Finance news – Page 412
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NewsUnilever boosts long-term strategy as sales grow and margins increase faster than expected
Unilever hailed its long-term growth model this morning as first-half revenues increased 5.5% alongside a substantial step-up in profitability. The group added the preparation for the sale of the non-core spreads business was “well underway”
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NewsGCA review sees government looking beyond Tacon tenure
Government review found there had been an improvement in the behaviour of supermarkets, and wants to “establish a robust governance and assurance framework for the long term’
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NewsMedia Bites 20 July: McCormick/Reckitt Benckiser, GlaxoSmithKline/Horlicks, Hotel Chocolat, BAT/Reynolds
News of the $4.2bn McCormick acquisition of Reckitt Benckiser’s food business was the main focus of the papers on a slow day for grocery and retail news. Plus, GlaxoSmithKline unveils plans to sell its Horlicks brand in the UK.
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NewsCity snapshot: Premier Foods suffers further slump in sales
Premier Foods revealed a difficult start to the year as first quarter sales fell 3.1%, driven by changes to supermarket promotions and less demand for its products in the June heat
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NewsHotel Chocolat plans 'shop plus café' growth as sales rise
The luxury chocolate brand reported a 12% year-on-year increase in revenue to £104m
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NewsBristows and Tuckers bonbon maker fails again with 52 redundancies
The future of the Bristows and Tuckers confectionery brands hang in the balance after a failed turnaround bid sent the business under for the second time in less than a year
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NewsCheese Posties campaign values cheese toastie box business at £1.5m
Cheese toastie subscription box service Cheese Posties is seeking £80,000 in a crowdfunding campaign that values the start-up at more than £1.5m.
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NewsFood & drink firms urged to enter Queen's Awards for Enterprise
Currently in their 50th year, the awards recognise and celebrate outstanding achievement
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NewsEssex family food store forced to close after 17 years
The Food Company in Marks Tey, Colchester, will cease trading on 29 July
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NewsLondis' Wine Festival boosts sales by 60% across estate
The four-week promotion featured offers including half-price deals on Silent Lake and Isla Negra
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NewsMedia Bites 19 July: Inflation, Dairy Crest, Amazon, P&G, North Sea cod
The surprise drop in inflation; Dairy Crest results; the launch of Amazon meal kits; the ongoing tussle at P&G; and the North Sea cod has been deemed sustainable once again.
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NewsCity snapshot: McCormick swoops for French's and Frank's Red Hot in £3.2bn deal
Schwartz spice maker McCormick has acquired Reckitt Benckiser’s food division for $4.2bn (£3.2bn) in cash. Plus, sales jump 12% to £105m at Hotel Chocolat.
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NewsAmazon begins selling first meal kits
The soft launch comes just days after filing a trademark for its slogan ‘We do the prep. You be the chef’
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NewsP&G defends record as it hits back at activist investor Trian
Procter & Gamble has hit back at the activist investor agitating for a seat on the board of the consumer goods giant and said its directors are already “best-in-class”
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NewsEagle Eye remains £1.8m in the red
Grocery tech firm Eagle Eye Solutions has increased group full-year revenues by 71% to £11.1m but still expects losses to remain at the same level as in 2016.
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NewsSurprise fall in inflation in June to 2.6%
Inflation in the UK unexpectedly slowed to 2.6% in June as falling petrol and diesel prices more than offset higher food bills, official figured revealed today.
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NewsShoppers to cut back on 'too expensive' fresh fruit & veg
One third of the 2,009 people who took part in the survey said they had cut down on sugar in the past year
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NewsMedia Bites 18 July: P&G, Conviviality, M&S
P&G in battle with activist investor Trian; Conviviality doubles profits; and M&S launches ‘Project Thin Air’ to reduce food packaging waste.
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NewsCity snapshot: Strong growth for Dairy Crest brands in Q1 but rising butter costs squeeze margins
Dairy Crest has recorded “good” growth for its four main brands in the cheese, spreads and oil categories during the first quarter but soaring butter prices are putting pressure on margins. Plus, Procter & Gamble hit back at the activist investor agitating for a seat on the board of the consumer goods giant; and Eagle Eye grows revenues 70% but can’t shake off losses.
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NewsFinsbury Food Group offsets UK losses with overseas growth
The company today said it was confident of delivering profits in line with market expectations