Finance news – Page 416
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NewsMedia bites 17 October: Sainsbury's/Asda, discounters, Patisserie Valerie
An investigation of how the proposed £7.3bn takeover of supermarket chain Asda by rival J Sainsbury might affect competition will consider the impact on suppliers as well as shoppers
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NewsPiccolo babyfood completes first overseas rollout
The brand is expecting a 12% sales boost as a result of the international listings
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NewsCity snapshot: Grocery sales cool off after record summer
Grocery sales have cooled off following record summer growth, as shoppers tightened their purse-strings ahead of the expensive Christmas season, British American Tobacco warn that earnings will fall 7%, and the rest of the news from the City
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NewsMedia bites 16 October: Greencore, Iceland, Tesco
Greencore Group is selling its US business for £817m just two years after it launched a big transatlantic push
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NewsPopchips sales jump 36% prior to KP acquisition
Intersnack subsidiary KP Snacks reiterated plans to invest in the fast growing crisp brand it purchased in July
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NewsCity snapshot: Greencore sell US business to Hearthside for £817m
Convenience food group Greencore is to sell its entire US business to American contract manufacturer Hearthside Food Solutions for £817m, high street footfall continues to decline, and the rest of the news from the City
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NewsMedia bites 15 October: Patisserie Valerie, Young's, Unilever
Patisserie Valerie, the British café chain that has found a potential fraud on its accounts, had used up £9.7m on two separate bank credit lines without the board’s knowledge
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NewsUnited Wholesale grocery boost offsets falling tobacco sales
The wholesaler recorded a slip in sales but improved profitability
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NewsCity News: Greggs sales up 7.3% despite impact of hot weather
Customers swapped pasties for pizzas to drive a 7.3% rise in sales…
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NewsBirds Eye returns to growth after four-year slump
Sales at the frozen food manufacturer jumped 2% on the back of advertising investment
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NewsWages and operating profits jump at Aldi
Average headcount at the discounter has increased by 10% to more than 33,000, while profits rose 26%
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NewsMedia Bites 12 October: Patisserie Valerie, WH Smiths, Obesity
Patisserie Valerie is on the brink of collapse after the café chain’s parent company said it would be unable to keep trading without an immediate injection of capital
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NewsCity Snapshot: Supermarket price inflation slides to 0.1%
Price rises triggered by the post-Brexit fall in the pound have almost completely subsided as supermarket price inflation reached its lowest level for 20 months, Produce Investment’s falls to a £9.5m loss and the rest of the news from the City
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NewsBooths sales decline during year 'fraught with disruption'
The Northern supermarket chain reported a further slide in sales but stressed improved performance in the latter half of 2017
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NewsSupermarket price inflation at lowest level for 20 months
The Grocer Price Index edged back up to 0.1% in September but is still at its lowest level for months
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NewsPatisserie Valerie warns 'immediate cash injection' is needed
The crisis-hit owner of Patisserie Valerie has warned that an immediate cash injection is needed “for the business to continue” in its current form
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NewsCity Snapshot: Glanbia buys SlimFast for US$350m
Irish food group Glanbia has announced it has agreed to acquire weight loss nutrition brand SlimFast for US$350m. Plus, high street restructure at WH Smith sees headline profits fall back and all the rest of the latest news from the City.
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NewsMedia Bites 11 Oct: Patisserie Valerie, Tesco, Wilko
Patisserie Valerie faces a battle for survival after discovering a £20m-plus black hole in its accounts and being hit with a winding-up petition by Revenue & Customs.
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NewsBrewDog preparing range of single malt whiskies
Whisky had seen “no innovation or disruption for almost 200 years, and it needs an injection”, said CEO James Watt
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NewsBestway MD Martin Race says more cuts to core range necessary
Martin Race said cuts already made across a number of categories had not gone far enough