Finance news – Page 196
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NewsMedia Bites 28 September: Tesco, Asda, Pladis
Ken Murphy has a big repair job on his hands, says The Times
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![Diageo in article image 2[1]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/9/1/9/217919_diageoinarticleimage21_992451.jpg)
NewsCity snapshot: Diageo CEO hails resilient performance as recovery continues
Diageo has raised its outlook for the first half on the back of a good start to its new financial year, with the US business performing ahead of expectations.
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NewsWhole Foods Market sees losses increase
Amazon-owned Whole Foods Market lost a further £6.7m last year despite slimming down its estate to focus on more profitable London stores.
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NewsCity news: AG Barr shares flourish after showing Covid resilience
Shares in Irn-Bru maker AG Barr fizzed more than 15% higher to 430p on Tuesday after it assured investors of the strength of its balance sheet and floated the prospect of a resumption in dividend payments next year.
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NewsCity snapshot: LDC prepares Addo Food Group for £200m-plus sale
LDC is prepping chilled savoury pastries supplier Addo Food Group for a sale after more than three years of ownership, The Grocer has learned.
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NewsMedia Bites 25 September: Coronavirus, Morrisons, Pets at Home,
The government will cover almost a quarter of pay for workers in “viable” jobs for the next six months
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NewsNon-alcoholic spirits brand Lyre’s raises £9m in growth funds
The brand is available in more than 30 markets worldwide and is expanding into the RTD category in 2021
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NewsAddo Food Group’s PE owners ready £200m-plus sale
Addo could command a price tag of £200m-plus after strong growth under LDC’s ownership
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NewsHealthy eating tech startup Smash secures £1m funding
The app will offer 13 to 24-year-olds discounts on healthier food options at food-to-go retailers
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NewsMedia Bites 24 September: Uncle Ben’s, Tesco, Asda, Ocado
Uncle Ben’s is to change its name following criticism that its branding involved racial stereotyping
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NewsCity snapshot: Pets At Home upgrades profit expectations
Consumers flocked to its shops and veterinary operations over the summer
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NewsPZ Cussons profits dive but Carex is star performer in the UK
Carex drove growth in the first quarter and has increased UK market share to about 40%
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NewsGeneral Mills profits soar as consumers continue to eat more meals at home
Old El Paso recorded double-digit growth in Europe & Australia in the first quarter US food group General Mills has continued to benefit from increased in-home consumption despite consumers returning to restaurants as coronavirus lockdown restrictions eased. Revenues in its first quarter jumped 9% to $4.4bn, with ...
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NewsDrynks Unlimited secures £1m investment to boost production growth
The investment will support Drynks Unlimited in scaling up production and accelerating growth
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NewsCity snapshot: Trading improves at SSP as concessions reopen
Trading at travel concession group SSP has improved as sites across Europe continued to reopen
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NewsMedia Bites 23 September: Asda, coronavirus, AG Barr
Apollo is in pole position to take control of Britain’s third-biggest supermarket
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NewsAlbert Bartlett completes Kiddyum brand rescue deal
Albert Bartlett said it would continue to work with Kiddyum’s current listings, which include Sainsbury’s, Ocado, Co-op and Nisa,
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NewsMedia Bites 22 September: Coronavirus, Unilever, Aldi/Lidl
Global stock markets fell heavily into the red as concern grew that a second wave of lockdowns is on the way
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NewsCity snapshot: Profits lose fizz at Irn-Bru maker AG Barr as lockdown hurts hospitality sales
The shutdown of the hospitality sector during the first coronavirus lockdown in March hit the Irn-Bru maker
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NewsMedia Bites 21 September: Mondelez, Aldi/Lidl, Morrisons
Mondelez chief executive Dirk Van de Put hit out at sugar taxes, saying they were overly “restrictive” to consumers