Finance news – Page 323
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NewsMedia bites 5 October: Unilever, Waitrose, Amazon
Unilever has withdrawn plans to move its headquarters from London to the Netherlands after shareholder pressure
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News2 Sisters in major senior management shakeup
Three of Kers’ “trusted lieutenants” from Müller have taken top jobs in 2 Sisters’ people, poultry and transformation departments
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NewsMeantime posts drop in profitability after Asahi acquisition
Meantime pro-rata sales have fallen 9.4% from £21.2m
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NewsFormer Russell Hume directors acquire butcher Nigel Fredericks
Nigel Fredericks Ltd fell into administration last month
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NewsCity snapshot: BRC calls for action on business rates as shop numbers plunge by 3,200
The British Retail Consortium has again called on the government to overhaul the UK’s “outdated” business rates system after new official figures showed the number of physical shops fell by 3,200 over the past four years
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NewsMedia Bites 4 Oct: Tesco, Unilever, McDonald's
Tesco is set to take action after Christmas to fend off food shortages unless the government has cut a Brexit deal that ensures the free flow of goods from Europe, writes The Guardian.
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NewsCalbee expands UK snacking footprint with Seabrook acquisition
Japanese snacking giant Calbee has agreed to acquire Seabrook Crisps for an undisclosed sum.
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NewsNestlé ends Indofood joint venture amid palm oil furore
The fmcg giant said the decision was driven by “commercial reasons”
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NewsCostcutter sales slump on P&H effect and MFG contract loss
The P&H collapse resulted in Costcutter incurring exceptional charges of £42m
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NewsBooker acquisition helps drive Tesco to first half sales and profits jump
Tesco has posted a double-digit rise in group sales and operating profits as the integration of Booker and a strong second quarter boosted performance
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NewsMedia Bites 3 Oct: Amazon, Unilever, PepsiCo
Amazon has raised the pay of thousands of workers in the UK and US, after coming under fire from campaigners over its low wages and poor working conditions.
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NewsPepsico tops earning estimates in Nooyi's final quarter as CEO
Pepsico beat earning expectations as its beverage sales returned to growth, in Indra Nooyi’s final quarter in charge.
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NewsPlantain crisp maker Bmac up for sale after administration
The Afro-Caribbean food producer hired administrators Greenfield Recovery this month, who are hoping to complete a sale “within weeks”.
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NewsHendrick’s Gin opens £13m distillery expansion
The new facility has doubled capacity from one million litres of gin a year to two million
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NewsLavazza to buy Mars' coffee business for $650m
Italian coffee giant Lavazza is to buy the coffee arm of Mars, Mars Drinks, in a deal worth up to $650m.
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NewsMedia Bites 2 October: Aldi, Unilever, Tesco
Aldi has pledged to keep the “contract” with its customers by cutting prices below Tesco’s budget brand Jack’s, as sales hit an all-time high of £10bn in the UK and Ireland
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NewsPlanet Organic to double store count following acquisition
Inverleith LLP has purchased a majority stake in the organic supermarket for around £15m
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NewsHovis to cut 100 jobs after posting £11m losses
The baker has sold its Manchester and Selby mills, and will close its Southampton mill at the end of the year
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NewsAndrew Cracknell given 'clear mission' as new CEO of Tulip
The former 2 Sisters red meat boss been tasked with restoring earnings at Danish Crown’s UK pork business
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NewsAldi will cut prices to stay cheaper than Jack’s, says UK CEO
A recent price comparison by The Grocer found Tesco’s new discount chain was £1.87 cheaper for a basket of 35 items