All Finance articles – Page 333
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NewsCity snapshot: Dave Lewis’s legacy on Tesco share price
During his five-year tenure, the City was not very generous towards Lewis despite evidence its efforts paid off
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NewsMedia Bites 4 Oct: John Lewis, PAI/Hain Daniels, Tomatoes
John Lews is seeking rent cuts from its landlords in a bid to cut running costs. The retailer told landlords in some locations it would withhold 20% of this quarter’s service charge, which covers heating and water on top of rent, because it had become too expensive. ...
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NewsPepsiCo’s third quarter revenues rise as it ramps up marketing
PepsiCo has reported a 4.3% increase in third quarter revenues, as ramped-up marketing spend boosted demand for its soft drinks and snacks
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NewsTesco acquires Best Food Logistics for ‘nominal sum’
Best Food Logistics last year announced a major long-term supply deal with Pizza Hut
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Analysis & FeaturesWhat should retailers be doing to prepare for a no-deal Brexit?
The BRC has published a list of actions retailers need to take to minimise disruption of a No Deal Brexit.
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Analysis & FeaturesAre you ready for a no-deal? Food & drink’s biggest Brexit questions answered
The Grocer seeks to answer some of the food and drink industry’s biggest questions around what will happen in the event of a no-deal
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NewsBargain World ceases trading after five months
The company’s two existing stores closed this week
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NewsCity snapshot: Imperial Brands CEO to step down
Alison Cooper, who has been at the helm of the tobacco giant for nine years, will step down as soon as a suitable successor is found
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NewsMedia Bites 3 Oct: Deliveroo, Tesco, Tariffs
Deliveroo has seen revenues jump 72% in 2018 but losses widened 17% to £232m as the ride haling app invested into new markets and competitiveness in challenging areas. Revenues came in at £476m but operating expenses surged to £349.4m from £106m the previous year (The Financial Times ...
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NewsBIB Wine seeks funding to open bag-in-box bar and shop
The startup is about to launch a crowdfunding campaign looking to raise £467k to open its first bag-in-box bar and shop
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NewsWhitworths sales continue to slide but operational losses improve
The business is now focused on shifting from being an ingredients-focused company to a healthy snacking firm
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NewsTesco CEO Dave Lewis to step down: analyst reactions
Tesco CEO Dave Lewis has announced he is to quit after five years at the helm. Here is how analysts and other experts reacted to the news
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NewsCity snapshot: Tesco CEO Dave Lewis to step down
“I believe that the tenure of the CEO should be a finite one and that now is the right time to pass the baton,” he said.
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NewsMedia Bites 2 Oct: M&S, John Lewis, Greggs
Source: Marks & Spencer Steve Rowe warned that Marks & Spencer’s turnaround is 18 months behind schedule At a meeting with analysts and investors, Marks & Spencer’s CEO Steve Rowe has admitted that the retailer’s turnaround plan for its clothing and home lines is 18 months behind ...
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NewsInnocent sales rocket amid European expansion
Innocent has posted further revenue growth last year, with sales rocketing to nearly £400m as health-conscious consumers flocked to buy its smoothies
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NewsHovis Holdings hails ‘solid year’ after £9.1m bakery sales boost
At group level, Hovis Holdings’ sales were £460.9m – a 2% decline on 2017
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NewsWaitrose MD Rob Collins to leave as part of major restructure
John Lewis and Waitrose will be managed and operated as one business by a single executive team
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NewsJohn Rogers exits Argos to take up top finance role at WPP
Rogers has spent 14 years at the retailer and had been seen as a potential successor to Sainsbury’s CEO Mike Coupe
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NewsCity snapshot: Greggs outlook unchanged as third quarter sales rise
Greggs posted another quarter of sales increase, while analysts predict Tesco’s interim sales to flatline amid strong comparatives and Brexit uncertainty
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NewsMedia Bites 1 Oct: Jamie Oliver, Waitrose, Red meat
Celebrity chef Jamie Oliver has received a £5.2m dividend payout from its restaurant chain despite falling profits and the collapse into administration of its UK arm. Across the wider Jamie’s Italian group, profits were down to £8m in 2018 from £14.7m due to costs associated with the ...