All Finance articles – Page 504
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NewsTesco ups banana price as import costs soar
Tesco’s unit price for bananas is now the highest it has been since April 2015
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Comment & OpinionDoes zero-based budgeting work for fmcg? The jury is out
There is nothing wrong with ZBB in principle. But it is not a silver bullet, says The Grocer finance editor Alec Mattinson
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Analysis & FeaturesOC&C Global 50: M&A lever yet to be pulled
Forecasts of 3G Capital’s rivals reacting to its deal-making with large-scale consolidations of their own have come to very little as Global 50 M&A slumped last year
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Analysis & FeaturesOC&C Global 50: Tobacco's lessons for the fmcg industry
It comes as little surprise that tobacco is the again the standout performer in the fmcg universe - what lessons can the rest of the industry’s learn from tobacco’s enduring success?
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Analysis & FeaturesOC&C Global 50: Commodities provide bottom line solace
The headline growth picture for the Global 50 is unremittingly grim, but there was some solace for the world’s biggest fmcg suppliers when it came to the bottom line.
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Analysis & FeaturesOC&C Global 50 2017: Can zero equal hero?
Is zero-based budgeting (ruthless cost cutting) the required method for boosting margin now?
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NewsGlobal fmcg giants see sales fall for first time since 2003
Sales across fmcg’s 50 biggest players dropped by 0.7% in 2016, the first drop since 2003, the latest OC&C/Grocer Global 50 report reveals
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NewsMedia Bites 7 July: OC&C Global 50, Reckitt Benckiser, ABF
Mergers and acquisitions among the world’s 50 largest consumer companies fell sharply last year, as political uncertainty depressed dealmaking in a sector, writes the Financial Times on this year’s OC&C/Grocer Global 50 report.
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NewsNorthern Bloc to ramp up production with growth funding
Since launching its first ice cream from a vintage van at Leeds Trinity Kitchen in 2014, Northern Bloc has grown rapidly and is on course to generate turnover of more than £1m this year.
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NewsMedia Bites 6 July: Ocado, Booker, Tesco Clubcard
Ocado’s latest results are picked up by the papers this morning, alongside the first-quarter update from Booker.
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NewsCity snapshot: Reckitt warns sales to fall after cyber attack disrupted orders
Dettol and Durex maker Reckitt Benckiser warned its sales have been hit by the global cyber attack that struck companies across the world last month. Plus, a better-than-expected Q3 for ABF; a new CEO at Just Eat; an quarterely update from cider maker C&C; forecourt Applegreen makes its first big move in the US; and Eagle Eye renews Asda contract.
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NewsOcado: Amazon-Whole Foods deal to 'drive partnership demand'
CEO Tim Steiner insists the bricks-and-mortar tie-up will drive other retailers to develop an online presence
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NewsOcado half-year results: what the analysts say
The expert take on the rise in sales versus downturn in profits
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NewsCanny secures £100k from the crowd to reformulate and target big four listings
Canny plans to use the cash to launch a reformulated version of its chocolate milkshake sweetened with agave and to target supermarket listings.
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NewsApplegreen gets go-ahead for Topaz Energy deal
Ireland’s compeition watchdog finds 50% stake won’t substantially lessen competition
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NewsMedia Bites 5 July: Sainsbury's, Superdrug, Tesco Bank, Worldpay
Sainsbury’s positive first quarter results draws plenty of attention as the supermarket continued its pursuit of Nisa; Superdrug benefitted from the Kardashian effect as sales and profits soared, Tesco Bank CEO Benny Higgins is stepping down after a decade in charge; and Worldpay shares soar as it reveals advances from two US suitors.
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NewsCity snapshot: Ocado profits tumble as it continues to invest in growth
First-half sales at Ocado rose 12.5% to £713.8m but profits at the online grocer fell almost 20%, basket sizes continued to decline and the debt pile ballooned. Plus, Booker updates on its first quarter ahead of AGM, and grocery inflation continues to rise, according to the BRC-Nielsen shop prices index.
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Comment & OpinionSainsbury’s hasn’t taken its eye off the grocery ball. But will Nisa prove a distraction?
What a difference a quarter makes. One analyst described Sainsbury’s performance as “little short of a Lazarus moment” so should it now focus on its core business?
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NewsInnocent back in the black as exports make up majority of total sales
Innocent also bounced back into the black in 2016, with profits of £8.5m compared with a £700,000 loss in the previous year as it increased investments in European markets and NPD.