All Finance articles – Page 765
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NewsTesco shares plummet again following 'shock' profit warning
It’s getting harder to describe a Tesco profit warning as a “shock” these days – but the fourth warning this year…
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Analysis & FeaturesOcado can reflect on a solid 2014 but the fireworks are still to come
Ocado’s growth may have slowed a touch in the fourth quarter, but it seems a little churlish to pick holes in solid figures that show the company surviving the current grocery retail chaos and coping with tough comparables.
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NewsStefano Pessina to take temporary charge of Walgreens/Alliance Boots
Alliance Boots’ executive chairman, Stefano Pessina, will become acting chief executive on completion of the merger with US pharmacy giant Walgreens, it has been announced.
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NewsOcado's sales growth slows to 14.9% in fourth quarter
Growth at online supermarket Ocado has slowed in the fourth quarter with gross retail sales up 14.9% to £311.4m, compared with a 15.5% boost during the previous three months.
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Analysis & FeaturesGlanbia bulks up for 2015 growth
This week Irish food group Glanbia was selected as one of Jefferies’ top 15 top buy-rated stocks primed for growth 2015…
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NewsAfrican troubles lead to first half PZ Cussons profits drop
PZ Cussons saw a 4% drop in first half profits, driven by “challenging trading conditions” in Africa and the devaluation of the Nigerian Naira.
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Analysis & FeaturesMargin resets and junk status looming: analysts' views of Tesco
We look at analysts’ reaction to Tesco’s latest profits warning and where this leaves Dave Lewis’ plans to turn around the ailing grocery giant as we head into 2015.
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NewsTesco profits warning: what the analysts say
After Tesco revealed its annual profits would be no higher than £1.4bn, we round-up who is saying what
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NewsBlack Friday helps arrest food sales decline
Grocery sales benefitted from a small boost in November as shoppers flocked to supermarkets to grab a bargain on a record-breaking Black Friday, according to the latest BRC-KPMG Retail Sales Monitor released this morning.
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NewsTesco in new profits warning as Dave Lewis promises not to cut corners in January
Tesco issued a profit warning today as CEO Dave Lewis “reset” the business to focus on service, availability and more competitive prices…
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Analysis & FeaturesInvestors banking on a Unilever spreads sell-off may be disappointed
When it emerged that Unilever is breaking out its spreads business into a separate division at a London investor conference last Thursday, the fmcg giant’s shares immediately shot upwards by around 3%.
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News
Waitrose 'likely' to sever ties with Ocado, say analysts
Waitrose is “more likely than not” to sever its partnership with Ocado, with its notice to end the agreement…
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NewsPremier Foods to rethink controversial supplier investments
Darby. “Many suppliers have invested with us and have grown their business.” Premier Foods is to rethink its controversial Invest for Growth programme after it became a “political football”. The programme asked suppliers to make an investment payment to Premier to help fund the company’s growth strategy. ...
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Analysis & FeaturesPremier is following a well-established supermarket playbook
The real surprise about Premier Foods’ demands for payment from suppliers is not that the company is doing it, but that it’s suddenly in the spotlight.
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NewsSuppliers voice support for Premier Foods investment payments scheme
Premier Foods has responded to the furore over “investment payments” by releasing comments from suppliers backing the scheme. BBC’s Newsnight program has suggested Premier has received “millions” of pounds from suppliers under the scheme. The programme said a member of Premier staff had told a supplier those ...
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NewsPremier Foods rejects accusations it is forcing suppliers to "pay to stay"
Premier Foods has insisted that its controversial policy to ask suppliers for “investment payments” is voluntary and non-payment will not result in de-listing.
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Analysis & FeaturesSoft drinks slowdown: poor weather or price war?
Last week it was Britvic, now it’s AG Barr talking of a second half slowdown in the UK soft drinks market.
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Analysis & FeaturesFood prices have not hit the bottom yet
The British Retail Consortium has found that food prices have fallen for the first time since it began recording the data in 2006.
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NewsLosses escalate at Tesco-backed Harris + Hoole
Annual losses at Tesco-backed coffee chain Harris + Hoole have widened to £12.8m as it counts the cost of its rapid expansion plans.
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Analysis & FeaturesMcColl's reports solid numbers but investors want more
When McColl’s floated in February it was one of the few early year IPOs that did not garner a euphoric reception. Despite its solid full-year sales this morning, wary investors will be feeling vindicated by their caution.