Finance news – Page 502
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NewsSainsbury’s results: what the analysts say
Sainsbury’s has returned to profit but underlying profits fell 13.8% amid a “competitive” market
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NewsMedia Bites 4 May: BHS, Reckitt Benckiser, Amazon
The Government has taken the rare move of fast-tracking a full investigation into BHS’s former directors as Sir Philip Green yesterday agreed to appear before MPs.
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NewsSainsbury’s posts 13.8% drop in underlying profit
Sainsbury’s has returned to profit after posting a £72m loss last year but underlying profits fell by 13.8%
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NewsCo-op sells 36 former Somerfield stores to Food Retailer Group
Stores will transfer to Booker-owned Budgens without job losses
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NewsDrought drives spike in coconut oil prices
Coconut oil prices have risen sharply in 2016 and remain high month on month
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NewsConviviality to buy alcohol wholesaler Bibendum
Conviviality swoops for Bidendum in £60m deal and announces a £32m share placement
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NewsMedia Bites 3 May: Reckitt Benckiser, Sainsbury's, BHS
Reckitt Benckiser faces a major headache this week as investors line up a big protest against the £23m pay package prepared for its chief executive Rakesh Kapoor
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NewsElizabeth Shaw bought by Polish confectionery firm Colian Holding
Historic British chocolatier Elizabeth Shaw has been acquired by Polish confectionery group Colian Holding.
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NewsAnja van Bergen joins Nomad Foods to support acquisitions
Van Bergen joined this month from Dutch-based global animal nutrition and fish feed giant Nutreco
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NewsTesco shares hit as JP Morgan Cazenove rubbishes progress
Tesco was the FTSE 100’s biggest faller on Wednesday, dropping 4.7% to 174.8p – its lowest level for two months
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NewsKalle Group in new ownership
Meat product casings manufacturer Kalle has been sold by its private equity owner Silverfleet Capital to a fund managed by Clayton, Dubilier & Rice.
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NewsChaucer Food Group hunting for US expansion capital
The ingredients supplier has run out of capacity at its new factory in Portland in the US
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NewsCity snapshot: SABMiller to sell Central and Eastern European businesses
AB InBev to sell all of SABMiller’s Central and Eastern European businesses
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NewsMedia Bites 29 April: BHS, Tommee Tippee, Amazon
The fallout from the collapse of BHS once again dominates the retail business news this morning.
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NewsC&C Group signs deal to distribute Tennent's in India
Brewer C&C Group has continued to ramp up its international expansion with the announcement of a partnership with Mahou India to distribute Tennent’s in the country.
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NewsCoca-Cola Enterprises struggles in Q1 as sales lack fizz
Sales at European Coke bottler Coca-Cola Enterprises fell 7% in Q1 with volumes declining as consumers turn away from fizzy, sugary drinks.
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NewsBritish gin and wine drives boom in booze exports to the US
The total amount of beer, wine and spirits shipped to the States was valued at £361m
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NewsMedia Bites 28 April: BHS, Home Retail, Argos, Sainsbury's
The spectacular collapse of BHS continues to overshadow all other news in the papers, but there is also room to report the profit slump at Argos owner Home Retail Group.
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NewsCity snapshot: 'Bleak picture' for gender diversity in consumer products - EY
Just 12% of consumer products and retail leaders expect significant progress in women leadership in the next five years
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News
Vimto owner Nichols sales propped up by acquisitions
Vimto maker Nichols is set to relaunch its no-added sugar brands ahead of the summer.