Finance news – Page 257
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NewsP&G announces move to cut 9,000 tonnes of plastic from supply chain
It is the latest in a swathe of big fmcg businesses to crack down on plastics over recent weeks
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NewsLabour shortages putting pressure on supermarkets to raise warehouse pay
Shortage means workers can pick and choose, while DCs are having to relax job requirements, says leading recruiter
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NewsCCEP invests in two tech-driven delivery start-ups
Coca-Cola European Partners has made its first investments under a new venture arm after taking stakes in two tech-based start-ups.
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NewsMedia Bites 24 Oct: Just Eat, Beyond Meat, Impossible Foods, Retail jobs
The hostile suitor trying to buy Just Eat must pay an extra £1bn to take it over, a major shareholder has said.
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News
Brain Füd turns to the crowd to fund switch to cans
A legal spat with Red Bull has forced a change to Brain Füd’s packaging and slogan
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NewsGrocemania expands out of London with dozens of new retailers
New symbol retailers include a Nisa, Costcutter and Simply Fresh stores
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NewsUp to 270 jobs at risk as Tulip starts consultation at Bodmin meat plant
The site is understood to have lost about £20m during the past two years
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NewsUber Eats makes convenience move with Costcutter delivery tie-up
Retailers within the symbol group will be able to sign up to Uber Eats through the Costcutter Supermarkets Group
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NewsCity snapshot: Heineken third quarter sales rise on Asia-Pacific strength
Heineken has reported a 2.3% organic increase in beer sold during the third quarter driven by double-digit growth in Asia-Pacific. Plus, Carrefour Q3 like for like sales up 2.3% despite French weakness and all the rest of the latest news from the City.
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NewsMedia Bites 23 Oct: Just Eat, Uber Eats, Tariffs
Naspers, the South African tech conglomerate, has tried to gatecrash a merger of two of Europe’s biggest food delivery groups
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NewsSoft drinks maker Clearly Drinks buys Revolution Waves water
Soft drinks maker Clearly Drinks has acquired flavoured water brand Revolution Waves for an undisclosed sum.
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NewsSupermarket prices fall back in September
Supermarket prices edged back into deflation last month for the first time since April, according to the latest Grocer Price Index.
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NewsWinnow targets $1bn food waste reduction following £9m fundraise
The technology startup last week raised more than £9m in a funding round
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NewsP&G raises outlook after first quarter sales boost
Procter & Gamble first quarter sales were boosted by higher demand for its healthcare and beauty products
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NewsJust Eat rejects new £4.9bn rival takeover bid
Just Eat has announced it has rejected a £4.9bn offer from South African investment firm Prosus, pledging instead to continue with its all-share merger with Dutch contemporary Takeaway.com.
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NewsTech consultancy Happen acquired by Accenture
Happen has worked with a long line of brands and retailers to help identify market opportunities create of new products
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NewsCity snapshot: Reckitt cuts full year forecast after ‘disappointing’ third quarter
Reckitt Benckiser has cut its full year growth expectations after issues in China and the US led to a “disappointing” third quarter. Plus, Devro shuts Scottish factory, new CFO for Ahold Delhaize, trading update from McBride and all the rest of the latest news from the City.
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NewsMedia Bites 22 Oct: Just Eat, Asda, Coty
Slowing order growth in Just Eat’s core business spooked investors yesterday
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NewsSMEs and startups feel unsupported by fmcg industry, research finds
Four in five fmcg startups feel unsupported and abandoned by the wider industry, research by Young Foodies has shown
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NewsCoconuts Organic returns to crowdfunding to fund exports and NPD
The non-dairy ice cream maker is now targeting £160k in exchange of a 6.3% stake in the business