George Weston – Page 2
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NewsGreencore names former Morrisons boss Dalton Philips as new CEO
Philips will replace outgoing CEO Patrick Coveney
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NewsCity snapshot: Grocery sales plunge as inflation hits 11-year high
Supermarket sales plunged by 5.9% in the 12 weeks to 17 April, according to the latest market share data from Kantar, as consumers prioritised value amid soaring inflation
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NewsCity snapshot: Grocery sales fall as shoppers stay away from stores
Grocery sales fell by 1.9% in the three months to the end of October as consumer shopping behaviour stabilises post pandemic. Plus food sales mitigate Primark sales drop at ABF, CCEP sees strong GB recovery and all the rest of the latest news from the City.
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NewsCity snapshot: ABF grocery sales fall but Primark recovery drives revenue jump
Associated British Foods has reported a 47% jump in third quarter revenues as the re-opening of Primark stores mitigated a modest decline in grocery sales. Plus, Supreme buys SCI-MX, trading updates from PZ Cussons and C&C Group and all the rest of the latest news from the City.
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NewsMedia Bites 21 April: Asda, Tobacco, ABF/Primark
The £6.8bn takeover of Asda could lead to higher fuel prices in some parts of the UK, the UK competition watchdog has warned
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NewsCity snapshot: ABF rebounds with ‘record’ Primark sales on reopening
Associated British Foods has seen ‘record’ sales on the reopening of its stores last week to bounce back from a first half of a double-digit revenue fall and shrinking profits
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NewsMedia Bites 15 April: Tesco, Asda, Deliveroo, pubs
The first annual results delivered by new CEO Ken Murphy gets blanket coverage in the papers this morning.
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NewsMedia Bites 14 April: Sainsbury’s, Just Eat Takeaway, John Lewis
A billionaire Czech investor has launched a raid on Sainsbury’s sparking speculation it could be targeted in a deal to take it private
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ProfilesGrocery bosses reflect on food and drink’s response to Covid-19
We asked industry bosses to reflect on the pandemic and the industry’s response. Here’s what they had to say
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NewsThe winners of The Grocer Gold Awards 2020
We celebrate the value of the industry’s achievements new and old, and the extraordinary role it has played in response to the pandemic
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NewsCity snapshot: Primark closures drive ABF sales and profits plunge despite grocery growth
Associated British Foods has posted a double-digit drop in annual sales and profits as the strong performance of its grocery businesses was unable to fully mitigate the closure of its Primark stores during lockdown.
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NewsCity snapshot: ABF profits boost from rising grocery sales
Associated British Foods has benefitted from a surge in grocery sales during the coronavirus outbreak and better-than-expected trading at Primark in the fourth quarter
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Comment & OpinionThe answer to Allied’s troubles is surely to acquire Hovis
Despite hefty investment, Hovis is still taking lumps out of the Allied Bakeries business
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NewsABF takes £284m coronavirus stock writedown but grocery shows strong profit growth
Associated British Foods has posted a significant fall in first half profits as it was forced to take a £284m writedown on Primark stock, but the rest of its business continues to perform despite the pandemic. Plus, Danone shows solid Q1 growth but withdraws full year guidance and all the rest of the latest news from the City.
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NewsCity snapshot: Chancellor revamps coronavirus emergency loans programme
The Chancellor Rishi Sunak has announced a revamp of the government’s emergency loan measures to struggling SMEs by relaxing the criteria for eligible businesses and raising the limit on the size of companies that can apply. Plus, ABF leadership take pay cuts and all the rest of the latest news from the City.
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NewsCity snapshot: ABF ‘well-stocked’ for Coronavirus outbreak
Associated British Foods has said it is closely monitoring the Coronavirus outbreak in China, though it does not expect any short-term impact.
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NewsMedia Bites 28 Nov: Iceland, Bags for life; BAT
Iceland Foods faces a change in ownership as South African conglomerate Brait revealed plans to sell its stake in the retailer.
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NewsCity snapshot: Associated British Foods delivers ‘resilient’ performance
Associated British Foods has reported a rise in profits as it delivered a “resilient performance” offsetting ongoing troubles at its Sugar division
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NewsSugar woes dampen ABF’s grocery and Primark growth
Associated British Foods has issued a pre-close trading update, forecasting that earnings will be in line with last year as profit growth in its grocery and Primark businesses was offset by the continued struggles of AB Sugar.
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NewsMedia Bites 9 July: Retail sales, Imperial Brands, Heck
Retailers have suffered the “worst June on record” with total sales down 1.3% year-on-year in June