All Finance articles – Page 344
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NewsBrexit uncertainty pushes retail sales to ‘new record low’ in September
UK retail sales slumped 1.3% in September, crumbling to a “new record low” for the month
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NewsVite raises £175k to launch nootropics snack bar range
Functional nutrition startup Vite plans to use the cash to support NPD and marketing initiatives
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NewsFmcg suppliers hit hardest by ‘perfect storm’ of Brexit uncertainty
Manufacturers had been forced to stockpile both raw materials for production and finished goods
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NewsSales surge £7m at Liberty Wines
Revenues hit £75m at the supplier for the year ending 31 March 2019, latest results reveal
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NewsCity snapshot: Unilever vows to halve plastics use by 2025
Unilever has pledged to halve its use of virgin plastics by 2025 to cut its use of plastic packaging by more than 100,000 tonnes. Plus, Tesco Bank appoints financial services veteran Sir John Kingman to its board, Lidl to open ten Manchester stores, a new chairman at McBride and all the rest of the latest news from the City.
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NewsMedia Bites 7 Oct: John Lewis Partnership, Unilever, Tesco
The John Lewis Partnership’s next chair, Sharon White, must trigger a fundamental review of the ‘Never Knowingly Undersold’ slogan and consider closing some stores
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Comment & OpinionJohn Lewis has lost its way. Is the restructure a route to salvation?
As incoming chairman Sharon White is about to find out, hybrid food/GM businesses are notoriously tricky to unite
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NewsScottish Spar operator CJ Lang returns to growth
The 100-year-old business reported a 56% growth in underlying profits for the year to 30 April 2019
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NewsBooker Best Food buy bolsters sales by £1bn
The Bidfood logistics business was acquired for a nominal sum
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NewsRob Collins and Wim Van Aalst are first casualties of John Lewis Partnership cull
Waitrose MD Rob Collins and supply chain boss Wim Van Aalst are first of 75 senior executives to face axe in JLP restructure
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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