All Finance articles – Page 156
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NewsMini budget slammed as missed chance to fix business rates
BRC CEO Helen Dickinson said retailers would have to pass the rising bill on to shoppers
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NewsGlobal 50 report shows strong growth for consumer giants
The globe’s consumer goods giants hit their highest growth levels for a decade last year amid a post-Covid resurgence according to the OC&C/Grocer Global 50
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NewsMedia Bites 23 September: Morrisons, Consumer confidence, Lidl
Trevor Strain, Morrisons’ chief operating officer and previously its finance chief, is reportedly close to finalising his departure
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NewsAston Manor sales and profits lose fizz in ’most difficult trading period in decades’
Chief executive Gordon Johncox said 2021 was “every bit as difficult, if not more so” than 2020.
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NewsCity snapshot: PZ Cussons suffers slowing Carex sales but profits beat expectations
Beauty group PZ Cussons has delivered ‘resliant’ financial performances in the fact of significant inflationary headwinds, with profits ahead of expectations as it minimised margin dilution
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NewsMedia Bites 22 Sep: M&S, Co-op, Eataly
Marks & Spencer is giving staff their second pay rise this year as part of a £15m cost-of-living support package
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NewsRed Bull multipack sales gives energy drinks brand wings as supermarket sales soar
Red Bull has grabbed a record share of the UK energy drinks market as it attracted new shoppers to the category and continued to benefit from demand for its take-home multipacks.
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NewsMedia Bites 21 Sep: Holland & Barrett, Haleon, Sainsbury’s
The owner of Holland & Barrett is plotting to buy back nearly £900m of debt as part of a restructuring aimed at restoring it to a stable financial footing
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NewsCity snapshot: Shoppers pull back supermarket spending to tackle cost-of-living crisis
Shoppers reined in spending at supermarkets following the end of the summer holidays, according to new research this morning. Plus, LXi REIT confirms talks with Sainsbury’s over £500m sale-and-leaseback deal, Tesco makes new board appointment, and full-year results from Supermarket Income REIT and Egale Eye Solutions.
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NewsCity snapshot: Haleon posts strong first half sales and profit growth after demerger
Former GSK consumer arm Haleon has posted double-digit growth in its first financial results as a listed company, although it expects growth to slow in the second half
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NewsMedia Bites 20 September: mini-Budget, McVitie’s, Ben & Jerry’s, Naked Wines
There’s plenty of retail news to catch up on from the weekend’s papers.
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NewsCity News: Naked Wines shares hit after unscheduled business update
Naked Wines has seen its shares tank this week after shocking the market with suggestions it would need to shift strategy to deal with falling consumer demand and rising costs
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NewsCity snapshot: UK retail sales slump as consumers cut back spending
UK retail sales volumes slumped by 1.6% in August 2022, continuing a downward trend since summer 2021 as inflation and economic uncertainty hits consumer spending
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NewsMedia Bites 16 Sep: John Lewis Partnership, THG, Hilton Food Group
John Lewis needs a Christmas miracle to pay staff annual bonus after the department store racks up near £100m half-year loss
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Comment & OpinionWaitrose needs to be brave and bold to stave off sales and profits decline
Waitrose shoppers are feeling the inflationary pinch, but James Bailey insists quality will out
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NewsPeckwater Brands acquires Honest Food Company from Delivery Hero
Virtual restaurant brand operator Peckwater Brands has expanded its reach with the acquisition of the Honest Food Company from German delivery service Delivery Hero.
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NewsConvenience store sales soar 4.6% to £45.2bn
ACS 2022 Local Shop report, which launched today, revealed that figure is set to grow further to over £48bn by 2025
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NewsM&A activity grinds to halt as fmcg industry battles soaring inflation
Dealmaking activity in the food and drinks industry looks set to return to lows not seen since the 2008 financial crash as rampant inflation led to a collapse in M&A over the summer.
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NewsCity snapshot: John Lewis Partnership plunges to £92m first half loss amid Waitrose slowdown
John Lewis Partnership has plunged to a £92m first half loss amid falling Waitrose sales and a wider slowdown of consumer spending. Plus, Hilton Food Group warns on second half performance, THG takes margin hit amid inflationary pressure and all the rest of the latest news from the City
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NewsMedia Bites 15 September: Obesity strategy, inflation, Naked Wines, Ocado
Liz Truss has launched a review of England’s anti-obesity strategy as part of a wider deregulation initiative that the new prime minister hopes will kick-start economic growth.