Finance news – Page 398
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NewsMedia Bites 25 Sep: Tesco, P&H, L’Oréal
Three former Tesco executives accused of fraud and false accounting are due to stand trial on today in what the FT calls “one of the most high-profile prosecutions ever brought by the Serious Fraud Office”.
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NewsFood and drink industry facing 'time bomb' on labour
The annual study of the largest 150 UK food & drink suppliers lays bare the labour challenge facing the industry
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NewsBakkavor gets set for £1.5bn float in coming weeks
Bakkavor, one of the UK’s biggest suppliers of ready meals, pizzas and desserts to the major supermarkets, is preparing for a stock market flotation in the next few weeks that will value it at up to £1.5bn, The Grocer can reveal.
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NewsOcado sees solid growth but reveals Andover investment needed
Ocado proved once again to be one of the most divisive of all grocery stocks
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NewsKP Snacks in black for first time since Intersnack takeover
Operating profits more than doubled after investment in factories over the past three years significantly reduced costs
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NewsCity Snapshot: United Biscuits' sales and profits hit by Storm Desmond
The flooding in Cumbria that closed United Biscuits’ Carlisle factory for four months after 2015’s Storm Desmond hit the Pladis-owned firm’s annual sales and profits
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NewsMedia Bites 22 September: Deliveroo, Compass Group, Co-op, Uber
Deliveroo lost £129 million last year, more than it generated in sales
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NewsUnited Biscuits' sales & profits hit by Storm Desmond floods
The flooding in Cumbria that closed United Biscuits’ Carlisle factory for four months after 2015’s Storm Desmond hit the Pladis-owned firm’s annual sales and profits, newly filed accounts have revealed.
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NewsWhitworths reports £50m loss as IT works cause supply chaos
Dried fruit & nuts brand Whitworths slumped to a £50m loss last year as sales fell, a new IT system hampered supply, the former management team departed and loans were written off, delayed accounts have revealed.
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NewsMedia Bites 21 September: Diageo, takeover rules, General Mills
A ban on the sale of alcohol near highways in India is likely to hit sales at the spirits giant behind Johnnie Walker whisky and Smirnoff vodka.
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NewsCity snapshot: Co-op Food turnaround gathers pace
Co-op Group like-for-like food sales increased 3.5% in the first half as the retailer relaunched its Irresistible own lable range, made a commitment to sell only British meat and boosted its Fairtrade pledge. Plus, Compass Group CEO Richard Cousins to step down after a decade at the top.
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NewsAugust retail sales top market expectations
The Office of National Statistics has found UK retail sale volumes jumped by 1% in August compared to July – a significantly higher figure than the 0.3% growth the market predicted.
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NewsCadbury workers given two-year pay deal to 'counter inflation'
Workers at three of the brand’s UK sites will get a 3.2% pay rise backdated to April, and increased maternity pay
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NewsChoc Nibbles maker Sweetdreams invests in new factory to feed rapid growth
Chocolatier Sweetdreams has invested £500,000 in a new factory to boost capacity, develop new products and create jobs.
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NewsMedia Bites 20 September: Ocado, Kantar/Nielsen, P&G, Reckitt Benckiser, Müller
Ocado’s third quarter trading update was in focus in today’s papers, alongside the latest market share data from Kantar and Nielsen.
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NewsCity snapshot: Losses widen at Science in Sport on investment in ecommerce and exports
Losses have widened significantly at Science in Sport in the first half as the listed sports nutrition business invested in ecommerce and international growth.
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NewsHeineken shareholder FEMSA announces €2.5bn share sale
Mexican Coca-Cola bottler FEMSA has announced it has reduced its shareholding in Heineken by selling stock worth €2.5bn and representing 5.2% of the brewer’s shares.
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NewsFirst Milk announces 30 job losses at two creameries
The proposed job cuts follow a review of First Milk’s manufacturing sites by new operations director Mark Robertson
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NewsOcado to invest extra £2m in robot-powered Andover site
Fulfilment centre will process 65,000 orders a week once at full capacity
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NewsWhitby Seafoods boosted by £10m sales increase
The scampi specialist credits its strong growth during 2016 to new business wins