Finance news – Page 312
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NewsVillage Bakery hires advisors to secure PE investment
Welsh own-label supplier The Village Bakery has hired advisors in a search for external investment to drive future growth.
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NewsCity snapshot: Associated British Foods warns of “tough” retail market
Associated British Foods has warned of the impact of a “tough” retail market on its Primark clothing chain, which experienced “challenging” conditions in November. Plus the FTSE has its worst day since Brexit and all the rest of the latest news from the City.
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NewsSainsbury's milk supplier Tomlinsons appoints advisors to explore possible sale
It comes amid warnings of overcapacity and ‘wafer thin’ margins across the processing sector
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NewsMarket share gains drive first half growth at packaging giant DS Smith
FTSE 100 packaging firm DS Smith has grown organic revenues by 3.2% in the first half due to volume growth and market share gains and announced plans to sell its plastics division.
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NewsMedia Bites 6 Dec: Patisserie Valerie, Deliveroo, Beyond Meat
Scandal-hit cake and coffee chain Patisserie Valerie has secured the services of a new finance chief after a hiatus of almost two months.
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NewsFiona Kendrick to step down as Nestlé chairman
Kendrick joined Nestlé in 1980, taking on a number of roles in the UK and overseas
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NewsEx-Dairy Crest dairies MD Mike Sheldon takes reins at Vitacress Salads
Sheldon most recently worked for Medina Dairy, and left Dairy Crest in 2015
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NewsPatisserie Valerie appoints interim finance boss amid accounting scandal
The crisis-stricken owner of Patisserie Valerie has appointed an interim CFO.
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NewsMedia Bites 5 December: Greencore, Unilever, Food waste
The boss of Greencore has warned Britons could face fewer sandwich options in the event of a chaotic withdrawal from the European Union
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NewsNisa Guildford forecourt to get vape store in £750k expansion
The forecourt will also include an in-store florist concession, a 1,500 sq ft food to go operation with in-store bakery and health food section
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NewsEvidence 'not enough' to justify children energy drinks ban
A report by MPs found existing evidence was not enough to justify its plans for a statutory ban on sales to kids.
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NewsMorrisons claims Sainsbury's-Asda merger will hit own-label quality
Morrisons also suggested it would be in the firing line if the merger goes ahead
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NewsFood to go drives Greencore sales increase after US exit
Greencore has posted a 4.2% rise in annual sales from continuing operations after the sale of its US business as its food to go revenues grew by double-digits.
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NewsMedia Bites 4 Dec: Sainsbury's/Asda, Unilever, McColl's
Tesco has said that the proposed merger of J Sainsbury and Asda should not go ahead unless “extensive remedies” are provided by its rivals, writes The Times.
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NewsHalf of shoppers to desert meat if UK allows chlorinated chicken imports
Research by the AHDB found that four out of five shoppers would change the way they shopped if the UK imported US meat
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NewsUnilever to buy GSK's health drinks business for €3.3bn
In 2018, the health drink portfolio delivered total turnover of €550m Unilever has agreed a €3.3bn deal to buy GlaxoSmithKline’s Indian consumer business, including malted milk drink Horlicks. The deal will boost Unilever’s footprint in one its fastest growing markets, beating reported interest from fellow consumer giants ...
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NewsMcColl's shares plummet after profit warning issued
Convenience retailer McColl’s shares plummeted 23% after it issued a profit warning, blaming problems relating to its Morrisons supply contracts
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NewsMedia Bites 3 December: Nestlé, Patisserie Valerie, Fortnum & Mason
Nestlé’s leadership has defended its governance arrangements against criticism from an influential activist investor, Patisserie Valerie is being sued over a bonus dispute and the rest of the news from The City
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NewsUK winemaker Boutinot to expand Henners vineyard after 'six-figure' funding
Wine distributor and producer Boutinot plans to expand the 10-acre vineyard near Hastings
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NewsRestaurant wholesaler Penta Foods bought out by directors following collapse
The family-run Farnborough-based business supplies a string of high-profile restaurant chains