All Finance articles – Page 742
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Analysis & FeaturesAre supermarket rights issues on the way?
How fierce must the ‘perfect storm’ become before the grocers look to the equity markets to bolster their balance sheets?
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NewsFCA launches probe into Tesco's £250m black hole
Financial Conduct Authority has launched a “full investigation” into the circumstances behind the £250m black hole in Tesco’s accounts.
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Analysis & FeaturesFuel price cut suggests Sainsbury's has moved on from 'business as usual'
Petrol prices have opened as a new front in the supermarket price war after aggressive fuel price cuts from three of the big four.
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NewsTacon asks Tesco to look for breaches of Groceries Code
Groceries Code Adjudicator Christine Tacon has asked Tesco to examine its behaviour towards suppliers during the company’s internal review into the £250m overstatement of its profits.
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Analysis & FeaturesAldi's extraordinary growth asks tough questions of big four
The extraordinary growth reported by Aldi this morning illustrates the depth of the problem facing the UK’s established supermarkets.
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NewsWhittard profits climb as it chases global presence
Tea and coffee specialist Whittard of Chelsea saw annual profit rise by 43% last year as it extended its London retail footprint.
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Analysis & FeaturesDoes Sainsbury's new pricing plan explain market share fall?
If the supermarkets were banking for better news from today’s Nielsen figures they were in for more disappointment.
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Comment & OpinionTesco finance crisis: You’re only as good as your accounting
Professor Lisa Jack, a former auditor and now a forensic accounting expert at the University of Portsmouth, explains the key lessons from Tesco’s shock profit warning…
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NewsBanana merger sweetened for Chiquita shareholders
Chiquita and Fyffes have agreed to revise the terms of their merger to give Chiquita shareholders a larger proportion of the merged company.
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NewsBirds Eye owner Iglo Group records revenue dip
Iglo Group, the European owner of Birds Eye, saw a 0.9% slide in constant currency sales during the second quarter due to “tough market conditions”.
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Analysis & FeaturesSalmon supply to UK rises as Russia bans Norway
Scotland’s salmon suppliers have so far avoided any fallout from the Russian trade embargo…
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NewsTesco admits McIlwee not in charge of finance for five months
Tesco faced yet more questions over its financial management today after it admitted it had effectively been without a director in charge of finance for the past five months.
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Analysis & FeaturesBritish Sugar takes round one in competition fight
Shares in Associated British Foods have hit their lowest level since January as the competition row over British Sugar drags on.
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NewsUK regulator drops Napier Brown’s British Sugar pricing complaint
The UK’s Competition and Markets Authority will not take forward Napier Brown’s complaint against British Sugar that the Associated British Foods-owned company was abusing its dominant market position.
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Analysis & FeaturesKantar figures turn market gaze to Sainsbury's
Today’s Kantar grocery market share figures won’t have improved any moods at Tesco, but it was Sainsbury’s that investors made suffer.
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NewsTesco's new CFO Alan Stewart joins crisis-hit retailer a month early
Tesco’s new chief financial officer Alan Stewart has been parachuted in more than a month ahead of schedule in the wake of yesterday’s shock announcement of a £250m overstatement of profits.
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Analysis & FeaturesTesco: the key questions surrounding its £250m profit shock
The Grocer looks at the big questions facing Tesco after its £250m profit overstatement and what happens next for the beleaguered supermarket.
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Comment & OpinionHow could Tesco lose £250m?
Tesco is coming dangerously close to a management meltdown, just weeks into new CEO Dave Lewis’ reign
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NewsTesco chairman Sir Richard Broadbent under fire over accounting mess
The position of Tesco chairman Sir Richard Broadbent is coming under fierce scrutiny after the latest events to hit the retailer rocked the City.
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NewsTesco shock profit warning: the City reacts
Tesco shocked the City today by announcing it had discovered it had overstated its profits by £250m. Here’s our round-up of how leading City and industry analysts reacted to the news.