Finance news – Page 360
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NewsCity snapshot: Bank holiday sun helps grocery market back into growth
The grocery market has returned to growth with a 0.5% uplift in value sales, the latest grocery market share figures from Kantar show. Plus, Ocado Retail grows third quarter revenues by 11.4%, plus all the rest of the latest news from the City.
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NewsMedia Bites 17 September: Aldi, Asda, Meat Substitutes
Aldi has revealed plans to more than double the number of outlets within London’s M25 thanks to smaller-format shops proving more successful than it had expected
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NewsAldi may open more than 50 Local stores in London, says Giles Hurley
Hurley said Aldi’s London estate could grow from the current 45 to 250, more than 50 of which could be Aldi Locals
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NewsPret a Manger names Clare Clough UK MD
Clough oversaw the introduction of Pret’s allergy plan over the past year
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NewsUK vaping industry distances itself from growing alarm in US
The Centers for Disease Control and Prevention in the US reported last week a “multistate outbreak of lung disease” associated with vaping
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NewsCity snapshot: Aldi pledges to double London store count despite 18% profits drop
Aldi has announced plans to double its store footprint inside the M25 after posting an 18% drop in pre-tax profits despite a double digit sales increase. Plus, second half growth surges at Finsbury Food Group and all the rest of the latest news from the City.
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NewsMedia Bites 16 September: Sainsbury’s, Asda, Tesco/Jack’s
Sainsbury’s Mike Coupe warned that in the event of a no-deal Brexit fresh food supplies will be hit.
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NewsRaw Halo returns to Crowdcube to fund listings in major retailers
Vegan chocolate maker Raw Halo has kicked off its third crowdfunding campaign to fund expansion into major mainstream retailers
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NewsSnaffling Pig to seek cash for wider pork market expansion
The Berkshire-based business hit Crowdcube this week seeking £750k in exchange for a 7% stake
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NewsCity snapshot: Sainsbury’s pledges to halve plastic packaging by 2025
Sainsbury’s has announced a commitment to cut its plastic packaging by 50% by 2025, becoming what it claims is the first retailer to outline plans of this scale.
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NewsMedia Bites 13 September: John Lewis/Waitrose, Morrisons, Co-op
John Lewis has issued a stark warning on the potential fallout from a no-deal Brexit as the retail group fell into its first ever half year loss.
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NewsJapanese drinks giant Asahi sees sales surge across UK
The company said the growth was achieved “through continued investment in brand marketing campaigns”…
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NewsMorrisons to expand Amazon Prime Now delivery partnership across UK
The retailer announced today (12 September) it had signed an undisclosed multi-year deal with the online giant, to replace its previous rolling relationship
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NewsWaitrose pulls out of online deal with Today Development Partners
TDP and Waitrose.com had planned to work together to develop three automated customer fulfilment centres
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NewsCity snapshot: Morrisons first half profits rise 5.3% despite first quarterly sales dip since 2016
Morrisons has posted a 5.3% rise in first half pre-tax profits despite recording a second quarter sales fall of 1.9%. Plus, The John Lewis Partnership has posted a £25.9m loss in the first six months of the year, British American Tobacco has announced it is to cut 2,300 jobs globally and all the rest of the latest news from the City.
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NewsMedia Bites 12 Sep: Yellowhammer/Brexit, Trump/vaping, AB InBev
Supplies of some fresh food will decrease and supermarket prices may also rise, according to secret documents the government was forced by MPs to publish.
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NewsGovernment plans for ‘all-in’ deposit return scheme branded ‘total nightmare’
Yesterday (10 September) the Scottish government published draft legislation for a national rollout from 1 April 2021
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NewsHalo Top sold to US ice cream giant Wells Enterprises
The Eden Creamery ice cream brand was snapped up for an undisclosed amount, with the deal expected to complete this month
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News3D printed vegan meat a step closer after startup wins $6m investment
Israel-based Redefine Meat aims to create industrial-level 3D printing machines for use across the food sector
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NewsCity snapshot: UK shop closures surge to record levels
Heightened restructuring activity has seen the half-year net reduction in stores on Britain’s high streets hit record levels according to research by the Local Data Company and PwC.