Finance news – Page 411
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NewsCampari sells Carolans and Irish Mist for £126m
Italian spirits group Gruppo Campari has off-loaded its Carolans and Irish Mist brands to US firm Heaven Hill Brands for $165m (£126.7m).
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NewsMcColl's sales jump as Co-op stores start trading
McColl’s Retail Group ’gained momentum’ in the first half as it integrated the acquired 298 Co-op convenience stores and recorded strong sales growth.
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NewsCranswick sales soar on UK volume growth in Q1
The group reported that like-for-like sales, excluding contributions from the acquired Dunbia Balleymena and Crown Chicken businesses, in the three months to 30 June grew 21% compared with a year ago.
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NewsWholesaler Connect Group reports 1.3% drop in revenue
The group’s income for the 45 weeks to 15 July was £1.49bn compared with £1.51bn in 2016
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NewsQuorn to invest £150m in factory as exports boom
The meat substitute brand also revealed soaring global growth as its focus on exports following the takeover by Philippines-headquartered Monde Nissin in 2015 began to pay off.
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NewsCity snapshot: Reckitt’s first half sales slip amid portfolio transformation
First half like for like sales fell 1% at FTSE 100 consumer goods firm Reckitt Benckiser despite its “significant progress on portfolio transformation”. Plus, Co-op stores deal boosts sales at McColls, Quorn sales rise amid investment, Cranswick like-for-like sales jump and all the rest of the latest news from the City.
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NewsMedia Bites 24 July: Asda/B&M, Quorn, Graze
Asda is exploring a £4.4bn takeover of B&M, the fast-growing discount retailer run by billionaire brothers Simon and Bobby Arora, according to The Sunday Times.
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NewsM&S coated fish sales fall after supplier shift
Its share of the category has also fallen significantly, as its rivals enjoyed sales growth…
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NewsConviviality shares up as results surpass City expectations
Conviviality’s bold transformation from booze retailer to the UK’s largest alcohol wholesaler is paying off for investors
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NewsKP debuts in popcorn with vow to restore growth to Butterkist
KP Snacks CEO Mark Thorpe is confident of reigniting strong growth at Butterkist
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NewsUnilever spreads & Dairy Crest combo 'attractive to PE'
Could a private equity-led merger of the Unilever spreads business and Dairy Crest be on the cards later this year?…
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NewsMedia Bites: Unilever, Premier Foods, Nichols, Rémy Cointreau
A solid first half as Unilever shrugged off the fallout from the rebuffed Kraft Heinz takeover bid and a poor first quarter for Premier Foods come under the media spotlight.
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NewsCity snapshot: Profits warning at Raisio as weak pound continues to hurt group
Finnish food group Raisio has issued a profits warning as a result of challenges in its UK confectionery business and the weakening of the pound against the euro. Plus, British American Tobacco appoints three Reynolds directors to its board after getting backing for its proposed $49m takeover of its tobacco rival.
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NewsP&H blames drop in service and availability on the hot summer
Concerned retailers have complained about a lack of availability on key lines, late deliveries and incomplete orders…
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NewsVimto owner Nichols continues to outperform UK soft drinks market
Vimto owner Nichols has boosted revenues 12.4% to £63.5m in the first half to 30 June as the soft drinks maker continued to outperform the market in the UK.
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NewsHefty McCormick deal for Schwartz stuns analysts
Schwartz herbs and spices manufacturer McCormick swooped to buy the Reckitt Benckiser food division for a “staggering” $4….
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NewsGlaxoSmithKline announces plans to sell Horlicks in UK
GSK said it would also sell its MaxiNutrition division, which manufactures the Maximuscle brand
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NewsAre Brits bored of Bake Off? Ingredient sales slump by £27m
Cherries, raisins and sultanas, baking sugar and cake decorations accounted for the bulk of the decline
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NewsJo Whitfield confirmed as permanent Co-op Food CEO
Whitfield was with Asda for eight years before joining the Co-op last year
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NewsIndustry leaders present 10 demands for Brexit talks
Trade bodies warn of “enormous consequences” if ministers fail to achieve desired outcome