Finance news – Page 417
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NewsCrawshaws upbeat despite 4.5% like-for-like sales drop in first 20 weeks
Listed butchery chain Crawshaw Group insists it is making “good progress” despite a 4.5% drop in like-for-like sales in the first 20 weeks of its financial year.
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NewsMedia Bites 28 June: Supermarket sales, Nestlé, Co-op Bank, BHS
The mix of warm weather and mounting food price inflation has driven supermarket sales growth to its highest point for five years.
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NewsNestlé launches £16.3bn share buyback as investor pressure mounts
Nestlé has announced a CHF20bn (£16.3bn) share buyback scheme as part of a new strategy after pressure
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NewsMcBride refinances debt to cut costs by £2m a year
Private label consumer goods manufacturer McBride (MCB) has refinanced its existing banking facilities to buy back previously issued bonds and support its “Repair, Prepare, Grow” strategy.
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NewsElection result triggers collapse in consumer confidence
Consumer confidence is at the second-lowest level since the summer of 2013
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NewsWarm June weather boosts supermarket sales growth to multi-year high
Warm weather in June helped the UK grocers to their largest monthly year-on-year rise in sales since July 2013, according to market share data from Nielsen, while Kantar Worldpanel finds the best supermarket growth since March 2012.
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NewsMedia Bites 27 June: Nestlé, Co-op Bank, Amazon, Asda
News activist investor Third Point has taken a multi-billion dollar stake in Nestlé to try to force the Swiss consumer goods group to be more aggressive is well covered in the papers.
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NewsSuppliers report 'dramatic' improvements in GCA compliance
Christine Tacon agrees one year extension to her role as report shows huge progress across key areas prioritised by the Groceries Code Adjudicator
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NewsHolland & Barrett bought for £1.77bn
An investment fund controlled by a Russian billionaire has bought health food retail chain Holland & Barrett for £1.77bn.
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NewsMedia Bites 26 June: Sainsbury's/Nisa, Holland & Barrett, Tesco, Co-op Bank
Sainsbury’s is attempting to quell a possible rebellion over its planned takeover of Nisa with a proposal that shopkeepers can remain independent after the deal.
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NewsEnglish Tea Shop joins forces with Joe's Tea Company
Two UK speciality organic tea brands are joining forces to build an £11m operation to take advantage of booming sales of speciality teas
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NewsWalmart tipped to start bidding war for Whole Foods
A rival bid could block Amazon’s expansion into grocery, says JP Morgan
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NewsCity snapshot: English Tea Shop buys Joe’s Tea Company
Two UK speciality organic tea brands are joining forces to build an £11m operation to take advantage of booming sales of speciality teas. Plus, a look at the finance stories in this week’s edition of The Grocer, supermarket shares fall again and all the latest news from the City
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NewsMedia Bites 23 June: Heineken, Exports, B&M Bargains
Mexico looks to call the shots over Heineken’s tequila beer in row over tequila content in Desperados lager
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NewsJBS faces struggle to find a buyer for Moy Park
The Northern Ireland-headquartered supplier is one of the biggest poultry processors in Europe
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NewsBanana prices hiked by crop disruption in South America
Banana wholesale prices are up almost 20% year on year after poor weather in Central and South America hit production…
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NewsMcColl's attractive to supermarket buyers, claim analysts
McColl’s bought 298 Co-op stores in December 2016 to take the number of convenience stores it owns to 1,300
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NewsMedia Bites 22 June: Tesco, Diageo, Holland & Barrett, Whitbread
Tesco’s plan to close a call centre in Cardiff, with up to 1,000 jobs at risk, gets plenty of coverage. As does Diageo’s eye-catching $1bn acquisition of George Clooney’s tequila brand. Plus, rumours arise that the owner of Superdrug is plotting a £1bn-plus takeover of Holland & Barrett
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NewsCity snapshot: Diageo downs George Clooney's premium tequila brand for $1bn
Diageo is set to pay up to $1bn (£790m) for an upmarket tequila brand started by Hollywood A-lister George Clooney and two friends as the drinks giant aims to tap growing demand for premium tequila.
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NewsABP expands in UK with Linden Foods joint venture as Brexit looms
ABP Food Group is expanding its presence in the UK as part of its Brexit strategy after agreeing to extend its joint venture with Fane Valley Co-op to include Linden Foods.