshot: Tesco recovery on track as sales rise 3.3%
Tesco will set out further plans later this morning for the next stage of its recovery after a third straight quarter of like-for-like sales growth
-
NewsGreggs faces rising costs as pound plunges
Greggs has warned of mounting pressures on food prices as the fallout from Brexit continues to weaken the pound and labour costs rise.
-
NewsKrispy Kreme UK bought by US parent
Krispy Kreme in the US has announced 100% of its shares have been sold to US-based brand owner company Krispy Kreme Group.
-
NewsArchie Norman to help steer post-Brexit strategy at BEIS
Former Asda chief executive will work closely with business and energy secretary Greg Clark
-
NewsC&C Group accused of 'cavalier contempt' towards cidermakers
Confusion ‘swirls’ about the employment prospect’ of 80 workers, Unite claims
-
NewsNisa forced to delay payment to logistics provider DHL again
But CEO Read hails turnaround and insists momentum continues
-
NewsCity snapshot: Greggs’ third quarter sales up 5.6%
Third quarter sales at bakery food to go chain Greggs (GRG) rose 5.6%, though its rate of like for like growth slowed during the 13 weeks to 1 October. Plus, the FTSE bursts through the 7,000pts mark as the pound falls to mid-1980s levels and all the rest of today’s news from the City.
-
NewsMedia Bites 4 Oct: Sterling, UK manufacturing, Krispy Kreme
The pound fell back towards a three-decade low against the dollar yesterday, hit by surprisingly strong US economic data and in the wake of Theresa May setting out a timetable for Brexit.
-
NewsBiscuiteers appeals for crowdfunding
Hand-made biscuit company is looking to fund international expansion and online growth