All Finance articles – Page 543
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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.
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NewsAldi readies €5bn European store revamp programme
The speculation comes amid fierce competition in the UK driven by the German discounter and rival Lidl, and the reported investment across Denmark, France and Benelux countries would mark its largest ever to date
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NewsBenny Higgins to step down as head of Tesco Bank
Higgins steered the bank through last year’s £2.5m cyber attack…
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NewsSainsbury's-Nisa deal 'risky' without McColl's renewal
Analyst says McColl’s is in “strong strategic position” as it contract with Nisa comes up for renewal.
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Analysis & FeaturesSainsbury's Q1 results: What the analysts say
Analysts have hailed the 3% rise in grocery sales as a positive development
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NewsMedia Bites 4 July: Tesco, Carlsberg, Weetabix
Tesco is expected to pay an average of £400 each in compensation to about 10,000 shareholders over its 2014 accounting scandal, writes The Times.
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NewsCity snapshot: Sainsbury’s first quarter like for like sales jump 2.3%
First quarter like-for-like sales (excluding fuel) at Sainsbury’s have surged by 2.3%