All Finance articles – Page 345
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NewsCity snapshot: John Lewis profits drop 23% amid writedowns and bonus cut
The John Lewis Partnership has reported a 23% plunge in underlying pre-tax profits while taking a writedown of over £100m on its John Lewis store estate and cutting its staff bonus to 2%. Plus, updates from Domino’s Pizza, Total Produce, Origin Enterprises, PureCircle and all the rest of the latest news from the City.
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NewsMedia Bites 5 March: Tesco, John Lewis/Waitrose, Intu
Tesco is to price-match Aldi on hundreds of branded and own-label goods in a sign of growing confidence in its ability to win back customers from the German-owned discounters.
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NewsTesco to begin price matching Aldi across hundreds of products
The campaign includes both own label and branded goods and will also apply to products ordered online at Tesco.com
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NewsUS trade deal could ‘do more harm than good’ to UK economy
More than three quarters of the global supply chain managers surveyed expressed concern that the government will sacrifice food standards and worker protections
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NewsSupermarkets sell out of hand sanitiser amid coronavirus panic-buying
Tesco, Asda, Sainsbury’s, Morrisons and Waitrose currently have no hand sanitiser SKUs available to buy online
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NewsGreggs hints at expanding concessions across big four grocers
CEO Roger Whiteside said today that if the new trial with Asda was a success, other supermarket rivals may be interested
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NewsCoronavirus threatens British pork production as China exports collapse
With exports to China dwindling since the outbreak of Covid-19, supplies are piling up in British warehouses
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NewsCity snapshot: DS Smith delivers ‘robust’ Christmas performance
FTSE 100 packaging giant DS Smith said it had delivered robust performance since 1 November despite macro-economic uncertainty. Plus, Devro falls to loss amid factory writedowns and all the latest news from the City.
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NewsMedia Bites 4 March: Greggs, Grocery market share, Reckitt Benckiser
The popularity of vegan sausage rolls has resulted in record profits for Greggs, but the bakery chain said yesterday that stormy weather had depressed sales last month as it raised concerns about the impact of the coronavirus outbreak.
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NewsTesco reissues 600,000 Clubcards following online scam
The supermarket said it had discovered attempts by fraudsters to use usernames and passwords stolen from other platforms
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NewsHenderson Foodservice reports 23% surge in sales
MD Cathal Geoghegan attributed the rise to acquisitions and organic growth
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NewsGreggs hails ‘exceptional’ year but New Year sales slow
Greggs has posted a jump in annual sales and profits following an ‘exceptional’ year for the food to go chain, but admitted it has seen a ‘significant’ slowdown in sales in February due to stormy weather.
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NewsCity snapshot: Supermarkets enjoy green shoots of recovery in February
UK supermarkets saw the ‘green shoots’ of recovery in February, with small but positive growth in as total till sales improve to 0.7% in the last four weeks, according to Nielsen, and the strongest growth since November in the Kantar figures.
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NewsMedia Bites 3 March: Coronavirus, Tesco, Just Eat Takeaway.com
British supermarkets have drawn up “feed the nation” contingency plans that would help the country cope with any panic-buying brought on by a sudden escalation of the coronavirus outbreak.
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NewsMarket crash creates 'buying opportunity' for UK supermarket stocks
Heavy share price falls across global stock markets have created a buying opportunity for undervalued UK supermarket stocks, according to broker Bernstein.
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Comment & OpinionThe coronavirus outbreak proves we can’t put all our faith in food imports
An adviser to the Chancellor has claimed the food sector isn’t ‘critically important’ to the UK – but we mustn’t turn to 100% imported food
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NewsPoundland to introduce frozen and chilled food ‘shops in shops’ to 60 more stores
Poundland’s frozen and chilled offering had already been extended from the initial five to a further two
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NewsSupermarkets ‘face panic buying and stockpiling’ as coronavirus fears escalate
The prime minister chaired an emergency Cobra meeting this morning to draw up plans to try to slow the spread of the virus
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NewsRed diesel ban could have ‘devastating’ impact, warn hauliers
Red diesel is used in the cold chain to run refrigeration systems on more than 50,000 trucks and lorries
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NewsWaitrose ramps up online offer as Ocado split date approaches
The retailer has added its Waitrose.com online delivery service to 24 more of its shops