Finance news – Page 445
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NewsTen Acre named as 'Export Champion' by government
The rapidly growing crisps and popcorn brand already exports to more than 40 countries
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NewsTyrrells sales boom as it plans global growth with new owner
Overall turnover, net of discounts and promotional costs, leapt by 25% to £61.6m
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NewsMedia Bites 10 February: Waitrose, Carlsberg, Tate & Lyle, Dairy Crest
Waitrose store closures hit the papers.
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NewsCity snapshot: Reckitt Benckiser agrees $17.9bn deal for Mead Johnson
Durex owner Reckitt Benckiser is to acquire baby formula firm Mead Johnson Nutrition Co in a deal worth $17.9bn
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NewsKellogg profits grow faster than expected but UK drags on group sales
US food group Kellogg has beaten profit expectations in the fourth quarter despite revenues falling for the eighth reporting period in a row, with conditions particularly difficult in the UK.
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NewsFyffes takeover deal gets go-ahead from the EC
Fyffes said the EC had determined it would “not oppose the acquisition”
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NewsFresh produce shortage bites UK retailers to tune of £8m
eThe UK’s top nine supermarkets saw year-on-year sales of courgettes fall by more than £2m last month
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NewsWaitrose to close six stores and alter store management roles
Waitrose will open a total of eight new stores over the course of the year
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NewsBernard Matthews set to cut 150 jobs in Norfolk
The turkey giant said it was consulting over proposals
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NewsCity snapshot: Dairy Crest warns cost inflation will hit net debt
Dairy Crest (DCG) has grown volumes in its key brands in the first nine months of the year, but has warned over the impact of rising input prices. Plus Tate & Lyle has upgraded earnings expectations after a strong third quarter, Pernod Ricard grows underlying sales and all the rest of this morning’s news from the City.
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NewsMedia Bites 9 Feb: Waitrose, Asda, Aldi
Waitrose is planning to close six stores and remove a level of management in its supermarkets, putting 600 jobs at risk.
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NewsRejuvenation Water beats funding target as it unveils first overseas listing
Soft drinks start-up Rejuvenation Water has overtaken its £150,000 crowdfunding target after money flooded in from investors as the brand revealed an international listing with Dubai’s largest supermarket chain Spinneys.
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NewsBleiker’s Smokehouse nets funding for growth ambitions
Smoked salmon producer Bleiker’s Smokehouse has secured £3.9m in bank funding to expand its capacity to keep up with the demand from new contracts with Morrisons and Aldi.
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NewsCity snapshot: Cost-cutting helps boost earnings for Carlsberg
Carlsberg has posted full-year organic operating profit growth of 5% despite a fall in sales volumes as the early benefits from its cost-cutting programme boosted earnings
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NewsMedia Bites 8 Feb: Co-op, Aldi, Booker
“Co-op’s future in doubt as ‘saviour’ heads for exit” is the headline in The Times (£) over the shock departure of Co-op boss Richard Pennycook.
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NewsNaturo looks to double petfood output with £3m investment
The investment in the brand’s Northern Ireland facility includes a new meat handling system
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NewsCauli Rice smashes £400k target in new crowdfunding round
Cauli Rice has raised more than £2m across four rounds of crowdfunding stretching back to September 2014.
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NewsMedia Bites 7 February: Metro, Ajinomoto, Boots, Tyson Foods
It’s a quiet morning in the papers for UK grocery news, but there are a few international stories, including Metro shareholders voting overwhelmingly in favour of the German retail conglomerate’s plans to split in two.
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NewsCity snapshot: Aldi knocking on the door of big four
Aldi has accelerated passed Co-op to take its place as the fifth biggest food retailer in the UK, the latest Kantar Worldpanel data has revealed. Plus, the latest figures from Nielsen and the BRC - KPMG retail monitor for Jannuary.
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NewsFood chain traceability specialist Arc-net secures £2m investment
Irish start-up Arc-net, a specialist in food chain traceability, has secured a £2m investment from the founder of one of the world’s largest medical outsourcing firms to support its rapid growth.