Finance news – Page 468
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NewsCity snapshot: Consumer confidence surges to five-year high
UK consumers have shrugged off post-referendum pessimism, with confidence rising to a five-year high. Plus all the rest of this morning’s news from the City …
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NewsMedia Bites: Food price inflation, Tesco workers, Mondelez
Store giants apply ‘unfair’ cost squeeze on suppliers, is the lead story in The Times (£) this morning.
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NewsKellogg's cereal sales flag as consumers seek alternatives
Turnover at the sales and marketing arm of Kellogg’s fell almost £10m to £795.2m in the year to 2 January 2016
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NewsSoaring British wheat prices spark Brexit food inflation fears
Prices are up across all grades of British wheat, with UK feed wheat futures rising 14% to £131.50/tonne since the Brexit
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NewsWeetabix faces tough trading as private label sales plummet
Globally, Weetabix’s sales slipped 1.3% to £432.8m in the year to 2 January 2016
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NewsCity snapshot: Burton's looks to counter 9% annual sales slide
Wagon Wheels manufacturer Burton’s Biscuits undertook a radical shake-up of its business after another year of declining sales, while Unilever and Tesco solve Marmite spat …
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NewsMedia Bites 14 Oct: Unilever/Tesco, WH Smith
The price spat between Unilever and Tesco, which has seen stocks of Marmite running low at the UK’s biggest supermarket, is still capturing the imagination of the papers.
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NewsChaucer Food's double-digit growth boosts US expansion plans
Chaucer Food Group has reported double-digit jumps in sales and underlying profits as it gets closer to securing about $70m of new investment in the US.
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NewsBurton's Biscuits shakeup to address a further decline in sales
Burton’s is under new leadership and has shed its Cadbury biscuits licence as sales fell from £315.4m in 2014 to £287.4m in the year to 3 January 2015.
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NewsAsahi UK is formed following AB InBev and SAB Miller merger
The Japanese brewer’s acquisition of Miller Brands for €2.55bn (£2.3bn) was completed this week
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NewsBernard Matthews owed mults £2.7m at time of Singh rescue
Tesco was owed £1.1m and was the largest of the supplier’s 900 unsecured creditors
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NewsMedia Bites 13 October: Unilever, Premier Foods, Diageo
The price row between Tesco and Unilever is big news today across all the papers.
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NewsCity snapshot: Price hikes help Unilever grow in stagnant markets but weak pound hurts revenues
Prices hikes have helped Unilever increase underlying sales in the past three months despite falling volumes. Plus, Booker sales leap 13% to £2.5bn in the first half despite tobacco display ban …
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NewsUnilever products disappear from Tesco website in prices row
Tesco declined to comment on speculation that Unilever had approached it with a demand for a 10% price increase
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NewsBoparan swoops for Ed's Easy Diner chain
2 Sisters owner Ranjit Singh Boparan has acquired 1950s-themed US chain Ed’s Easy Diner in a pre-pack administration to add to his restaurant empire.
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NewsBrian McNamara appointed CEO of GSK consumer health division
He succeeds Emma Walmsley, who last month was appointed GSK CEO designate
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NewsSainsbury's looks to drive Argos awareness with pop-up shops
Sainsbury’s CEO Mike Coupe said his ambition was to put an Argos concession or click & collect point in all supermarkets
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NewsMedia Bites 11 October: Sainsbury's, AB InBev/SABMiller, Amazon
Sainsbury’s reveals its latest look for the “supermarket of the future”, AB InBev completes it merger with SABMiller, and Amazon is set to open three physical stores in the US.
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NewsCity snapshot: Premier Foods sales plunge after late summer
Premier Foods’ recovery took a hit in the second quarter as branded grocery sales slumped 12.4%, with customers staying away from Bisto gravy and Oxo stock cubes during a hot September.
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NewsBrexit has damaged business, say food & drink suppliers
More than two-thirds of suppliers are less confident about the business environment after the EU referendum