Finance news – Page 482
-
NewsMedia Bites 5 Aug: ABInBev/SABMiller, Interest rates, BrewDog
Up to 576 UK jobs could go in AB InBev’s takeover of rival brewer SABMiller as AB InBev execs dominate new structure.
-
NewsProfits surge at Kraft Heinz but organic sales fall back
Adjusted EBITDA increased 23.1% in the second quarter at recently merged Kraft Heinz despite a dip in organic net sales as integration cost savings kicked in.
-
NewsBerry Bros & Rudd slashes losses during year of restructure
The Queen’s wine merchant, Berry Bros & Rudd, has dramatically cut its losses despite a drop in sales
-
NewsAG Barr shares hit by weather-driven sales decline
The group has been besieged on a number of fronts in the first half as it battled category deflation
-
NewsUnited Wholesale Scotland reports £5m boost with second depot
The Today’s member recorded a turnover rise of 2.5% to £227m for the year to 31 December
-
NewsKellogg’s profits improve in Q2 but Brexit to dent revenues in year ahead
Kellogg’s has boosted profits but sales continued to fall, with weakness in the UK cereal market and the Brexit vote to cause greater currency disruption than expected.
-
NewsBank of England cuts interest rates to record low
Interest rates in the UK have been slashed for the first time since 2009 as part of a package of measures by the Bank of England to stabilise the economy in the wake of Brexit.
-
NewsMorrisons cuts prices to allay Brexit fears
Morrisons this week launched the third phase of its Price Crunch campaign by reducing the price of 1,045 everyday lines
-
NewsCity snapshot: First half volumes up but sales flat at Kerry Group
Kerry Group has delivered a “solid” first half, with volume growth of 3.2% during the period while sales edged up 0.3% to €3bn
-
NewsMedia Bites 4 Aug: Supermarket promotions, Poundland, NFU
Supermarkets have been accused of promoting obesity by allowing ‘special offers’ on seven out of 10 fizzy drinks.
-
NewsSodaStream UK sales fizz as consumers cut down on sugary drinks
SodaStream first-half sales in the UK have fizzed 52% higher as consumers continue to ditch sugary drinks in favour of healthier alternatives.
-
NewsCity snapshot: UK retailers plan post-Brexit supply chain changes
More than half of UK retailers were “unprepared” for Brexit and almost a third are planning to change up their supply chains as a result of the vote, new research from Barclay’s has revealed.
-
NewsMedia Bites 3 Aug: P&G, AG Barr, Greggs
Investor calls to split up consumer goods giant Procter & Gamble have eased, writes The Financial Times.
-
NewsGreggs boss Whiteside brushes off Brexit threat
Greggs boss Roger Whiteside has insisted a Brexit-inspired economic downturn will not derail the baker’s shift towards offering healthier eating options.
-
NewsProcter & Gamble slows sales decline but currency headwinds weigh on outlook
Procter & Gamble slowed decline in sales during the fourth quarter but currency volatility across the world, including in the UK, dampened its outlook for the new year.
-
NewsBestway Wholesale board shakeup as Race succeeds Sheikh as MD
Co-founder and MD Younus Sheikh has moved to a non-executive role
-
NewsMedia Bites 2 August: Morrisons, Heineken
Morrisons latest price crunch is put under the media spotlight this morning, with Heineken’s first-half results also getting a look in.
-
NewsGreggs healthy sandwiches lift sales 6% in first half
Like-for-like sales were also up 3.8% in the 26 weeks to 2 July
-
NewsReal Good Food returns to profit but sales in decline
Real Good Food has swung back into the black thanks to the sale of its beleaguered sugar business but sales still went backwards.
-
NewsFlorette expands range with Axgro Foods beetroot acquisition
Salad producer Florette has acquired beetroot supplier Axgro Foods in a bid to expand its product range.