Finance news – Page 192
-
NewsMedia Bites 26 Oct: Brexit/supermarkets, CCEP, Asda/EG Group
An eleventh-hour Brexit trade deal could still throw Britain’s biggest grocers into chaos by leaving them with just a few weeks to understand the rules
-
NewsCity Snapshot: Coca-Cola European Partners snaps up Asia Pacific Coke bottler in €5.2bn deal
Coca-Cola European Partners has made a €5.2bn (£4.7bn) offer to expand its bottling empire with the acquisition of Coca-Cola Amatil. Plus, revenues at CCEP improved in Q3, with a significant slow down of declining volumes.
-
NewsGlobal fmcg giants RB, P&G, Nestlé and Unilever report strong results
Recent earnings releases show 2020 is proving to be a good year for global fmcg giants
-
NewsTop 150 UK suppliers see sales top £70bn
The OC&C Top 150 report of the UK’s biggest food and drink producers found total aggregate revenues rose by 1.9% in 2019 to a collective £70.3bn
-
NewsChancellor extends support to wholesalers in new package
In a speech to the Commons yesterday, Sunak acknowledged the impact of the crisis on the hospitality supply chain
-
NewsCurrency is Brexit’s ‘hidden monster’, food and drink suppliers fear
While costs such as customs and tariffs will be passed onto supermarkets within days, currency fluctuations can take months
-
NewsBooker suffers ‘significant impact’ from pandemic
The Tesco-owned wholesaler issued caution in its latest results
-
NewsMedia Bites 23 October: Unilever, EG Group, Coca-Cola
Unilever’s sales growth rose far above expectations in the third quarter on strong demand for Lifebuoy soap and other hygiene products, making it the latest consumer goods group to report buoyant figures in the pandemic.
-
NewsCity Snapshot: Coke regains some fizz but future still uncertain
Coca-Cola has slowed its declining revenues in third quarter as easing lockdown restrictions across the world allowed consumers visit cafes and restaurants again. Plus, consumer confidence slumps again in October and the latest figures from the ONS show retail sales grew for the fifth consecutive month in September.
-
NewsHard seltzer startup Drty Drinks secures £500k cash boost from angel investors
The six-figure cash injection came from a group of six investors
-
NewsCity Snapshot: Unilever sales accelerate in Q3 as shoppers keep homes clean in fight against Covid
Unilever has boosted third-quarter sales thanks to shoppers continuing to stock up on Domestos and Cif to battle the coronavirus in thier homes.
-
NewsMedia Bites 22 Oct: EG Group, Waitrose/Co-op, Nestlé
The new owners of Asda are looking for a chairman and directors for their petrol station empire as they gear up for a £10 billion stock market listing
-
NewsC&C Group falls to first half loss amid pub closures
Beer, cider and wine producer and distributer C&C Group fell to a first half operating loss amid a 55% plunge in revenues as the lockdown and shuttering of pubs hit trading
-
NewsP&G benefits from booming demand for home hygiene as Q1 sales fly
Revenues have soared at Procter & Gamble in the first quarter on the back of shopper demand for home hygiene products as the coronavirus crisis continues.
-
NewsCity snapshot: Petfood sales spike boosts Nestlé’s third quarter growth
Nestlé has posted third quarter organic growth of 4.9%, driven by strong demand for petfood as well as at-home coffee consumption and dairy. Plus, pub closures send C&C Group to first half loss, PayPoint sells Romanian business and all the rest of the latest news from the City.
-
NewsMedia Bites 21 October: Poundstretcher, Waitrose, Co-op, Reckitt Benckiser
Poundstretcher has become the latest retailer to lose its auditor after a risk assessment by one of Britain’s biggest accounting firms.
-
NewsMedia Bites 20 Oct: Asda, Danone, Card payments
Asda is to unveil a strategy to help cut down on single-use plastics, pledging that “greener” products without packaging will not carry a hefty price tag
-
NewsCity snapshot: Reckitt Benckiser raises revenue forecast as disinfectant sales soar
Reckitt Benckiser has reported strong third quarter revenues as demand for its disinfectant brands remain high and the relaxation of lockdown restrictions around the world helped Durex rise again. Plus, Britvic agrees new 20-year bottling agreement with PepsiCo and also increases profit forecasts for the year.
-
NewsFmcg M&A deal volumes slump 60% on same period last year
Fmcg deals slumped 60% in the four months to the end of August as M&A in the food industry struggled to reignite in the pandemic
-
NewsSolina picks up Bowman Ingredients for undisclosed sum
European ingredients group Solina has acquired food coatings specialist Bowman Ingredients from the family owners for an undisclosed price tag