Finance news – Page 387
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NewsThe Grocer Drinks Awards 2017: who won what, and why?
The second Grocer Drink Awards took place in London this week with a lavish ceremony. Find out who won, and why…
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NewsMedia Bites 8 November: Fever-Tree, Imperial Brands, ABF, Nutella
Shares in Fever-Tree soar again as profits to beat expectations; Imperial Brands halts decline in sales volumes; Primark demand and sugar recovery fuel profits at ABF.
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NewsCity snapshot: M&S to slow food openings as profits squeezed by rising inflation
Profits crashed 18% at Marks & Spencer in the first half as its food margins were squeezed more than expected as the retailer absorbed inflation to remain competitive in the challenging grocery market. Plus, trading updates from Hilton Food Group and Kerry Group; third quarter results at Raisio and Ahold Delhaize; and C&C interim CFO given role on permanent basis
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NewsCoca-Cola European Partners Q3 sales decline despite demand for Coke Zero
Revenues Coca-Cola European Partners have fallen 1.5% to €3bn in the third quarter as the popularity of Coke Zero Sugar was not enough to make up for the decline of the trademark brands.
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NewsSomerdale profits decline as growth slows
Profits have declined at cheese exporter Somerdale International as growth slowed and currency and commodity price volatility hit the business.
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NewsAmazon to close two Whole Foods Market stores in UK
Whole Foods to consult on closure, which would result in all its stores being located in London…
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NewsShrinkflation now 'endemic' in food and drink
Three-quarters (76%) of 200 manufacturers surveyed in August and September 2017 under pressure to cut prices
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NewsHigher sugar prices boost profits at Associated British Foods
Primark owner Associated British Foods has posted a 15% jump in sales and a 22% rise in adjusted operating profits, boosted by a dramatic recovery of profits at AB Sugar and the weakness of the pound.
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NewsMedia Bites 7 Nov: UK retail, Whole Foods, Lidl
“Nerves on high street after shoppers rein in spending,” writes The Times (£) after more worrying data on consumer activity.
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NewsField & Flower secures £825k after trimming back valuation
Field & Flower reduced its valuation to secure the crowdfunding cash
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News2 Sisters reopens scandal-hit West Bromwich plant
Sainsbury’s said it would not be accepting stock from the West Bromwich site…
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NewsLidl UK to increase basic wage from £8.45 to £8.75 from March
The retailer said the move would make staff the highest paid supermarket employees in the UK
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NewsMedia Bites 6 November: Nisa/Co-op, M&S, Sainsbury's, BrewDog
Nisa shopkeepers are plotting to block the £143m Co-op takeover, which faces a crucial membership vote this week, according to the weekend papers. Plus, the spotlight falls on M&S and Sainsbury’s ahead of results this week.
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NewsCity snapshot: Profits expected to slide at Sainsbury's and M&S
Marks & Spencer and Sainsbury’s are both expected to reveal how tough trading conditions have weighed on their first-half profits later this week
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NewsJaffa Cakes maker Pladis appoints former KP Snacks and Kraft exec as new UK MD
Jaffa Cakes and McVitie’s Digestives maker Pladis has appointed a new boss in the UK to take over from Jon Eggleton, who is leaving the company after 14 years to “pursue new opportunities”. Nick Bunker will take up the role of managing director for the UK & Ireland region from Monday.
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NewsTotal Produce swoops again in the US with acquisition of 50% of Fresh Connection
Listed fresh produce supplier Total Produce has acquired a 50% equity stake in California-based The Fresh Connection.
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NewsThird quarter M&A dominated by scale-driven protein deals
Four key deals were led by the £1bn sell off by scandal-hit Brazilian group JBS of Northern Irish poultry processor Moy Park to US-based Pilgrim’s Pride
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NewsLucozade sales bomb after backlash over lower sugar
Sales of Lucozade Ribena Suntory’s flagship Lucozade Energy drink brand have fallen by 8.4% year on year
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NewsMedia Bites 3 November: Morrisons, Tesco, Tate & Lyle, Fever-Tree, Blue Apron
Morrisons third quarter update and a day in court for Tesco CEO Dave Lewis generate plenty of coverage in the papers today.
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NewsCity snapshot: Bakkavor pulls plug on London IPO at last minute
Bakkavor has pulled the plug on its plans to float on the London Stock Exchange, blaming current “volatility” in the IPO market