Finance news – Page 498
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NewsCity snapshot: Poultry acquisitions boost earnings at Cranswick
Revenue for the year to 31 March rose by 6.6% to £1.07bn with comparable volumes up 12% in the year
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NewsMedia Bites 24 May: BHS, John Lewis, Stock Spirits
The major retail business news this morning is the accusation that Sir Philip Green’s Arcadia Group knew that the buyer of BHS “had a history of bankruptcy” before the sale of the retailer.
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NewsSlowing Chinese economy hits Aquatic Foods Group
Chinese seafood company Aquatic Foods Group has reported a 7% drop in first quarter revenues reflecting the pressures of the stalling Chinese economy.
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NewsActivist shareholder wins board battle with Stock Spirits
An activist shareholder has succeeded in installing two new non-executive directors on the Stock Spirits board against the wishes of the current leadership team after other shareholders backed the move at its AGM today.
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NewsIndependent butchers thrive in wake of Horsegate
Independent butchers have continued to thrive since the horsemeat scandal and are now contributing £555m to the economy
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NewsGrocery prices across Europe rise at slowest pace for six years
The prices of everyday items including food, drinks and toiletries have not grown so slowly since 2010
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NewsCity Snapshot: Stock Spirits faces AGM crunch time
Under pressure Eastern European drinks group Stock Spirits will face rebel investors at its AGM
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NewsMedia Bites 23 May: M&S, Tesco, ABInBev
Marks & Spencer’s new boss Steve Rowe is set to reveal on Wednesday his plans to breathe life into the company’s struggling clothing division on Wednesday.
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NewsThe Co-operative goes ‘back to being Co-op’ and revives classic blue look
The society is bringing back its blue leaf clover logo and introducing new membership benefits worth £100m a year
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NewsKettle Chips profits fall amid 'intense' competition
Kettle Chips has seen profits fall more than 31% in the UK as intense competition and heavy promotions in the snacking sector ate away at margins.
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NewsCity News: Asda figures offer little cause for optimism
Asda may have already hit its “nadir”, but its first-quarter figures provided little cause for comfort
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NewsHigh Court rejects appeal against plain packaging for tobacco
The first phase of the European Tobacco directive comes into force today
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NewsDairy Crest enjoys profit boost after liquid milk sale
Processor reports increase in pre-tax profits after offloading dairies division to Müller
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NewsMedia Bites 20 May: Asda, Walmart, BHS, Britvic, Iceland
Asda and CEO Andy Clarke were in focus today after another quarter of terrible sales figures.
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NewsConviviality profits ahead of expectations after 'transformational' year
Sales in the 53 weeks to 1 May will be 137% up year on year to about £864m
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NewsABP chief executive Paul Finnerty to step down
Current COO Frank Stephenson will take over as CEO from 1 October
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NewsFever-Tree shares fizz to record high
Shares at Fever-Tree have rocketed by more than 18% to record levels after the premium mixer brand said trading had outperformed expectations in the first four months of 2016.
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NewsAsda Q1 sales slide 5.7%
Asda has posted a 5.7% decline in like-for-like sales in its first quarter as the supermarket continued to struggle against “fierce competition”.
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NewsScrubbys snapped up by ethnic food group from administration
Vegetable crisp brand Scrubbys has been acquired by an ethnic food manufacturer after filing for administration.
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NewsCity snapshot: Booker profits up despite like-for-like sales slip
Operating profit (before exceptional items) was up 11% to £155.1m