Finance news – Page 391
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NewsCity snapshot: Metro sales slow in final quarter
Sales slowed in the final quarter for German retailer Metro as like-for-like growth fell back in its wholesale stores and its Real hypermarkets. Plus, DX Group shakes up leadership team as it reports another £80m-plus loss forthe year.
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NewsMedia Bites 20 October: Unilever, Nestlé, Pernod Ricard, M&S
Unilever’s third quarter trading update was the big fmcg news of the day as the papers dissected how the consumer goods giant was performing after fighting off an unwanted takeover bid from Kraft Heinz earlier this year.
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NewsBooze industry bodies: no-deal Brexit 'unacceptable'
UK and EU trade organisations have called for continued flow of goods post-Brexit
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NewsMalcolm Burns made senior VP & international MD at Amplify
As interim international MD since June, Burns has created and begun executing a performance improvement plan
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NewsGermany's Fuchs Group spices up portfolio with acquisition of Bart Ingredients
Bart Ingredients has been acquired by Germany’s largest spice producer for an undisclosed fee.
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NewsSeachill targets more listings at mults after Hilton buyout
Hilton confirmed it had agreed to buy Icelandic Seachill from parent Icelandic Group on 18 October in an £84m deal
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NewsAF Blakemore hails "good solid result" of 1.4% sales increase
The Spar wholesaler said it recorded sales of £1.3bn for the 53 weeks to 30 April
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NewsRefresco enters talks with PAI over £1.4bn takeover bid
Soft drinks bottler Refresco has entered negotiations with PAI Partners after weighing up a renewed €1.6bn (£1.4bn) takeover bid from the French private equity giant earlier this month.
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NewsMedia Bites 19 October: Reckitt Benckiser, BrewDog, Danone
Reckitt Benckiser caused a stir as it announced dramatic plans to restructure the business in its third quarter trading update.
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NewsCity snapshot: Unilever growth boosted by emerging markets in Q3
Unilever has grown underlying sales by 2.6% in the third quarter as it performed strongly in emerging markets. Plus, Nestlé increases organic growth in the first nine months of 2017; and Pernod Ricard has “a very good start” to the year.
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NewsReckitt Benckiser restructures as sales decline again
Reckitt Benckiser revealed today it was restructuring the group into two distinct divisions as consumer healthcare and hygiene giant trimmed its full-year forecasts again as trading continued to be challenging.
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NewsHippeas bags $10m backing from US investor scale expansion
Chickpea snack maker Hippeas has secured $10m (£7.6m) from specialist US food and drink investment firm CAVU Venture Partners to accelerate its global expansion and turn the brand into a household name.
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NewsBrewDog targets £10m in new 'Equity for Punks' funding drive
A successful bid would make BrewDog “the biggest crowdfunded business of all time”, it claimed…
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NewsMedia Bites 18 October: Sainsbury's, Kantar/Nielsen, Danone, P&G, inflation
News that Sainsbury’s is to cut 2,000 jobs across the UK makes all the papers this morning.
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NewsCIty snapshot: Hilton Food Group nets fish supplier Seachill for £81m
Red meat packer Hilton Food Group has completed an £81m deal for Seachill to expand its presence to the supply of fish. Plus, Reckitt reduces full-year outlook as sales fall in Q3, with plans to split the business into two new divisions; and Conviviality appoints new CFO.
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NewsP&H would need to "restructure" if it lost Tesco contract
The delivered wholesaler made the admission during a hearing with the Competition & Markets Authority
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NewsSoaring inflation adds £273m to business rates bill
The Retail Prices Index has rapidly increased from 2% last September
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NewsRising grocery prices to slow early next year
Kantar Worldpanel predicts supermarket price rises will peak later this year
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NewsInnis & Gunn makeover marks return to barrel aged beers
The brewer is rolling out new 330ml bottles across its core range of beers from the middle of this month…
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NewsCity snapshot: Danone beats expectations on baby food and water demand in China
Soaring sales of baby food and water in China helped Danone comfortably beat expectations in the third quarter, but the dairy division of the global giant continued to struggle. Plus, inflation drives sales in the supermarkets but volumes slow, according to the latest Nielsen and Kantar market share data.