All Finance articles – Page 374
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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.
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NewsMedia Bites 27 Sep: Vaping crackdown, Kraft Heinz/Mondelez, Shop Closures
The US crackdown on vaping has wiped £7bn off the share price of The UK’s tobacco giants as panicked traders rushed to a sell-off the sector.
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NewsBurts Snacks sales jump 50% following popcorn acquisition and organic growth
Burts annual sales jumped in 2018 but the company swung to a pre-tax loss of £608k due to rising costs
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NewsBranston owner Mizkan Euro expects redundancies after losing key contract
Branston pickle and chutney maker Mizkan Euro has announced the loss of a “significant” private brand contract that will likely result in a programme of redundancies
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NewsRawtenstall Jack’s store to close and revert to Tesco
Rawtenshall has been trialled as a bulk-buy format, sparking speculation the chain could morph into a cash & carry-style proposition
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NewsImperial Tobacco warns of vaping crackdown hit on profits
Imperial Brands has warned investors that a “challenging” US market for vaping products and weaker than expected performance in its Africa, Asia and Australasia business will hamper full year revenue and earnings growth.
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NewsMedia Bites 26 Sep: Philip Morris/Altria, Sainsbury’s, Tesco/Jack’s
The $200 billion merger between two of the world’s biggest tobacco companies has been called off because of mounting regulatory scrutiny of the vaping market.