All Finance articles – Page 96
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NewsSainsbury’s suffers in fourth quarter
Sainbury’s has revealed its fourth-quarter like-for-like sales (LFLs) were down 3.8% and said last year it had benefited from the horsemeat crisis during the same period.
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NewsSupermarket price war fears
Fears of a price war between supermarkets and discounters yesterday saw around £2bn wiped off the combined value of Tesco, Sainsbury’s and Morrisons shares.
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NewsMorrisons to restructure following pre-tax loss
Morrisons has launched a major restructure of its business after announcing a loss for the year to February 2014.
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Rise in national minimum wage
The national minimum wage will increase by 3% in October this year, the government has announced.
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Greggs makes two board changes
Greggs, the bakery retail chain, has appointed two new non-executive directors.
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NewsPremier Foods to meet unions over Hovis developments
The senior management of Premier Foods is to meet with union bosses to discuss Hovis workers affected by the partial sale of the bread brand.
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Krispy Kreme grows Scottish presence
Doughnut retailer, Krispy Kreme, has started an expansion drive across Scotland, after opening a factory shop in Edinburgh in February 2013.
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NewsGreggs’ profits fall in challenging market
Greggs has seen an 18.9% fall in pre-tax profit following competitive trading conditions, according to latest figures.
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Product News
ABF: sugar prices to hurt profits
Associated British Foods (ABF) – the company behind Kingsmill – has revealed that lowering sugar prices would impact its profits in the year ahead.
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Italy complains about “traffic light” food labelling
Italy has complained over the UK’s use of voluntary colour-coded food labels, claiming the system is discriminatory.
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Unemployment rate rises to 7.2%
The rate of unemployment has risen to 7.2%, according to the latest figures.
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Costa MD to head high street initiative
Costa Coffee’s managing director Jason Cotta will head a new initiative to revive the UK high street.
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NewsEating out sector to reach pre-recession heights
The UK’s eating out sector is forecast to grow 3% in value, to £82.5bn, over the next 12 months, despite an increasingly competitive trading environment.
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Product News
Tate & Lyle warns on profit decline
Falling artificial sweetener prices will impact Tate & Lyle profits, the company has warned.
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Grocery market growth falls to 2.4%
Aldi and Lidl dominated sales growth once again, as overall grocery market growth hit its slowest rate since 2005, new figures show.
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Britain has ‘too many shops’ claims LDC
As shop vacancy rates fall below 14% for the first time in four years, the Local Data Company’s (LDC) director has claimed Britain has too many shops.
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Brace’s Bakery sees £1.2m pre-tax profit
Welsh bakery Brace’s has reported pre-tax profits of £1.2m for the year ended 30 September 2013.
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UK economy grows 0.7% in Q4
The UK economy grew by 0.7% in the final quarter of the year, according to the latest results.
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Whitbread chairman to step down
Whitbread plc, owner of Costa Coffee, has announced that Anthony Habgood will step down as chairman later this year.
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Acquisition drives growth at Barry Callebaut
Sales volumes at Barry Callebaut have increased by 19.5%, following the acquisition of the Cocoa Ingredients Division of Singapore-based Petra Foods last summer.