Finance news – Page 279
-
NewsCity Snapshot: Covid restrictions hit Christmas trading at M&S
Marks & Spencer has reported an 8.4% drop in third quarter sales, with food growth of 2.2% not enough to compensate for a plunge in general merchandise sales.
-
NewsMedia Bites 8 Jan: Sainsbury’s, Brexit, B&M
Sainsbury’s has hiked its full-year profit forecast after sales surged by nearly a tenth during the key Christmas period
-
NewsPrinces profits more than doubled in lead up to first lockdown, results show
It comes three years after Princes kicked off a major revitalisation plan to bring the business into the 21st century
-
NewsCity Snapshot: Sainsbury’s raises profits guidance after festive growth of 9.3%
Sainsbury’s has posted Christmas like-for-like sales growth of 9.3% after releasing its festive trading update early due to it raising its profits guidance.
-
NewsMedia Bites 7 Jan: Greggs, Asda, Northern Ireland
Bakery chain Greggs is heading for its first annual loss since the company was established 82 years ago
-
NewsOnline drives Christmas grocery sales surge
Supermarket sales grew 8.4% over the festive period with almost £12bn spent at the grocers as online shopping surged during Christmas, according to Nielsen.
-
NewsMedia Bites 6 Jan: Morrisons, Christmas grocery sales, UK/EU trade deal
Strong demand for luxury Christmas favourites helped to drive an 8.5% rise in sales at Morrisons over the festive period
-
NewsFreshDirect completes sale to Ahold Delhaize and Centerbridge Partners
US online fresh food grocer FreshDirect has announced that it closed its sale to global grocery giant Ahold Delhaize and investment firm Centerbridge Partners.
-
NewsMorrisons' Christmas sales surge 9.3%
Morrisons has reported a 9.3% growth in group like for like ex-fuel sales over the festive period as rising sales have mitigated the extra costs from the coronavirus tiering rules
-
NewsMedia Bites 5 Jan: Lockdown, Aldi, Online grocery
The new national lockdown will cause widespread business failures and job losses unless government support for businesses is urgently increased
-
News
Nomad Foods completes Findus unification with €110m Switzerland deal
Birds Eye owner Nomad Foods has completed the €110m (£99.5m) deal to add Findus Switzerland to its growing frozen empire.
-
NewsPooch & Mutt sells minority stake to Czech petfood producer VAFO
The fast-growing pet treats brand has sold a minority stake to Czech premium petfood player VAFO in a ’multimillion-pound’ transaction
-
NewsAldi reports record Christmas as Covid restrictions drive demand for booze and premium ranges
The discounter has reported a 10.6% year-on-year rise in sales in the four weeks to 24 December
-
NewsCity snapshot: Covid Primark closures cost ABF a further £220m
Associated British Foods has said the tightening of coronavirus restrictions will cost the group an extra £220m on top of the previously announced £430m. Plus, the FTSE starts the year strongly after Brexit deal and all the rest of the latest news from the City.
-
NewsMedia Bites 4 Jan: Retail jobs, Cafe Nero, Kirin
The high street shed 177,000 jobs in 2020 according to a study that predicts an even more devastating toll on retail jobs this year
-
![higgidy Vegan Quiche Lifestyle[2]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/8/7/3/224873_higgidyveganquichelifestyle2_971422_crop.jpg)
NewsSamworth Bros boosts Higgidy stake to become majority shareholder
Higgidy will remain a separate business with a separate leadership team and its own manufacturing facilities
-
NewsKettle owner Valeo Foods snaps up tortilla chip producer It’s All Good
The supplier will join Valeo’s snacking division alongside the likes of Kettle
-
NewsTesco-backed checkout-free tech firm Trigo secures $60m funding
The latest funding, led by venture capital firm 83North, would be used to scale Trigo’s ability to meet growing demand and boost R&D, the checkout-free tech company said
-
NewsBestway snaps up Costcutter for undisclosed fee
Once the deal is cleared, Bestway will operate a symbol, franchise and company store estate of more than 3,795 UK stores
-
NewsCity snapshot: BRC calls for ‘pragmatic solution’ to border chaos
The BRC has called on the government and the EU to find a “pragmatic solution” to the closure of traffic from France and avoid impacting the supply of Fresh produce to the UK. Plus, FTSE and pound plunge, Bestway Wholesale to buy Costcutter and all the rest of the latest news from the City.