Finance news – Page 499
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Media Bites 19 May: Tesco, BHS, SABMiller
“Is deal king Luke Johnson about to buy back Giraffe?” asks The Daily Mail
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“Super premium” growth drives up revenues at Miller Brands
SABMiller’s UK and Ireland subsidiary Miller Brands UK saw net producer revenues rise by 5% last year as UK appetite for “super premium” brands Peroni Nastro Azzurro and Pilsner Urquell grew.
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Diageo appoints former Bacardi CEO as chairman
Javier Ferrán will replace outgoing chairman Dr Franz Humer
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SSP Group profits take off but rail affected by Paris terror attacks
Travel concession group SSP (SSPG) has reported a more than 40% hike in first-half profits as air passenger numbers swelled but trading in railway stations in the UK and Europe slowed in the wake of the terrorist attacks in Paris and Brussels.
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Media Bites 18 May: Premier Foods, Greencore, BHS, Carlsberg
Premier Foods annual results were in the spotlight yesterday as Gavin Darby faced the media for the first time since US suitor McCormick walked away from takeover talks.
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City snapshot: SABMiller blown off course by currency headwinds
Revenues have fallen 10% to $19.8bn at SABMiller in the face of the strong US dollar
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Greencore focus on food-to-go reaps dividends
Double-digit growth in food-to-go helped Greencore push up revenues 8.1% to £691.6m during the first half and raise its dividend.
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Hain Celestial juice deal squeezed by CMA
Hain Celestial acquisition of Orchard House Foods could lead to higher prices for supermarkets and consumers, the competition watchdog warns.
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Chapple & Jenkins expands warehouse to meet growing demand
The Bristol-based business has used financing from Barclays to buy an additional 33,000 sq ft of warehouse space
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Media Bites 17 May: Stock Spirits, BHS, Charlie Bigham
Vodka maker Stock Spirits is about to be engulfed in a boardroom war as millionaire investor Luis Amaral leads a coup against chairman David Maloney
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City snapshot: Strong fourth quarter drives Premier Foods to full-year sales growth
Premier Foods has recorded full-year sales growth of 0.6% after a better than expected sales boost of 1.4% in the fourth quarter.
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Pinkster Gin breaks into US and Australia
Specialist gin producer Pinkster Gin is exporting its products to the US and Australia after securing a £200,000 bank funding package.
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Pieminister expansion heats up with £1.4m funding
Pieminister is heating up its expansion plan after securing a £1.4m bank funding package.
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P&H warns national living wage will lead to staff cuts
One in three independent convenience retailers say wage will force them to reduce staff hours and increase their prices
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Tyrrells swoops for German organic crisp maker Aroma
Tyrrells has made its first European acquisition after snapping up German organic crisp maker Aroma Snacks for an undisclosed sum.
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Media Bites 16 May: Premier Foods, Asda, Tesco, BHS
Premier Foods was in the spotlight again this weekend ahead of its full-year results on Tuesday; Asda boss Andy Clarke under more pressure ahead of Q1 results; and Tesco boss Dave Lewis says there is more rebuilding to do.
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City snapshot: Tyrrells takes a bite of German crisp maker
Tyrrells has continued its focus on international markets with its first European acquisition
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Fragmentation drives deals in wholesale and distribution
The wholesale and distribution sector was one of the key drivers of M&A activity during the first quarter
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Fentimans' posh pop sales fizz up by more than 25%
Overall sales grew 25% to £19.4m, with a 60% rise in export sales to £6.1m in the year to 31 July 2015…
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Lucozade Ribena Suntory posts big jump in profitability
The UK subsidiary of Japanese drinks giant Suntory managed to post a 0.5% rise in value sales