Finance news – Page 435
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NewsDanone to offload Stonyfield to push through $12.5bn WhiteWave deal
Danone has agreed to sell one of its US dairy subsidiaries to speed up the completion of the $12.5bn acquisition of US plant-based food group WhiteWave.
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NewsBooker shares fall as Tesco shareholders protest merger
It comes as Booker reported a strong end to its financial year
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NewsYoplait sales fall as yoghurt lovers exit traditional formats
Yoplait blamed “category slowdown” and changes to promotional strategies and market dynamics for the sales drop
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NewsReckitt cuts CEO Rakesh Kapoor’s pay by £14m after South Korea scandal
Reckitt Benckiser has cut CEO Rakesh Kapoor’s annual pay by £14m and paid him no annual bonus due to the fallout from its consumer safety scandal in South Korea.
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NewsMedia Bites 31 March: Booker, P&H, Imperial Brands, Carr's
Booker Group’s fourth quarter trading update was heavily featured in all the papers as the imminent £3.7bn Tesco takeover generates plenty of interest in the wholesaler.
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NewsCity snapshot: Consumer confidence remains subdued in March
Consumers confidence remained stuck in the doldrums in March as Brexit concerns continue to loom and wages fail to keep up with inflation
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NewsHilton Food Group profits rise by 18.4% after 'strong year'
Tesco supplier’s operating profit climbed from £29m to £34.3m, and revenue rose 12.8% to £1.2bn
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NewsBirds Eye owner Nomad falls to a Q4 loss but says conditions improving in the UK
Birds Eye and Findus owner Nomad Foods recorded a loss in the fourth quarter of 2016 but the decline in the UK market slowed as the group battled to turnaround its performance in the challenging frozen market.
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NewsLapo Civiletti to be first non-family CEO at Ferrero
The ‘highly ranked’ Civiletti will take up the role on 1 September, replacing Giovanni Ferrero
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NewsBritvic extends contract with Wincanton until 2022
Wincanton will manage and oversee the still and carbonated soft drinks supplier’s deliveries across the UK
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NewsCity snapshot: Booker’s non-tobacco like for likes up 4.7% in fourth quarter
Booker Group has a reported a strong end to the year, with non-tobacco group like-for-like sales up 4.7% in the fourth quarter ahead of its £3.7bn buyout by Tesco
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NewsMedia Bites 30 March: Sugar, Post-Brexit food prices, Poundland
The size of chocolate bars and packs of sweets in the UK is set to get smaller if manufacturers are to meet government-set targets to cut sugar by 20%, according to a report published today.
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NewsThe Cotswold Distillery secures £1.5m in funding round as craft spirits demand soars
The Cotswold Distillery has raised more than £1.5m in a fundraising round to keep up with higher-than-expected demand for its new whisky.
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NewsAndy Leeser to advise Palmer & Harvey on refinancing process
Tobacco giants are considering investment in P&H following Tesco Booker deal
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NewsJohn Mills made managing director at Landmark Wholesale
Mills replaces Martin Williams, who left the buying group in December 2016 after more than 33 years
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NewsMedia Bites 29 March: Tesco, article 50, Weetabix, Irn-Bru
Tesco continues to fall under the media glare in Tuesday’s papers as it agreed to pay a whopping fine to avoid prosecution in the fraud case.
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NewsCity snapshot: Coffee chain perks up sales and profits at Welsh brewer Brains
Welsh brewery Brains has continued to benefit from its expansion into coffee as profits soared 23% to £5.5m last year
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NewsCornish pasty maker Rowe’s acquired by turnaround specialist
Lossmaking Cornish bakery chain Rowe’s has been snapped up by global turnaround specialist Iberia Industry Capital for an undisclosed amount.
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NewsAG Barr profits sparkle as Irn Bru maker cuts sugar across its range
Shares in the Irn-Bru maker fizzed 2.2% higher to 559.5p on the back of its results in the year to 28 January.
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NewsTesco fraud fine and agreement: what the analysts say
Analysts react as Tesco reaches agreement with the SFO