Finance news – Page 427
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NewsIndra Nooyi to step down as PepsiCo CEO after 12 years
PepsiCo has named company veteran Ramon Laguarta as Nooyi’s successor
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NewsIceland to sell its food ranges in The Range stores
The outlets are to be supplied by Iceland and staffed and operated by The Range
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NewsTesco-Carrefour alliance to be operational by October
Tesco’s strategic alliance with French hypermarket Carrefour will be operational by October.
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NewsMedia Bites: Iceland, Walkers and Holland & Barrett
Iceland frozen food is set to be sold in The Range discount stores, after a deal was agreed between the two retailers
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NewsAB InBev unveils fund for startups tackling sustainability
Successful applicants will be announced in September during the UN’s climate week
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NewsKraft Heinz shares jump as condiments and sauces drive European growth
Kraft Heinz shares jumped 8% after booming sales outside of North America helped it record second quarter top-line growth.
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NewsHeineken drops 5% after Brazil expansion hits margins
Heineken’s expansion in Brazil took the fizz out of its growth in the first half of 2018, meanwhile AG Barr shrugged off a ‘volatile’ period by delivering 5% sales growth
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NewsFood & drink M&A activity on the rise despite Brexit concerns
Recorded deals for the second quarter of 2018 were 28% higher than the first quarter
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NewsCity snapshot: Heineken agrees Chinese beer partnership with China Resources
Heineken has struck a partnership deal with China Resources that will see it acquire a 40% shareholding in the company controlling Chinese beer market leader CR Beer. Plus, global pharmacy giant Walgreens Boots Alliance kicks off sales process for its sports nutrition businesses PhD Nutrition and The Protein Works and all the rest of the latest news from the City.
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NewsMedia Bites 3 Aug: Amazon, M&S, Starbucks
Amazon has revealed that its UK corporation tax bill almost halved to £4.5m last year, days after the US company posted a record profit of $2.5bn (£1.9bn) in its most recent quarter.
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NewsWBA kicks off sales process for sports nutrition brands
The Grocer understands WBA has hired Spayne Lindsay to handle a sales process for its PhD Nutrition and The Protein Works.
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NewsMeadow Foods secures 'strategic investment' from PE firm Exponent
Private equity firm Exponent has acquired dairy group Meadow Foods from fellow PE firm Paine Schwartz Partners.
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NewsRemeo Gelato raises £500k from investors to grow listings
The supplier, which is currently listed in Waitrose and Ocado, said sales had increased three-fold this summer
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NewsBruce Condon named Weetabix finance head
Prior to joining Weetabix, Condon spent 15 years at footwear company Wolverine Worldwide
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NewsApplegreen agrees reverse takeover of Welcome Break
Irish forecourt operator Applegreen has bought a majority stake in service station group Welcome Break for €361.8m in a deal that constitutes a reverse takeover.
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NewsMedia Bites 2 Aug: The Co-op, AG Barr, Plastics
The Co-op Group is exploring the sale of its general insurance operations for about £300m amid accelerating changes to the industry’s distribution model.
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NewsHot weather helps AG Barr recover to 5% sales growth
Irn Bru and Rubicon manufacturer AG Barr recorded a 5% increase in sales for the first half of 2018.
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NewsMedia Bites 1 Aug: Greggs, Food inflation, P&G
Bakery chain Greggs reported a rise in sales yesterday despite a challenging high street and extreme weather conditions, driven by growth in its breakfast and healthier choices ranges
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NewsTotal Produce's $300m investment in fruit giant Dole cleared
The deal, which was first agreed in February, was completed following approval from the European Commision
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NewsFCA opens crowdfunding consultations after witnessing "poor practice"
The regulator says changes it has proposed are designed to address the ways that loan-based crowdfunding has developed and can be improved