Finance news – Page 433
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NewsDX Group shareholder Gatemore aims to block John Menzies deal
The companies said the merger would result in yearly savings of £8m to £12m
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NewsFood sales increase in March thanks to inflation but hopes rest on Easter
Food retailers managed to record growth in March but the rise was mainly driven by inflation as the sector pins its hopes on a bumper Easter.
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NewsMedia Bites 11 April: Tesco, Mondelez, Tim Hortons, Whole Foods
It was a fairly quiet start to the week for the grocery/fmcg world in the papers ahead of the Easter break, but Tesco stays in the headlines as its fine for the accounting scandal is approved in court.
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NewsCity snapshot: Majestic Wine retail MD John Colley steps down
Majestic Wine MD John Colley is leaving the wine retailer a little more than 18 months after joining to take a new role closer to his young children in the South of England
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NewsACS warns Jeremy Corbyn over Labour 'real living wage' pledge
The national living wage is set to reach 60% of median earnings by 2020
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NewsJohn Menzies-DX Group tie-up 'good news' says NFRN
The companies said the merger would result in savings of £8m to £12m each year…
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NewsBoycott report shows long-term effect of negative publicity
The report shows that of those who stopped using a brand, three-quarters (67%) still boycott it
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NewsCity snapshot: BrewDog sells 22% to US PE firm for £213m
BrewDog has offloaded a 22% stake to a US private equity house in a deal valuing the craft brewer £1bn.
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NewsMedia Bites 10 April: Tesco, Unilever, BrewDog, ABF, McCormick/Reckitt
Tesco gets some heavy coverage this weekend ahead of its latest annual results on Wednesday. Plus, Unilever continues to generate interest from the papers; and BrewDog sells a 22% stake to a US private equity house for £213m, valuing the brewer at £1bn.
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NewsUnilever 'Sprexit' and strategic review: what the analysts say
The results of Unilever’s much-anticipated strategic review didn’t come as a great surprise to the City, but what did the analysts make of the announcement.
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NewsReckitt Benckiser to 'explore all options' with food sell-off
Selling off food assets seems to be all the rage these days
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NewsAs Reckitt sells off food, KPMG predicts fresh wave of M&A activity
Reckitt Benckiser’s sell-off of its food division is “just the start of a wave of M&A activity for fmcg companies”.
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NewsCity snapshot: Supermarket prices rise 1.4% in March
Supermarket inflation jumped 0.9 percentage points to 1.4% in March - the highest level of grocery inflation since Christmas 2013.
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NewsMedia Bites 7 April: Unilever, Co-op, Mothercare
“Unilever shake-up wins over investors” is the headline in both The Financial Times and The Times this morning as the City broadly welcomed the raft of measures to accelerate returns for Unilever shareholders.
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NewsTayto Group sees profits slump on sales decline and investment
Pre-tax profits at Tayto Group more than halved to £3.1m last year as sales declined and the Northern Irish snack maker continued to invest in the business.
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NewsUnilever confirms it is to sell off spreads division
Unilever’s announced a strategic review of its business in the wake of the failed Kraft Heinz bid
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NewsBidfood profits soar 12% as it slashes administration costs
BFS Group, parent company of Bidfood, has reported a pre-tax profits rise of 12% to £45.9m for the year to the end of June 2016
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NewsBernard Matthews confirms 114 redundancies as it ceases chicken production
A spokesman for 2 Sisters owner Ranjit Singh’s private office confirmed more than 80 chicken production staff and about 30 managerial roles at the Great Witchingham headquarters have been made redundant
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NewsInflation reaches its highest level since Christmas 2013
The Grocer Price Index shows annual inflation for the month to 1 April standing at 1.4%
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NewsHalewood International back in profit
Despite sales falling by £16m to £215m, the group secured a £2.6m profit, up from a loss of £8.2m the previous year