latest – Page 218
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City news 16 June 2012
The headlines were about Sainsbury’s beating Tesco this week, but investors took a different view, punishing Sainsbury’s instead.
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NECS takes on Tesco Express with Newcastle store
The Grocer’s newly-crowned Independent Retail Chain of the Year North East Convenience Stores was celebrating a double victory…
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Hyperama buoyed by foodservice business
Sales at Hyperama have risen by £5m thanks to the cash & carry wholesaler’s growing foodservice business.
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Sales slide again as WH Smith focuses on margins
Like-for-like sales slumped at WH Smith in the past quarter, as the high street giant continued to wrestle with changes to its business.
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Sainsbury's celebrates Jubilee boost in Q1
Sainsbury’s has notched up first-quarter like-for-like sales growth of 1.4%.
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Hardy Brits keep Jubilee spirits up and tills ringing
Retailers and suppliers have toasted the resilience of the British consumer, as millions of Brits defied the torrential downpours…
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M&S suffers dip as Booker gets a boost
It was a week of contrasting fortunes for Charles Wilson’s Booker and his former employers at Marks & Spencer.
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Brakes parent Cucina reveals further losses
Losses at Brakes parent company Cucina Lux deepened by 13% to £106m in 2011…
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Midcounties Co-op boosts sales of food
Midcounties Co-operative Society has notched up a 3.4% increase in full-year like-for-like food sales, helped by improved availability.
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Write-downs send Dairy Crest £10m into the red
Dairy Crest has plunged to a £10m loss after writing down the value of its dairies business.
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City news 19 May 2012
Already knocked-back by the prospect of the ‘pasty tax’, Greggs shares were hit this week after the wettest April for a century hit high street sales.
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Convenience sector in growth
The convenience sector is in growth for the first time in a decade, but it’s supermarket chains and symbol groups that are driving this…
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Moore replaces Redfield at Asda after Q1 success
George clothing MD Andrew Moore has replaced Charles Redfield as chief merchandising officer for Asda.
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City news 12 May 2012
Sainsbury’s is in an envious position this week after reporting a better-than-expected 7.1% increase in annual pre-tax profits to £712m.
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Kingsmill promotions eat into ABF profits
Associated British Foods has beaten market expectations for the first half of 2012 despite a substantial drop in margins for its grocery business.
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City news 21 April 2012: Tesco vs M&S
Marks & Spencer has done almost as well on the FTSE as Tesco has done badly in 2012
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Peroni helps UK buck Euro trend for SAB Miller
Emerging markets were again the key to growth for SAB Miller in the past year. The Peroni brewer said beer volumes were…
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European sales stay sluggish for Danone
Danone has reported a 2.4% dip in volume sales in Europe during the first quarter of the year.
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Tesco plots £1bn fightback as UK profits slide
Tesco has posted its first drop in UK profits in 20 years, down 1% to £2.5bn.
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Ferrero back in profit in the UK
Ferrero reported an operating profit of £733,000 for the year to 31 August 2011 in the UK,