Finance news – Page 415
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NewsFood and drinks manufacturing deals slump by a quarter in 2016
M&A activity in the UK food and drinks manufacturing sector slumped last year as the fallout from Brexit squeezed profits and put off buyers, according to a new report.
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NewsNFU cautions over 'constant boom and bust dairy cycle'
Farmgate prices have failed to keep up with record prices for cream and butter at wholesale says union
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NewsThousands of jobs risk being unfilled after Brexit warns report
An FDF-commissioned study found a ‘looming skills gap’ in the industry that apprenticeships are unlikely to fill
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NewsCity snapshot: Consumer spending falls to four-year low
UK consumer spending has fallen to its lowest level in almost four years as rising inflation and stagnant wages have dampened demand for non-essentials items. Plus a look ahead at what’s scheduled on the markets this week and all the latest news from the City.
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NewsMedia Bites 10 July: Nisa, CBI, Lidl, Amazon
Rebel Nisa shopkeepers are plotting to throw out their chief executive over the board’s plan to sell the chain to Sainsbury’s for £130m, writes The Times (£).
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NewsPukka Herbs slips into the red as it invests in growth
Rapidly growing herbal tea brand Pukka Herbs has slipped into the red as it invested in accelerating growth
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NewsSeabrook Crisps extends export reach with Aldi Australia deal
The Yorkshire crisp brand has focused on growing overseas sales since the management team took over in 2015…
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NewsSupermarket inflation hits highest level in four years
Supermarket price inflation has rebounded to its highest level since the end of 2013, new Grocer Price Index figures show
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NewsCity snapshot: OC&C/Grocer Global 50 special
The Grocer today publishes The OC&C/Grocer Global 50 report – the definitive report on the fortunes of world’s largest fmcg companies. Plus all the rest of the latest news from the City this morning.
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NewsTesco ups banana price as import costs soar
Tesco’s unit price for bananas is now the highest it has been since April 2015
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NewsGlobal fmcg giants see sales fall for first time since 2003
Sales across fmcg’s 50 biggest players dropped by 0.7% in 2016, the first drop since 2003, the latest OC&C/Grocer Global 50 report reveals
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NewsMedia Bites 7 July: OC&C Global 50, Reckitt Benckiser, ABF
Mergers and acquisitions among the world’s 50 largest consumer companies fell sharply last year, as political uncertainty depressed dealmaking in a sector, writes the Financial Times on this year’s OC&C/Grocer Global 50 report.
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NewsNorthern Bloc to ramp up production with growth funding
Since launching its first ice cream from a vintage van at Leeds Trinity Kitchen in 2014, Northern Bloc has grown rapidly and is on course to generate turnover of more than £1m this year.
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NewsMedia Bites 6 July: Ocado, Booker, Tesco Clubcard
Ocado’s latest results are picked up by the papers this morning, alongside the first-quarter update from Booker.
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NewsCity snapshot: Reckitt warns sales to fall after cyber attack disrupted orders
Dettol and Durex maker Reckitt Benckiser warned its sales have been hit by the global cyber attack that struck companies across the world last month. Plus, a better-than-expected Q3 for ABF; a new CEO at Just Eat; an quarterely update from cider maker C&C; forecourt Applegreen makes its first big move in the US; and Eagle Eye renews Asda contract.
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NewsOcado: Amazon-Whole Foods deal to 'drive partnership demand'
CEO Tim Steiner insists the bricks-and-mortar tie-up will drive other retailers to develop an online presence
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NewsOcado half-year results: what the analysts say
The expert take on the rise in sales versus downturn in profits
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NewsCanny secures £100k from the crowd to reformulate and target big four listings
Canny plans to use the cash to launch a reformulated version of its chocolate milkshake sweetened with agave and to target supermarket listings.
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NewsApplegreen gets go-ahead for Topaz Energy deal
Ireland’s compeition watchdog finds 50% stake won’t substantially lessen competition
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NewsMedia Bites 5 July: Sainsbury's, Superdrug, Tesco Bank, Worldpay
Sainsbury’s positive first quarter results draws plenty of attention as the supermarket continued its pursuit of Nisa; Superdrug benefitted from the Kardashian effect as sales and profits soared, Tesco Bank CEO Benny Higgins is stepping down after a decade in charge; and Worldpay shares soar as it reveals advances from two US suitors.