Finance news – Page 519
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NewsM&S results: analyst reaction
Annual profits at Marks & Spencer have fallen by 64% to £176.4m, here’s how leading City and retail analysts reacted
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NewsMedia Bites 23 May: Sainsbury's, Greencore, Cranswick, Danone
Sainsbury’s is facing criticism from African farmers and the Fairtrade Foundation for stripping the ethical sourcing marque from its own-brand tea bags. Plus, strong results from Greencore and Cranswick.
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NewsCity snapshot: M&S profits plunge 64% as restructuring costs hit business
Annual profits at Marks & Spencer have fallen by 64% to £176.4m as a costly overhaul of the business hurt the bottom line, clothing sales declined further and like-for-like food sales went into reverse. Plus, half-year results from Britvic and a trading update from Hilton Food Group.
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NewsExpress delivery service Quiqup raises £20m to fund growth
The startup has begun operating a delivery service for Whole Foods Market, Burger King and Tesco in London
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NewsSSP Group shares hit all-time high as BlackRock ups its stake
US asset management giant BlackRock has almost doubled its stake in SSP Group to close to 9%, sending shares in the travel food-to-go specialist to record highs.
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NewsCranswick export push and poultry expansion drives record sales
Growing pork exports to the Far East and soaring poultry sales have fuelled a record year at meat supplier Cranswick.
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NewsSupermarkets provide emergency help in wake of Manchester attack
Asda and Tesco providing food and water at Etihad Stadium and outside hospitals
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NewsJonathan Miller plays down reports of McColl's One Stop bid
Earlier this month, The Grocer revealed McColl’s plans to trial a new supply deal with the Co-op
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NewsMiranda Curtis leaves M&S to focus on Foreign Office role
Curtis was also chairman at Waterstones until 2016…
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NewsCity snapshot: Greencore revenues soar 46% on 'transformational' Peacocks deal
Revenues and profits soar at sandwich maker Greencore and pork and poultry supplier Cranswick thanks to acquisitions, new business wins and export growth
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NewsCafédirect targets fruit and herbal tea market with London Tea Co acquisition
Ethical hot beverages producer Cafédirect has expanded its tea portfolio with the acquisition of The London Tea Company from Finlay Beverages for an undisclosed sum
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NewsGreat Bear Distribution appoints Alastair Isbister CEO
Isbister will report to Thomas van Mourik, CEO of Great Bear Distribution’s owner Culina Group…
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NewsAmazon trademark applications indicate checkout-free plan for UK
The online retailer filed a trademark for the slogan ‘Every queue is a defect’ on 11 May
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NewsRetailers braced for consumer confusion over new tobacco laws
A poll of 130 retailers by Palmer & Harvey found 60% did not believe smokers were aware of the changes
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NewsCity snapshot: Co-op members target packaging waste and modern slavery at AGM
Co-op members voted overwhelmingly to focus further on tackling modern slavery and packaging waste at this weekend’s Annual General Meeting.
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NewsMedia Bites 22 May: McColl's, Tesco/Booker, M&S, Unilever, Coca-Cola
McColl’s CEO Jonathan Miller is eyeing a possible takeover of Tesco’s One Stop chain if the supermarket has to sell assets to get its Booker merger passed the CMA. Plus, the papers focus on the upcoming M&S results.
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NewsDavid Milner leaves Amplify in management shake-up
Stuart Telford, senior vice-president of global operations, has also left the business
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NewsPremier Foods targets 'balanced' strategy as shares collapse
Premier Foods pacified investors with promises of super-charged growth driven by its partnership with Nissin Foods
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NewsFood and drink deal volumes slump as Brexit pressures hit
Food and drink deal volumes have slumped to the lowest level for more than two years in the first quarter of 2017
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NewsTribe smashes funding target and eyes supermarket listings
Ambitious startup Tribe aims to build Europe’s biggest sports nutrition brand by 2025