Finance news – Page 573
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NewsRafael Oliveira takes over as Kraft Heinz UK & Ireland MD
The role has been held by president of Kraft Heinz Europe Matt Hill on an interim basis since March
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NewsTesco extends same-day click & collect with added charges
New pick-up slots will be £2 from Monday to Thursday and £3 on Fridays
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NewsCity Snapshot: Ahold and Delhaize post pre-merger sales growth
The newly combined Ahold Delhaize (AD) has “kicked off with good momentum” after both Ahold and Delhaize Group reported strong second quarter results
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NewsMedia Bites 25 Aug: Tesco, Amazon, WH Group
Tesco has fired the latest salvo in what is being dubbed the “time wars” between food retailers by launching a same-day click and collect service for grocery orders.
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NewsAverage household bins a month's worth of food every year
Amost half of Brits keep bread in the fridge even though this speeds up the growth of mould
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NewsM&S petitioned by MPs over cuts to wage premiums
Campaigners say 11,000 workers in receipt of premiums for antisocial hours could be left worse off
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NewsStrong travel performance puts WH Smith on track
WH Smith (SMWH) has announced this morning it is on track to meet market expectations for its full-year trading after strong performance in its travel division
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NewsMedia Bites 24 Aug: Supermarket sales, SABMiller, UK exports
The arrival of warm weather and a gold-tinged Olympics feelgood factor has boosted British supermarket sales over the past three months
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NewsHigh Court backs SABMiller’s request to split crucial merger vote
The UK High Court has approved SABMiller’s plan to hold two separate shareholder votes on the AB InBev takeover deal, potentially putting the global mega-deal under threat.
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NewsAsda sells off loss-making photo business for £5.35m
Asda has agreed to sell its photo division to Photo-Me for around £5.35m, the UK-listed photo company announced this morning.
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NewsBeer and cider sales boosted by late blooming summer
Champagne sales also benefited from the sunny weather, with value up 4.9%
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NewsMedia Bites 23 Aug: Supermarket price war, Contactless payments, Tourist spending
“Supermarket price war would kill profits”, writes The Times (£) this morning, warning that “the front line in the fight for food shoppers is about to get bloody”.
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NewsTeam GB gold rush and hot weather boost supermarket sales
The hot weather and Great Britain’s success at the Olympics in Rio combined to generate the best supermarket sales growth for nearly three years, according to Nielsen
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NewsNo judgement yet in SABMiller takeover court case
SABMiller has announced that the UK High Court case examining its proposal to hold two separate shareholder votes on the AB InBev takeover offer will not be concluded today.
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NewsSales soar at artisan baker Bread Holdings
The owner of The Bread Factory and GAIL’s Artisan Bakery has seen annual revenues soar by 41.5% as UK consumers’ hunger for artisan bread shows no sign of waning.
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NewsCity snapshot: Supermarket deflation eases again
The deflation that has gripped grocery since 2014 has eased for the second consecutive month after the Brexit vote
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NewsMedia Bites 22 August: SABMiller, Deflation, M&S, Argos
The High Court will decide today whether the brewing giant SAB Miller can hold two shareholder votes on its £79bn takeover — in an unusual move that would increase the odds of the deal collapsing.
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NewsPost-Brexit fall in sterling counters deflationary trend
The deflation that has gripped grocery since 2014 has eased for the second consecutive month after the Brexit vote.
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NewsNestlé growth slows but market backs it for second half
Troubles in China, deflation in Western markets and soft commodity prices ate into Nestlé’s first-half growth this week
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NewsVision considers sale of Addo Food Group following £30m spend
Addo Food Group, formerly known as Pork Farms, has been the target of detailed takeover talks with private equity firms