Finance news – Page 503
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NewsMondelez profits improve but strong dollar hits sales
Mondelez International has increased earnings 71% in the first quarter as a result of its cost cutting programme.
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NewsHome Retail Group profits slump but Argos digital up 7%
Company incurred an “exceptional goodwill impairment charge” of £852m
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NewsCentral England Co-op profit jumps despite 3% fall in sales
Society invested almost £30m in the business last year
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NewsVital Ingredient ready for UK rollout with LDC backing
Healthy food-to-go chain Vital Ingredient is set to roll-out across the UK from its London heartland after a MBO backed by an £8m investment from LDC.
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NewsMedia Bites 27 April: BHS
The fallout from the administration at BHS continues, with reports of potential saviours, Sir Philip Green facing more pressure from MPs and suppliers counting the costs.
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NewsNestlé and R&R agree to merge ice cream and frozen food businesses
New group to be called Froneri
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NewsS&P upgrades Bakkavor credit rating again
Bakkavor corporate credit rating upgraded by one notch by Standard & Poor’s thanks to a continued improvement in trading, earnings and cashflow.
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NewsSABMiller investor sells half its shares for £1bn
One of the largest shareholders in SABMiller has sold half its stake in the brewing giant for just more than £1bn.
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NewsYorkshire Meatball Co targets supermarkets with crowdfunding cash
Restaurant chain The Yorkshire Meatball Co plans to launch a product for the supermarkets after crowdfunding success.
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NewsMcCain’s GB profits up after its focus on higher margin products
McCain Foods boosts UK pre-tax profits 16.5% despite competitive pressures and a dip in sales.
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NewsNuva aims to shake up drinks sector with £1m funding
Flavoured bottled water brand Nuva has raised £1m in development funding to capitalise on consumer demand to reduce sugar consumption.
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NewsEast of England Co-op pledges to spend £21m on store revamps
Society spent £15m refurbishing 46 food stores in 2015
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NewsMedia Bites 26 April: BHS
The papers are completely dominated by the spectacular crash at BHS with every possible angle examined.
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NewsCity snapshot: Real Good Food profits from sugar sell-off
Real Good Food will report a pre-tax profit of £13.9m, including £9.4m exceptional profit
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NewsHotel Chocolat confirms intentions to float
Hotel Chocolat firms up its £150m flotation plans with official documents filed this morning to the London Stock Exchange.
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NewsCamden Town Brewery to open new facility in Enfield
The £20m investment comes months after the craft brewer’s acquisition by AB InBev
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NewsMedia Bites 25 April: BHS, Premier Foods, Dobbies, Giraffe
The weekend papers were dominated by the news that BHS was on the brink of collapse, with up to 11,000 jobs facing the axe.
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NewsCity snapshot: BHS faces administration today
High Street retailer BHS looks set to file for administration later today after last-ditch rescue talks over the weekend came to nothing
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NewsLyons Seafood boosted by improved availability
Lyons said gross profits “returned to more normal levels” in the year to 27 June 2015