Finance news – Page 645
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NewsCity snapshot: Real Good Food gets extra £3.4m for Napier Brown
Real Good Food (RGD) has announced it has completed the disposal of its sugar business Napier Brown and received a further £3.4m from Tereos.
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NewsMedia Bites 1 Sep: Living wage, Tesco/Dunnhumby, Morrisons
Fashion and gift retailer Oliver Bonas has become the first high street chain in Britain to promise its staff an independently calculated living wage.
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NewsRelex Solutions expands supply chain service to States
Relex Solutions has teamed up with US private investment house Summit Partners
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NewsUnion urges workers to join Tesco's downgraded pension scheme
Usdaw claims the retailer is ”justified” in scrapping its final salary scheme
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NewsCity news: Grocery stocks and 'Black Monday'
Grocery and fmcg stocks didn’t escape the carnage of ‘Black Monday’
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NewsBooming Urban East sales boost buoyant Adelie
The booming food-to-go sector has helped drive annual revenues up 14.9% at HIG Capital-owned Adelie Food Group
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NewsOff-trade beer Q2 sales fall after strong 2014
Sales of beer through grocers and off-licenses fell 6.2% to 3.7 million barrels
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NewsMedia bites 28 Aug: Tesco/SFO, Homeplus, Pernod Ricard
News that former Tesco CEO Philip Clarke is to be interviewed under caution by the Serious Fraud Office is the major grocery story in the papers today.
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NewsPoundland's Jim McCarthy undeterred by CMA wait
Poundland’s ambition to pursue more deals has not been diminished by four months of in-depth scrutiny…
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NewsCity snapshot: Consumer confidence improves in August
UK consumer confidence in on the up, according to the latest GfK UK Consumer Confidence Index, while the FTSE rebounds and Waitrose weekly sales edge up.
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NewsPernod Ricard suffers €404m Absolut write-down
Pernod Ricard undershot industry performance expectations for the 2014/15 financial year after the drinks company decided to book an impairment charge of €404m on its biggest brand, Absolut
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NewsConfectioner Hope & Greenwood rescued from administration
Old-fashioned sweetshops in London have closed but the brand lives on thanks to Monty Bojangles manufacturer
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NewsCity snapshot: Iglo/Nomad first half like-for-likes down 4.9%
Iglo Group owner Nomad saw a 2.4% revenue decline as the frozen specialist battled “difficult retail conditions”
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NewsMedia bites 27 Aug: Sainsbury's, Amazon, Morrisons
The main retail story in the papers this morning is Sainsbury’s announcement it is to pay the “living wage” to its employees
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NewsSainsbury's gives staff biggest pay increase in over a decade
137,000 of Sainsbury’s store staff will get a pay increase of 4%, taking Sainsbury’s standard rate of pay to £7.36 per hour
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NewsCarl Ravenhall leaves Müller Wiseman Dairies
The company said Ravenhall had been instrumental in steering the business through a period of “major change”
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NewsCity snapshot: Crawshaw Group adds CFO and COO
Value butchery chain Crawshaw Group has filled its vacant chief financial officer role and appointed a new chief commercial officer as it moves forward with expansion plans.
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NewsMorrisons told to provide shoppers with greater clarity on Match & More
The ASA has told Morrisons not to repeat the adverts for Match & More until it has provided consumers with clearer information
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NewsPoundland shares soar on approval of 99p Stores merger
Shares in Poundland have jumped 5.5% this morning as investors reacted positively to news that its £55m acquisition of rival 99p Stores can now go ahead.
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NewsTesco makes concessions in new pension plan but final salary scheme is axed
The move is part of a raft of changes which will commence in November