Finance news – Page 686
-
NewsGreggs raises profit forecast thanks to new product range
Greggs has upped profit expectations for the year as customers responded to the baker’s new coffee blend and healthier sandwich range.
-
NewsThomas Ridley eyes £70m in revenue following Elveden deal
Thomas Ridley Foodservice is eyeing revenue of £70m in the next five years…
-
NewsWarning on spread of 'unethical' supplier payment schemes
The grocery industry has been warned that aggressive and potentially unethical financial demands…
-
NewsTesco shares plummet again following 'shock' profit warning
It’s getting harder to describe a Tesco profit warning as a “shock” these days – but the fourth warning this year…
-
NewsStefano Pessina to take temporary charge of Walgreens/Alliance Boots
Alliance Boots’ executive chairman, Stefano Pessina, will become acting chief executive on completion of the merger with US pharmacy giant Walgreens, it has been announced.
-
NewsOcado's sales growth slows to 14.9% in fourth quarter
Growth at online supermarket Ocado has slowed in the fourth quarter with gross retail sales up 14.9% to £311.4m, compared with a 15.5% boost during the previous three months.
-
NewsAfrican troubles lead to first half PZ Cussons profits drop
PZ Cussons saw a 4% drop in first half profits, driven by “challenging trading conditions” in Africa and the devaluation of the Nigerian Naira.
-
NewsTesco profits warning: what the analysts say
After Tesco revealed its annual profits would be no higher than £1.4bn, we round-up who is saying what
-
NewsBlack Friday helps arrest food sales decline
Grocery sales benefitted from a small boost in November as shoppers flocked to supermarkets to grab a bargain on a record-breaking Black Friday, according to the latest BRC-KPMG Retail Sales Monitor released this morning.
-
NewsTesco in new profits warning as Dave Lewis promises not to cut corners in January
Tesco issued a profit warning today as CEO Dave Lewis “reset” the business to focus on service, availability and more competitive prices…
-
News
Waitrose 'likely' to sever ties with Ocado, say analysts
Waitrose is “more likely than not” to sever its partnership with Ocado, with its notice to end the agreement…
-
NewsPremier Foods to rethink controversial supplier investments
Darby. “Many suppliers have invested with us and have grown their business.” Premier Foods is to rethink its controversial Invest for Growth programme after it became a “political football”. The programme asked suppliers to make an investment payment to Premier to help fund the company’s growth strategy. ...
-
NewsSuppliers voice support for Premier Foods investment payments scheme
Premier Foods has responded to the furore over “investment payments” by releasing comments from suppliers backing the scheme. BBC’s Newsnight program has suggested Premier has received “millions” of pounds from suppliers under the scheme. The programme said a member of Premier staff had told a supplier those ...
-
NewsPremier Foods rejects accusations it is forcing suppliers to "pay to stay"
Premier Foods has insisted that its controversial policy to ask suppliers for “investment payments” is voluntary and non-payment will not result in de-listing.
-
NewsLosses escalate at Tesco-backed Harris + Hoole
Annual losses at Tesco-backed coffee chain Harris + Hoole have widened to £12.8m as it counts the cost of its rapid expansion plans.
-
NewsTesco shakes up senior management team as Matt Simister returns after suspension
Tesco CEO Dave Lewis has revealed a new management line up in the wake of the crisis over its £263m accounting scandal and, temporarily at least, is taking over day to day leadership of the UK operation.
-
NewsWest Berkshire Brewery planning £4m expansion
West Berkshire Brewery is aiming to raise £4m through an Enterprise Investment Scheme
-
NewsBritvic buzz goes flat - though analysts aren't too worried
The buzz from Britvic’s fizzing annual profit growth went decidedly flat this week…
-
NewsCoca-Cola and SABMiller combine African soft drinks bottling operations
Coca-Cola, UK-listed brewer SABMiller and Gutsche Family Investments, the majority owners of in Coca-Cola Sabco, will form a new joint soft drinks bottling venture across 12 African countries.
-
NewsIglo revenues frozen in a declining frozen food market
Birds Eye owner Iglo Group is battling to achieve its growth targets in the face of a declining European frozen market…