Finance news – Page 399
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NewsHeinz makes its can the star in £4m TV soup push
The new 20-second clip replaces last year’s Love Soup commercial
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NewsMedia Bites 19 September: P&G, Finsbury Food, Dairy Crest
The boardroom struggle for power at P&G continues to generate headlines, with results from Finsbury and Dairy Crest also in focus.
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NewsCity snapshot: Ocado boosts sales in Q3 but order size shrinks
Ocado has recorded double-digit increases in revenues in its third quarter but the size of the average customer order continued to shrink. Plus, Kantar and Nielsen reveal that the supermarkets recorded another month of growth; PureCircle full-year profits tumble; Reckitt Benckiser appoints a new chairman; and Eagle Eye shortens annual losses as revenues soar
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NewsKK Fine Foods to invest in jobs and growth after acquisition by Belgian ready meal firm
Fast growing chilled and frozen ready meal supplier KK Fine Foods expects to double turnover and create 200 jobs after the sale of a 90% majority stake to a Belgian firm.
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NewsMorrisons apple supplier increases efficiency with help of bank loan
A Worcestershire-based supplier of apples to Morrisons has purchased new machinery for its facility using an £80,000 bank loan.
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NewsBig Bear spends £1m on Mint Imperials plant update
The investment includes energy efficient filtration and a high-speed fan
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NewsFood & grocery needs action plan to attract STEM talent, says IGD
Engineering is the toughest technical area to recruit for, the report found, with nearly 50% of recruiting managers citing it as an area of concern
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NewsJim Shearer made Molson Coors marketing & consumer excellence director
Shearer takes over the role from Martin Coyle, who has been made chief marketing & craft officer for the company’s Canadian business
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NewsCity snapshot: Efficiency focus helps grow profits at Finsbury Food Group
Cake supplier Finsbury Food Group (FIF) has grown pre-tax profits on flat revenues as investments in production efficiency helped boost the bottom line.
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NewsMedia Bites 18 Sep: Tesco/P&H, Kraft Heinz, Sainsbury's, Reckitt Benckiser
Tesco is expected to play a pivotal role in the rescue of embattled wholesaler Palmer & Harvey as the UK’s competition regulator probes what the supermarket’s takeover of Booker could mean for its fortunes, writes The Telegraph.
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NewsInnis & Gunn shareholders approve £15m minority sale to PE firm
Shareholders at Innis & Gunn have waved through the £15m sale of a significant stake in the Scottish craft brewery to private equity house L Catterton.
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NewsIcelandic Seachill shrugs off volatility to post rise in sales
Revenues for seafood supplier climb by £18m despite ending of M&S supply deal in 2016
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NewsBrookfield and Carlyle in frame to buy P&H
According to Sky News the two firms are among a number of parties who have tabled offers for P&H
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NewsMoy Park sold to Pilgrim's in speedy related-party deal
Under-fire JBS shocked the industry – and Moy Park management – in June when it revealed it was off-loading the business
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NewsFilippo Berio profits soar as it predicts tougher year ahead
Sales nudged up 1% to £41.2m in 2016, with a more than £1m fall in cost of sales to £37.4m
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NewsCity Snapshot: Coca-Cola HBC CEO to take illness leave of absence
The CEO of FTSE 100 Coca-Cola bottler Coca-Cola HBC is to take a four month leave of absence to treat a medical conditions. Plus, Nestlé acquires a majority stake in Blue Bottle Coffee, the pound soards but leaves UK fmcg companies nursing share price losses and all the rest of the latest news from the City
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NewsMedia Bites 15 Sep: Morrisons, John Lewis, Booker
A busy day for the retail news sees this morning’s papers consider the good results and subsequent share price drop for Morrisons, John Lewis’ profits slump, the strengthening pound, Booker’s cigarette sales and more.
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NewsStartups and corporates to 'work side by side' by 2025, predicts Unilever report
Over the next five years, partnerships with startups will become business critical, says a new report from Unilever Foundry
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NewsWhey Box secures £250k growth funds to tap protein boom
The business started trading a year ago to tap booming demand in the sports nutrition market
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NewsMorrisons' seventh quarter of growth fails to impress City
As Morrisons found this week, the trouble with over-achieving is that it builds expectations