Finance news – Page 342
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NewsCity snapshot: Coca-Cola mulls £3bn swoop for GSK’s Horlicks
Coca-Cola is reported to be one of the clutch of multinational fmcg firms lining up to bid for Horlicks after GlaxoSmithKline decided to sell the 145-year old business. Plus, packaging firm DS Smith posts strong rise in sales and profits, Heineken to invest £40m in UK pubs and all the rest of the latest news from the City.
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NewsMedia Bites 18 June: Poundworld, Tesco, Sainsbury's, Iceland
Private equity shows how to make a dog’s dinner on the high street, writes The Times (£), citing Poundworld, Prezzo, Debenhams in the list of businesses that have confounded the buyout barons.
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NewsFarmdrop secures £10m in funding to expand across UK
This brings the total raised by Farmdrop to over £20m since its launch in 2014
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NewsCidermaker Thatchers' sales rocket 17% to grow profits
The manufacturer of Thatchers Gold and Thatchers’ Haze brands hit sales of £84.9m on the back of increased marketing investment
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NewsSainsbury's letter promises suppliers great opportunities
Sainsbury’s letter to suppliers promises ‘opportunity to streamline’ and to develop differentiated product ranges
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NewsRejuvenation Water seeks £150k investment from crowd
The drinks company, which has focused on health-driven consumer trends with the high protein drink, has returned to the cr…
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NewsPukka Herbs' losses mount despite 28% jump in annual sales
Revenues continued to soar at organic herbal tea brand Pukka Herbs, but losses mounted in the year leading up to its acquisition by Unilever.
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NewsConviviality Retail unsecured creditors owed £31m at time of collapse
The retail arm of stricken alcohol business Conviviality went into administration with unsecured creditors of £31.3m, newly released documents have revealed.
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NewsBooths abandons sale plan in favour of driving recovery
The chain, which has 28 stores, appointed investment bank Rothschild in November to examine options including a sale
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NewsFood Warehouse expansion drives 8% Iceland annual sales rise
Sales at Iceland rose 8% for the year ending 30 March 2018 driven by the expansion of its Food Warehouse concept and improved organic growth in the fourth quarter.
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NewsMedia Bites 15 June: Unilever, Majestic Wine, Farmdrop
Unilever has said it is “extremely” unlikely to stay in the UK’s FTSE 100 index once it shifts its corporate headquarters to the Netherlands
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NewsMajestic Wine trials two new store concepts
The wine retailer has given its Cheam store a new colour-coded layout and a ‘wine fitting’ station
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NewsCity snapshot: Tesco first quarter like-for-likes up 2.1%
Tesco’s growth plans are firmly “on track” after it reported a tenth consecutive quarter of growth, with UK like-for-like sales up 2.1% in the first quarter. Plus, sales at Iceland rose 8% for the year ending 30 March 2018 with like-for-likes up 2.3% and all the rest of the latest news from the City.
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NewsTayto expands again with buyout of The Real Pork Crackling Co
The Northern Irish snacking group has purchased the company from owner Chris Cunliffe for an undisclosed sum.
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NewsWarm weather boosts UK retail spending in May
UK retail sales defied expectations to jump up for the second month in a row in May, buoyed by the warm weather, according to the monthly retail statistics from the ONS.
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NewsMPs to look at extending Adjudicator's powers
Efra committee called for the Adjudicator to be granted powers to prevent the supermarket giants “dominating” the grocery
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NewsCity snapshot: Majestic Wine back in the black despite “challenging” home market
Majestic Wine has posted a full year pre-tax profit of £8.3m after reported a loss of £1.5m last year as the improved performance of its Naked Wines business boosted the bottom line. Plus, PZ Cussons warns Nigerian economic troubles will hit profits, NWF Group reports year head of expectations and all the rest of the latest news from the City.
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NewsMedia Bites 14 June: Just Eat/Deliveroo, Inflation, Connect Group
‘Takeaway wars!’ is the headline in The Daily Mail as shares in Just Eat plunge 10% as Deliveroo launches bid to steal arch-rival’s fast-food customers.
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NewsProfits up at Fullers Frozen Food after 5.7% sales increase
Sales at Fullers Frozen Foods jumped up 5.7% to £285m in 2017 from £269m, driving up profits despite cost increases
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NewsAmazon aiming for 30-minute delivery times using drones
UK country manager Doug Gurr said the UK had the opportunity to “lead the world” in drone technology…