All Finance articles – Page 396
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NewsMedia Bites 18 June: Alibaba, Black Sheep Coffee, Beyond Meat
Alibaba will hive off its fresh groceries business, Freshippo – known as Hema in Chinese – into a stand-alone business as part of a shake-up of its business units and top executives
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NewsBlack Sheep Coffee raises £13m to fund global expansion push
Independent coffee chain Black Sheep Coffee has raised £13m new funds from private investors to back its global expansion across Europe, Asia and the US.
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NewsBusiness rates reform bill ‘not drastic enough’ warn experts
A number of Conservative leadership hopefuls have pledged to scrap business rates for high street SMEs
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NewsSuperdrug profits slide amid ‘challenging’ conditions
Warm summer weather and growing sales of vegan goods drove a rise in annual revenues at health and beauty chain Superdrug last year, but profits fell back amid “challenging times” on the high street.
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NewsMedia Bites 17 June: Patisserie Valerie, Retail CVAs, Brexit
Patisserie Valerie’s new owner has laid bare the desperate state of the business it bought in January.
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NewsCharlie Bigham’s sales jump but profits slip into the red
Upmarket ready meals supplier Charlie Bigham’s has posted a £9.3m jump in annual sales in its most recent financial year, but investment in growing capacity sent the company into the red.
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Analysis & FeaturesCity uncertain over Tesco’s ‘strong’ start to 2019
Tesco CEO Dave Lewis declared the retailer had a “strong” start to the year, but weakening sales growth left some in the City wondering if its resurgence was beginning to slow.
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NewsMeat alternatives to dominate global market by 2040, claims report
It suggests just 40% of the meat sector will be made up of conventional meat products by 2040
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NewsMidcounties Co-op eyes 80 new convenience store openings
The society currently operates 160 c-stores and has so far opened eight new stores this year
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NewsPost-Brexit export plan targets growth in the US and China
The Department for International Trade has also identified India and the UAE as key territories to ramp up exports
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Comment & OpinionCould Amazon seriously be considering a Morrisons move?
Morrisons’ changed relationship with Amazon could mean much more than more direct access to customers
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NewsCity snapshot: UK readies US and China food export push
The US and China are being targeted in a major new government strategy to boost food and drink exports post-Brexit. Morrisons gains closer customer relationships through Amazon deal expansion, Charlie Bigham’s sees 19% growth but falls to a loss and all the rest of the latest news from the City.
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NewsMedia Bites 14 June: Tesco, Morrisons/Amazon, Majestic Wine
Tesco CEO Dave Lewis says the supermarket group faces challenges with soggy weather and consumer sentiment.
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NewsIceland reports 4.5% rise in sales as EBITDA falls back
Sales were boosted by a net increase of 43 stores
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NewsSpanish fine foods importer Mevalco doubles sales last year
A customer showroom and new kitchens are due to be completed in the autumn
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NewsMorrisons expands Amazon rapid delivery after relaxation of Ocado deal
Morrisons will gain more control as a retailer on Amazon’s site, rather than a wholesaler to the internet giant
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NewsDave Lewis warns of shortages in event of October no-deal Brexit
Tesco boss argued retailers will not have spare capacity due to Christmas planning
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Comment & OpinionBeyond Meat shows potential of plant-based but don't count out Nestlé
The addressable market for plant-based meat could be $140bn within a decade, says Barclays’ Warren Ackerman
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NewsCity snapshot: Tesco first quarter growth slows amid 'subdued' market
Tesco is continuing to outperform a “subdued” UK grocery market, as its first quarter like for like sales rose 0.8% in the UK and Republic of Ireland. Plus, Majestic Wine confirms “advanced discussions” over the sale of Majestic Retail and Commercial businesses, M&S rights issue undersubscribed, PZ Cussons trading update and all the rest of the latest news from the City.
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NewsMedia Bites 13 June: Morrisons/Amazon, Lidl, Reckitt Benckiser
Morrisons and Amazon say they will expand their same-day delivery service for groceries to Glasgow, Newcastle, Liverpool, Sheffield and Portsmouth.