All Finance articles – Page 341
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Supreme Imports eyes standalone flotation for 88 Vape
MD Sandy Chadha told The Grocer it was mulling a pureplay float of its vaping business
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City snapshot: Supreme Imports considers standalone vaping float
Supreme Imports is considering floating its 88 Vape brand as a standalone business after returning to profit growth
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Media Bites 23 Aug: Ocado, Morrisons, Jamie Oliver
Ocado’s customer orders have been disrupted by another warehouse fire six months after a blaze destroyed its robot-controlled depot in Hampshire
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Lotus Bakeries launches incubator fund with Peter’s Yard investment
Belgium’s Lotus Bakeries, recent acquirer of snack brands Bear, Nakd and Kiddylicious, has launched an incubator fund and made another investment in the UK healthy snacking sector.
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UK retail sales crumble at fastest rate in over 10 years
CBI figures showed that, in the year to August, both retail sales volumes and orders fell at the fastest pace since December 2008
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Morrisons to close four stores, risking hundreds of jobs
The supermarket said the decision had been taken after a review of the performance of its existing estate
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Government faces backlash over ‘bamboozling’ Brexit immigration move
It has said it intends to bring an end to freedom of movement on Halloween in the event of a no-deal
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Home Counties newsagent Henderson’s falls into administration
Joint-administrator Michael Pallott said the creditor position was still under investigation
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City snapshot: Tesco threatens to ban products that use excessive packaging
Tesco chief executive Dave Lewis has pledged to ban brands that use excessive and hard to recycle packaging from its shelves. Ocado reports ‘small fire’ at its customer fulfilment centre in Erith and all the rest of the latest news from the City.
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Media Bites 22 Aug: Morrisons, Brexit Rationing, Tesco
’Foreign vultures’ could swoop on Morrisons after a share price slump and a fall in the pound left it vulnerable to a takeover
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Up to 50 jobs at risk as Müller mulls closure of Aberdeen depot
The move is part of the processor’s Project Darwin cost-cutting drive
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SugarSin plans second London store and international expansion
The business is aiming for three franchise stores in major international cities by 2023
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Manufacturing output stabilises following July slump
Manufacturing output stabilised in the three months to August, following a drop in July, the latest monthly Confederation of British Industry Industrial Trends Survey shows
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Media Bites 21 August: Grocery market share, Starship, Banana threat
Sainsbury’s has bounced back from the failure of its attempt to merge with Asda, latest industry figures from Kantar suggest.
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Fulfil Nutrition plots further UK expansion as Hershey buys in
Irish confectionery bar startup Fulfil Nutrition is planning to expand further into the UK market after securing a “significant minority investment” from confectionery giant The Hershey Co.
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General Mills CFO to retire amid leadership team reshuffle
The company said the changes reflected a “thoughtful and strategic approach to long-term growth and succession planning”
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Around Noon reports soaring sales of its Fruit Pots
The number of fruit pot units sold by Around Noon had increased more than 110% since 2017
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Sainsbury’s outperforms rivals in flat grocery market
Grocery sales flatlined in the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue to hamper food and drink sales growth.
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Media Bites 20 August: Greene King, Juul, Kraft Heinz/Mondelez
The papers have their say on the sale of Greene King to CK Asset Holdings of Hong Kong
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Greene King agrees £2.7bn takeover
Pub chain and brewer Greene King has agreed a £2.7bn takeover by a Hong-Kong listed international conglomerate CK Asset Holdings.