All Finance articles – Page 153
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Comment & OpinionM&S’ turbocharged turnaround tops a series of smart moves
The opening of food stores comes on top of investment in pricing and a change in culture
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NewsCity snapshot: British Honey Co puts itself up for sale
Listed honey and spirits producer British Honey Co has launched a formal sales process amid the need for cash by the end of November
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NewsMedia Bites 13 October: M&S, Poundland, Walmart
Marks & Spencer’s store closure plans are accelerating as it battles a “significant” rise in costs against a tougher economic backdrop.
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NewsM&S accelerates turnaround plan and brings forward food store opening target
In recent years, M&S has focused on opening larger-format stores in areas such as retail parks to attract more families and achieve bigger basket spending
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NewsMedia Bites 12 Oct: Supermarket inflation, Marston’s, Pret a Manger
Price inflation on groceries has risen to record levels, with shoppers switching to supermarkets’ own-label goods to cope with higher food costs
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NewsCity snapshot: Poundland attracts new customers as cost-of-living crisis grows
Poundland has benefitted from cost-conscious consumers managing tight household budgets to grow sales over the past year.
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NewsCity snapshot: Greencore sales rise but rail strikes and Bank Holiday dampen recovery
Greencore has seen a strong rebound in revenues in its financial year to 30 September as on-the-go consumption returned, albeit slowed in the fourth quarter
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NewsMedia Bites 11 October: Getir/Gorrilas, Asda, Morrisons/McColl’s
Grocery delivery app pioneer Getir is in talks to take over its heavily lossmaking rival Gorillas, according to this morning’s papers.
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NewsMedia Bites 10 October: Holland & Barrett, Tesco, Christmas goose
LetterOne, the UK-based investment group founded by sanctions-hit Russian oligarchs, is nearing a deal with lenders behind Holland & Barrett to buy out £890m
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NewsCity snapshot: Cooks Coffee Company outlines fundraising plans ahead of London float
Cafe chain Cooks Coffee Company is planning to raise £1.5m in a funding round ahead of its London float. Plus, a trading update from packaging firm DS Smith.
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NewsCity News: Tesco shares struggle as it battles inflationary pressure
Tesco shares continued to come under pressure this week as its profits were hit by its battle to retain market share amid soaring inflation.
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NewsOlly’s brings in more than £1m from the crowd to support supermarket listings
Founded by Olly Hiscocks in 2016, the business recently launched into Asda, Tesco and Holland & Barrett, adding to listings with Sainsbury’s, Morrisons, Waitrose, Co-op, Whole Foods and Boots.
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NewsPasta Evangelists sales nearly double on omnichannel growth
Fresh Italian food specialist Pasta Evangelists almost doubled revenues following its sale to Barilla, although it warned the DTC market has slowed in 2022
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NewsM&S rolls out digital credit accounts for Sparks customers
The digital credit platform lets customers apply and receive an instant online credit decision for up to a maximum of £500
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Analysis & FeaturesWhat do soaring interest rates mean for debt-laden Morrisons and others?
Moody’s cited Morrisons as a prime example, with its £6.6bn debt
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NewsCity snapshot: UK retail footfall rises to post-pandemic high
UK footfall came within 10% of pre-pandemic levels for the first time in September, despite mounting pressure on consumer spending
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NewsRamsden International sinks to first loss in company’s history as Brexit hits sales
Ramsden International has fallen to its first-ever loss as new Brexit rules hit revenues at the wholesale exporter.
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NewsMedia Bites 7 October: Imperial Brands, Arla Foods, Diageo
Imperial Brands has launched a £1bn share buyback programme to reward shareholders.
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NewsTree of Life and Health Store suppliers £20m out of pocket following collapse
Hundreds of suppliers have been left almost £20m out of pocket by the collapse of Tree of Life and sister distributor The Health Store, with a number of start-ups struggling to survive the fallout
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NewsCity snapshot: Imperial Brands launches £1bn share buyback scheme
Tobacco player Imperial Brands has announced the launch of a multi-year share buyback programme, with the intention of buying back £1bn shares by the end of September 2023. Plus a trading update from Diageo and all the rest of the latest news from the City.