Finance news – Page 258
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NewsJust Eat shares fall despite 25% third quarter sales increase
Investors have been unimpressed despite double-digit increases in orders through Just Eat
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NewsCity snapshot: Consumer confidence dented by Brexit uncertainty
Brexit uncertainty and a slowdown in the jobs market hit consumer and business confidence in the third quarter, with a further drop in confidence and slowdown in consumer spending tipped for next year.
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NewsMedia Bites 21 October: Gail’s Bakery, Iceland, Brexit
Entrepreneur Luke Johnson is reviving plans for a sale of his Gail’s Bakery after sounding out bankers about an auction of part or all of Bread Holdings.
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NewsUnilever enjoys shares boost despite weaker sales
Unilever revealed slowing sales growth on Thursday, but its shares were boosted by investor relief that a slump in ice cream sales hadn’t hit the consumer giant’s top line harder.
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NewsWalkers sales and margins hit amid intense competition
The sales and profits of UK’s biggest crisps brands Walkers were hit last year by consumers shifting away from its core range and a poor potato harvest increasing costs.
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NewsBurleighs Gin raises £500k to smash crowdfunding target
Burleighs Gin has smashed its crowdfunding target, raising just shy of £500k as it looks to upscale operations and break into the US market
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NewsMars Wrigley Confectionery sales pass £1bn as it benefits from category growth
The confectionery giant posted revenue growth of 31.9% on its 2017 accounts to pass £1bn for the first time…
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NewsCity snapshot: Danone lowers growth forecast despite third quarter sales uplift
French food giant Danone has lowered its 2019 like-for-like sales guidance despite reporting revenues growth in its third quarter. Plus, Remy Cointreau announces lower first half sales and all the rest of the latest news from the City.
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NewsMedia Bites 18 Oct: Tariffs, Brexit, Asda
UK producers of Scotch Whisky and biscuits are bracing for a significant financial hit as new 25% US tariffs came into effect from today
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NewsPret a Manger set aside £10m for food allergy scandal costs, accounts reveal
Pret a Manger set aside almost £10m to cover legal costs after it became embroiled in a major food allergy scandal, newly filed accounts have revealed.
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NewsUgly Drinks secures ‘multi-million-dollar’ fundraise
The British-founded brand plans to use the funds for further expansion in Europe and the US…
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NewsSeabrook Crisps sales boosted by own-label wins in first year under Calbee
Sales and profits at Seabrook Crisps jumped during its first year under Japanese snacking giant Calbee.
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NewsFormer Diageo CEO Paul Walsh takes stake in Brockmans Gin
He has joined the company’s advisory board to help “shape strategy” for the next phase of development
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NewsSuppliers have ‘no clue’ about retailers’ no-deal Brexit plans
Survey finds none of 45 suppliers feltretailers had been clear about their no deal Brexit plans
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NewsCity snapshot: Unilever’s sales growth slows on US and European weakness
Unilever’s underlying sales growth slowed to 2.9% in the third quarter as low growth in Europe and North America dragged back stronger sales in emerging markets. Plus, on a busy day, WH Smith announces $400m US acquisition, Nestlé launches CHF20bn buyback, Pernod Ricard posts muted first quarter growth and all the rest of the latest news from the City.
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NewsMedia Bites 17 Oct: Asda, Amazon/Deliveroo, Lidl
Approximately 12,000 Asda workers are currently facing the sack next month for refusing to sign controversial new contracts.
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NewsSLG Brands acquires three high street beauty brands for £15m
SLG Brands has added three more high street beauty companies to its portfolio, closing deals for a total of £15m.
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NewsHome Bargains outperforming B&M as revenues rise 15%
Home Bargains saw revenues grow by 15% compared with B&M’s UK revenue growth of 8.7%
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NewsInflation set to hike retail business rates by £137m
The controversial business rates system is calculated every April based on the CPI of the previous September
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NewsCity snapshot: Lidl makes £15bn British sourcing commitment
Lidl GB has pledged to invest £15bn in British food, farming and production over the next five years. Plus, Sainsbury’s restates 2018/19 accounts under IFRS 16, Casino sells 31 hypermarkets and all the rest of the latest news from the City.