Finance news – Page 581
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NewsSteinhoff's Poundland deal could mean "more rapid" move to multi-price
Poundland’s near-£600m sale to South Africa’s Steinhoff Group could hasten its shift to becoming a multi-price format retailer, industry analysts predict.
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NewsOcado links with Marie Claire for beauty product deliveries
The online retailer will deliver high-end brands such as Bobbi Brown with food shops
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NewsRaisio sells Halo Foods for a loss to 'hands-on' investor
Raisio Group has sold its UK snack bar business Halo Foods to Dutch investor Nimbus, taking a €19m (£15.9m) hit on the disposal.
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NewsMedia Bites 13 July: M&S, SABMiller, Hotel Chocolat
Marks & Spencer is offering small investors a direct line to the boardroom with the creation of a shareholder panel to scrutinise performance.
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NewsPoundland agrees £597m sale to Steinhoff
The board of Poundland has agreed to a 222p per share sale to South African retail group
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NewsBanham Poultry slips to loss as chicken fillets hit by grocery price war
Fast 50 new entry Banham Poultry tumbled to a pre-tax loss last year after pressure to reduce prices amid rising wage costs hit profits.
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NewsSpar retailer Eat 17 snaps up My Local site
The new store in Whitstable will open on Wednesday 20 July – just three weeks after My Local went into administration
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NewsIceland opens its first dark store
Retailer claims “very strong growth” for its online shopping service
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NewsFull-year sales up 12% at Hotel Chocolat
Hotel Chocolat has announced a “slightly ahead” of market expectations 12% rise in sales for the 52 weeks to 26 June
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NewsMedia Bites 12 July: Aldi/Lidl, Brexit, Sugar tax, Retail sales
Aldi and Lidl face threat from weak pound, writes The Financial Times.
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NewsWessanen snaps up Mrs Crimble’s gluten-free brand
The organic food company behind the Clipper Tea, Kallo and Whole Earth brands has snapped up gluten-free cake maker Mrs Crimble’s.
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NewsRetail leaders urge government to prioritise business rates cut
Retail associations say threat to the economy posed by business rates has reached a “tipping point”
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NewsYoung's Seafood boss Pete Ward steps down
Ward will be replaced temporarily by Bill Showalter, CEO of parent company Young’s Seafood International Holdings
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NewsMedia Bites 11 July: Poundland, Asda, SAB Miller, Diageo, Fever-Tree, sugar tax, Brexit
Steinhoff is applying the finishing touches to a £600m-plus takeover bid for Poundland ahead of this Wednesday’s bid deadline; new Asda boss could “easily lose” new price war; and food and drink industry calls for sugar tax to be mothballed in wake of Brexit
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NewsCity snapshot: McBride upgrades profits forecast
Profits will be better than expected at McBride but sales are 2% lower
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NewsThe OC&C Global 50 rely on M&A activity to drive sales growth
The globe’s fmcg players are increasingly finding organic growth hard to come by
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NewsHiggidy goes into the red despite soaring sales of premium pies
Higgidy has recorded another year of double-digit sales growth
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NewsMars invests £23m into King’s Lynn manufacturing site
The investment is expected to create 28 jobs on the Uncle Ben’s Ready to Heat line
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NewsTate & Lyle blames EU for soaring losses
Annual losses have ballooned at Tate & Lyle, with the company blaming an EU sugar regime that favours its competitors
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NewsUK consumer confidence collapses after Brexit
UK consumer confidence has taken its biggest knock for 21 years after the UK’s vote to leave the EU