Finance news – Page 613
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NewsSpeyside Distillers to finance growth with £2.3m funding package
Speyside Distillers Company is targeting expansion in the UK and overseas after securing a £2.3m bank funding package.
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NewsCo-operative Group is fastest-growing non-discounter
Latest market data from Kantar Worldpanel also shows Aldi and Lidl increased sales but combined market share dips
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NewsCity snapshot: Food sales edge up in January finds Kantar Worldpanel
The latest market share figures from Kantar and Nielsen
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NewsMedia Bites: Sunday trading, UK retail sales, John Lewis
Ministers will give councils the right to tear up the remaining restrictions on Sunday trading from this autumn, according to the FT.
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NewsAssociated British Foods targets full ownership of Illovo Sugar
Associated British Foods confirmed today it has held discussions over the minority stake in Illovo Sugar
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NewsTim Steiner: supermarkets 'running out of price war ammo'
Ocado boss Tim Steiner has accused his supermarket rivals of ‘running out of ammo’
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NewsCCO Barry Williams leaves Asda after eight years
Andy Murray, currently Walmart’s senior vice president of creative and customer experience, will take over the role on 15 February
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NewsSir Philip Hampton appointed business equality tsar
Women on Boards campaign to shift focus to the FTSE 350
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NewsCity snapshot: Casino sells Thai food retailer for €3.1bn
Casino has agreed to sell its stake in a Thai food retailer for €3.1bn in a deal which will help the French supermarket group halve its net debt.
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NewsMedia Bites 8 Feb: Argos, Sainsbury’s, Vita Coco
The merger of Sainsbury’s and Argos is still eating up column inches in the weekend papers, with reports that retail tycoon Christo Wiese and former Asda CEO Andy Bond weighed up a bid and ex-M&S boss Lord Rose predicting the deal would trigger a wave of consolidation on the high street.
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NewsKenyan tea prices eased by better harvest outlook
Kenyan tea prices have dropped below $3.50 per kg (£2.40) for the first time since last June
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NewsNisa serves notice on North East Convenience Stores chain
The buying group said in November it had launched a review
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NewsArla announces job cuts and appoints new UK head
Restructure will see UK boss Peter Giørtz-Carlsen promoted to new role and the appointment of Tomas Pietrangeli as his successor
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NewsArgos deal set to make Sainsbury's top UK non-food retailer
Sainsbury’s game-changing £1.3bn takeover of Argos would catapult the supermarket to become the largest non-food retailer
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NewsCity snapshot: Year on year price fall is largest on record
Plus Waitrose continues to struggle in January, with weekly sales down 2.4%
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NewsPaynes Dairies back in the black after cutting farmgate prices
Paynes Dairies has returned to profit after spending two years in the red as it renegotiated the price it pays farmers
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NewsCo-operative Group buys 15 Budgens stores from Booker
Co-op well on track to hit 100 new stores target this year
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NewsCurrencies and cost-cutting hit sales at Mondelez
Full year net revenues were down 13.5% to $29.6bn, including a 12.6 percentage point impact from currency
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NewsMedia Bites 4 Feb: Sainsbury's/Home Retail, EasyFoodstore, Mondelez
Old Mutual, the third largest shareholder in Home Retail Group, has issued its support for Sainsbury’s £1.3bn takeover despite previously calling for a higher price.
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NewsEasyfoodstore forced to close after running out of stock
The shop will be closed on Thursday (4 February) and will then reopen on Friday at 9am