Finance news – Page 467
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C&C Group sells Shepton Mallet Cider Mill to Brothers Drinks
The deal follows C&C’s announcement in January that it would close the mill by end of summer
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Former Premier COO Geoff Eaton is new Butcher's Pet Care chair
Eaton is also chairman at New England Seafood and a non-executive director at John Menzies
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Media Bites 20 October: Hotel Chocolat, Tesco, Reckitt Benckiser
Luxury chocolate maker Hotel Chocolat received plenty of positive coverage for its maiden full-year results.
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City snapshot: Nestlé scales back full-year expectations
Nestlé sales have increased 3.3% to CHF 65.5bn in the past nine months, missing expectations with full-year forecasts revised down
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Hotel Chocolat CEO dismisses need for 'knee-jerk' price rises
Hotel Chocolat CEO Angus Thirlwell has pledged not to instigate ’knee-jerk’ price rises to cope with rising input costs after the post-Brexit plunge in the pound.
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John Power replaces Salkeld as CEO at Symington's
Power takes over from David Salkeld who steps down after a nine-year stint at the helm
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Retailers and suppliers vow to protect consumers from inflation
Tesco and Mars chiefs pledged to minimise the effects of food inflation “as much as possible” at the IGD’s Big Debate
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Wine industry calls for support as Brexit drives up prices
An average bottle of wine coming from the EU would go up 29p, while wine from outside the EU would be 22p more expensive
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City snapshot: Hotel Chocolat’s debut annual results show sales and profits growth
Hotel Chocolat has announced a 12% sales boost and a big jump in profitability in its first annual results as a listed company
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Media Bites 19 Oct: Tesco, Inflation, Groceries Code Adjudicator
The papers focus on the strong grocery market share figures for Tesco release yesterday, giving further weight to the view Dave Lewis turnaround plan is well on track.
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Government calls for evidence on extension of GCA powers
The government says it could look to extend the role even if competition authorities decide there is insufficient evidence
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Poll: How big an opportunity are exports in wake of sterling slump?
The Grocer is polling the UK’s food and drink manufacturers to gauge attitudes to exports in the wake of Brexit
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Food and drink action plan targets £3bn boost in exports
Government targeting nine key markets across 18 countries with best potential for export growth
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Charlie Bigham's hits 'new heights' with 35% growth
Retail sales were up 35% year on year to £57m in the financial year ended August 31 2016…
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Media Bites 18 Oct: Cigarette sales, the pound, Graze
Cigarettes are no longer a core product for Britain’s corner shops and small retailers, according to research from the antismoking group ASH.
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City snapshot: Tesco leads the big four as grocery sales rise
Tesco experienced its best year-on-year sales figures for over three years, according to Nielsen market share data released today
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Profits rise at Asda-owned IPL as it secures lowers prices
Asda’s direct sourcing arm International Procurement and Logistics saw a near 23% jump in pre-tax profits last year as it made procurement savings for the WalMart-owned supermarket.
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Tesco and Asda embattled by worker pay disputes
Tesco faces legal action over weekend pay, while Asda resists equal pay claims
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Nim's Fruit Crisps taps Tesco's BackIt platform for new kids crisps range fundraiser
The Kent-based supplier is aiming to raise £20,000 for the new children’s range
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Tony Reed made chief executive at Palmer & Harvey
Current CEO Chris Etherington will remain with P&H as executive deputy chairman