Finance news – Page 335
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NewsGSK announces £1.7bn cost savings but stops short of consumer healthcare demerger
SK’s consumer healthcare sales fell 1% to £1.8bn in the second quarter, but the company failed to split off the consumer arm as recently predicted
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NewsNestlé vows to continue battle to protect EU trademark of Kit Kat shape
The ECJ today (25 July) threw out the confectionery giant’s appeal against a previous judgement by the EU General Court
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NewsCoca-Cola grows organic second quarter sales by 5%
Soft drinks giant Coca-Cola Company (KO) has reported 5% growth of organic sales in the three months to the end of the June, though headline revenues fell 8% due to the refranchising of its bottling operations.
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NewsEagle Eye losses grow despite 33% sales boost
Grocery tech firm Eagle Eye Solutions has recorded a 33% jump in full year sales, but its losses grew and customer volumes remain below expectations.
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NewsMedia Bites 25 July: Grocery sales, Britvic, Fever-Tree
UK grocery sales climbed at the fastest pace this year in the three months to mid-July as warm weather and England’s trip to the World Cup semi-finals boosted demand for alcoholic drinks.
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NewsCO2 shortage hits Britvic's third quarter sales
Britvic has reported a 3.4% increase in third quarter revenues to £366.9m, though revenue excluding the soft drinks levy fell 0.6% in the period as the CO2 shortage hit sales.
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NewsFever-Tree raises full year earnings expectations after strong first half
Fever-Tree expects its full year results to be “comfortably ahead of expectations” after posting first half revenue growth of 45%.
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NewsWorld Cup and hot weather drive supermarket sales surge
Grocery sales have jumped 3.6% in the 12 weeks to 15 July as the World Cup and the prolonged hot weather boosted trading according to Kantar Worldpanel.
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NewsMedia Bites 24 July: Tesco, McColl's, Heineken
Tesco is hiring staff for a new chain of discount stores called Jack’s as it seeks to face down budget rivals Aldi and Lidl.
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NewsQuorn to invest £7m in new R&D centre after 12% sales growth
The boom in meat-free has helped Quorn to double-figure growth which has prompted the business to announce a £7m R&D investment.
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NewsKari Daniels to take over as chief executive of Tesco Ireland
Daniels replaces Andrew Yaxley, who was made Tesco’s chief product officer earlier this month
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NewsDeliveroo calls for self-employed riders to be allowed holiday pay
Deliveroo is calling for a ‘charter for secure flexible work’
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NewsCity snapshot: McColl's profits plunge after P&H collapse disruption
Like-for-like sales at convenience chain McColls grew 2.7% in the “most challenging six months the company has faced” as the company was impacted by the failure of Palmer & Harvey. Plus, Tesco readies discount chain launch and all the rest of the latest news from the City.
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NewsMedia Bites 23 July: Tesco, Poundworld, Quorn
Tesco is preparing to launch a new discount chain as early as September, as the supermarket ramps up its battle with the discounters Aldi and Lidl.
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NewsBrazil truck strikes drag growth down at Unilever
Unilever has spent much of the past few weeks trying to unite shareholders over its planned corporate relocation to the Netherlands, but it was left frustrated by South American affairs on Thursday as shrinking profits were blamed on trucking strikes in Brazil.
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NewsLab-grown meat startup raises $8.8m for commercial launch
The cultured meat startup is looking to make its products commercially available by 2021
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NewsMuddle & Mash and London Cellar hire liquidators
High-end cocktail mixer manufacturer Muddle & Mash has closed its doors after profitability steeply declined
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NewsSainsbury's warned of risk to reputation over WH Smith trial
The move could ‘negatively impact consumers’ view of Sainsbury’s’ through association with WH Smith
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NewsIntersnack picks up Popchips as market for snacks hots up
The flurry of dealmaking in the UK bagged snacks sector has continued unabated with Intersnack snapping up Popchips in Europe and other crisp makers subject to bid interest.
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NewsCity snapshot: Manomasa maker It's All Good eyes sale options
After a flurry of dealmaking in the UK bagged snacks sector, The Grocer understands Manomasa and Mexican Dave’s owner It’s All Good is also exploring sale options.