Finance news – Page 676
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NewsMedia Bites 9 March: Morrisons, Tesco, M&S
Morrisons former CEO Dalton Philips to receive £3m payout, Tesco manager in charge of in store dining leaves, and M&S replace dividend with discounted gift card.
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NewsFindus hit by strong pound but buoyed by Southern Europe
Findus Group saw a fall in revenues in its first quarter, as a result of negative currency impacts from the strong pound
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NewsBrakes top line growth delivers profits boost
Brakes has reported strong full-year sales, with growth in EBITDA and a continued fall in debt/EBITDA ratio…
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NewsCauli Rice smashes funding target as it readies for launch
Rice replacment product Cauli Rice has attracted £420k through its second round of crowdfunding as it gets set to launch in Sainsbury’s, Waitrose and Holland & Barrett.
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NewsMedia bites: FTSE 100, Lidl, Seabrooks, Carrefour
The FTSE 100 setting another record high yesterday is well covered by the papers today, but HSBC has warned that the good times may not last
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NewsCity snapshot: Waitrose continues to find 2015 hard going
Waitrose is continuing to find trading tough in 2015, with headline sales rising by just 0.3% in the week to 28 February. Plus, the FTSE 100 hits a record high, investors back Nicholls and all the latest news from the City.
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NewsProfits and revenues up at Carrefour as European trading stabilises
French retail giant 2014 Carrefour has posted a 3.9% rise in full-year sales as conditions improve in its home market and trading has ”stabalised” across Europe.
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NewsYeo Valley profits squeezed as organic brand pushes up sales
Profits have slipped at dairy group Yeo Valley despite a £14m rise in sales to £275m as its margins were squeezed by the steady increase in the cost of its ingredients
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NewsCity Snapshot: Profits and sales leap at Vimto maker Nichols
Nichols has grown its Vimto brand in the UK in 2014 on the back of a new advertising campaign fronted by a purple toad leading to jumps in sales and profits. Carrefour also posts full year results.
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NewsMedia Bites 5 March: Greggs, McDonalds, Coca-Cola
Greggs continued turnaround, a new marketing push in the UK for Coca-Cola and an updated chicken policy for McDonald’s all feature in today’s newspapers.
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NewsGreggs shares soar on record profits and seven-year like-for-like sales high
Shares in Greggs (GRG) have soared once again today as the high street bakery chain posted record profits and the strongest like-for-like sales seen since 2007.
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NewsPoundland found guilty of misleading consumers
Dispute centres around claim of “Everything for £1”, upheld after 3 complaints some items cost over £1
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NewsAnnual food prices fall for second consecutive month
Fresh food category reaches record low, first time ever index has reported two consecutive months of annual price deflation
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NewsCity snapshot: Greggs celebrates 'exceptional' progress with record profits
High street bakery chain Greggs has puffed up like-for-like sales to the strongest levels since 2007 on the back of favourable market conditions
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NewsMedia Bites 4 March: Morrisons, organic farming, Target
In a quiet morning for retail, a former Morrisons executive jailed for insider trading dominates the papers
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NewsUnilever extends personal care range with REN Skincare deal
Unilever has agreed to acquire a British skincare brand as it seeks to expand its range of personal care products.
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NewsSalisbury Poultry to invest £10m at former First Milk site in Wales
A £10m investment in a poultry processing plant in Wales has been given the green light, paving the way for the creation of 150 jobs in Wrexham.
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NewsRefresco Gerber opts for Dutch listing over private equity buyout
Dutch drinks bottle Refresco Gerber has announced its intention to float on the Amsterdam stock exchange, potentially dashing the hopes of a number of private equity suitors.
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NewsMcColl’s shares plunge as consumer environment remains challenging
Shares in McColl’s Retail Group plunged almost 11% on opening this morning after the c-store chain warned that the market remained “challenging and competitive”
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NewsCity snapshot: McColl's puts in 'best-ever' year but challenges remain
Top story C-store chain McColl’s Retail Group (MCLS) has announced its “best-ever” set of results in its maiden full-year as a listed company. Revenues exceeded £900m for the first time, growing 6.1% from £869.4m in 2013 to £922.4m in the 53 weeks to 30 November – when ...