Finance news – Page 635
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NewsAsda unveils new strategy with Project Renewal
Key elements of the new strategy include slowing down planned expansion in London and “re-phasing” plans to develop more click & collect sites
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NewsMetro Group sees 1.5% full year like-for-like growth
German retailer Metro Group recorded a 1.5% rise in like-for-like sales in the year to 30 September.
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NewsCity snapshot: First signs of recovery for UK grocery industry
Stability is finally returning to the struggling UK grocery sector with the number of failing businesses within the UK food supply chain falling for first time in 27 months, according to Begbies Traynor.
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NewsMedia Bites 19 October: GCA, Tesco, Diageo, Megabrew
A rare quiet weekend in the papers for the retail industry but there are stories on the Groceries Code Adjudicator, Tesco’s Brand Guarantee scheme and more wine sell offs at Diageo.
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NewsNestlé scales back forecasts as Maggi food scare hurts sales
Food giant Nestlé has downgraded its full-year growth target as the Maggi noodles food scare in India continued to act as a drag on sales.
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NewsKP losses up in first year with Intersnack
Losses have escalated at KP Snacks in its first full year under the ownership of Germany’s Intersnack
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NewsKellogg's UK profits slump as Brits turn away from cereals
Kellogg’s suffered a profit slump in the UK last year as it battled falling demand for cereals.
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NewsInnocent UK slumps but EU revenues soar
Operating profits have slumped by more than 20% at Innocent as the smoothie maker battles tough conditions in the UK chilled juice sector.
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NewsCity snapshot: Nestlé sales disappoint in the third quarter
Nestlé has reported disappointing third quarter figures as the withdrawal of its Maggi noodles in India and a slower-than-expected recovery in China took their toll.
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NewsMedia Bites 16 October: Diageo, pricing, WH Smith, McDonalds
A busy morning covering results from Unilever, WH Smith and Casino, along with rumours Diageo will sell its beer business and the government looking at ways for supermarkets to simplify pricing.
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NewsBooker pledges support for Budgens and Londis retailers
Booker has underlined its commitment to supporting retailers that operate under its newly acquired Budgens and Londis brands in its interim results statement, announced today.
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NewsUnilever beats third quarter sales expectations
Unilever has delivered a strong set of third-quarter figures, notching up a 5.7% increase in underlying sales growth with volume up 4.1% and prices up 1.5%.
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NewsTesco to sell 14 development sites as it curtails expansion
The retailer has agreed the sale of the Spenhill development sites across London, the South East and Bath
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NewsDiageo/Treasury deal is 'good news' for retail
Retailers are tipped to benefit from the acquisition of the bulk of Diageo’s wine business
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NewsMedia Bites 15 Oct: Walmart, M&S, Sainsbury's
Walmart shares dived 10% yesterday in the US after the world’s biggest retailer issued a profits warning.
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NewsCity snapshot: Tesco agrees £250m property sites sale
Tesco has agreed the sale of fourteen Spenhill development sites for £250m
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NewsMark Fairweather promoted to role as CEO of Whitworths
Fairweather takes over from Peter Utting
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NewsArla Foods UK hits £76.9m loss but sees rising Lurpak and Anchor sales
Arla Foods UK business slumped from a £2.6m profit in 2013 to a £76.9m loss in 2014, as it faced up to a “major structural changes”
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NewsWhittard of Chelsea suffers earnings plunge
Tea and coffee specialist Whittard of Chelsea suffered a plunge in profitability last year as it spent heavily on re-positioning the brand.
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NewsDiageo sells Blossom Hill and Piat d'Or to Treasury Wine Estates
Diageo has agreed sale of its UK and US wine businesses – including Blossom Hill and Piat d’Or – to Australia’s Treasury Wine Estates for $552m.