All Finance articles – Page 625
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NewsCity snapshot: Brexit vote sends grocery stocks plummeting
Grocery stocks have plunged by up to 30% so far this morning as world stock markets went into freefall and the pound tumbled to a 30-year low after Britain voted to leave the European Union.
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NewsMedia Bites 24 June: Tesco, BHS, M&S
Tesco quarter one results dominate the business pages this morning, with the supermarket attributing its second straight quarter of sales growth in part to its fresh farm food range.
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NewsSimsons Fisheries thrown a lifeline in rescue deal
Seafood supplier Simsons Fisheries has snapped up out of administration by rival business James Knight of Mayfair, saving the jobs of all the staff.
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Analysis & FeaturesDave Lewis vindicated on Farms brands as Tesco sales rise
The seven new brands, featuring 70 own-label products, attracted fierce criticism from some quarters when they were launched
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Analysis & FeaturesTesco's like-for-likes rise: what the analysts are saying
Broad consensus over solid results for UK’s biggest retailer
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NewsHolland & Barrett sales and profits soar
The retailer has demanded a reduction in costs of at least 5% to help fund its ambitious expansion plans
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NewsMedia Bites 23 June: Morrisons, Tesco, ABF
Morrisons has offered to rehire former employees who may lose their jobs as a result of the expected administration of My Local, the convenience store group it sold last year.
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NewsTesco first quarter like-for-like sales up 0.9% as it sells Harris + Hoole
Tesco has reported group like-for-like sales grew by 0.9% in the 13 weeks to 28 May, including its second quarter of like-for-like UK growth for the first time in more than five years.
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Comment & OpinionBrexit in the balance as businesses have their final say
It’s genuinely hard to find a major player on the world stage that publicly advocates Brexit, unless you count Donald Trump
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NewsZenith Hygiene acquires CCL Pentasol
Zenith Hygiene Group has agreed to acquire chemical manufacturer CCL Pentasol to break into new markets in the food, drink and dairy industries.
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NewsAldi and Lidl own label boom helping UK buck downward trend
Of six European countries analysed by IRI, the UK’s own label sector was the only showing growth last year
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NewsMy Local briefs staff over possible administration
Convenience chain files a Notice of Intention to Appoint Administrators
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NewsMedia Bites 22 June: My Local, Brexit, Stock Spirits, Whitbread
Convenience store chain My Local has filed notice to appoint administrators just nine months after being created from Morrison’s cast-offs; and your favourite supermarket could reveal which side will win your vote in the EU referendum.
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NewsCity snapshot: My Local on the verge of administration
My Local has reportedly filed a notice of intention to appoint KPMG as administrator, putting more than 2,000 jobs at risk in the process.
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NewsThree Crowns Confectionery secures £300k funding package
Hull-based Three Crowns Confectionery has undergone a management buy-in after securing a £300k funding package from East Yorkshire-based One Stop Business Finance.
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NewsDairy Crest CEO Mark Allen’s pay rises 45% after dairy division sale
Dairy Crest CEO Mark Allen received a pay packet worth £1.44m in the year to 31 March 2016 as his annual bonus and share awards more than doubled after the successful divestment of its UK dairy business.
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News2 Sisters’ sales edge upwards in “encouraging” third quarter
Sales at 2 Sisters owner Boparan rose 0.6% to £784.5m in its third quarter in what CEO Ranjit Singh called “another positive performance”.
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NewsMorrisons apologises for 2015 GSCOP payment demand breaches
Morrisons accepted that 19 requests for lump sum payments last year were in breach of GSCOP
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NewsJJ Food Service invests £15m to open three new branches
New sites in Dagenham, Newcastle and Leicester are scheduled to open and be fully operational this autumn
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NewsCity snapshot: Costa Coffee grows first quarter sales by 11.4%
Costa Coffee grows its first quarter sales by 11.4%, FTSE 100 sees its biggest jump in three years and pound soars on diminished Brexit fears