Finance news – Page 483
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NewsMedia Bites 3 November: Morrisons, Tesco, Tate & Lyle, Fever-Tree, Blue Apron
Morrisons third quarter update and a day in court for Tesco CEO Dave Lewis generate plenty of coverage in the papers today.
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NewsCity snapshot: Bakkavor pulls plug on London IPO at last minute
Bakkavor has pulled the plug on its plans to float on the London Stock Exchange, blaming current “volatility” in the IPO market
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NewsDave Lewis tells court of his 'shock' when told of Tesco profit black hole
Lewis said he became aware of the issue on 19 September 2014 having joined the company on 1 September as its new CEO
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NewsRefresco tipped to get CMA green light for Cott deal
The CMA has launched a phase one investigation of the Refresco merger with Cott…
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NewsCarlsberg drinks to cost cutting as it raises profits forecasts
The Danish brewer said in a third quarter trading update that its ‘Funding the Journey’ programme was progressing well and total benefits would be about DKK 2bn (£236m).
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NewsKraft Heinz logs first sales rise in more than two years but challenges remain
Kraft Heinz increased sales for the first time since the $100bn merger to create US food giant in 2015.
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NewsHarrogate thirsty to boost retail listings as sales rise 21%
Harrogate Water Brands is eyeing more supermarket listings after posting another year of stellar annual sales…
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NewsMorrisons pledges price freeze on 100 key Christmas lines
Pledge comes as Morrisons reported a 2.5% like-for-like sales increase in the third quarter of this year
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NewsDunnet Bay Distillers readies raft of craft spirits after £300k investment
The Rock Rose Gin maker will launch a new Winter Edition of its flagship line this month…
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NewsMedia Bites 2 November: Waitrose, Sainsbury's, Iceland, recipe boxes
The media spotlight shines on the Waitrose Food and Drink Report 2017 and finds big supermarket trollies are on the decline as Britons ditch the weekly shop, while vegetarian prepared meals, juniper berries and Sicilian wine are on the rise.
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NewsCity snapshot: Morrisons recovery continues as 'price crunch' proves hit with shoppers
Morrisons recovery continued in the third quarter as like-for-like sales rose 2.5%, with its ‘price crunch’ proving popular with shoppers. Plus, Carlsberg lifts full-year profit expectations, Kraft Heinz halts declining sales with a rise in the third quarter; and profits jump 26% at Tate & Lyle in the first half.
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NewsJesús Lorente to take over as Asda merchandising boss
Andrew Moore joined Asda in 2008 as director of George clothing
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NewsMeurig Raymond to step down as NFU president after four years
Pembrokeshire farmer was first elected in 2014, and previously held post of deputy president during Peter Kendall’s eight-year term
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NewsPallet burning on Bonfire Night 'costs UK economy millions'
The average cost of a new pallet can be between £8 and £10
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NewsIceland pledges to accept round pound coins until end of 2017
Iceland had previously said it would accept the coins until 31 October
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NewsBrewDog guns for Trump with 'Make Earth Great Again'
The new brew is made with water from melting Arctic ice caps…
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NewsRefurb by prominent independent Dean Holborn grows sales 13%
Holborn’s store in Nutfield, Surrey, underwent a three-week refurbishment before reopening on 23 September…
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NewsCity snapshot: BRC-Nielsen finds food price inflation remains at 2.2% as fresh prices rise
Food price inflation remained at 2.2% in October, according to the latest BRC-Nielsen shop price index, but fresh food inflation is increasing while ambient inflation eased last month. Plus, Glanbia reports third quarter figures, clothing retailers fall after Next update and all the rest of the latest news from the City.
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NewsMedia Bites 1 Nov: Shopping habits, Interest rates, Just Eat
Jumbo trollies are on their way out, Britain now prefers blueberries to strawberries and sales of vegetarian ready-meals are on the rise, according to a new report on food shopping habits.
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NewsKellogg boosts sales for first time two years
Cereal and snacking giant Kellogg has increased sales for the first time in more than two years as its cost-cutting strategy and expansion into healthier foods showed signs of beginning to work.