Finance news – Page 499
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NewsCity snapshot: Amazon fires the gun on Whole Foods price war
Amazon has signalled the start of a grocery price war to start on Monday once its $13.7bn (£10.7bn takeover of Whole Foods completes.
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NewsMedia Bites 25 August: Costcutter, Amazon/Whole Foods, Steinhoff
The papers follows up The Grocer’s exclusive that Costcutter is close to unveiling a deal as the corner-shop chain becomes the latest retailer to be jolted into dealmaking in response to Tesco’s £3.7bn swoop on Booker. Plus, Amazon kicks off battle with Walmart as prices to fall at Whole Foods.
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NewsBirds Eye owner Nomad slows decline in UK as prices increases lift sales
Birds Eye and Findus owner Nomad Foods recorded organic growth for the second quarter in a row as the group pushed through price increases
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NewsGreencore shares tumble as it tries to reassure the City
Shares in Greencore have slumped by almost 9% today after the sandwich maker tried to reassure investors over the continued fall in value of the stock during 2017.
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NewsCostcutter could be next on the block in convenience
Sir Michael Bibby promises “formal announcement soon”
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NewsThe Kay Group profits fall as tobacco and petrol gets tougher
Kay warned he did not expect to see an uplift in performance in next year’s results
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NewsHilton Food Group wins long-term Tesco Europe supply deal
Five-year deal will see Hilton supply fresh food including sandwiches, pizza, ready meals and soups to Tesco in central Europe
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NewsMedia Bites 24 August: Amazon/Whole Foods, Finsbury Food, Tesco, Brexit
Approval by Whole Foods shareholders of the Amazon takeover is folowed by the US competition regulator; Tesco opening its £85m compensation scheme; Finsbury Food planning to close its Grain D’Or business; and the pound hits lowest level again the euro in eight years.
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NewsCity snapshot: Amazon $13.7bn Whole Foods takeover waved through by US regulator
US competition watchdog the FTC has given Amazon the green light for its $13.7bn (£10.7bn) takeover of Whole Foods, just hours after Whole Foods shareholders gave their approval
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NewsScottish business rates review proposes 'Growth Accelerator'
Review also suggested properties should be revalued after three years instead of the standard five…
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NewsTesco £85m investor compensation scheme opens
The scheme, agreed by the supermarket with the Financial Conduct Authority (FCA) in March this year, will cost Tesco an estimated £85m
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NewsTim Busby to take over as chief financial officer at Young's
Busby will replace Malcolm Lofts who is retiring from the role on 31 December
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NewsMedia Bites 23 August: Lidl, Bayer/Monsanto, Asda, sugar
With grocery stories continuing to be slim pickings as the UK gears up for the bank holiday weekend, the latest market share from Kantar Worldpanel and Nielsen generates some column inches.
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NewsModeration on trend as sales of low and no-alcohol beer soars
Value sales of low and non-alcoholic brews grew by 20.5% over the past 12 months
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NewsCity snapshot: 250 jobs at risk as Finsbury Food Group plans to close Grain D’Or bakery business
Finsbury Food Group is proposing to close its lossmaking Grain D’Or business, leaving 250 jobs at risk.
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NewsCreative Nature turns down Dragons' Den investment
Healthy snacking brand Creative Nature is in talks with private investors after turning down the £75,000 secured during an appearance on Dragons’ Den.
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NewsMajor supermarkets' online imagery lags behind Amazon and Ocado
An analysis of six large grocers found they only displayed one image on at least 95% of their bestselling products
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NewsMedia Bites 22 August: Great British Bake Off, vanilla prices, Johnson & Johnson, Co-op Group
One of the new judges for The Great British Bake Off has made an advertising faux pas by suggesting viewers can watch the Channel 4 show online and skip the adverts.
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NewsCity snapshot: Disappointing summer halts supermarket growth as soft drinks, burgers and ice cream sales fall
A combination of a cooler weather and people heading off on summer holidays has put a stop to two months of consecutive sales growth for the UK supermarkets, according to Nielsen. Plus, Lidl increases market share to new record high of 5.2% – up 0.7 percentage points year on year – to become the UK’s seventh largest grocer, according to Kantar Worldpanel.
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NewsAsda sees big increase in alleged code of practice breaches
The British Brands Group today published the official responses by retailers to the CMA over code compliance