Senior unsecured debt was downgraded to BBB from BBB+,the second-lowest investment grade rating. Other ratings agencies, Moody’s and Standard & Poor’s, have put their current ratings of Sainsbury on review for possible downgrade.
A spokesman from Fitch said the new chief executive, Justin King, might not be able to implement strategic changes with the limited financial flexibility.
As the country’s grape sector goes into winter recess, growers can look back on further progress following the conclusion of campaigns in China and Vietnam
Chocolate-covered frozen bananas are being included as part of a new collaboration to reduce waste of the fruit
Retailer launches playful campaign and debuts new look for the brand
World Avocado Organisation discredits NGO paper based on ‘incorrect facts from non-scientific sources’
Scientific review of farm sustainability recognises farmer knowledge and food production, says Soil Association
Foodservice supplier recognised as FareShare Leading Food Partner for 2024 after reaching 10m meal mark
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