Finance news – Page 455
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NewsNew Zealand lamb importer warns of Brexit impact
One of the UK’s biggest importers of New Zealand lamb has warned it faces lower profit margins amid a tightening of supply after this year’s vote to leave the EU.
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NewsLion Capital swoops for Loungers in £137m deal
The former owner of Weetabix and Kettle Foods has snapped up bar chain Loungers from private equity firm Piper in a deal valuing the business at £137m.
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NewsSix migrant workers negotiate gangmaster compensation
“Substantial” compensation awarded after labour exploitation on a farm producing chickens
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NewsButcher’s Pet Care sales fall for first time since 2005
Sales at pet food maker Butcher’s Pet Care have declined for the first time in ten years but profits continue to soar.
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NewsWeetabix to continue talks over new year strike threat
The proposed action over shift changes would affect sites in Corby and Kettering
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NewsCity snapshot: McColl’s deal to buy 298 Co-op stores receives final CMA approval
McColl’s has received final and unconditional approval for its deal to buy 298 Co-op convenience stores struck in July 2016. Plus Dale Farm moves back to profit, Lion Capital buys up stake in UK cafe chain and all the rest of today’s news from the City.
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NewsMedia Bites 20 Dec: Weetabix, Danone, Amazon
Workers at cereal company Weetabix are to go on strike in the new year after voting for action in a row over shift patterns.
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NewsDale Farm back in profit despite sales fall
Belfast-based dairy firm Dale Farm moved back into annual pre-tax profit last year despite a 5.1% fall in annual sales.
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NewsHalf the cost of Christmas booze shop is tax, claims WSTA
Tax accounts for 51% of an average UK family’s festive alcohol shop, compared to 32% in France, the industry body said
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NewsUK firms to shrug off Brexit with 2017 recruitment drive
More than two out of five UK companies expect to hire more people next year despite concerns over the long-term impact of Brexit, according to the CBI/Pertemps. Plus all the rest of the news from the City in the run-up to Christmas.
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NewsMedia Bites 19 Dec: Lidl, Tesco, British American Tobacco, Christmas shopping
Lidl is to create 5,000 jobs in London and invest £70m in a new UK headquarters in the capital as the German supermarket reaffirms its commitment to Britain following Brexit, writes The Telegraph.
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NewsCity News: Market worries over Tesco sales slowdown
Tesco once more looked like the clear winner amongst the big four from this week’s grocery market share data, but the City had other ideas.
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NewsUnilever acquires haircare business Living Proof
Unilever has announced it has agreed to acquire science-based haircare business Living Proof for an undisclosed sum.
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NewsProfits plunge at Tesco data arm Dunnhumby
Operating profits dropped by more than 80% at Tesco data arm Dunnhumby in the year that the supermarket failed to strike a deal to sell-off the business.
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NewsJust Eat to swallow rival Hungryhouse in £200m deal
An extra £40m could be added to the sum depending on delivery service’s performance
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NewsFirst Milk back in the black after focusing on its core strengths
CEO Mike Gallacher said the “scale of our transformation has been delivered by focusing on the big things”
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NewsYorkshire Poultry Products rescue deal saves 126 jobs
More than 120 jobs have been saved at a halal poultry processor after administrators at KPMG struck a rescue deal.
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NewsUS food and drink industry wary of UK future
The uncertainty of future trade arrangements with the EU is weighing more heavily on the US food and drink sector than any other, a report has found this week.
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NewsUK food and drink makers must push harder into China - Leadsom
UK food and drinks suppliers should be doing more to trade with China as the UK gets set to begin the process of exiting the EU, Defra secretary told an export forum
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NewsBeam Suntory acquires Sipsmith Gin ahead of global push for London craft brand
The maker of Jim Beam and Maker’s Mark has “ambitious” export plans for the brand