All Finance articles – Page 4
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NewsChristmas trading: which listed supermarket won the golden quarter?
The City was preparing for the worst from this week’s raft of festive grocery trading updates, but supermarket shares largely held firm after a Christmas that left the big players bruised but not beaten
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Automation boosts profits at Riverford Organic Farmers
Vegetable box delivery service Riverford Organic Farmers has posted a surge in annual profits as investment in automation boosted margins.
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Sales and profits slump at Tyrrells as turnaround efforts continue
Tyrrells suffered a sharp drop in sales and profitability in the financial period that saw German snacks giant Intersnack snap up the crisps brand.
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Valeo Foods sales set to break the billion mark following acquisition spree
The company claimed it had hit the €1bn sales mark following the acquisition of Kettle and Matthew Walker
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UK will keep ban on chlorinated chicken, promises Villiers
Theresa Villiers has promised chlorine-washed chicken and hormone-treated beef will not enter the UK as part of a US trade deal, in a seeming correction to an earlier statement made this week.
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City snapshot: Lidl outpaces rivals with festive sales up 11%
Lidl saw sales rise by a whopping 11% in the run up to Christmas, outpacing all other grocers - including Aldi
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Media Bites 9 Jan: Tesco, John Lewis, M&S
Tesco emerges as Christmas winner among retailers, John Lewis mulls axing its bonus after over 50 years as “golden girl” boss leaves and M&S Clothing Unit continues to struggle
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Vegan brand LoveRaw secures multimillion investment from Beyond Meat backers
The vegan buttercup maker has received a ‘seven-figure’ investment from Blue Horizon Ventures
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Supermarket fruit & veg price hike urged as growers face ‘bleak’ profit outlook
Suppliers have warned of tightening margins in 2020 after poor weather and increased labour costs
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Waitrose results: Charlie Mayfield hails booming online sales
The JLP chairman said he hoped 2020 would be a year of “dramatic growth”
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Tesco Christmas sales edge up despite ‘subdued’ market
Tesco boss Dave Lewis today claimed Christmas saw the “best operational performance” he had seen since he joined the supermarket in 2014. Plus, on a hectic morning, festive grocery sales rise for Waitrose and M&S, trading updates from Naked Wines, Nichols, Hilton Food Group, Mitchells & Butlers and all the rest of the latest news from the City.
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Media Bites 9 Jan: Sainsbury’s, Greggs, Boots
Argos lets down Sainsbury’s “upbeat” performance in grocery, Greggs shares bonus with staff after “exceptional” year while UK retailers suffer ”worst year on record” with sales sliding 0.1%
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UK retail sales suffer ‘worst year on record’ in 2019
2019 marked the first year to show overall decline in retail sales
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Real Handful smashes crowdfunding target to launch savoury trail mix range
The healthy snacking startup took to Crowdcube this week
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Vegan brand This secures multimillion cash boost to keep up with “fake meat” demand
The meat alternative startup raised millions from strategic venture capital investors
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Comment & Opinion
Just Eat is hungry to take a bigger bite out of the food delivery market
Just Eat shareholders have until Friday lunchtime to decide between two offers – from Takeaway.com and Naspers’ Prosus
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Sainsbury’s posts positive Christmas results after ‘upping its game’
CEO Mike Coupe said the supermarket had become more competitive on price and grown its premium Taste the Difference range over the past six months
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City snapshot: Sainsbury’s Christmas grocery growth mitigates Argos decline
Sainsbury’s has posted a decline in like for like retail sales in its crucial third quarter. Plus, Greggs has posted another quarter of strong organic growth to take its full year sales up 13.5% year-on-year while committing to pay staff £7m and all the rest of the latest news from the City.
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Media Bites 8 Jan: Morrisons, Grocery market share, Poundland
Cautious shoppers, heavy discounting and a decision to shun Black Friday triggered a fall in sales at Morrisons
