Finance news – Page 685
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News1,800 jobs at risk as Coca-Cola cuts continue
Coca-Cola is set to swing the axe this year as it continues to try and cut its way to growth with up to 1,800 of its workers…
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NewsMoody’s downgrades Tesco credit rating to junk status
Tesco has lost its investment grade credit rating with Moody’s Investors Service after the ratings agency downgraded the supermarket by one notch last night.
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NewsFood growth not enough to save Christmas for M&S
Marks & Spencer shares fell by 3.5% in early trading today despite a 2.8% rise in third quarter food sales after it revealed a slump in general merchandise revenues.
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NewsMeadow Foods responds to growth by increasing processing capacity
Dairy producer will be able to deal with surplus milk volumes
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NewsMajestic Wine squeezes margins to achieve Christmas sales growth
Majestic Wine has boosted like-for-like UK sales growth by more than 1% over Christmas by squeezing its margins in a bid to offer competitive prices to its customers.
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NewsSainsbury's sales fall amid "challenging" conditions
Sainsbury’s posts 1.7% decline in like-for-like sales in third quarter, chief executive cites “uncertainty”
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NewsFormer Morrisons commercial chief Richard Hodgson joins Premier Foods board
Former Morrisons and Waitrose commercial director Richard Hodgson has joined Premier Foods as a non-executive director.
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NewsCompetition watchdog confirms Pork Farms merger probe
CMA to probe Pork Farms’ Kerry Foods deal An in-depth investigation into Pork Farms’ acquisition of the chilled savoury and pastry business of Kerry Foods is now underway after the food producer failed to ease the concerns of the Competition and Markets Authority (CMA), the watchdog has ...
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NewsSoft drink launches helps PureCircle sales to fizz
Sugar substitute producer PureCircle is expecting increased profitability for the first half as sales grew 24% on the back of contracts with Coca-Cola and Pepsi.
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NewsFRC launches fresh probe into Tesco accounts
Accounting watchdog the Financial Reporting Council (FRC) has launched an investigation…
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NewsDigital war will overtake the price war in 2015
The digital war will “overtake the price war” in 2015, as the big four supermarkets try to avoid looking “dangerously homogenous”, retail analysts Planet Retail have predicted.
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NewsPork Farms' Kerry Foods deal faces monopoly scrutiny
Pork Farms’ acquisition of the chilled savoury and pastry (CSP) business of Irish Food giant Kerry Foods…
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NewsAldi sales growth slows down to 'only' 22%
The rampant growth of the discounters has been one of the defining stories of 2014…
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NewsFamily spending power up £11, says Asda
Family spending power is up this Christmas, following the biggest annual increase to discretionary income in almost five years, according to the Asda Income Tracker.
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NewsCrawshaw names Lidl UK's Noel Collett as CEO
Northern butchery chain Crawshaw Group has appointed former Lidl executive Noel Collett as its new CEO.
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NewsNinth Tesco employee suspended
A ninth person has been suspended as the Serious Fraud Office (SFO) investigation continues into the £263m black hole in Tesco’s accounts…
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NewsRussian troubles hit Metro's full-year figures
Christmas trading is picking up for retailing giant Metro Group after a slow start for its food and textile business in Germany, with Metro Cash and Carry and Media-Saturn showing record year-on-year growth in December.
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NewsEach of the big four supermarkets sees market share declines
The UK grocery market has returned to marginal growth as sales picked up driven by pre-Christmas price discounts, according to the latest grocery share figures from Kantar Worldpanel.