Finance news – Page 364
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NewsMorrisons to close four stores, risking hundreds of jobs
The supermarket said the decision had been taken after a review of the performance of its existing estate
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NewsGovernment faces backlash over ‘bamboozling’ Brexit immigration move
It has said it intends to bring an end to freedom of movement on Halloween in the event of a no-deal
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NewsHome Counties newsagent Henderson’s falls into administration
Joint-administrator Michael Pallott said the creditor position was still under investigation
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NewsCity snapshot: Tesco threatens to ban products that use excessive packaging
Tesco chief executive Dave Lewis has pledged to ban brands that use excessive and hard to recycle packaging from its shelves. Ocado reports ‘small fire’ at its customer fulfilment centre in Erith and all the rest of the latest news from the City.
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NewsMedia Bites 22 Aug: Morrisons, Brexit Rationing, Tesco
’Foreign vultures’ could swoop on Morrisons after a share price slump and a fall in the pound left it vulnerable to a takeover
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NewsUp to 50 jobs at risk as Müller mulls closure of Aberdeen depot
The move is part of the processor’s Project Darwin cost-cutting drive
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NewsSugarSin plans second London store and international expansion
The business is aiming for three franchise stores in major international cities by 2023
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NewsManufacturing output stabilises following July slump
Manufacturing output stabilised in the three months to August, following a drop in July, the latest monthly Confederation of British Industry Industrial Trends Survey shows
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NewsMedia Bites 21 August: Grocery market share, Starship, Banana threat
Sainsbury’s has bounced back from the failure of its attempt to merge with Asda, latest industry figures from Kantar suggest.
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NewsFulfil Nutrition plots further UK expansion as Hershey buys in
Irish confectionery bar startup Fulfil Nutrition is planning to expand further into the UK market after securing a “significant minority investment” from confectionery giant The Hershey Co.
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NewsGeneral Mills CFO to retire amid leadership team reshuffle
The company said the changes reflected a “thoughtful and strategic approach to long-term growth and succession planning”
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NewsAround Noon reports soaring sales of its Fruit Pots
The number of fruit pot units sold by Around Noon had increased more than 110% since 2017
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NewsSainsbury’s outperforms rivals in flat grocery market
Grocery sales flatlined in the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue to hamper food and drink sales growth.
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NewsMedia Bites 20 August: Greene King, Juul, Kraft Heinz/Mondelez
The papers have their say on the sale of Greene King to CK Asset Holdings of Hong Kong
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NewsGreene King agrees £2.7bn takeover
Pub chain and brewer Greene King has agreed a £2.7bn takeover by a Hong-Kong listed international conglomerate CK Asset Holdings.
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NewsChris Robinson steps down as Berry Bros & Rudd CFO
The former Tesco finance and planning director joined the retailer three-and-a-half years ago
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NewsCity snapshot: Sainsbury’s plays down Coupe succession plan reports
Sainsbury’s has played down reports it is preparing to replace under pressure CEO Mike Coupe following the collapse of its merger with Asda. Plus, all the rest of the latest news from the City.
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NewsMedia Bites 19 Aug: Lidl, Sainsbury’s, Majestic Wine
German discounter Lidl has told British suppliers that it wants them to pay for EU import tariffs to keep shelves stocked in its Irish stores in the event of a no-deal Brexit.
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NewsSussex-based porridge maker nets £60k Dragons' Den investment
The Great British Porridge Co has secured a £60k cash boost from Dragons’ Den’s Tej Lalvani following its pitch on the BBC Two show last weekend
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NewsJeremy Corbyn unveils plan to prevent high street ‘retail apocalypse’
Labour leader is expected to announce plans to give councils new powers to re-open abandoned empty shops