Finance news – Page 668
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NewsTesco store staff 'could not cope' with boom in online orders
Announcing a £6.4bn loss, the largest in retail history, Lewis said he was encouraged by a reversal in the fortunes of its Extra stores
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NewsCity Snapshot: Reckitt Benckiser beats Q1 expectations
Reckitt Benckiser has a good start by beating expectations in its first quarter. Elsewhere stevia producer PureCircle takes full control of Chinese subsidiary and Waitrose weekely sales figures. Plus all the latest share price movements.
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NewsMedia Bites 24 April: Tesco, Sainsbury’s, Brew Dog
Tesco’s annual results is still generating column inches, Sainsbury’s job cuts also make headlines, and Brew Dog snubs the City with £25m crowdfunding campaign.
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NewsDave Lewis hails Tesco Extra turnaround
Lewis claims the stores are now “worth the trip again” and “not the dinosaurs that people made them out to be”
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NewsSainsbury's shake-up places 800 jobs in jeopardy
The retailer said it was reviewing department and deputy manager positions so it could invest more resources in other shop floor roles
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NewsBooths to axe 100 jobs as it closes two stores
The Northern supermarket chain says it plans to close stores in Ansdell and Marton later this year
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NewsCity Snapshot: New stores boost sales at Crawshaw Group
AIM-listed butchery chain Crawshaw Group has reported a 17% uplift in full-year group sales.
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NewsMedia Bites 23 April: Tesco, living standards, Brewdog
Media Bites 23 April: Tesco, living standards, Brewdog
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NewsLincolnshire Co-op says profits up £1m, pays out £2.2m dividend
The society said sales in the six months to March were boosted by its Love Local range of products from local suppliers, which increased sales by 22%
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NewsPork Farms acquisition gets thumbs up from competition watchdog
Pork Farms is a step closer to completing its acquisition of Kerry Foods chilled savoury pastry business after the monopoly regulator provisionally cleared the deal.
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NewsHeineken impresses in Americas and Asia Pacific with strong growth
The group’s total sales were up 8.1% to €4.83bn before currency exchange rates. In the Americas, that growth rate was 18%, while in Asia Pacific, it was 21%.
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NewsTesco posts worst results in its history with £6.38bn loss
However Tesco said its trading profits were in line with expectations at £1.4bn, while UK like-for-like sales volumes rose for first time in over four years
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NewsConnect Group reports profits rise
Connect Group said total sales rose 1.2% to £909.9m in the six months to 28 February, while underlying profits rose 3.3% to £27.7m
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NewsCity Snapshot: Tesco shares rise slightly despite biggest-ever loss
With all the bad news coming out at once, the City’s reaction seems to suggest that Tesco’s future is brighter, a notion backed up by the first like-for-like sales volumes rise in over four years
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NewsMedia Bites 22 April: Tesco, Pret a Manger, Wal-Mart
The morning is dominated by Tesco’s record loss, coming off the back of £7bn in writedowns
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NewsAssociated British Foods stock falters as sugar woes hit
Shares in Associated British Foods have slipped back 4.7% to 2,735p
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NewsCity Snapshot: Profits tumble at Associated British Foods thanks to sugar business
ABF CEO puts brave face on half-year results
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NewsElla's Kitchen into the red but sales and profits rise
The one-off cost stemmed from the write-off of a loan between the UK company and US cousin Ella’s Kitchen Inc, which was formed following the sale to Hain Celestial in May 2013
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NewsTesco analysts bullish about prospects despite profit forecasts
Analysts expect good news as well as bad in Wednesday’s results
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NewsSupermarket price war devastates UK food suppliers – Begbies Traynor
Food and drink manufacturers across the UK are suffering the most as the big supermarkets slash prices to compete with each and fight back against the rise of the discounters.