Finance news – Page 406
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NewsUK inflation remains stable at 2.6%
The UK’s Consumer Prices Index remained unchanged in July at 2.6%, defying expectations that inflation would rise again last month.
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NewsFood and drink industry leaders welcome interim EU trade plan
But trade bodies warn there remain huge obstacles to the “freest and most frictionless possible” deal envisaged
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NewsMars Food builds healthy portfolio with acquisition of Tasty Bite
Mars Food has agreed to acquire the owner of all-natural Indian and Asian food brand Tasty Bite, which has been sold in UK supermarkets since 2016.
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NewsMoy Park continues growth as profits slump at troubled JBS
Moy Park has increased revenues in the second quarter, but profits slumped 80% at its beleaguered Brazilian parent company JBS, which put the Northern Irish poultry processor up for sale earlier this year to raise money to pay off growing debts.
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NewsBrakes parent company, Sysco, reports 9.9% rise in sales
The US company said an uplift in its international food operations was “largely driven” by its aquisition of the wholesaler
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NewsMedia Bites 15 August: Sainsbury's/Nisa, Aldi, Danone, John Menzies
All the papers pick up The Grocer’s exclusive that Sainsbury’s have ended its exclusive talks for a £130m Nisa takeover, with the Co-op waiting in the wings.
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NewsCity snapshot: Sainsbury's steps back from the race to buy Nisa
Sainsbury’s has hit the pause button on its potential £130m takeover of Nisa until after the competition watchdog makes its ruling on the bigger Tesco acquisition of Booker. Plus, sales and profits rise at Moy Park in the second quarter; and profits fall at John Menzies as it is hit by costs related to failed demerger of distribution arm.
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NewsSainsbury's delays Nisa move as Co-op comes back to the table
Sainsbury’s period of exclusivity to do a deal with Nisa has now expired, leaving the field open to other potential suitors
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NewsP&G accuses Nelson Peltz of serving “his own agenda” in plea to shareholders
Procter & Gamble has accused activist investor Neslon Peltz of pursuing a seat on its board “to satisfy his own agenda” in a letter to shareholders requesting they vote down his board ambitions.
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NewsUK pork producers win Chinese export deal worth £200m
A total of seven companies in the pork supply chain have secured permission to export to China…
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NewsAldi enters online grocery in US with Instacart trial
The discounter has appointed the third-party delivery service to courier its groceries to customers in three US cities…
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NewsJohn Menzies scraps distribution arm merger with DX
John Menzies said the deal had been called off after it had undertaken “further financial due diligence on DX”…
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NewsCity snapshot: High street footfall slumps in July
High street footfall dropped a further 2.1% in July, according to the lateste figures from BRC/Springboard, leading to an overall 1.1% in retail footfall in the period. Plus, Tata Global Beverages disposes of China and Russia operations, a look forward to what’s happening in the City this week and all the latest news from the markets
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NewsMedia Bites 14 April: Asda, Wilko, Inflation, Diageo
Asda is expected to serve up its first quarter of positive sales growth in three years this week, writes The Telegraph
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NewsPlenish replenishes growth engine with £1.5m PE injection
Cold-pressed juice brand Plenish has raised £1.5m in its second funding round – valuing it at £10m
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NewsCity news: Coca-Cola HBC fizzes to the top
Coca-Cola HBC (CCH) fizzed to the top of the FTSE 100 this wee
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NewsAmplify works on Tyrrells recovery as UK sales slump
The US owner of upmarket crisp brand Tyrrells has cut SKUs and axed private-label contracts
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NewsCoca-Cola Zero Sugar growth boosts first half sales at CCEP
Comparable sales at GB and European Coke bottler Coca-Cola European Partners were up 5% in the first half on strong revenue and volume growth across its major territories.
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NewsCity snapshot: Grocery inflation surges to 2.4% in July
Grocery price inflation jumped from 1.6% to 2.4% in the month to 1 August with Tesco’s prices climbing by the largest proportion. Plus, the FTSE plunges but Coca-Cola HBC surges, a round-up of finance stories in The Grocer this week and all the rest of the latest news from the City
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NewsMedia Bites 11 Aug: Amazon, Asda, Coca-Cola HBC, Co-op Bank
Amazon paid just £15m in tax on European revenues of £19.5bn, writes The Guardian.