All Finance articles – Page 354
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NewsCity snapshot: Hotel Chocolat sales jump 14% on new openings
The UK premium chocolatier has reported double-digit sales rise in the first half, boosted by new openings in the UK, US and Japan
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NewsMedia Bites 23 Jan: Sainsbury’s/Mike Coupe, Agriculture overhaul, Retail jobs
The news of Sainsbury’s CEO Mike Coupe’s retirement came with little surprise as his job had been on the line since the failed Asda merger last year
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NewsBritish Honey rescues The London Distillery out of administration
The acquisition was part of British Honey’s “ambitious” growth plans, which will see the two companies ranges joined into one portfolio
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Comment & OpinionWhat challenges face the new bosses at Sainsbury’s and Tesco?
As the Lewis and Coupe era comes to an end, the rollercoaster of UK retail rumbles on
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Analysis & FeaturesMike Coupe retires: his milestones as Sainsbury’s CEO
After six years at the helm, Mike Coupe has announced his retirement. Here we look back at his biggest milestones
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Analysis & FeaturesMike Coupe steps down: analyst reaction
Here’s what the analysts have to say on the news of Mike Coupe’s retirement this morning
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NewsSainsbury’s slashes hundreds of management roles in Argos integration
CEO Mike Coupe said the senior leadership team had been reduced by more than 20% since the start of the financial year in March 2019
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NewsSainsbury’s CEO Mike Coupe to retire, replaced by Simon Roberts
Sainsbury’s CEO Mike Coupe has announced his intention to retire in May, when he will be replaced by current retail and operations director Simon Roberts
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NewsMedia Bites 22 Jan: Sainsbury’s, Aldi, Deliveroo
Sainsbury’s is poised to axe hundreds of managers in a cost-cutting drive at the supermarket chain.
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NewsAvara sales top £1bn but profitability hit by labour and integration costs
The poultry giant saw turnover rise to £1.14bn, according to its latest accounts, with pre-tax profits at £13.7m
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NewsShopping centre owner Intu appeals to shareholders to reduce debt
The owner of some of the UK’s biggest shopping centres is asking shareholders for more cash to help tackle nearly £5bn in debt.
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NewsAldi to become UK’s top paying supermarket with basic rate boost
Aldi store employees will receive a minimum hourly rate of £9.40 nationally and £10.90 inside the M25 from 1 February
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NewsScottish Spar operator CJ Lang hails strong Christmas sales
The business pointed out the results were particularly positive given it enjoyed a strong festive period the previous year
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NewsDrop Drinks turns to the crowd to fund soft drinks range expansion
The startup, which produces soft drinks and mixers inspired by traditional British sweets, is looking for £80k to fund the launch of three additional flavours
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NewsCity snapshot: SSP Group’s first quarter sales grow as it buys Germany’s Station Food
Travel food specialist SSP Group has had a “robust” start to its financial year and announced the acquisition of German travel catering business Station Food. Plus, Aldi raises pay for staff to maintain its position as the UK’s highest-paying supermarket and all the rest of the latest news from the City.
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NewsMedia Bites 21 Jan: FeverTree, Itsu, Stock Spirits
Fevertree is being tipped as a potential bid target after a warning over poor Christmas trading sent its shares tumbling by more than a quarter.
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NewsSocial entrepreneur Natalie Campbell named as new Belu CEO
She will replace outgoing CEO Karen Lynch from 1 March
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NewsNon-alcoholic craft brewer Big Drop to seek £1m in crowdfunding
The brand claimed its turnover was ‘edging towards £1m in 2019’
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NewsFeverTree shares crash on profits warning
FeverTree Drinks has warned its annual performance is due to fall “below expectations” despite guiding for a near 10% sales increase.
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NewsMedia Bites 20 Jan: Premier Foods, Which?, Retail sales
Premier Foods enjoyed a Christmas sales boost, Sainsbury’s was crown by Which? as the cheapest supermaker of 2019 and retail sales slumped marking the worst performance since records began