Greene King buys Cloverleaf January 31, 2011 GREENE King has bought the pub restaurant group Cloverleaf for £56m. Chief executive Rooney Anand (pictured) said the acquisition, combined with a planned investment of around £25m to open ten new Cloverleaf premises within two years, would utilise the remaining balance of its rights issue proceeds. The deal has added another 12 restaurants to Greene [...]
Danone warns of price rise February 15, 2011 FRENCH food group Danone is planning to raise some of its prices this year as well as making productivity gains to help combat an expected rise of up to nine per cent rise in raw material costs, it said yesterday. The world’s largest yoghurt maker with brands like Actimel and Activia, forecast the price of [...]
Greene King buys Cloverleaf January 31, 2011 Greene King has bought carvery and pub chain Cloverleaf Restaurants for £56m. Cloverleaf has 12 sites in the Midlands and the north of England with plans for 10 more. Meanwhile Suffolk-based Greene King said sales from outlets open more than a year in its largest unit, Retail, rose 3.9 per cent in the 38 weeks [...]
Greene King buys Cloverleaf January 31, 2011 Greene King has bought carvery and pub chain Cloverleaf Restaurants for £56m. Cloverleaf has 12 sites in the Midlands and the north of England with plans for 10 more. Meanwhile Suffolk-based Greene King said sales from outlets open more than a year in its largest unit, Retail, rose 3.9 per cent in the 38 weeks [...]
Fears of fresh dip see a race for safe assets August 24, 2010 FEARS of a double-dip recession on both sides of the Atlantic intensified yesterday sending rattled investors rushing into the relative safety of the government debt market. In the UK, yields on 10-year government debt fell to 2.876 per cent – the lowest level on record and below the level of March 2009 when the Bank [...]
Consumer confidence unchanged November 3, 2009 The Nationwide Consumer Confidence Index remained unchanged in October, staying level at 72 points, data from Nationwide will show today. The news comes a day after the British Retail Consortium (BRC) said consumer confidence was at its highest level for 18 months. Nationwide said that there were some small adjustments to consumers’ perceptions of current [...]
John Lewis shrugs off double-dip fears September 3, 2010 Customers of John Lewis are showing few signs of reining in spending in the face of prospective tax rises and employment uncertainty with the firm posting another week of double digit sales growth. The employee-owned company, traditionally seen as a bellwether of the retail sector but which has outperformed competitors for over a year, said [...]
Growth in China on the cards at Boots November 7, 2010 HIGH STREET health and beauty retailer Boots hopes to make headway in China when its executive chairman travels to the country as part of David Cameron’s first official visit as Prime Minister. Stefano Pessina has reportedly organised talks with potential partners in Beijing and Shanghai while he is in the country, as part of a [...]
Retail sales up faster than forecast August 19, 2010 RETAIL sales volumes rose nearly three times faster than economists had forecast in July, with almost all non-food sectors showing strong growth, according to official data. Public borrowing measures, meanwhile, were lower than a year ago but still the revealed the uphill task the government has to face to bring down a 2009/10’s record budget [...]
Retail sales up faster than forecast August 19, 2010 RETAIL sales volumes rose nearly three times faster than economists had forecast in July, with almost all non-food sectors showing strong growth, according to official data. Public borrowing measures, meanwhile, were lower than a year ago but still the revealed the uphill task the government has to face to bring down a 2009/10’s record budget [...]