All Finance articles – Page 751
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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.
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NewsTesco admits a £250m overstatement of profits
Tesco has stunned the city this morning by admitting that it may have overstated its profits for the half year by as much as £250m.
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NewsRobin Terrell to lead Tesco UK as investigation into £250m profit hole kicks off
Tesco head of online operations Robin Terrell is to lead the retailer’s UK business as it kicks off an urgent investigation into how its half-year profit guidance ended up being overstated by £250m.
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Analysis & FeaturesCash talks louder than strong words in Chiquita fight
Without a new bid from Cutrale-Safra the Fyffes merger still looks favourite at this stage
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NewsFinlay Beverages still in the red but upbeat about 2014 progress
Finlay Beverages remained in the red last year as it continued to recover from a key contract loss three years ago…
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NewsGavin Darby hails departing Premier Foods director Ian Deste
Premier Foods chief executive Gavin Darby has paid tribute to commercial director Ian Deste ahead of his exit
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Comment & OpinionExport opportunities must be seized urges Melanie Leech of FDF
For those many highly entrepreneurial spirits seeking to enter food and drink, UK food retail can seem daunting…
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Analysis & FeaturesBooker could benefit from tempting customers into impulse buys
New research suggests there are a number of key opportunities in the wholesale sector for Booker to tap
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NewsConviviality Retail chief exec Diana Hunter sells £1.36m of shares
Chief executive of Bargain Booze-owner Conviviality Retail Diana Hunter sold £1.36m worth of shares in the company yesterday.
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NewsShareholder group targets Diageo executive pay
Diageo heads into another AGM today with its executive pay policies under fire.
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Analysis & FeaturesWill investors buy into Premier Foods' transformation?
Departing Premier Foods commercial director Ian Deste proclaimed that the “turnaround phase is complete” and the “transformational phase” has begun after this week’s restructure.
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Analysis & FeaturesGlobal beer industry looks ripe for consolidation
As AB InBev steps up its interest in SABMiller, the next wave of beer industry consolidation could finally be upon us.
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NewsPremier Foods splits into three divisions amid management changes
Premier Foods has announced a major restructure of its business that will see the company split into three distinct business units and a number of management changes.
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Analysis & FeaturesWinners and losers from Horsegate begin to emerge
There’s little doubt that Horsegate was the major food story of 2013, but so far there has been little concrete evidence the horsemeat scandal had much of an impact on the meat industry’s bottom line.
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NewsHovis sales back on uphill trend after split from Premier
Hovis – which lost £56m in retail sales last year – has returned to growth…
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Analysis & FeaturesGrocery price war becomes a key part of deflation picture
With food and drink prices still showing annual deflation, it’s little surprise supermarket sales are feeling the effect.