Finance news – Page 393
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NewsBrindisa Spanish Foods plans northern growth with new hires
The speciality wholesaler has operated in the south of England for 30 years
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NewsSupermarket REIT targets £25m raise to buy new property
The move would take the fund’s assets to well over £340m
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NewsOcado plans for robot order packers derailed by Andover fire
The robot prototypes were held at Andover and destroyed along with the rest of the facility
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NewsCity snapshot: PureCircle counts the cost of switch to new stevia generation
Stevia producer PureCircle has posted a 5% drop in sales and an escalation of first half losses after reformulation and writedowns hit its performance. Plus, Domino’s Pizza Group reports on “mixed year” as international business drags down performance, staffing changes at Carlsberg and all the rest of the latest news from the City.
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NewsMedia Bites 12 March: Paul Polman/Unilever, Brexit, Inflation basket
Paul Polman, the former head of Unilever, took home €11.7m, including an annual bonus of nearly €2m, in a year in which the company faced heavy criticism.
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NewsRetail footfall drops 2% in February
Retail footfall declined for the 15th consecutive month in February, as it plunged 2% according to new research.
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NewsMedia Bites 11 March: Ocado, Unilever, Jamie Oliver
Around a quarter of Ocado shoppers would ditch the online grocer if Waitrose products were no longer available, according to a poll
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NewsEat Square collapses weeks after failed crowdfunding campaign
The pie supplier failed in a Seedrs campaign to secure £50k
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NewsPastry supplier Deli Santé ceases trading
The company formerly had branded listings at Ocado and Waitrose
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NewsConsumer confidence dents sales and profits at Big Prawn Co
The company said market uncertainty and Brexit-driven currency impacts could affect growth in 2019
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NewsProfits rocket at Heck sausages after manufacturing spend
The premium sausage maker saw sales jump 20% to £21.1m in the year to 31 July 2018
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NewsGPI shows supermarket prices deflating again, with 0.3% drop
Three of the big four supermarkets were in annual deflation last month
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NewsVeganism trend drives 39% sales growth at Gosh
Profits have also surged 84% to £3.5m amid manufacturing investment
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NewsChlorinated chicken: Fox vows ‘no compromise’ on UK food standards
In an exclusive interview with The Grocer, the international trade secretary clarified his position on post-Brexit food standards
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NewsCity snapshot: High street sales growth slumps to decade-long low
High street retail sales in February were the weakest for a decade, as Valentine’s Day failed to provide an uplift, new figures reveal
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NewsMedia Bites 8 March: Waitrose/JLP, Greggs, Plastics
John Lewis Partnership staff saw their bonuses cut to the lowest in 65 years in the face of difficult trading on the UK high street
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NewsFood fraud risk higher in no-deal scenario, says 2 Sisters tech boss
Higher prices caused by post-Brexit tariffs could create ideal conditions for food fraud, warned 2 Sisters’ new technical director
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NewsWaitrose to sell five stores as John Lewis Partnership profits dive
Waitrose has revealed plans to sell five stores to rival retailers, amid sliding profits at the John Lewis Partnership group
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NewsCity snapshot: Greggs annual sales surge past £1bn
Greggs has shrugged off “extreme weather conditions” and wider economic uncertainties to post a jump in full year sales and profits. Plus the rest of the latest news from the City.
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NewsMedia Bites 7 March: Patisserie Valerie, Tobacco stocks, Just Eat
Patisserie Valerie’s new owner has insisted it has the money and skill to rebuild the company despite sacking the café chain’s top management to save money.