Finance news – Page 316
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NewsMorrisons hikes milk prices in wake of farmgate increase
It comes amid concerns that extreme weather would tighten supplies and lead to prices rises
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NewsDebbie Robinson to become Central England Co-op CEO
The Spar UK board ‘reluctantly’ accepted Robinson’s resignation
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NewsGavin Darby announces Premier Foods departure as it seeks Ambrosia sale
Premier Foods’ CEO Gavin Darby has announced he is to step down in January, while it has also said it is in talks to sell its Ambrosia brand
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NewsMedia Bites 13 Nov: Tobacco shares, Diageo, Kellogg's
Billions of pounds were wiped off the value of two British tobacco companies yesterday after reports that American regulators plan to ban menthol cigarettes.
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NewsFormer L’Oréal MD Jeremy Schwarz joins Good Hemp as Chairman
Plant-based food and drink business Braham and Murray Good Hemp has appointed Schwarz after four years leading The Body Shop
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NewsTesco faces massive equal pay claim as hearing begins
More than 8,000 workers are challenging the retail giant on equal pay
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NewsChocolate brand Montezuma's sells majority stake to PE group Inverleith
Consumer-focused private equity group Inverleith LLP has bought a majority stake in premium chocolate brand Montezumas
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NewsDiageo to sell 19 brands to Sazerac for $550m
Booze giant Diageo has announced plans to sell a portfolio of 19 spirit brands to US group Sazerac in a deal worth US$550m.
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NewsMedia Bites 12 November: Supermarket waste, Amazon, Sainsbury's/Asda
Supermarkets, retailers and major drinks brands are set to pay tens of millions of pounds more towards recycling their used packaging under the government’s new waste strategy
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NewsCity News: M&S calls for action as food and clothing sales slide
M&S top team Archie Norman and Steve Rowe called for “significant change” as it reported a further decline in first-half sales
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NewsBon Bon Buddies in 'complete restructure' after debts mount
The struggling Welsh sweet maker confirmed a Company Voluntary Arrangement with creditors last month
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NewsDeflation hits supermarket prices for first time in two years
The Grocer Price Index has found that supermarket prices are back in deflation for the first time in almost two years.
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NewsCafePod appoints advisors to secure £3m investment to fuel expansion
The supplier has appointed boutique firm Bluebox to secure the funding from an investor, which would value the business at £30m
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NewsKellogg's UK sales drop £50m as Pringles decline continues
Kellogg’s recorded a £50m plunge in UK sales in its most recent financial year as its Pringles lost sales to add to the structural decline of its cereals.
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NewsEG Group to buy Australian chain Woolworths Petrol in A$1.7bn deal
EG Group, previously Euro Garages, will take control over Woolworth Group’s 540 site network
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NewsDeal sought for Jools Drinks brand and assets
Owner Kmera Ltd is seeking a sale for the brand’s assets, intellectual property and designs
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NewsCity snapshot: Bon Bon Buddies agrees rescue plan after debts mount
Licensed confectionery manufacturer Bon Bon Buddies has agreed a rescue plan with creditors, a new report reveals 14 shops a day have closed on UK high streets so far this year, and the rest of the City news
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NewsMedia Bites 9 November: Sainsbury's, Iceland, Tate & Lyle
Sales at Sainsbury’s have picked up after the supermarket group benefited from the hot UK summer and lowered its prices, but warned of an “uncertain” outlook
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NewsBooker company secretary & CFO leave in wake of Tesco merger
CFO Jonathan Prentis and company secretary Mark Chilton have been stalwarts of the business since it was spun out from the Big Food Group in 2005
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NewsKitwave Wholesale Group eyes acquisitions to boost growth
Wholesaler reported full-year pre-tax profits up from £165,000 to £3m on turnover up by more than £45m to £341m…