All articles by Ed Devlin – Page 219
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NewsCity Snapshot: Analysts hail the appointment of Morrisons CEO David Potts
Morrisons appoints David Potts as its next CEO, sending shares upward; Glanbia reports strong year-end figures; and Supergroup CFO leaves after being declared personally bankrupt. Plus all the latest share price moves.
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NewsMedia Bites 25 February: FTSE 100, NFU conference, organic food
The FTSE ended up 37.5 points at 6,949.6, above its previous record of 6,930, and also set a new intra-day high of 6,958.9, surpassing the previous figure of 6,950.6
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NewsKerry Group share price falls as sales decline
Shares in Irish food giant Kerry Food are down more than 2% so far today to €63.05 after it posted a 1.4% decline in revenues in 2014.
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NewsKerry Group posts solid results as it meets market expectations
Underlying revenues climb 2.4% too €5.8bn at Kerry Group despite challenging trading environment; and shares spike at butchery chain Crawshaw Group as it upgrades full-year expectations.
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NewsMedia Bites 24 February: Food production crisis, BAT, ABF
Worries about the UK’s self-sufficiency dominate the newspapers this morning
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NewsProduce World restructuring plan puts hundreds of jobs at risk
A proposed joint venture between the vegetable grower Produce World Group and Lincolnshire Field Products has put up to 340 jobs at risk.
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NewsBordeaux Fine Wines owner banned for 15 years
The owner of Bordeaux Fine Wines has been banned from running a company until 2030 after using investors’ money to fund a lavish lifestyle of buying sports cars, race horses and hiring private jets.
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NewsSupermarket price war weighs heavily on UK retail sales
Continually heavy discounting by supermarkets has weighed on British retail activity as sales in February fell back compared to a year ago, according to a CBI survey.
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NewsMorrisons chairman Andrew Higginson to advise Poundland owner on retail investments
Morrisons chairman Andrew Higginson has added a new role to his list of responsibilities after joining the private equity owner of Poundland as a senior advisor.
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NewsBaronie targets UK market after Ashbury rescue deal
Baronie Group is ramping up its presence in the UK after rescuing a British supplier from insolvency…
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NewsDanone expects troubling year ahead as European turmoil continues
Dairy producer Danone has forecast slower-than-expected organic sales growth for the year ahead as political and economic turbulence in Europe shows no signs of abating.
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Analysis & FeaturesAsda CEO Andy Clarke unmoved despite wonky sales
Asda CEO Andy Clarke and CFO Alex Russo exuded an aura of calm as they gave company updates
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NewsSABMiller CFO Jamie Wilson steps down
Global brewer SABMiller has announced that CFO Jamie Wilson handed in his resignation for “personal reasons”.
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NewsSurprise departure for Majestic Wine CEO Steve Lewis
The hunt is on for a new CEO at Majestic Wine following the immediate departure of current boss Steve Lewis this morning.
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NewsCity Snapshot: Nestlé grows profits despite sales slowdown
Nestlé increases dividend as profits rise but sales slip; Majestic Wine is looking for a new CEO; and a formal £5.4bn offer is made for can maker Rexam.
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NewsMedia Bites 19 February: Tesco, new Horsegate, Nestlé, Rexam
The papers take a look at the reaction to the appointment of new Tesco chairman John Allan and ask if traces of nuts found in spices could be bigger than Horsegate.
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NewsCoke bottler Coca-Cola HBC share price falls as profits lack fizz
Coke’s European bottler is one of the day’s biggest fallers on the FTSE 100 after posting a sharp fall in fourth quarter profits as a result of currency headwinds and challenging conditions in Russia and Greece
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City Snapshot: Tesco appoints John Allan as new chairman
Tesco has ended its search for Sir Richard Broadbent’s successor with the appointment of John Allan. Plus full-year results for Coke bottler Coca-Cola HBC and a new CEO for Carlsberg. And all the latest share price movements.
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NewsMedia Bites 18 February: Tesco, Allan Leighton, Carlsberg, Nestle
The appointment of John Allan as Tesco chairman, pipping former Asda head Archie Norman to the post, dominates this morning’s headlines.
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NewsInflation tumbles to record lows as the big four grocers slug it out over price
The escalation in the supermarket price war and the falling cost of oil has helped inflation hit record lows in January.