Finance news – Page 366
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NewsLidl set to hit 700 UK stores mark with five openings
Lidl will already have launched 19 new stores in 2018 by the end of this month
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NewsEuro Garages completes takeover of 1,100 Italian Esso sites
Last week Euro Garages agreed a £2.2bn deal for Kroger’s 800-strong US convenience store network
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NewsColm O’Dwyer made Weetabix UK & Ireland commercial director
O’Dwyer joined Weetabix in March 2015 after 18 years with Coca-Cola Enterprises
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NewsCo-op to spend over £28m on store investment programme in London
The retailer said it would open a record number of new stores in the capital this year including 30 new food stores
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NewsAsda CEO promises more 'everyday low prices' in new strategy
Roger Burnley told suppliers the retailer was still “too expensive”, despite its recent Rollbacks
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NewsMedia Bites 15 February: Tesco/Booker, Danone, Coca-Cola HBC, Tangerine Confectionery
An activist US hedge fund trying to push Tesco to pay more for Booker claims that a growing number of shareholders supports its position.
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NewsNestlé misses growth expectations as sales falter in fourth quarter
Full-year profits at Nestlé slumped as sales growth at the Swiss food giant came in below expectations after a sluggish fourth quarter
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NewsDanone to reduce its 21.3% stake in Yakult
Danone has announced it is to sell part of its 21.3% stake in Japanese probiotic yorhurt producer Yakult.
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NewsDanone the first UK dairy company to gain B Corp certification
B Corp certification ’is to business what Fairtrade is for coffee’, the NGO says
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NewsCity Snapshot: Volume and price growth drive “exceptional” year at Coca-Cola HBC
European Coke bottler Coca-Cola HBC (CCH) has reported a 5.9% jump in organic sales and a double-digit growth in profits as both volume and price growth boosted its full-year performance. Plus, Danone to sell down some of its 21.3% Yakult stake and all the rest of the latest news from the City.
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NewsMedia Bites 14 Feb: Crowdfunding, Inflation, Quorn
Fresh concerns have been raised over selling ‘mini bonds’ via crowdfunding after Square Pie collapsed, with 324 bondholders standing to lose hundreds of thousands of pounds.
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NewsHeat not burn tobacco receives qualified boost in PHE report
Public Health England report acknowledges new devices are ‘considerably less harmful’ than cigarettes
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NewsTesco and Nestlé lead way in plant-based food shift
A report by food and farming thinktank FAIRR has named the two companies as best-placed to take advantage of the trend towards plant-based eating
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NewsAmazon to cut hundreds of jobs at its Seattle HQ
The online giant is to shift resources into fast-growing areas like its work on voice assistant technology Alexa
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NewsCity snapshot: Meridian snapped up by SHS Group in £50m deal
Nut butter brand Meridian has been bought by Northern Irish consumer goods company SHS Group in a deal exclusively flagged by The Grocer. Plus, the FTSE starts the week on the front foot and all the rest of the latest news from the City.
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NewsMedia Bites 13 Feb: Plant-based foods, Morrisons, Amazon
Whole Foods and Costco have been criticised for their inadequate response to an investor push for food companies to decrease their reliance on meat and animal products.
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NewsSHS Group acquires Meridian and Rocks owner 3V Natural Foods
Northern Irish consumer goods company SHS Group has acquired a majority stake in nut butter brand Meridian to add to its growing portfolio of brands, as tipped by The Grocer last month.
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NewsStruggles of former UK confectionery arm hit Raisio’s profits
Full-year sales and earnings at Finnish food group Raisio fell last year as a result of “challenges” in its now-divested UK confectionery business. However, the company is now targeting acquisitions as part of a wider turnaround plan.
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NewsUK food & drink exports hit record highs in 2017, says Defra
The figures, presented by Defra as a ‘Brexit boost’ were up by more than £2bn in real terms on 2016, it said…