Finance news – Page 370
-
News
Keurig Green Mountain swallows Dr Pepper Snapple for $19bn in biggest ever soft drinks deal
Consumer group JAB Holding has agreed to acquire Dr Pepper Snapple for almost $19bn (£13.5bn) to merge the soft drinks giant with its own Keurig Green Mountain coffee business.
-
News
KP Snacks see price hikes across its best-known brands
Shelf prices of Hula Hoops, Butterkist and McCoy’s have risen for smaller formats in Tesco and Sainsbury’s
-
News
Brexit to hit food & drink and retail hardest, documents show
The analysis found that the agriculture sector may not be adversely affected
-
News
MFG to convert 80 forecourts to Esso following Greenergy deal
The conversions to Esso will take place between February and May…
-
News
Heart of England Co-op reports solid Christmas trading
The Co-op at Long Lawford enjoyed a 95% surge after it spent £1.3m on a rebrand and rebuild
-
News
Faccenda and Cargill unveil Avara Foods poultry joint venture
Business will be owned equally between Cargill and Faccenda
-
News
Media Bites 30 January: Dr Pepper, Conviviality, Amazon
Consumer group JAB Holding has agreed to pay $18.7bn in cash to acquire Dr Pepper Snapple and put it together with its Keurig Green Mountain coffee business to create a US beverage giant with annual revenues of $11bn.
-
News
City snapshot: Greencore sales rocket on UK food-to-go boom and US volume pick-up
Revenues at Greencore have leapt 54% to £640.5m in its first quarter thanks to booming food-to-go sales in the UK and a jump in US volumes. Plus, profits at PZ Cussons sank in the first half as margins were squeezed on tough trading in Africa and Europe, with the UK proving particularly difficult as shoppers spend cautiously.
-
News
Conviviality shares suffer following margins warning
The company’s shares fell c19% from 302.5p to 285p over the course of the morning, wiping £132m from Conviviality’s market…
-
News
Brits want more transparency about supply chain fraud
Most (64%) UK consumers would expect businesses to inform the authorities of any health risk fraud says Ipsos Mori poll
-
News
Planning applications for high street stores continue to fall
The number of planning applications for new shops and shopping centres in England fell 8% in 2017 to 6,090
-
News
Supermarket property investment returns to strong growth
Colliers International Supermarket Investment Review shows institutional investment rose from £216m in 2016 to £482m last
-
News
UK's rural shops invested over £315m to boost in-store service
The 2018 Rural Shop Report found that retailers were introducing contactless payments, in-store bakeries and Post Office
-
News
City snapshot: Retail sales growth boosts Conviviality full-year revenues
Drinks retail and wholesale group Conviviality grew sales by 9.2% in the first half of its financial year, driven by 10% growth in its retail operations. Plus all the rest of the latest news from the City and a look at the week ahead.
-
News
Media Bites 29 Jan: BHS, Steinhoff/Poundland, Ocado
Unsecured creditors of BHS, the retailer once owned by Sir Philip Green, lodged claims worth almost £1bn in the aftermath of its collapse, according to a report compiled by the chain’s liquidators.
-
News
Young's Seafood returns to sales growth but profits still in decline
Profits have continued to decline at Young’s Seafood despite its sales returning to growth in the year to 30 September 2017.
-
News
Fairfields Farm bags crisps and popcorn brand Ten Acre
Potato grower Fairfields Farm has taken over crisps and popcorn manufacturer Ten Acre as it plans to ramp up expansion overseas.
-
News
Crowdfunding: hunger for food and drink business on the rise
Crowdfunding appetite for food and drink startups was undiminished in 2017, according to figures from Crowdcube
-
News
Fever Tree and Diageo shares benefit from G&T boom
Two complementary drinks businesses at either end of the growth curve updated the market this week
-
News
Kitwave reports record growth thanks to refinancing deal
Kitwave’s EBITDA has increased nearly 100% over the past four years…