All Finance articles – Page 163
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NewsMedia Bites 7 July: Petrol pricing, Sainsbury’s, tax-free shopping
The governor of the Bank of England has accused retailers of putting further strain on households by overcharging consumers on petrol
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NewsTonic Health launches with Walmart supported by six-figure crowd investment
The gummies are made without any sweeteners or artificial ingredients, and use beetroot fibre instead of sugar as a primary ingredient
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NewsCity snapshot: Virgin Wines signs strategic partnership with WH Smith
Online wines supplier Virgin Wines has agreed a new strategic partnership with WH Smith to supply its travel stores.
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NewsMedia Bites 6 July: Asda, Waitrose, Diageo
Asda has been summoned to appear before MPs again after “discrepancies” emerged over its fuel pricing strategy and “unclear” fire-and-rehire policy.
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NewsMeatless Farm administration report lifts lid on collapse
Meatless Farm owed creditors more than £2m when it collapsed last month, according to a report, which also revealed how much vegan rival VFC paid to rescue brand
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NewsKitwave begins construction of 80,000 sq ft warehouse in south west
Construction of the new distribution centre, which is located two miles outside Newton Abbot, is expected to be completed by quarter three of 2024
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NewsMedia Bites 5 July: Sainsbury’s, Morrisons, M&S
Food inflation is starting to fall but will not return to levels seen before the start of the cost of living crisis, the boss of Sainsbury’s has warned
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NewsCity snapshot: Supreme upgrades profit forecasts as it strikes ElfBar distribution deal
Vape manufacturer Supreme has significantly upgraded its profit expectations for its 2023/24 financial year. Plus, Science in Sport chairman John Clarke is stepping down after nine years
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NewsSainsbury’s has ‘zero complacency’ on food inflation, says CEO Simon Roberts
Roberts admitted the supermarket was concerned over perceptions the sector was profiteering from the cost of living crisis
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NewsCity snapshot: Return to grocery volume growth boosts Sainsbury’s sales
Sainsbury’s has posted first quarter like-for-like growth of 9.8% as pricing and a return to grocery volume growth boosted revenues.
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NewsMedia Bites 4 July: Fuel prices, Unilever, plant-based, low & no
The CMA’s report on supermarket price practices at the forecourts makes headlines in this morning’s papers.
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NewsPricecheck export sales exceed pre-Brexit levels
The Sheffield-based business, which sells to more than 100 countries worldwide, achieved growth of 44% in export sales in the financial year to 30 April 2023
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NewsHeather Mills picks up Plant & Bean meat alternatives factory from administration
Mills – the founder of plant-based group VBites – purchased the Lincolnshire factory and associated equipment from administrators at Interpath for an undisclosed sum
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NewsMedia Bites 3 July: Tesco, M&S, Sainsbury’s
Tesco has drafted in City heavyweight Gerry Murphy as its next chair to replace John Allan
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NewsCity snapshot: Tesco confirms appointment of Tate & Lyle chairman to replace John Allan
Tesco has appointed Gerry Murphy as its new chairman to replace scandal-hit John Allan. Plus, shares in Science in Sport have been suspended, and Eagle Eye to enhance Morrisons loyalty offering following contract win.
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NewsWalgreens Boots Alliance shares slump on slashed forecasts
The group slashed its full-year guidance due to performance being hit by a slowdown of pharmacy sales post-Covid
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NewsVibrant Foods undertakes refinancing after heavy losses
World foods specialist Vibrant Foods has undertaken a multimillion-pound refinancing after ’operational challenges’ resulted in the group falling to significant losses.
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Analysis & FeaturesWhy would Amazon want to buy Ocado?
Continued losses dog the group, but Ocado could make a valuable prospect for a big player seeking automation and online grocery dominance
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NewsCity snapshot: Fitch affirms Tesco’s investment grade debt rating
Fitch Ratings has affirmed Tesco’s investment grade debt rating, citing its ‘strong market position in a highly competitive core UK market’.
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NewsMedia Bites 30 June: B&M, WH Smith, artificial sweeteners
Discounter B&M European Value Retail has reported “strong profitable trading momentum” as it continues to benefit from shoppers seeking out bargains in the cost of living crisis