Finance news – Page 571
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NewsPoundland shareholders approve £610m Steinhoff takeover
Poundland shareholders have overwhelmingly backed the £610m takeover bid from South Africa’s Steinhoff Group despite fears activist investor Elliott Capital could derail the deal
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NewsAsda grows profits 3.3% at expense of sales
Asda has continued to outperform its peers in terms of profits but the protection of the bottom line saw sales plunge by almost £1bn in 2015.
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NewsBooths appoints Matt Rothwell from Sainsbury's as new FD
Rothwell was head of food commercial finance at Sainsbury’s until June
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NewsMedia Bites 7 September: Tesco, Bayer/Monsanto, Pret A Manger
Tesco has the worst corporate governance of all the FTSE 100 firms, according to the Institute of Directors. Plus, the potential Bayer/Monsanto merger has sparked fears of reduced choice for farmers.
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NewsMcBride profits increase as new strategy pays off
Household goods manufacturer McBride has improved profits thanks to its new five-year plan but sales have declined more than £23m.
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NewsTesco begins consultation over jobs with night shift workers
Tesco said the move was prompted by the need to focus staff shifts during the day and at twilight hours to improve service and availability
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NewsDelicious Alchemy appoints former Fiddes Payne boss as CEO
Gluten-free brand Delicious Alchemy has appointed former Fiddes Payne boss Iain Macpherson as its new CEO to take the business to the next level.
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NewsApplegreen food sales fuel profit growth
Growing food sales have fuelled a boost in profitability at petrol forecourt retailer Applegreen as the group builds on ambitions to expand in the food-to-go market.
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NewsLysa Hardy leaves Holland & Barrett as board restructures
Hardy has left to pursue other career opportunities
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NewsMedia Bites 6 September: M&S, Sainsbury's, Bayer/Monsanto
Marks & Spencer is the main focus of the papers this morning after it announced yesterday that more than 500 jobs will be cut at its head offices.
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NewsSummer sun and Rio success boosts food sales
Team GB’s Olympic gold rush and clear blue skies in August have helped food retailers put in their best performance for more than two years.
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NewsMarks & Spencer to cut 525 HQ staff
The proposals to make significant changes to its UK HQ structure follows a detailed review of the organisation
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NewsSainsbury's to open more Argos concessions and mini Habitats
The move will take the number of Argos digital concessions, which range from 1,000 sq ft to 5,000 sq ft, to over 30
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NewsJeremy Bradley to take over as Genius Gluten Free CEO
The former Kettle Foods MD will begin his new role on 16 October
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NewsCarr’s Group sells food division to Whitworths for £36m
Food and engineering group Carr’s has sold its food division, Carr’s Flour Mills, to fellow flour miller Whitworths for £36m.
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NewsMedia Bites 5 Sep: Morrisons, M&S, Poundland
Morrisons is set to reignite the supermarket price war this week when it slashes the cost of 160 everyday essentials.
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NewsNisa chairman Christopher Baker to step down
Baker, who has held the role since January 2013, will resign as chairman at the conclusion of the meeting on 29 September
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NewsIndie retail chain Proudfoot Group appoints two new board members
Business and retail development manager Marcus Proudfoot and buying and distribution controller Valerie Aston join board
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NewsFyffes shrugs off tough banana market to post 14.7% first half growth
Irish fruit importer Fyffes has announced a near 15% increase in first half sales driven by acquisitions and volume growth
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NewsMedia Bites 2 Sep: Pernod Ricard, Walmart, Monsanto
An American appetite for Irish whiskey has driven sales at drinks giant Pernod Ricard, which has reported strong growth in the United States