All Finance articles – Page 679
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NewsTesco unveils new bonus scheme in 'Turnaround' plan
Tesco staff are to get rewards of up to 5% of their annual income if they help CEO Dave Lewis meet his targets for recovery
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NewsElio Leoni Sceti leaves Iglo CEO role for Coty
Elio Leoni Sceti, CEO of Birds Eye owner Iglo Group, is to join beauty company Coty as chief executive…
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NewsCity Snapshot: United Spirits dispute leaves Diageo with a hangover
An emergency meeting by the board of United Spirits has given the Indian drinks company’s biggest shareholder Diageo a headache today.
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NewsMedia Bites 27: Supermarkets, Tesco, Co-op
City analysts predict more profits pain for the listed supermarkets, Co-op chairman Allan Leighton readies himself for society’s AGM and GCA to hold surgeries to encourage more suppliers to come forward.
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NewsNew Birds Eye owner has 'ambitious' plans, says Nomad source
The firm sees grocery as ripe for consolidation and will be “nimble and opportunistic” in building on its anchor investment in the iconic frozen food company, sources close to Nomad told The Grocer this week
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NewsAshbury Chocolates collapse leaves creditors out of pocket
Creditors look set to lose a significant chunk of the £14.1m they are owed from the administration of Ashbury Chocolates…
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NewsABF: Kingsmill loaves lost from Tesco have already been replaced
FD John Bason said the Allied Bakeries subsidiary had already replaced the lost business
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NewsTesco store staff 'could not cope' with boom in online orders
Announcing a £6.4bn loss, the largest in retail history, Lewis said he was encouraged by a reversal in the fortunes of its Extra stores
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NewsCity Snapshot: Reckitt Benckiser beats Q1 expectations
Reckitt Benckiser has a good start by beating expectations in its first quarter. Elsewhere stevia producer PureCircle takes full control of Chinese subsidiary and Waitrose weekely sales figures. Plus all the latest share price movements.
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NewsMedia Bites 24 April: Tesco, Sainsbury’s, Brew Dog
Tesco’s annual results is still generating column inches, Sainsbury’s job cuts also make headlines, and Brew Dog snubs the City with £25m crowdfunding campaign.
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NewsDave Lewis hails Tesco Extra turnaround
Lewis claims the stores are now “worth the trip again” and “not the dinosaurs that people made them out to be”
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NewsSainsbury's shake-up places 800 jobs in jeopardy
The retailer said it was reviewing department and deputy manager positions so it could invest more resources in other shop floor roles
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NewsBooths to axe 100 jobs as it closes two stores
The Northern supermarket chain says it plans to close stores in Ansdell and Marton later this year
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NewsCity Snapshot: New stores boost sales at Crawshaw Group
AIM-listed butchery chain Crawshaw Group has reported a 17% uplift in full-year group sales.
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NewsMedia Bites 23 April: Tesco, living standards, Brewdog
Media Bites 23 April: Tesco, living standards, Brewdog
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NewsLincolnshire Co-op says profits up £1m, pays out £2.2m dividend
The society said sales in the six months to March were boosted by its Love Local range of products from local suppliers, which increased sales by 22%
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NewsPork Farms acquisition gets thumbs up from competition watchdog
Pork Farms is a step closer to completing its acquisition of Kerry Foods chilled savoury pastry business after the monopoly regulator provisionally cleared the deal.
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NewsHeineken impresses in Americas and Asia Pacific with strong growth
The group’s total sales were up 8.1% to €4.83bn before currency exchange rates. In the Americas, that growth rate was 18%, while in Asia Pacific, it was 21%.
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NewsTesco posts worst results in its history with £6.38bn loss
However Tesco said its trading profits were in line with expectations at £1.4bn, while UK like-for-like sales volumes rose for first time in over four years
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NewsConnect Group reports profits rise
Connect Group said total sales rose 1.2% to £909.9m in the six months to 28 February, while underlying profits rose 3.3% to £27.7m