Finance news – Page 450
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NewsPremier Foods warns profits to be hit by weak trading and rising costs
Premier Foods has issued a profits warning this morning, despite a strong December, as sales remained weak in the third quarter and costs spiralled following the slump in sterling.
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NewsMedia Bites 18 January: Greggs, British American Tobacco/Reynolds, Pep&Co
The papers all take a good look at Theresa May’s speech on Brexit, examining it consequences and reaction from various quarters, but in the grocer sector Greggs Christmas trading and BAT’s takeover of Reynolds come under the spotlight.
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NewsHotel Chocolat ends 2016 with strong festive sales
Hotel Chocolat jumped by 16.2% in the 13 weeks to 25 December as more customers spent more money in-store and online.
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NewsBear shakes up management team as Giles Brook moves on
Kids snack brand Bear has shaken up its leadership team, with a new managing director appointed and Giles Brook leaving the business to focus on his role as European CEO at Vita Coco.
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NewsFood price rises help Inflation jump to 1.6% in December
UK Inflation, as measured by the Consumer Prices Index, has risen by 1.6% in the year to December 2016, rising from 1.2% in the year to November.
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NewsBritain to leave single market, says Prime Minister Theresa May
Prime Minister Theresa May has ruled out remaining in the single market as Britain negotiates an exit from the EU
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NewsMedia Bites 17 January: Brexit, Pep&Co, courgette shortage
Prime Minister Theresa May grabs all the headlines ahead of here big Brexit speech later today.
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NewsCity snapshot: Sweet Christmas for Hotel Chocolat as shoppers spend more on gifts
Hotel Chocolat sales leapt 16.2% in the 13 weeks to 25 December as customers spent more money on higher priced gifts for Christmas
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NewsFyffes shareholders approve Sumitomo buyout
Fyffes shareholders have overwhelmingly approved the €751m takeover bid from Japanese food group Sumitomo Corporation.
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NewsApril 'will serve rates hammer blow to small shops'
The average small shop will see rates bills increase by £3,663 over five years, CVS research indicates
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NewsMash Direct profits boost as awareness outside of Northern Ireland grows
Northern Irish convenience food manufacturer Mash Direct has increased profits five-fold thanks to a rise in sales driven by growing consumer awareness of the brand outside its domestic market.
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NewsHilton Food Group to deliver results 'ahead of expectations'
Meat packer benefits from positive foreign currency conditions and sales growth in number of markets
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NewsCity snapshot: High street sees first Christmas footfall rise in five years
Continuing the surprisingly strong festive retail results of last week, the BRC – Springboard footfall numbers for December have found the first festive rise in high street footfall for five years. Plus a look at the week ahead and all the latest news from the City.
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NewsMedia Bites 16 Jan: Bakkavor, Supermarket results, Inflation
Bakkavor, a top supplier of Marks & Spencer ready meals is leading a pack of British companies heading for a London stock market float, according to The Times (£)
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NewsFreddo bar set for 20% price increase as cocoa prices rise
Move is a “last resort” to manage costs, insists Mondelez
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NewsFortnum & Mason sales soar 16% over Christmas
The luxury brand reported a 22% year-on-year increase in online sales in the five weeks to 1 January
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NewsMedia Bites 13 December: Tesco, M&S, Primark, John Lewis, Waitrose
‘Super Thursday’ provides the papers plenty to chew over, with most of the Christmas trading updates finding space on the page.
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NewsCity snapshot: Kerry pastry deal boosts Addo Food Group
Sales and profitability have soared at Addo Food Group after it turned around the performance of the chilled savoury pastry business acquired from Kerry Foods in August 2014.
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NewsCook reports record rise in Christmas sales
Cook reports strong growth in its 87 shops of just under 6%, so “still believes in the high street”
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NewsFood Retailer Group plans to close 12 Budgens stores
Staff will face “difficult and troubling time”, says Usdaw