All Finance articles – Page 473
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NewsMPs to look at extending Adjudicator's powers
Efra committee called for the Adjudicator to be granted powers to prevent the supermarket giants “dominating” the grocery
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NewsCity snapshot: Majestic Wine back in the black despite “challenging” home market
Majestic Wine has posted a full year pre-tax profit of £8.3m after reported a loss of £1.5m last year as the improved performance of its Naked Wines business boosted the bottom line. Plus, PZ Cussons warns Nigerian economic troubles will hit profits, NWF Group reports year head of expectations and all the rest of the latest news from the City.
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NewsMedia Bites 14 June: Just Eat/Deliveroo, Inflation, Connect Group
‘Takeaway wars!’ is the headline in The Daily Mail as shares in Just Eat plunge 10% as Deliveroo launches bid to steal arch-rival’s fast-food customers.
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NewsProfits up at Fullers Frozen Food after 5.7% sales increase
Sales at Fullers Frozen Foods jumped up 5.7% to £285m in 2017 from £269m, driving up profits despite cost increases
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Comment & OpinionWhat the Carrefour deal tells us about Google's grocery ambitions
Unlike Amazon, Google’s play in the grocery scene is one of digital-enablement partner, not distribution supplier or direct competitor, argues Gracie Page of Y&R
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NewsAmazon aiming for 30-minute delivery times using drones
UK country manager Doug Gurr said the UK had the opportunity to “lead the world” in drone technology…
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NewsCity snapshot: CCEP faces rising costs due to UK sugar levy
Coca-Cola European Partners will today tell investors that revenue is growth for the year is expected to be in the “low-single digits” but that the recent UK soft drinks levy will add 4% to its costs. Plus, Deliveroo is to rapidly expand across the UK and increase its restaurant numbers by around 50% and all the rest of the latest news from the City.
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NewsMedia Bites 13 June: Sainsbury's/Asda, Deliveroo, BAT
A British parliamentary committee will question the CEOs of the Sainsbury’s and Asda ahead of their proposed combination
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NewsMPs to grill Asda and Sainsbury's chiefs over merger plans
The supermarket bosses will appear before the Environment, Food and Rural Affairs Committee next Wednesday
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NewsCasino announces €1.5bn of disposals
French hypermarket chain Casino hopes to raise €1.5bn through asset disposals to strengthen its balance sheet.
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Comment & OpinionFlurry of deals in petfood reflects category gentrification
Deals like Mars’ acquisition of AniCura show the gentrification of the petcare category has truly begun in earnest, says food & drink editor Daniel Selwood
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NewsVeg Power ad fund hits £100k crowdfunding target
The Food Foundation initiative to create a generic advertising campaign has hit its funding target
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News2 Sisters takes on hundreds of extra staff in expansion plan
Supplier will take on 300 new staff as it extends operations at its site in Willand, Devon
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NewsCity snapshot: Currencies weigh on first half earnings at British American Tobacco
British American Tobacco said its first half-year trading was in line with expectations but warned that currency exchange rates would inhibit growth. Plus, the latest on Poundworld’s plunge into administration and all the rest of the latest news from the City.
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NewsMedia Bites 12 June: Poundworld, Mars, Ocado
Poundworld has plunged into administration putting 5,100 jobs in jeopardy after efforts to secure a last-minute buyer failed.
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NewsDr Oetker profits fall 31% after cost increases
Frozen food supplier Dr Oetker has seen profits fall on the back of cost increases despite a 2.4% rise in sales
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Comment & OpinionColin Graves: ‘legend’ will be vital in steering Co-op through an uncertain future
It was always inevitable the Costcutter founder would be back, says news editor Ronan Hegarty
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NewsPoundworld collapses into administration
Talks with potential buyer RCapital collapsed over the weekend, putting around 5,100 jobs at risk
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NewsCity snapshot: Retail footfall returns to modest growth in May
Retail footfall continued to fall in May despite the hot weather, but showed a marked improvement from the footfall collapse of March and April. Plus, dairy exec joins the board of Produce Investments, a look ahead to events this week and all the rest of the latest news from the City.
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NewsMedia Bites 11 June: 2 Sisters, Asda/Sainsbury's, M&S
Chicken tycoon Ranjit Boparan is preparing to sell one of Britain’s oldest pie makers as he scrambles to rescue his business empire, writes The Times.