All Finance articles – Page 539
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NewsMedia Bites 12 October: Booths/Amazon, Bakkavor, 2 Sisters, Unilever
Amazon expanding its UK grocery delivery with the ‘Waitrose of the North’ grabbed the attention of the papers.
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NewsCity snapshot: Healthy first half for Booker as it awaits CMA verdict on Tesco merger
Profits at Booker leapt 9% in the first half as the wholesaler increased revenues by 2.5% to £2.6bn despite a declining tobacco market. Plus, the travel arm of WH Smith overtakes the high street for the first time as the retailer announced full-year results; and the CMA gives the green light to Just Eat for the £200m takeover of Hungry House
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NewsCostcutter owner Bibby Line Group plunges to £66m pre-tax loss
Costcutter owner Bibby Line Group has plunged from an annual profit of £30m to a pre-tax loss of £66m amid turmoil in its oil and gas-focussed offshore division.
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NewsOverhang hits £150k crowdfunding target
It has raised £153,000 from 237 investors on the Crowdcube platform in return for 5.8% equity, valuing the business at about £2.5m.
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NewsWestons Cider doubles bottling capacity with £1.5m funding package
Westons Cider has invested in new bottling technology to double its production capacity after securing a £1.5m bank funding package.
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Comment & OpinionThe future's functional
Ingredients companies supply the unseen ‘intel inside’ that can make or break brands and play a key role in innovation
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NewsBooths heads south with listing on AmazonFresh
Hundreds of products will be available on Amazon’s online grocery site, which services 302 Southern postcodes
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NewsOnline grocery market set to grow over 50% by 2022, predicts IGD
The rise of omnichannel shoppers is due to take sector’s value from £10bn to £16bn…
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NewsDiscounters driving growth at out-of-town shopping centres
New research by Savills shows a boom in the location of discounters and other value stores at out-of-town locations….
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NewsCity snapshot: P&G denies activist investor Trian a board seat in proxy battle
Procter & Gamble looks to have successfully fended off the attempt by activist investor Nelson Peltz to win a seat on the consumer giant’s board after one of the biggest ever proxy battles witnessed in the US
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NewsMedia Bites 11 October: Nisa/Co-op, Bakkavor, Tesco, P&G, HelloFresh
Nisa recommends £143m Co-op takeover to members; Bakkavor unveils plans to float in London; the Tesco trial continues; and P&G fends off activisit investor.
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NewsTesco shakes up commercial team with changes to buying
The retailer says it wants to create greater strategic and longer-term deals with fresh food suppliers
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NewsDiageo to resurrect 'lost' single malt distilleries with £35m cash injection
The spirits giant is poised to reopen distilleries in Brora, Sutherland, and Port Ellen, Islay…
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NewsDavid Stead joins Majestic Wine as non-executive director
The former CFO of home furnishings retailer Dunelm and finance director at Boots will take up the role next month
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NewsCo-op’s £143m bid for Nisa to be put to the vote by members
It’s up to members now to decide as Nisa recommends Co-op’s offer
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NewsCity snapshot: Bakkavor kicks-off £100m London float
The UK’s biggest ready meals supplier Bakkavor has announced its intention to raise £100m by floating a portion of its shares on the London Stock Exchange. Plus, higher food prices drive up September retail sales according to BRC/KPMG, Marton’s updates the market on full-year performance and all the rest of the latest news from the City
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NewsMedia Bites 10 October: Retail sales, Diageo, Amazon
The chances of the first rise in interest rates in more than a decade have grown after Britons shrugged off economic uncertainty to hit the high street in September, writes The Times.
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NewsMorrisons liable for data breach say staff in High Court action
Employees are seeking to prove that Morrisons was liable for the huge data breach in 2014 by Andrew Skelton
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NewsBarfoots sales up 18.8% but Brexit hits bottom line
Fast-growing vegetable producer and importer Barfoots of Botley saw sales rise a further 18.8% last year, but profits were hit by Brexit-related cost rises and the weak pound.
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NewsDX Group shores up cash position with 'critical' £24m loan
Gatemore Capital Management, which owns 23.8% of shares in the company, has loaned the company £11.05m