Finance news – Page 477
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More signs of dairy market recovery as Müller ups its milk price
Dairy processor hopeful markets have finally ’turned corner’
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Amazon Prime Now extended in North London and East of England
Amazon has been rapidly expanding its Prime Now offering since its launch in London last June
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City snapshot: Consumer confidence increases as Brexit nerves ease
GfK’s Consumer Confidence Index has increased by five points this month to -7 as worries over the implication of Brexit begin to settle down. Plus all the rest of the latest news from the City.
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Media Bites 31 Aug: M&S/ABF, Mondelez/Hershey, Consumer confidence
Analysts back Primark and M&S to cash in on post-BHS high street.
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Amazon launches one-click Dash button in the UK with 48 brands
Launch comes over a year after the buttons made their debut in US market
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Armaghdown Creameries reports sales drop of more than a third
Northern Ireland-based supplier sees sales plummet due to effects of “continued downturn in the global dairy markets”
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Mondelez abandons Hershey takeover deal
Mondelēz announced yesterday it has abandoned its bid for Hershey after deciding “there is no actionable path forwards”
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Media Bites 30 Aug: M&S, Supermarket shares, Mondelez
The new boss of Marks & Spencer is planning a U-turn on his predecessor’s foray overseas.
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Propercorn confirms £7m cash injection
Fast-growing UK popcorn brand Propercorn has confirmed it has received a £7m investment from private equity player Piper and JamJar
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Mega-brew merger puts UK jobs at risk as London head office closure confirmed
AB InBev’s buyout of SABMiller is “likely” to involve the loss of UK roles after the offer document confirmed plans to establishe a global HQ in Leuven, Belgium
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Rio summer boosts sales but not everyone's a winner
Tropical temperatures and Team GB’s efforts in Rio helped the supermarkets record their best sales for almost three years
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City snapshot: Non-EU exports boom pre-Brexit
New FDF figures show non-EU food and drink exports are rapidly growing and make up almost a third of total exports
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Media Bites 26 Aug: Consumer spend, Discounters, PizzaExpress
Consumer spending surged to a six-month high in August as tourists flocked to UK high streets to take advantage of the weak pound, according to the CBI.
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Bargain stores overtake Aldi and Lidl in popularity
Sales at variety discount stores such as Poundland, B&M and Home Bargains have soared by 17% to £4.9bn in the past year.
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Non-EU exports of UK food & drink soar 14%
Food and drink exports to non-EU countries rose by 14% year on year in the run up to the Brexit vote, new figures from the FDF have revealed
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Rafael Oliveira takes over as Kraft Heinz UK & Ireland MD
The role has been held by president of Kraft Heinz Europe Matt Hill on an interim basis since March
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Tesco extends same-day click & collect with added charges
New pick-up slots will be £2 from Monday to Thursday and £3 on Fridays
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City Snapshot: Ahold and Delhaize post pre-merger sales growth
The newly combined Ahold Delhaize (AD) has “kicked off with good momentum” after both Ahold and Delhaize Group reported strong second quarter results
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Media Bites 25 Aug: Tesco, Amazon, WH Group
Tesco has fired the latest salvo in what is being dubbed the “time wars” between food retailers by launching a same-day click and collect service for grocery orders.
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Average household bins a month's worth of food every year
Amost half of Brits keep bread in the fridge even though this speeds up the growth of mould