Helen Dickinson news, features and comment – Page 25
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NewsReckitt Benckiser CEO Rakesh Kapoor to stand down
Consumer health giant Reckitt Benckiser has announced this morning that Rakesh Kapoor will retire from his position as CEO by the end of 2019.
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NewsRetail footfall slumps over Christmas
Retail footfall over the Christmas period fell by 2.6% according to the latest BRC-Springboard footfall and vacancies monitor.
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NewsRetailers suffer worst Christmas for a decade
The poor results have been blamed on political uncertainty and the rise of online shopping
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NewsCity snapshot: Tesco outperforms market with 2.6% festive sales growth
A hectic morning sees Christmas trading updates from grocery stalwarts Tesco, John Lewis Partnership, Marks & Spencer as well as B&M, C&C Group, McBride and Hilton Food Group.
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NewsCity snapshot: Cheaper Christmas as festive food costs 0.4% less than 2017
The cost of Christmas fare fell in 2018 after a currency-fuelled spike in supermarket inflation sent food prices soaring back in 2017. Plus, BRC Nielsen Shop Price Index finds decelerating food inflation, new CFO at McColl’s and all the rest of the latest news from the City.
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NewsRetailers face higher recruitment costs under immigration plans
Under plans published today, low-skilled workers from EU countries will no longer have the automatic right to work in the UK after Brexit
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NewsHigh street footfall slumps in run up to Christmas
Black Friday failed to arrest a slump in shopper numbers in November according to the latest BRC Springboard Footfall and Vacancies Monitor, with expectations weak footfall will continue into Christmas.
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NewsCity snapshot: Shop price inflation returns amid rising food prices
Food inflation accelerated in November although total shop prices remained almost unchanged since last Christmas. Plus Unilever is reportedly in exclusive talks to finalise a deal for GlaxoSmithKline’s Horlicks.
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NewsBack Brexit deal to prevent food chaos, urge retail leaders
In a bid to persuade politicians to back Theresa May’s deal, the BRC has warned of price increases of more than 40% for some everyday staples
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Analysis & FeaturesWhich supermarket has the best Christmas countdown strategy?
Christmas is more vital than ever for retailers in a year of Brexit uncertainty and the weak pound
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Comment & OpinionBusinesses are backing May’s Brexit deal – but will MPs follow suit?
There was a surreal calm about the Prime Minister today as she urged businesses to support her under-fire Brexit deal
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NewsIndustry leaders warn of Brexit chaos as May's deal flounders
FDF said the majority of food and drink business welcomed Theresa May’s proposals
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NewsCity Snapshot: Morrisons third quarter like-for-like sales rise 5.6% but retail growth slows
On a busy morning, wholesale growth boosts Morrisons’ third quarter sales but core retail sales slow, UK retail sales edge up by just 0.1% in October, ABF posts profit growth despite sugar woes, Greene King CEO steps down and P&H collapse hits profits at Imperial Brands.
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NewsCity snapshot: Global consumer giants jostle to buy Graze
Food giants Kellogg’s, Unilever and PepsiCo are battling to buy healthy snacks business Graze as bidding kicks off, EU search interest in UK brands surges and the rest of the news from the City
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NewsBusiness rates to cost retail additional £180m from next year
The latest ONS Consumer Price Index will be used to calculate the business rates multiplier for the next financial year
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NewsCity snapshot: Greencore sell US business to Hearthside for £817m
Convenience food group Greencore is to sell its entire US business to American contract manufacturer Hearthside Food Solutions for £817m, high street footfall continues to decline, and the rest of the news from the City
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NewsCity snapshot: Greggs sales up 7.3% in third quarter
Food to go bakery chain Greggs has reported a 7.3% sales jump in its third quarter, driven by like-for-like growth and new store openings. Plus, UK retail sales fall 0.2% in September and all the rest of the latest news from the City.
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NewsBooker acquisition helps drive Tesco to first half sales and profits jump
Tesco has posted a double-digit rise in group sales and operating profits as the integration of Booker and a strong second quarter boosted performance
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NewsShortage in EU migrant workers sparks delivery driver crisis
The FDF is to meet with the Freight Transport Association on Friday to discuss emergency contingency plans
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NewsABF profit “progress” dragged back by currency and sugar woes
Associated British Foods has issued a pre-close trading update for the year to 15 September, noting that strong profit performance from Primark, grocery and other divisions will be hampered by lower EU sugar prices.