Finance news – Page 332
-
NewsMedia Bites 14 Aug: Monsanto/Bayer, British gin, Campbell Soup
Monsanto has been ordered to pay $289 million in damages over alleged links between weedkiller and cancer, knocking almost €9 billion off the value of its German owner yesterday.
-
NewsRisk of petrol price hike, warn MP and Fair Fuel UK
MP for Robert Halfon and the Fair Fuel UK campaign have called for an independent fuel price watchdog
-
NewsAB InBev announces Paula Lindenberg as new UK & Ireland boss
She will replace current UK president Jason Warner when he becomes zone president for Europe in January 2019
-
NewsRetail footfall falls in July but high street stabilises
Retail footfall fell back another 0.8% in July as the hot weather hit shopper numbers, but the high street showed a modest recovery after numbers plunged last year.
-
NewsMedia Bites 13 Aug: Young's, Asda/Sainsbury's, EU workers
Young’s Seafood has become the subject of a three-way bid battle as a potential £200m sale of the frozen food manufacturer nears conclusion.
-
NewsSales suffer at Thorntons after first full year under Ferrero
Chocolate retailer and supplier Thorntons has suffered a sharp drop in sales and an expansion of losses in its first full financial year under Ferrero ownership.
-
NewsCoca-Cola European partners flattened by France and Spain despite levy boost
The soft drink levy provided a much-needed boost for CCEP despite being expected to stifle fizzy drink makers as sales dived elsewhere in Western Europe
-
NewsOppo secures funding to ease cash shortfall after growth
The fast-growing business secured the loan from private investors following 500% sales growth this summer
-
NewsNakd sales growth slows under Lotus ownership
The maker of Nakd healthy cereal bars Natural Balance Foods has continued to grow sales under the ownership of Lotus Bakeries, but its rate of growth has slowed dramatically since its £60m sale.
-
NewsNew owners bring cereal bar maker Halo Foods back in profit
The Harvest Cheweee maker completed a turnaround in 2017 to jump up to a £361k pre-tax profit from a £3.1m operating loss
-
NewsFeed shortages push prices up as heatwave hits home
Christmas turkey could be up to 5% more expensive in supermarkets, warned the BTF
-
NewsCity Snapshot: Valeo Foods set to buy Dip-Dab maker Tangerine in £100m-plus deal
The owner of Fox’s mints is reportedly set to buy Tangerine, the maker of classic sweets including Dip-Dab and Blackjacks, in a £100m-plus deal. Plus, sources close to Poundworld’s administrators have advised caution over reports today that 50 branches of the discounter chain have been saved and the rest of the latest news from the City.
-
NewsMedia Bites 10 Aug: Poundworld, Tangerine, Coca-Cola Hellenic
An Irish family that owned a chain of discount retailers has agreed to buy 50 Poundworld stores on the last day of trading for the collapsed business
-
NewsSupermarket price inflation drops to lowest level for 18 months
Supermarket price inflation has hit its lowest level for 18 months as the post-Brexit jump in grocery prices continues to stabilise.
-
News2 Sisters unveils major restructure of poultry business
The plan, unveiled by new CEO Ronald Kers, includes the merger of its UK poultry and added-value businesses into one division
-
NewsCity snapshot: World Cup boosts first half sales at Coca-Cola HBC
European FTSE 100 coke bottler Coca-Cola HBC has reported a 6.4% first half jump in sales as the World Cup and warm weather boosted volumes in the second quarter. Plus, half year results from Irish groups Kerry Group and Glanbia and all the rest of the latest news from the City.
-
NewsMedia Bites 9 August: Casino, High street, Sterling
Shares in France’s Casino hit their lowest point since 1996 after questions were raised about about the retailer’s debt levels.
-
NewsAldi promises carbon neutrality by 2019
The discounter was recently ranked as one of the “dirtiest polluters” among UK supermarkets
-
News'Sugar tax' fails to impact shopping habits
Just 1% now say they plan to stop drinking sugary soft drinks
-
NewsFirst half profits rise 8.6% at Stock Spirits Group
Premium spirit supplier Stock Spirit Group (STCK) saw profits jump 8.6% for the half-year, despite “challenges in its core markets”.