All news articles – Page 2107
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NewsBakkavor reassures customers after Tesco garlic bread fault
Bakkavor has assured customers it has taken steps to avoid a repeat of the manufacturing fault
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NewsAsda profits hit £1bn despite shrinking sales
Asda has pushed profits past the £1bn mark - despite sales falling 0.4% to £23.2bn and market share dipping - thanks to its low-cost operating model.
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NewsRecord UK yields to keep wheat prices low
NFU survey results show a 6% year-on-year hike in yield from 8.6 to 9.1 tonnes a hectare
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NewsProduce Investments jobs at risk after potato contract slashed
A 45-day consultation period has been launched with staff at the Kent Potato Company
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NewsDr Oetker launches first calzone pizza with Ristorante range line
The new line went into Asda last week
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NewsJohn West profits leap as tuna sustainability faces scrutiny
John West revealed a big jump in profits this week, as it faced fire for “trashing the oceans for cheap tuna”
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NewsRapeseed oil is an upstart that needs slapping down
Rapeseed oil is all the rage right now, but Joanna Blythman is unimpressed
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NewsPotato metal contamination scare could cost Produce Investments up to £1.5m
The company said current estimates put the financial impact between £300,000 and £1.5 million
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NewsNewburn Bakehouse adds free-from wholegrain wraps to range
The new lines roll into Sainsbury’s and Ocado this week
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NewsMedia Bites 8 October: Tesco, SABMiller/AB InBev, Poundland
Tesco’s first half results and the SABMiller/AB InBev takeover saga and dominate the papers this morning.
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NewsCity snapshot: Tate & Lyle reaffirms guidance after “encouraging” six months
Tate & Lyle has reaffirmed its full year earnings guidance in a six month trading statement this morning
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NewsDiageo and Heineken swap emerging markets assets in $780m deal
Diageo has agreed a $780.5m (£515m) three-part deal with Heineken to swap assets in emerging markets.
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NewsMorrisons under fire over sale of kangaroo meat
Vegan group Viva! is targeting Morrisons over its recently listed kangaroo steaks
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NewsNFRN lobbies minister over 5p bag charge at Tory conference
The group met rural affairs minister Rory Stewart and urged him to extend the charge to small shops
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NewsTesco payment term standardisation welcomed by suppliers
As of June 2016, the changes will result in Tesco offering six standardised and shortened payment terms
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NewsTesco pulls 70,000 packs of underweight garlic bread
Some of the products, made by Bakkavor, were found to be underweight by as much as 21%
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NewsSABMiller rejects new £68bn takeover bid from AB InBev
The SABMiller board still has to formally consider the new offer made by AB InBev but indicated in a statement to the City on Wednesday morning (7 October) it was not minded to accept it.
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NewsTesco results – what the analysts say
Tesco today announced a sharp drop in first-half profits but also revealed a recovery in volumes. Here is what leading City and retail analysts had to say about the results
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NewsTesco’s first half profits halve as sales stabilise
Tesco’s first half reported opperating profits fell by more than half from £779m to £354m, but CEO Dave Lewis has hailed the “sustained improvement” in its trading performance.
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NewsCity snapshot: Tesco volumes up as like-for-like sales decline slows
Tesco has reported that volumes and transactions have grown during its first-half helping to slow the decline of like-for-like sales in the UK but its profits have halved. Alsp, AB InBev has tabled a £68.2bn improved offer for SABMiller; Diageo and Heineken have agreed disposals worth £515m in Jamaica, Malaysia, Singapore and Ghana; and Conviviality has completed its £200m reverse takeover of Matthew Clark.