Finance news – Page 444
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NewsPoundshop secures £2m funds from Foresight to fuel growth
Poundshop.com has secured a £2m investment to accelerate growth with backing from venture capital firm Foresight
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NewsHeineken bid for Punch Tavern pubs faces CMA investigation
The CMA is looking into whether the £403m deal would reduce competition and choice for customers
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NewsMedia Bites 16 February: Heineken, Brexit, Waitrose, Danone, PepsiCo
Heineken’s results in the week it bought Kirin’s Brazil business was picked up by most papers. Plus the EU is worried over an influx of ‘British champagne’ once Brexit ends food naming rules.
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NewsCity snapshot: Nestlé expects subdued 2017 as growth slows again in 2016
Organic growth at Nestlé slowed for the fifth year in a row in 2016 as trading in the final quarter came in below expectations, with the Swiss food giant giving a subdued outlook for 2017
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NewsPepsiCo strength at home adds fizz to Q4 sales
PepsiCo boosted sales 5% in its fourth quarter to $19.5bn thanks to steady demand in its domestic US market and a 53rd week in the financial year.
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NewsHeineken continues acquisition hunt with £563m Kirin deal in Brazil
Heineken has acquired the Brazilian operation of Japanese brewer Kirin for €664m (£563.4m) as it battles to keep up with AB InBev in the wake of the AB InBev mega-merger with SAB Miller
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NewsWarren Buffett offloads majority of remaining Walmart shares
Veteran investor Warren Buffett has sold off almost all his remaining shareholding in Asda owner Walmart in favour of backing airlines, Monsanto and Apple.
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NewsCity snapshot: Premium brands and cider boost Heineken results
Heineken has reported a “strong” set of results for 2016 as a 3.7% jump in premium beer volumes drove revenue higher and the success of Strongbow Dark Fruit helped the Dutch brewer win share in the cider market. Plus, Danone reports full-year results.
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NewsOcado management sees pay cut as targets are only just hit
CEO Tim Steiner’s cash remuneration fell from £1.1m to £935,000
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NewsConsumers concerned about rising food prices, survey reveals
Study found shoppers were already taking steps to protect themselves against the threat of rising food prices
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NewsSimon Hay to step down as CEO of Tesco data arm Dunnhumby
Dunnhumby helped Tesco dominate the UK supermarket industry with the launch of Clubcard
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NewsInflation leaps to highest level since June 2014 as food prices rise
Inflation has hit its highest rate for two-and-a-half years, driven by the dramatic slowdown in falling food prices since the EU referendum and rising fuel costs at the pumps.
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NewsMedia Bites 14 February: Heineken, Ocado, Tesco, Champagne prices, Co-op Bank
Heineken’s second acquisition in as many months is covered this morning. Plus, a note from Bernstein analysts warns that Ocado might run out of cash before it has time to strike an overseas deal.
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NewsCity snapshot: Shoppers expect rapid price rises in 2017
The majority of consumers are feeling the pinch from rising prices over the past year and expect more rapid hikes to come in the next 12 months in the wake of Brexit, according to market research firm GfK.
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NewsThe Co-op puts Bank up for sale
Flatlining interest rates and high transformation costs put a spoke in bank’s plans for organic growth
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NewsTesco orders promotion checks after damning BBC investigation
Undercover reporter found customers were being overcharged on multibuys at two thirds of stores visited
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NewsMedia Bites 13 February: Reckitt Benckiser, Tesco/Booker, M&S
Reckitt Benckiser’s $17.9bn acquisition of baby formula firm Mead Johnson comes under scrutiny in this weekend’s papers. Plus, the Tesco/Booker merger will spark a massive offensive on click-&-collect growth, Dave Lewis says.
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NewsCity snapshot: Footfall declines at fastest pace since Brexit vote
Consumers avoided the high street in January as footfall declined at its fastest rate since June last year, according the latest data from BRC – Springboard.
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NewsDairy Crest shares fall on warning of high net debt
The spectre of rising costs spooked Dairy Crest investors on Thursday morning
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NewsDeflation grinds to a halt for the first time since mid 2014
Tesco was the only big four retailer to buck the trend with its prices still down 1% year on year