Finance news – Page 670
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NewsMedia bites 15 April: Poundland, CPI inflation, Phones4u
Most of the papers remark upon Poundland breaking through the £1bn sales barrier yesterday.
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NewsCity snapshot: Currency movements help Danone to 8.1% Q1 growth
Danone makes a strong start to its financial year, Nestle confirms talks with Brakes Group over frozen division sales and all the rest of the latest news from the City.
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NewsThree senior directors axed at Nisa as new boss Nick Read rings the changes
Nisa chief executive Nick Read has become the latest new retail boss to make sweeping changes to his senior management team in a bid to arrest poor trading.
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NewsConservative Party promise to work with food industry in new manifesto
The party’s manifesto launched by David Cameron in Swindon today, unveiled plans for a Great British Food Unit to promote food exports
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NewsPoundland sales break through £1bn despite fourth quarter slowdown
Sales at Poundland soard through the £1bn barrier last year after the fixed price discounter achieved an 11.8% revenue boost on a constant currency basis.
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NewsMedia bites 14 April: Tesco, Morrisons, retail sales
Tesco could post a bigger than expected writedown on its UK supermarkets when it announces its annual results next week, Casper Meijer “forced out” of Morrisons for refusing to relocate to the UK.
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NewsCity snapshot: Poundland sales up 11.8% as revenues pass £1bn
Poundland achieved an 11.8% revenues boost in the 12 months to 28 March with sales, excluding its Spanish trial, reaching £1.1bn. UK retail sales increased by 3.2% on a like-for-like basis during March, Majestic Wine shares soar plus the all the latest from the City.
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NewsBakeaway sale saves the jobs of 60 staff
A Midlands-based baking products manufacturer which supplied the supermarkets and the food service industry has been sold out of administration, saving the jobs of all 60 staff.
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NewsAnother Morrisons senior director departs as Casper Meijer moves out
The retailer said Dutchman Meijer had decided not to commit to living a fuller part of his life in Britain, as his family remain living in the Netherlands
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NewsLabour manifesto pledges include sharp rise in NMW, targets on sugar and alcohol content
Labour also confirmed plans to extend the role of the Groceries Code Adjudicator, and a levy on tobacco companies
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NewsTakestock food waste firm picks up joint venture backing
Takestock.com is a marketplace for surplus food and drink, including beverages, fresh fruit and frozen food, but also sells food packaging and other equipment
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NewsCity Snapshot: Carr's posts record first-half performance
Listed agriculture and milling group Carr’s has increased pre-tax profits despite its revenues dipping in a record first-half performance. Plus Halfords loses another leading executive.
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NewsMedia Bites 13 April: Deflation, Co-op, Asda
Britain could be heading for deflation for first time in half a century; Co-op top brass set for bumper bonus; and Asda begin the search for a new chief eoperating officer.
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NewsThomas J Fudge's mulls sale as brand overhaul continues
Thomas J Fudge’s Remarkable Bakery is working with corporate adviser Grant Thornton on a potential sale of the business.
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NewsCarrefour sees 3.2% first quarter sales growth
French hypermarket chain Carrefour has seen revenues grow by 3.2% on an organic basis (ex petrol) in the first three months of 2015.
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NewsMajestic Wine adds online potential with £70m Naked Wines takeover
Majestic Wine has swooped for rival Naked Wines in a £70m deal which will rapidly accelerated the listed retailer’s online plans and gives the listed group a new CEO.
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NewsCity Snapshot: Majestic Wines appoints CEO as it acquires Naked Wines
Majestic Wines appoints new CEO as it pays £70m to takeover Naked Wines. Plus Carrefour reveals strong quarter one figures and Waitrose has “best-ever” Easter for non-food.
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NewsMedia Bites 10 March: Poundland, Co-op, Boots
Three retailers dominate the business pages this morning as Poundland is frustrated by the monopoly watchdog, Co-op’s rescue plan gains traction and Walgreens Boots Alliance reports first half results.
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NewsCranswick finishes year with ‘strong’ quarter
Listed meat supplier Cranswick has finished the year with a “strong” quarter as underlying sales rose by 1%.
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NewsCamden Town Brewery sells 20% stake to private family for £10m
Camden Town Brewery has agreed to sell 20% of the business to a Belgian manufacturing family for £10m.