Finance news – Page 271
-
NewsMedia Bites 12 Aug: Stockpiling, Retail Footfall, Asda
Britons have spent £4bn stockpiling goods in preparation for a possible no-deal Brexit
-
NewsSnack startup AP Brands seeking £500k in crowdfunding
The crisps, popcorn and pork crackling producer will hit Crowdcube on 12 August
-
NewsRetail staff vacancies in ‘substantial’ decline, figures reveal
Retail ranked bottom of the league table compared with other sectors
-
NewsIlly brings UK coffee distribution in house
Euro Food Brands has managed sales and distribution for over 25 years
-
NewsKitwave acquires chilled product wholesaler Central Supplies
The deal marks Kitwave’s first major acquisition since it bought on-trade alcohol wholesaler HB Clark in 2016
-
NewsMedia Bites 9 Aug: Kraft Heinz, Uber, Aldi
Kraft Heinz shares tumbled after the packaged food giant reported a fall in pre-tax profits of over 50%
-
NewsCity snapshot: Tangerine invests £7.5m in York plant as it consolidates Big Bear production
UK-based sweet maker Tangerine Confectionery has invested £7.5m in its York factory as it formally integrates Big Bear Confectionery months after merging with the struggling brand. Plus all the rest of the latest news from the City.
-
NewsTangerine to manufacture key Big Bear brands at upgraded York factory
The investment will see production of Big Bear’s key Fox’s and Poppets brands move to Tangerine’s York site.
-
NewsKraft Heinz woes continue as it reports ‘unacceptable’ interim results
The packaged food giant reported pre-tax profits of $1.17bn, down 50% year-on-year
-
NewsCity snapshot: CCEP shrugs off poor weather to post first half growth
Coca-Cola European Partners has posted a “good” rise in first half sales volumes, revenues and profits despite poor weather in the second quarter of the year. Plus, first half trading updates from Coca-Cola European Partners, Kerry Group and all the rest of the latest news from the City.
-
NewsMedia Bites 8 Aug: Diageo, Pizza Express, Brexit/Exports
A boom in the number of teetotalers and health-conscious drinkers has prompted Diageo to take a majority stake in non-alcoholic spirits brand Seedlip.
-
NewsNumber of food & drinks suppliers in ‘distress’ grows amid economic slowdown
The number of food & drinks manufacturers in financial distress has increased by a further 3%, as Brexit uncertainty and weak consumer spending took its toll
-
NewsAston Manor profits plunge despite sales increase as exceptional costs hit
Profits have tumbled at cider producer Aston Manor despite sales rising 5% in the first year of ownership under French co-operative Agrial as one-off costs hit the bottom line.
-
NewsDiageo swoops for a majority stake in Seedlip
The deal – completed for an undislosed amount – follows Diageo’s minority investment in Seedlip in 2016
-
NewsFDF calls for relaxation of rules to aid no-deal planning
Competition lawyers are not expecting the government to allow a relaxation of the rules
-
NewsCity snapshot: Applegreen agrees $38m Connecticut plazas deal
Applegreen has further expanded in the US with the 40% acquisition of 23 highway services plazas in Connecticut for $37.6m. Plus, second quarter net sales rise 1.5% at Ahold Delhaize after a strike hits headline revenues and all the rest of the latest news from the City.
-
NewsMedia Bites 7 Aug: FDF/Brexit, Diageo, AB InBev
The Food and Drink Federation has asked the government to waive aspects of competition law to enable businesses to co-ordinate and direct supplies with each other in the case of a no-deal Brexit scenario
-
NewsHarvey Nichols bakery supplier expects £8k hit after Whaley Bridge dam evacuation
Derbyshire-based wholesale bakery Buxton Pudding Co was forced to halt production and abandon its premises after the partial collapse of the local dam
-
NewsBRC-KPMG lament retail malaise
Like-for-like sales of food fell 1% in the three months to July, according to the latest data from the British Retail Consortium and KPMG.
-
NewsMedia Bites 6 August: Tesco, M&S/Ocado, Takeaway.com/Just Eat
Usdaw said its Tesco members were ”shocked and dismayed”