All Finance articles – Page 423
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NewsCity snapshot: Starbucks' third quarter to undershoot expectations
Starbucks has announced new sales forecasts for its third quarter trading significantly below analysts’ expectations. Plus, Dairy Crest boss Mark Allen’s pay doubled last year to £2.6m and all the rest of the latest news from the City.
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NewsMedia Bites 20 June: Asda/Sainsbury's, Carbon dioxide, Dairy Crest
MPs have been warned that the £12 billion merger of J Sainsbury and Asda could have “unintended consequences” that will hit British farmers and smaller suppliers hard.
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NewsUK braced for fizzy drinks shortages as suppliers scramble for CO2
A Europe-wide shortage of CO2 is hitting production of carbonated drinks, with sources describing the situation as a ‘mad scramble’ and ‘a perfect storm’
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NewsNew logistics deal for Morrisons and DHL to create 500 jobs
The supermarket has awarded a contract for DHL Supply Chain to manage its wholesale logistics operations for six years
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NewsNestlé to build £55m UK logistics warehouse
Nestlé is investing £55m into creating a state of the art logistics warehouse in the UK, which it claims will be one of the most advanced distribution centres in the world.
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NewsMedia Bites 19 June: Sainsbury's/Asda, Ocado, Deliveroo
The proposed £7.3bn merger of supermarkets Asda and J Sainsbury could endanger competition, encourage price co-ordination and result in suppliers charging higher prices to smaller retailers.
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NewsWilliam Jackson swoops for food service ingredients specialist Wellocks
William Jackson Food Group has further built its food service portfolio with the acquisition of ingredients supplier Wellocks.
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NewsM&S new chief finance officer to join in July
Singer will be working closely with CEO Steve Rowe and the senior leadership team as they continue to accelerate the pace
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NewsCMA responses to Sainsbury's-Asda deal reveal widespread concerns
It is understood the authority received around 30 responses from individual accompanies and a raft of trade bodies, most of which are believed to have been hostile to the deal
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NewsTesco chairman pledges more diverse board
‘We aren’t there as fully as we need to be’ on diversity, John Allan has said
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NewsCity snapshot: Coca-Cola mulls £3bn swoop for GSK’s Horlicks
Coca-Cola is reported to be one of the clutch of multinational fmcg firms lining up to bid for Horlicks after GlaxoSmithKline decided to sell the 145-year old business. Plus, packaging firm DS Smith posts strong rise in sales and profits, Heineken to invest £40m in UK pubs and all the rest of the latest news from the City.
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NewsMedia Bites 18 June: Poundworld, Tesco, Sainsbury's, Iceland
Private equity shows how to make a dog’s dinner on the high street, writes The Times (£), citing Poundworld, Prezzo, Debenhams in the list of businesses that have confounded the buyout barons.
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NewsFarmdrop secures £10m in funding to expand across UK
This brings the total raised by Farmdrop to over £20m since its launch in 2014
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NewsCidermaker Thatchers' sales rocket 17% to grow profits
The manufacturer of Thatchers Gold and Thatchers’ Haze brands hit sales of £84.9m on the back of increased marketing investment
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NewsSainsbury's letter promises suppliers great opportunities
Sainsbury’s letter to suppliers promises ‘opportunity to streamline’ and to develop differentiated product ranges
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NewsRejuvenation Water seeks £150k investment from crowd
The drinks company, which has focused on health-driven consumer trends with the high protein drink, has returned to the cr…
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NewsPukka Herbs' losses mount despite 28% jump in annual sales
Revenues continued to soar at organic herbal tea brand Pukka Herbs, but losses mounted in the year leading up to its acquisition by Unilever.
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NewsConviviality Retail unsecured creditors owed £31m at time of collapse
The retail arm of stricken alcohol business Conviviality went into administration with unsecured creditors of £31.3m, newly released documents have revealed.
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NewsBooths abandons sale plan in favour of driving recovery
The chain, which has 28 stores, appointed investment bank Rothschild in November to examine options including a sale
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Analysis & FeaturesPoundworld: as rivals flourish, what went wrong?
In a year punctuated by high street insolvencies, the biggest so far in job loss terms loomed this week as Poundworld appinted administrators