All Finance articles – Page 566
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NewsMedia Bites 20 June: Whole Foods, Amazon, Ocado, Supermarket Income REIT
Whole Foods shares rose above Amazon’s $42 all-cash offer as investors bet a rival retailer could gatecrash the $13.7bn offer made by the ecommerce giant for the upmarket grocer.
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NewsCity snapshot: Supermarket store investor to float on LSE
Supermarket Income REIT plc plans to raise £200m in a placing to buy stores rented on long leases to the likes of Tesco, Sainsbury’s, Morrisons and Asda. Plus, Ocado shares surge 11% on back of Amazon takeover of Whole Foods; and Sainsbury’s rise on Nisa bid rumours.
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NewsManhattan Associates appoints Craig Summers as UK MD
Craig Summers will manage all aspects of UK business including sales, professional services and customer service…
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NewsEuro Garages forks out £595,995 to buy Spaghetti Junction pub
Plans to redevelop The Armada on Powick Road, opposite Spaghetti Junction, into a filling station and retail unit…
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NewsMalcolm Walker receives knighthood for services to retailing
Other key recipients from the world of retailing and food include Grocer columnist Professor Chris Elliott, who has received an OBE in the Queen’s Birthday Honours List
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NewsEuro Garages parent buys over 1,000 service stations in Italy
Intervias said the deal with ExxonMobil was for 1,176 sites in several Italian regions
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NewsMedia Bites 19 June: Amazon/Whole Foods, Sainsbury's/Nisa, Tesco
Two stories dominate retail news in the weekend papers – Amazon’s shock swoop for Whole Foods Market on Friday and Sainsbury’s pursuit of Nisa.
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NewsCity snapshot: Sainsbury’s closes in on Nisa acquisition
Weekend reports have suggested Sainsbury’s has entered into exclusive talks to buy convenience chain Nisa for £130m,
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NewsWhole Foods acquisition may be prime pickings for Amazon
The organic grocery chain offers a quick win in building physical presence and credibility
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NewsNestlé to explore potential sale of US confectionery
The Swiss company’s US confectionery business saw sales of around £722.7m in 2016
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Analysis & FeaturesTesco Q1 results: analyst reactions
During the quarter it reported a 1.3% growth in customer transactions – some ten million more than last year
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NewsTesco 'winning inflation battle' as like-for-likes grow
Tesco’s price inflation had been in the region of 1.4% in the past 12 weeks
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Analysis & FeaturesNisa sale: what you need to know
It’s talking to interested parties, so why is it up for sale, who’s in the running, and what of the mutuality question?
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NewsElla's records 11th successive year of double-digit growth
Profits have soared by almost 50% at Ella’s Kitchen as it recorded an 11th successive year of double-digit sales growth
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NewsMedia Bites 16 June: Morrisons, High Street, Majestic Wine
More than half of Morrisons shareholders have failed to back the supermarket’s bosses’ pay package in a massive protest vote.
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NewsCity snapshot: Tesco posts sixth consecutive quarter of like-for-like growth
Tesco has announced first quarter UK like-for-like sales growth of 2.3% and a 1% rise in group like-for-like sales, its sixth consecutive quarter of organic sales growth.
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NewsCity News: Majestic Wine slips into the red
Majestic Wine insisted it was “past the tipping point” of its turnaround on Thursday
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NewsBooker deal 'will free up £500m war chest for Tesco'
A successful merger “will give Tesco a £500m war chest to fight against wholesale and supermarket price hikes”…
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NewsUK cereals 'must get match fit for Brexit'
The UK cereals sector should beware “sleepwalking into Brexit” and increase its competitiveness now
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NewsCity snapshot: Majestic Wine slips into the red but is 'past the tipping point'
A “very strong” second half was not enough to keep Majestic Wine out of the red as the wine retailer recorded pre-tax losses of £1.5m.