Finance news – Page 210
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NewsUK food and drink exports show patchy signs of recovery
Exports of food and drink from Scotland, Wales and north east England have enjoyed a strong recovery according to new figures from the Food & Drink Federation, but the picture is mixed
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NewsGreencore names former Morrisons boss Dalton Philips as new CEO
Philips will replace outgoing CEO Patrick Coveney
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NewsCity snapshot: Executive pay trebles at Tesco to over £12m
Tesco has paid out more than £12m to its senior leadership team as executive pay strongly rebounded at the supermarket last year
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NewsMedia Bites 13 May: Salmonella/Cranswick, Coca-Cola HBC, Deliveroo
More than 100 products containing cooked chicken have been removed from sale after a salmonella scare at a major supplier
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NewsWaitrose warns of more inflation-driven “uncertainties” after falling to annual loss
Waitrose has fallen to a statutory loss of £2.3m in 2021/22 Waitrose has fallen to a statutory loss of £2.3m last year after trading profits were heavily impacted by supply chain challenges and pandemic-related costs. The supermarket swung to red from a profit of £126.3m the year ...
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NewsCanned wine brand Hun sold to owner as rival brand Babe exits UK
Hun, which was backed by Waitrose executive director James Bailey, has been acquired by its wine supplier Origin Wine after running aground
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NewsCity Snapshot: Coca-Cola HBC sales soar despite suspension of Russian orders
Eastern European Coke bottle Coca-Cola HBC has posted a strong rebound in growth despite facing a “turbulent environment” due to disruption in major markets of Ukraine and Russia
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NewsMedia Bites 12 May: Tesco, Compass Group, Boparan
Tesco is to convert unused shop space into mini offices as the supermarket seeks to cash in on demand from home workers
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NewsNomad sales volumes and margins slide amid 'difficult' economic conditions
Frozen foods giant Nomad posted headline sales growth in the first three months of 2022 despite tough comparisons and “difficult” economic conditions, but organic sales were down as volumes dropped back
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NewsPhilip Morris International agrees $16bn deal for Swedish nicotine pouch player
Swedish Match, the European producer of oral nicotine pouches, has agreed a $16bn deal to sell to global tobacco giant Philip Morris.
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NewsCity snapshot: Compass Group raises growth forecast as outsourcing picks up
Catering giant Compass Group has hiked its full year growth forecasts after getting back to pre-Covid sales levels at the end of its first half
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NewsMedia Bites 11 May: Philip Morris, Brexit checks, Cost of living
Philip Morris International has struck a $16bn deal to buy Swedish Match, as the tobacco company makes its biggest bet yet on the market for cigarette alternatives
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NewsCity snapshot: Rising cost of living puts brakes on retail spending
The rising cost of living has “crushed” consumer confidence and put the brakes on consumer spending, according to the latest figures from the BRC-KPMG Retail Sales Monitor
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NewsMedia Bites 10 May: McColl’s/Morrisons, Cost of living, Philip Morris
The papers heavily feature the news that Morrisons has secured a rescue package for convenience chain McColl’s, beating off competition from EG Group
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NewsMorrisons confirms McColl’s rescue package
Morrisons has confirmed it has agreed to buy convenience chain McColl’s from administration, saving all 16,000 jobs
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NewsMorrisons set to win McColl’s rescue battle
Morrisons has reportedly seen off EG Group to secure a rescue package for stricken convenience chain McColl’s
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NewsCity Snapshot: Morrisons and EG Group improve bids in fight for McColl’s
Morrisons and EG Group are reportedly locked in a two-way fight to rescue convenience chain McColl’s after both made a last-ditch improvement to their bids
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NewsMedia Bites 9 May: McColl’s, Cost of living, Lottery
Morrisons has tabled a last-gasp bid to wrest McColl’s Retail Group from the clutches of its Asda-owning rivals just hours before administrators are formally appointed to oversee its sale
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NewsCity News: Just Eat Takeaway.com: from bad to worse as senior team departs
The beleaguered group’s chair Adriaan Nühn agreed to step down ahead of what was expected to be a stormy AGM in Amsterdam on Wednesday
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NewsMcColl’s falls into administration after rescue talks fail
Convenience chain McColl’s has fallen into administration after failing to agree a financing package to ensure its survival