All Finance articles – Page 491
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NewsDamp weather slashes retail footfall in April
Retail footfall in April plunged by 3.3% year-on-year as the wet start to the month hit shopper numbers across the country, leading to the worst two-month figures since the depth of the recession in 2009.
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NewsMedia Bites: Poundworld, Walmart, Amazon, Waitrose
The US private equity owner of Poundworld has put the chain up for sale as TPG has hired accountancy firm Deloitte to find a buyer by the end of the month.
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NewsSimano Foods rescued from administration
Simano hired administrators after suffering “unforeseen losses” on a number of major contracts over the past year…
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NewsSainsbury's-Asda deal could bolster property market
Supermarket Income REIT said the deal would act alongside a reinvigorated Tesco to boost interest among big investors
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NewsCity News: Morrisons continues stellar recovery
Morrisons may be at risk of becoming the odd one out as the big four morphs into an effective duopoly, but the Bradford-based grocer continued its stellar recovery this week, suggesting it remains more than equipped to succeed on its own.
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NewsShort sellers cut losses after Sainsbury's/Asda tie-up
Publicly disclosed information by the FCA showed a total of 11.2% of Sainsbury’s shares were on loan before the announceme…
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NewsFood and drink deals down despite 'good M&A environment'
Levels of UK food and drink dealmaking slumped to their lowest since 2014 in the first quarter, but the environment remains conducive for more M&A in the sector, according to a Grant Thornton report.
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NewsEast London Liquor and Cotswolds smash crowdfunding targets
Two craft gin and whisky distilleries have exceeded their seven-figure crowdfunding targets to scale up and tap the UK’s growing thirst for craft spirits
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Analysis & FeaturesMadagascan vanilla prices past the peak
Panic over a vanilla shortage reached fever pitch this week
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NewsCity snapshot: Former Asda meat exec to take charge at Crawshaw
Butchery group Crawshaw has announced the appointment of former Asda meat executive Jim Viggars as CEO. Plus Heineken acquires a minority stake in the Belize Brewing Company, Nomad Foods reported first-quarter adjusted EBITDA up 16% and all the rest of the latest news from the City.
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NewsMedia Bites 11 May: Amazon/Morrisons, High streets, Walmart
Amazon could buy Morrisons, which already provides the online giant with food deliveries to UK customers using its Panty and Prime services, according to one industry analyst.
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Analysis & FeaturesHas the CMA painted itself into a corner with methodology?
Some claim the Tesco-Booker precedent leaves the authority ‘toothless’ – but will Sainsbury’s-Asda be waved through?
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Analysis & FeaturesNestlé and Starbucks join to form 'global coffee alliance'
Nestlé will pay $7.15bn (£5.3bn) for a ‘perpetual licence’ to sell Starbucks products outside the coffee chain’s stores
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NewsTesco CEO Dave Lewis’ pay up 17.5% to £4.9m
The annual pay packet of Tesco CEO Dave Lewis rose 17.5% last year to £4.9m as the award of shares worth £971k boosted his earnings.
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NewsCity snapshot: Morrisons trumpets ‘strong start’ to the year
Morrisons (MRW) has heralded “a strong start to the year” during which it became more competitive while delivering like-for-like sales of 3.6%. Plus, Tesco releases annual report, Coca-Cola HBC posts 4.5% first quarter organic growth and all the rest of the latest news from the City.
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NewsMedia Bites 10 May: Walmart/Flipkart, Greggs, Retail sales
Walmart has confirmed its agreement to by 77% of India’s largest online retailer, Flipkart, in a $16bn (£12bn) deal that puts the US giant head-to-head with Amazon.
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NewsCompass Group shares slide on profits drop
Compass Group has reported a “strong” first-half but subdued trading on the Continent offset good growth in the UK.
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NewsOcado unveils first robot picker at its Andover site
The retailer is on a path towards “100% robot picking” says technology chief
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NewsEngland to re-examine case for minimum alcohol unit pricing
The policy came into force in Scotland at the start of this month after five years of legal challenges
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Comment & OpinionHow will Nestlé and Starbucks' coffee deal affect the brands in the UK?
Nestlé’s existing premium coffee offering through Nespresso is unlikely to be affected - but there could be other opportunities for synergies, says Matt Lee of Capture