Finance news – Page 668
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NewsCity snapshot: Shares jump on surprise election result
The FTSE 100 index has surged by 2% in early trading after the British electorate has seemingly returned a majority Conservative government
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NewsLarge bread loaves 15p cheaper due to supermarket price wars
Supermarket price wars have sliced 15p off the average price of a loaf of bread in the past 12 months…
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NewsMedia Bites 7 May: Sainsbury's, Imperial Tobacco, Poundland
The papers have seized upon CEO Mike Coupe’s contention that the growth of the discounters Aldi and Lidl is slowing down.
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NewsCity Snapshot: Morrisons sales fall 2.9% in first quarter
Morrisons like-for-like sales fall of 2.9% beat expectations of a 3-3.5% drop, but its shares have opened down. Also Reckitt Benkiser prepares for AGM, the market reacts to Sainsbury’s full-year results and all the rest of the news from the City.
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NewsImperial Tobacco sees benefits of savings
The company’s cost optimisation programme is on track to deliver further incremental savings of £85m in the full year
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NewsFinsbury Food Group rescues Johnstone’s Just Desserts from administration
Finsbury Food Group is back on the acquisition trail after agreeing to rescue Johnstone’s Just Desserts from administration.
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Poundland to push ahead with 99p Stores takeover
Poundland has decided to press on with its attempt to acquire rival discount chain 99p Stores and go to a more in-depth investigation process by the UK’s Competition and Markets Authority.
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NewsMedia bites 6 May: Sainsbury's, Tesco, M&S
sainsThe media examines Sainsbury’s first annual loss for a decade and the latest board departures at Tesco.
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NewsCity snapshot: Sainsbury's falls to first loss in a decade
Sainsbury’s (SBRY) has recorded its first annual loss in a decade after property writedowns and other one-off charges took their toll. Plus Poundland presses ahead with 99p Stores bid, Finsbury Food Group acquires Johnstone’s Just Desserts and all the latest from the City.
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NewsMetro Group’s sales rise 2.5% in second quarter but losses widen
German supermarket Metro Group has reported growing sales in its second quarter, but the negative impact of currency movement helped its losses expand to €394m during the period.
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NewsCity snapshot: Tesco knocks back £4bn approach for South Korean arm
Tesco has knocked back a £4bn for its South Korean business, according to weekend reports.
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NewsMedia Bites 5 May: Sainsbury's, Morrisons, Diageo
With Sainsbury’s full year results this week and Morrisons Q1 trading figures, there are plenty of predictions of doom in the papers.
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NewsPrice war set to drive M&A consolidation, warns Grant Thornton
UK M&A volumes held up in the first quarter of 2015, but deal values were significantly down as small-scale consolidation dominated the market.
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NewsMr Sherick's hits Crowdcube target after upping equity offer
The premium milkshake brand, founded by ex-M&S buyer Andrew Sherick, initially offered 16.97% for £250k via the Crowdcube funding platform, valuing the business at £1.47m
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NewsBirds Eye sales slump as Nomad steps in
Newly filed accounts at Companies House for the UK business revealed pre-tax profits plunged more than £20m (26%) to £62.7m on sales down 4.6% to £446.3m in 2014
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NewsMedia bites 1 May: EU redundancy ruling, Mike Coupe, John Menzies
A number of papers cover the failure of workers at collapsed retailers Woolworths and Ethel Austain to win compensation.
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NewsCity snapshot: Waitrose sees first quarter sales growth of 0.9%
The fall of Easter in 2014 continues to distort Waitrose’s weekly sales figures, with sales for the week to 25 April up 9.5% year-on-year
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NewsChicken and beef at forefront of fresh/chilled price deflation
Data from mySupermarket revealed average retail prices for fresh and chilled meat fell in March 2015, with fresh whole chickens showing the biggest year-on-year decline
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NewsJustin King the latest to face Egyptian prosecution
The former Sainsbury’s CEO was convicted last year, claims the Times, and although the conviction was overturned it is understood the Egyptians are appealing the acquittal