Hilton Food Group’s share price jumps after a joint venture is formed with Portugal’s leading food retailer January 4, 2017 Hilton Food Group's share price increased more than five per cent to an all-time high of 695p in morning trading after it announced a 50/50 joint venture agreement with Portugal's leading food retailer. This extends the UK-based retail meat packing company's presence to a total of 15 countries. The meaty deal with Sonae Modelo Continente will allow Hilton to supply a range of packaged beef, [...]
Nisa bags a nicer Christmas trading period January 4, 2017 Convenience store chain and wholesaler Nisa Retail bagged a sales boost in the lead-up to Christmas, with like-for-like sales increasing 2.2 per cent. Total sales grew 2.7 per cent in the 10 weeks to the 1 January, reaching £235.6m, as compared to £229.5m during the same period last year. Read more: Christmas come early: CMA [...]
Top London chefs reveal food trends for 2017: British-grown, plankton and vegan January 4, 2017 Restaurant menus in 2016 were marked by the rise in avocado and gluten free foods. Starting to wonder what this year's food trends will be? Wait no longer. Top London chefs have revealed to Bookatable which trends are set to shake the restaurant market in 2017. Here are a few stand-out predictions. Plankton and charcoal will grace our menus Apparently, [...]
The tastiest deal of 2017? Ginsters owner confirms deal for West Cornwall Pasty Co January 4, 2017 We may only be a four days in to 2017, but there is already a contender for the tastiest – or, at least, stodgiest – deal of the year. Samworth Brothers, the company behind Ginsters, has reached an agreement to acquire West Cornwall Pasty Co. The deal will mean increased competition for Greggs. Read more: New [...]
Next’s shares tumble after company issues profit warning January 4, 2017 Next's shares have taken a hammering today after the retailer issued a profit warning. The retailer cut its profit forecast for 2017-18 to a range of £680m-£780m. Analysts had estimated the forecast would be £784m. Following the announcement, Next's share price tumbled by 12 per cent. Next's shares have now fallen nearly 50 per cent since [...]
John Lewis cashed in ahead of the subdued Christmas period January 4, 2017 John Lewis cashed in in the lead-up to Christmas, before families deserted festive shopping on the high street for feasting at the dinner table. For the week starting 19 December, the department store made sales totaling £175.6m. Christmas Day and Boxing Day – when most John Lewis shops are shut – took place during the comparative week in [...]
Londoners could save thousands of pounds by swapping their flat in the city for a year-long cruise January 4, 2017 The average rent in London has reached a record high and house prices are continually edging up. Is it time to swap your London flat for something new? How about a room on a cruise ship? Spending a year at sea could save Londoners thousands of pounds according to research from Planet Cruise. Read more: London risks taking [...]
B&M side-steps clouds gathering over retail stocks January 4, 2017 B&M has side-stepped the overall gloom surrounding retail stocks this morning, rising over seven per cent in morning trading after a strong trading update. Other retail stocks – including Marks and Spencer's, Debenhams' and Associated British Foods' – have taken a hit today after Next tumbled 11 per cent at the open. Read more: Next [...]
Innis & Gunn has launched a “detox” beer with zero alcohol just in time for Dry January January 4, 2017 It's now the fourth day of Dry January, and even if you've read every list with tips on how to get through it, by now the craving to crack open a beer might be setting in. Scottish craft brewers Innis & Gunn have your answer: A new alcohol-free pale ale called Innis & None. Two million Brits are set to try [...]
Retailers’ share prices dragged down as Next sinks January 4, 2017 The retail sector is getting a hammering today after Next posted a sales slide for the Christmas season. Next's share price has tumbled 11 per cent in morning trading, and following it downwards are Marks and Spencer, which has fallen five per cent, and Primark-owner Associated British Foods, which is down 3.84 per cent. Read more: Retailers [...]