Finance news – Page 248
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NewsJAB Holdings plans multibillion euro coffee IPO
Investment giant and global coffee player JAB Holdings has announced it is exploring a multibillion euro float of its Jacobs Douwe Egberts and Peet’s Coffee brands.
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NewsMedia Bites 18 Dec: Unilever, Brexit/Pound, British American Tobacco
Unilever’s warning it will miss growth targets puts pressure on chief executive Alan Jope to revive the consumer goods group as his first year in the job comes to an end.
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NewsLily’s Kitchen boosts European distribution with major German deal
Lily’s Kitchen has ramped up its international expansion by agreeing a deal with Germany’s biggest pet food retailer Fressnapf.
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NewsCranswick buys pig farming business Packington Pork
Cranswick has announced the acquisition of premium outdoor pig farming business Packington Pork from the Mercer family.
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NewsUnilever cuts sales growth expectations
Unilever has announced that its underlying sales growth for 2019 will be below current expectations due to “challenges” in some of its regions.
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NewsMedia Bites 17 Dec: Brexit, UK economy, Retail footfall
Boris Johnson will redraw his Brexit bill this week to make it illegal for parliament to extend the transition period — a move that puts a ‘no deal’ Brexit back on the table.
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NewsYoplait UK falls to loss amid sales slowdown and China arm sale
Yoplait UK slumped to a £55m pre-tax loss last year as the yogurt brand was hit by declining sales and a write down on the sale of Chinese arm.
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NewsM&S poaches Sainsbury’s Chris Marrow to help overhaul supply chain
Marrow will join M&S in spring 2020 after 14 years as Sainsbury’s logistics director
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NewsAsda triggers search for new finance chief as IPO plans ramp up
Asda has reportedly engaged a corporate headhunter to find a new finance chief to spearhead a float of the Walmart-owned supermarket chain.
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NewsMedia Bites 16 Dec: Retail footfall, General election, Iceland
The number of visitors to Britain’s high streets over the past six weeks is ‘significantly’ down on last year, raising fears of a disaster for some of Britain’s struggling shops.
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NewsGressingham hit by 88% profits decline
Duck specialist Gressingham experienced an 88% collapse in profitability after production issues hit its vital Christmas trade last year.
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NewsForeign lobbyists optimistic after election result
International food groups believe the chances of open UK markets have just increased
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NewsFood and drink to continue facing uncertainty
Boris johnson had to ’really honest’ about the challenge in negotiating post-Brexit trade deals, warned Welsh environment minister Lesley Griffths
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NewsTory victory: food and drink industry reacts to general election result
Key industry observers have been sharing their initial reactions to the result and offering predictions for the weeks and months ahead
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NewsGeneral election: analysts react as supermarkets and UK consumer stocks are bolstered by decisive result
Analysts and City commentators on the implications of Boris Johnson’s landslide victory and what the result means for consumer stocks, the pound and UK plc
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NewsFood and drink attention turns to new Brexit deadline as Conservatives sweep to victory
Industry demands end to uncertainty and smooth Brexit after Tories secure overall majority
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NewsCity snapshot: Pound surges as Conservative Party wins general election
The pound rose over 3% as the Conservative party secured a landslide victory in the election
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NewsMedia Bites 13 Dec: General Election, Sainsbury’s Bank, Ocado
Business cheers a conservative victory, Sainsbury’s receives offer for its £1.9bn mortgage book and Ocado promises “bigger and better” range under M&S
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NewsBread Holdings reports double-digit sales rise amid sale rumours
The artisanal bakery saw revenues soar 14% to £100.8m amid reports it could be heading for the auction block
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NewsGraze plunges into the red as acquisition costs bite
The UK-based healthy snacking company posted pre-tax losses of £1.2m in the year of its sale to Unilever