Finance news – Page 297
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NewsDeal activity in 2018 unaffected by Brexit but value sinks
Food and drink deal activity remained buoyant in 2018 despite concerns over the impact of Brexit uncertainty, though the value of UK deals last year fell markedly.
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NewsProfits plummet at Butcher's petfood maker after costs soar
The company made “rapid progress” in the 2018 financial year amid significant invesment
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NewsThe Food Market secures £400k from private investors
The e-commerce site founded by Wendy Snowden will use the funding to drive digital and marketing investment
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NewsSpar wholesaler warns of no-deal Brexit supply shortages
The buying team at the Lancashire-based family business sent a lengthy list of both branded and own-label lines it said faced potential stock issues
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NewsTesco and Carrefour call in suppliers for Geneva crunch talks
The two supermarket chains set up a strategic alliance last summer to achieve cost savings
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NewsSugar tariffs set to squeeze suppliers in event of no deal
Under the UK’s temporary tariff schedule, published this week, white sugar would face a tariff of €150/tonnes
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NewsCity Snapshot: Deal activity in 2018 unaffected by Brexit but value sinks
The number of food and drink deals in 2018 stayed in line with previous years despite Brexit concerns, profits slide at Wetherspoons on the back of labour costs and the rest of the news from the City
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NewsMedia Bites 15 March: Unilever, Casino, Ocado
The new boss of Unilever has shaken up its senior management and promoted one of his former rivals
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NewsLondon chocolatier Prestat bought by coffee giant Illy Group
The luxury chocolate manufacturer has been taken over by the Italian family firm for an undisclosed sum
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NewsCity snapshot: Casino plans €2.5bn of asset sales as its targets convenience and online growth
French hypermarket chain Groupe Casino has raised its target from the sale of non-core assets from €1.5bn to €2.5bn over the next year. Plus, the pound rises to multi-month highs as ‘no deal’ Brexit threat recedes and all the latest news from the City.
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NewsMedia Bites 14 March: Brexit, Spring Statement, Morrisons
The pound has jumped to highs last seen in June 2018 after Parliament rejected a no-deal Brexit and investors saw less risk of a disorderly exit from the European Union.
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NewsMorrisons refuses to rule out Brexit driven price hikes
Morrisons chief executive David Potts refused to rule out passing Brexit-related cost increases onto customers, after ‘no deal’ tariff rates were confirmed
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NewsBoparan offloads Green Isle Foods and Donegal Catch to Irish consortium
The sale marks the 2 Sisters owner’s latest divestment as it focuses on its core poultry operation
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NewsCity snapshot: Morrisons profits jump as wholesale arm drives sales
Profits jumped 8.6% at Morrisons on the back of strong revenue growth in its wholesale arm, retail technology business Eagle Eye saw half-year sales surge 30% and the rest of the news from the City
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NewsMedia Bites 13 March: Brexit, Domino's Pizza, GSK
Britain would slash tariffs on the vast majority of goods entering the country in a no-deal scenario, the government has confirmed
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NewsBrindisa Spanish Foods plans northern growth with new hires
The speciality wholesaler has operated in the south of England for 30 years
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NewsSupermarket REIT targets £25m raise to buy new property
The move would take the fund’s assets to well over £340m
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NewsOcado plans for robot order packers derailed by Andover fire
The robot prototypes were held at Andover and destroyed along with the rest of the facility
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NewsCity snapshot: PureCircle counts the cost of switch to new stevia generation
Stevia producer PureCircle has posted a 5% drop in sales and an escalation of first half losses after reformulation and writedowns hit its performance. Plus, Domino’s Pizza Group reports on “mixed year” as international business drags down performance, staffing changes at Carlsberg and all the rest of the latest news from the City.
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NewsMedia Bites 12 March: Paul Polman/Unilever, Brexit, Inflation basket
Paul Polman, the former head of Unilever, took home €11.7m, including an annual bonus of nearly €2m, in a year in which the company faced heavy criticism.