Finance news – Page 451
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NewsConviviality service levels drop ahead of crucial Easter weekend
Service levels in the crucial run up to Easter now as big a concern as cash flow, sources claim
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NewsCity Snapshot: Kerryfresh collapses due to cashflow issues
Fresh to Store, trading as Kerryfresh, has collapsed into administration, AG Barr sees strong profit growth, Diageo appoints Ursula Burns as interim executive chairman and the other news from the City
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NewsMedia Bites 27 March: Casino, Amazon, Conviviality
French supermarket giant Casino has signed a distribution deal with Amazon
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NewsKerryfresh calls in administrators after cashflow problems
Fresh to Store completed an MBO from Kerry Foods in February 2015
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NewsPineapples in demand as sales rise 15% at Tesco
Demand for the fruit has hit an all-time high over the past 12 months
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NewsPaul Lindley to head up Child Obesity Taskforce in London
Earlier this month, The Grocer revealed Lindley was stepping down as chair of Ella’s Kitchen
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NewsCity snapshot: Smurfit spurns International Paper revised offer
The board of packaging company Smurfit Kappa has rejected a revised proposal from International Paper and all other news from the City
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NewsMedia Bites 26 March: Tesco, HoF, Whole Foods
The Confederation of British Industry chairs’ committee will nominate Tesco chairman John Allan as the next president
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NewsDairy Farm announces partnership with Robinsons Retail
Pan-Asian retail giant created from partnership between Dairy Farm and Robinsons Retail
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NewsPlans to stockpile food in case of Brexit border chaos
Some companies are considering stockpiling up to six months’ worth of products and ingredients
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NewsMedia Bites 23 March: Unilever, ConAgra Brands, M&S
One of Unilever’s top-10 shareholders said it failed to consult UK investors over the implications of last week’s decision to establish a single legal base in Rotterdam
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NewsCity snapshot: Tyrrells tipped for private-equity return
City sources have tipped Tyrrells to return to private equity hands for the third time in a cut-price deal, Fever-Tree announced the sale of 3m shares at 2,750p a share and the rest of the news from the City
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NewsOcado feels chill as first-quarter sales disappoint
The online grocer’s first quarter sales growth was reduced by almost one percentage point
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NewsWing Yip suffers 30% drop in pre-tax profits
According to accounts filed at Companies House this week, pre-tax profits were down from £4.8m to £3.5m on turnover up 8.7…
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NewsPrivate equity suitors eye cut-price Tyrrells deal
Tyrrells is likely to return to private equity hands in a cut-price deal as new owner Hershey’s looks to sell off the upmarket crisps brand.
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NewsFood safety scandal slashes quarterly profits at 2 Sisters
Second-quarter profits have plunged at 2 Sisters Food Group owner Boparan Holdings, as the closure of its scandal-hit West Bromwich factory weighed on results.
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NewsUK retail sales return to growth in February
The rising cost of goods boosted retail sales in February according to the Office of National Statistics, with value sales growth significantly outpacing volume increases in purchases compared with the previous month.
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NewsBirds Eye owner Nomad more than doubles annual profits
Nomad Foods, owner of frozen food brands Birds Eye, Iglo and Findus, has reported “an outstanding year” during which it reported full-year organic revenue growth of 3.9%.
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NewsKerry bets big on plant-based trend with Ojah acquisition
Dutch-based Ojah makes plant-based meat substitutes using proprietary technology and exports to 21 countries
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NewsCity snapshot: Conviviality seeks £125m from investors to save the business
Conviviality has announced an equity placing to raise £125m in a bid to recapitalise the business – without which it said it was “unlikely” to be able to continue. Plus on a busy day in the City, Produce Investments back in profit, protein woes weigh on 2 Sisters, Reckitt pulls out of Pfizer talks and all the rest of the news from the City.