Finance news – Page 324
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NewsCity snapshot: Aldi UK and Ireland sales top £10bn as it pledges 130 new store openings
The UK and Irish arm of German discounter Aldi grew annual sales by 16.4% last year to £10.2bn and has pledged to open a further 130 stores over the next two years
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NewsMedia Bites 1 Oct: Tesco, Unilever, Harrods
Investors are braced for Tesco to report slowing sales growth this Wednesday despite a boost from the summer heatwave and England’s World Cup run.
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NewsKarro plans "significant M&A" after CapVest takeover
“Significant M&A” is planned at Karro Foods after the pork processor was bought by CapVest last year.
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Müller losses deepen on back of Dairy Crest dairies takeover
Müller’s UK and Ireland business fell further into the red as costs from its Dairy Crest dairies acquisition in 2015 continued to eat into profits.
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NewsUK snacks brand Kings Elite acquired by Australian tycoon
The York-based business has been sold to entrepreneur Tony Quinn for a figure north of £20m
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NewsAG Barr defies soft drinks headwinds to post sales jump
Customers may have kicked up a stink about the reformulation of AG Barr’s Irn-Bru, but the soft drinks maker kept sales bubbling in the first half despite the UK sugar levy and CO2 shortage.
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NewsMedia Bites 28 Sep: Sainsbury's/Asda, Bourbon, Pret
The news this morning is being dominated by the Competition and Markets Authority’s reasons for sending the £14bn merger between Sainsbury’s and Asda to a full phase 2 inquiry
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NewsOC&C report reveals highest supplier growth since 2009
Profit margins among the Top 150 are suffering amid escalating input and labour costs
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NewsCity snapshot: Growth for UK food and drink suppliers soars 7.5%
UK food and drink suppliers have surged to their highest growth levels since 2009, but profit margins are suffering amid escalating input and labour costs
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NewsWhole Foods Market UK slumps to £8.6m loss following store closures
Whole Foods Market UK slumps to £8.6m loss after store closures
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NewsCity snapshot: Gusbourne's losses grow as it invests in double-digit growth
AIM-listed English wine producer Gusbourne has posted double-digit growth in the first half of 2018, but losses grew due to investment in capacity. Plus all the rest of the latest news from the City.
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NewsMedia Bites 27 Sep: Brexit, Unilever, Amazon
Food import prices are set to rocket under a no-deal Brexit as punitive EU trade tariffs are slapped on food shipped in from abroad.
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NewsSales dive 12.5% at Laila's Fine Foods after major contract loss
The manufacturer of frozen and chilled meals had a “disappointing” year, its directors said, as margins also decreased
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NewsSeachill wins £50m Tesco prawn supply contract
The deal will see it supply cooked and raw prawn to Tesco from both coldwater and warmwater fisheries
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NewsEx-Tyrrells boss David Milner named Lily's Kitchen CEO
Founder Henrietta Morrison becomes chair and global brand director
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NewsCity snapshot: SSP Group shrugs off weak rail sector to post full-year growth
Travel food to go specialist SSP Group (SSPG) expects to post full-year like-for-like growth of between 2%-3% after a solid fourth quarter
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NewsMedia Bites 26 Sep: Unilever, Next/Brexit, Hotel Chocolat
Executives at Unilever have come out fighting in the battle to convince its shareholders to back plans for a single headquarters in the Netherlands.
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NewsCranswick reveals 450-tonne drop in plastic use
It follows the launch of a series of initiatives such as removing single-use plastic items and using lighter plastics
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NewsGreenyard to sell horticulture arm to Straco in £107m deal
Greenyard said its focus would be on strengthening its performance in its core fresh and frozen operations
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NewsSales and profits surge at Hotel Chocolat
Sales and pre-tax profits both surged at Hotel Chocolat last year as new store openings and international ventures offset cost increases.