All Finance articles – Page 345
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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 ...
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NewsJam and chutney maker Rogue seeks £150k for national expansion
Rogue has already gained listings in Sainsbury’s and Ocado
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NewsDr Oetker snaps up specialist baking business Cake Craft World
The acquisition was completed for an undisclosed amount
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NewsPoundland parent renamed ‘Pepco Group’ amid major growth drive
The group wants to increase its store estate to 4,000 across the UK and Europe
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NewsThe Saucy Affair turns to the crowd for full brand relaunch
The fresh sauce startup is looking to raise £350k to fully relaunch the brand with a new name and look
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NewsPudology to vanish from chillers as brand prepares for liquidation
It follows months of struggling to recoup volume losses after Sainsbury’s delisted the free-from brand
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NewsCity snapshot: Farmdrop promotes CFO Herrin to CEO to deliver on ‘huge opportunities’
Local farm-to-consumer food delivery service Farmdrop has promoted CFO Eleanor Herrin to the role of chief executive officer. Plus, a look ahead to the rest of the week’s events and all the rest of latest news from the City
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NewsMedia Bites 30 Sep: Sainsbury’s, Poundland/Pepco, Tesco
Sainsbury’s has warned suppliers that they will be left to face the bill in the case of higher no-deal tariff costs.
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NewsBurton’s makes return to growth as sales of sweet biscuits rise
Burton’s returned to growth in 2018, with sales up 1% to £235m
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NewsBirds Eye UK sees second year of sales growth but profits tighten
The frozen food manufacturer posted revenues up 5.9% to £431m for the year ending 31 December 2018
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NewsCity snapshot: Müller posts further significant UK losses in face of ‘broken’ market
Müller’s UK & Ireland business has slumped to another significant annual operating loss, on the back of challenging conditions in the liquid milk category.