Finance news – Page 619
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News
Typhoo stirs up sales rise with NPD
Typhoo Tea has increased sales and underlying profits thanks to a steady growth of the flagship brand, NPD and continued focus on lowering costs.
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NewsMetro sales fall despite strong Christmas in home market
Sales at Metro have slipped 1.5% to €17.1bn in the first quarter as the crash in the value of the Russian rouble and the sell-off of assets in Denmark and Vietnam hurt the top line.
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NewsGreggs shares slump as high street conditions toughen
Shares in Greggs crash 11% as like-for-like sales growth slows and footfall on the high street weakens.
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NewsShoppers turn to online this Christmas as the high street struggles
UK retail sales rose just 0.1% in the run up to Christmas as the appeal of shopping online grew, with supermarkets dragging themselves into the black.
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NewsMedia Bites 12 January: BRC/KPMG, Visa Europe, convenience stores
High street retailers had a challenging Christmas, squeezed by rapid growth in online sales and falling prices in shops, according to the British Retail Consortium
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NewsCity snapshot: Morrisons posts 0.2% like for like Christmas sales rise
Morrisons saw like for like sales rise by 0.2% (ex fuel) in the nine weeks to 3 January, topping analyst expectations for its festive trading.
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NewsKettle Chips owner takes bite of Metcalfe’s Skinny
The US owner of Kettle Chips has snapped up a minority stake in popcorn brand Metcalfe’s Skinny.
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NewsElmgrove Foods eyes further growth following profit surge
The company reported turnover of £32.4m in the year to 31 March 2015…
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NewsMedia Bites 11 Jan: Asahi, Sainbury's, Netto, Christmas trading
Asahi is reportedly planning a £2.4bn bid for Grolsch and Peroni and the shock takover approach by Sainsbury’s for Home Retail continues to gain column inches.
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NewsAsda to invest another £500m in price war
Asda has committed another £500m to fight the price war as CEO Andy Clarke predicts 2016 will be another year of “intense pressure” for supermarkets.
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NewsPayPoint sells online business to Capita for £14m
The business, which comprises of PayPoint.net and Metacharge, serves around 200 high-profile enterprise brands and 3,500 SMEs
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NewsBorder Biscuits to expand production with funding win
Border Biscuits has secured a seven-figure bank funding package as it aims to take a bigger bite out of the baked goods market in the UK.
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NewsWest Cornwall Pasty Co completes stage one of turnaround
Danny Mills-backed The West Cornwall Pasty Co has started on its turnaround with losses narrowing thanks to a repositioning of the brand.
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NewsBob Martin expands European footprint with Nestlé deal
Family-run pet healthcare brand Bob Martin has completed the acquisition of a pet care business from Nestlé to open up three new European markets.
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NewsSainsbury's bid for Home Retail Group baffles analysts
Sainsbury’s shock move for Argos and Homebase owner Home Retail Group left analysts scratching their heads
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NewsSteve 'Trader Rowe' hailed as ideal CEO for Marks & Spencer
Marc Bolland’s heir apparent at M&S is hailed as ‘incredibly effective trader’
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NewsCook notches up record sales & profits in 'decent' year
Frozen ready meal specialist Cook Trading has generated record sales and profits
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NewsGlendale Foods taken over by its management team
Food manufacturer Glendale Foods has been taken over by its management team in a partial shareholder buyout
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NewsMedia Bites 8 Jan: M&S, Sainsbury's, Majestic Wine, Poundland
Unsurprisingly, the papers are dominated by news of the departure of M&S CEO Marc Bolland, examining his legacy, the challenges facing new boss Steve Rowe and mulling over the dire Christmas figures.
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NewsCity snapshot: Nichols sales slide in UK as war on sugar intensifies
Sales in the UK at Vimto maker Nichols has slipped as the soft drinks market continues to prove challenging