Finance news – Page 428
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NewsCity snapshot: Premier Foods renews Cadbury cake licence
Premier Foods has renewed its licence to make Cadbury branded cake and desserts after agreeing a new deal with Mondelez International. The new contract may lead to Premier also making the full range of Cadbury cake brands such as Flake, Crunchie, Caramel and Marvellous Creations, as well as Oreo.
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NewsAldi to anchor Bradford discount retail park
Listed real estate investment trust LXi REIT has agreed to fund £10m for the development of a new discount retail park in Bradford to be anchored by a 20,000 sq ft Aldi store, with Home Bargains owner TJ Morris also agreeing pre-let of 16,000 sq ft unit.
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NewsHeineken buys out California craft brewer Lagunitas
Lagunitas founder Tony Magee will remain as executive chairman, taking an “advisory role” to Heineken on craft strategy
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Marks & Spencer appoints former Asda boss Archie Norman chairman
Norman will succeed Robert Swannell – who is set to retire in autumn after seven years on the board
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NewsDiageo CEO Ivan Menezes is new chairman of Movement to Work
Menezes takes over from former M&S head Marc Bolland, who founded the organisation to tackle youth unemployment
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NewsMults record the best growth since 2013 as discounters power on
The UK grocery market posted its best growth figures since 2013 over Easter
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NewsSainsbury's Coupe mulls further franchise moves
Sainsbury’s is currently testing a seven-forecourt trial with Euro Garages
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NewsMorrisons hikes prices to compensate for Crunch cuts
Morrisons hiked the price of 700 items to pay for its latest Price Crunch campaign
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NewsRedchurch Brewery seeks an extra £500k in crowdfunding
The brewer is seeking £400k for 7.4% equity on Crowdcube
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NewsMedia Bites 5 May: Morrisons, AB InBev, Punch Taverns, Unilever, Next
The success of David Potts’ recovery plan at Morrisons is recognised by this morning’s papers after a striking first quarter update. Plus, Q1 results from AB InBev; a first-half loss for Heineken-owned Punch Taverns; Unilever makes a bet on Myanmar; and Next shares slide on tough consumer conditions.
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NewsCity snapshot: Former Asda boss Archie Norman appointed as M&S chairman
Marks & Spencer has appointed former Asda CEO Archie Norman as its new chairman
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NewsMark Thorpe named CEO of KP as Bunker departs
Outgoing CEO Nick Bunker joined from Kraft Foods five years ago
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NewsMahou San Miguel reports 'record-breaking' full-year results
The San Miguel owner attributed much of its success to the brand’s relaunch in 2015
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NewsCity snapshot: Morrisons reports 3.4% first quarter like-for-like sales jump
Morrisons’ like-for-like sales has risen by 3.4% in the 13 weeks to 30 April – its sixth consecutive quarter of like-for-like growth. Plus, Kerry Group confirms full year expectations after solid first quarter, Carlsberg’s revenues up 4% in first quarter, Sainsbury’s shares plunge and all the latest news from the City
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NewsMedia Bites 4 May: P&H, Sainsbury's, M&S
Britain’s biggest tobacco distributor Palmer & Harvery is to be put up for sale just weeks after sealing a financial rescue package
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NewsUK like-for-like sales dip at Pizza Express as casual dining market softens
Pizza Express’ annual group sales were up by 9.8% to £509.7m last year, but its UK and Ireland like-for-like sales fell 0.9% amid a “softening casual dining market”.
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NewsGrocery sales growth hits highest level since 2013
The UK grocery market recorded its best three months of sales since September 2013, according to market share figures from Kantar Worldpanel
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NewsM&S appoints new clothing, home & beauty MD
Appointment of Halfords CEO Jill McDonald will enable Steve Rowe to concentrate on management
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NewsMedia Bites 3 May: Ocado, Brexit, Just Eat, Co-op
Ocado shares jumped by as much as 9% in morning trading yesterday on the back of hopes the online grocer could secure a technology deal with Marks & Spencer.
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NewsCity snapshot: Sainsbury’s profits dip in 'challenging' grocery market
Sainsbury’s underlying profit before tax fell by 1% in the year to 11 March amid a ’competitive and uncertain trading environment’