Finance news – Page 505
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NewsNish Kankiwala to take over at Hovis as Martyn Wilks retires
Kankiwala joined two years ago as executive chairman
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NewsDanone confirms full-year target as like-for-like sales grow in Q1
Danone sales fell 3% in the first quarter to €5.31bn as it faced into severe currency headwinds of -7.2% but like-for-like figures grow 3.5%.
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NewsAsahi agrees £2bn deal for Peroni, Grolsch and Meantime
Exclusive talks between AB InBev and Asahi since February result in £2bn deal for premium lager brands Peroni and Grolsch, as well as London brewery Meantime.
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NewsLidl applies to open 500,000 sq ft RDC in Devon
Lidl is hoping to receive planning permission by the end of June
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NewsMedia Bites 19 April: Reckitt Benckiser, Pepsi, Waitrose
Reckitt Benckiser revealed a healthy start to the year but the controversy over the huge pay packet of CEO Rakesh Kapoor is still making headlines.
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NewsABF records small sugar profit but revenues decline
Sales have been hit by exchange rates at ABF in the first half
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NewsWaitrose begins exporting to China via e-commerce platform
Retailer also confirms it is no longer paying staff Sunday premium
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NewsThomas J Fudge's hands control to PE investor Livingbridge
The investment will aim to take the premium biscuit brand to number one in the UK
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NewsStock Spirits CEO steps down
Stock Spirits CEO Chris Heath has bowed to shareholder pressure and announced he is stepping down
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NewsMedia Bites 18 April: Sainsbury's, Boots, Ahold
A consortium has abandoned secret plans to launch a takeover bid for Sainsbury’s
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NewsReckitt Benckiser records solid growth in quarter one
Developing markets recorded double-digit growth in like-for-like sales for RB
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News
NI food & drink industry nervous as Brexit threatens trading
Fear over lost trade and difficulty exporting goods is a prevalent one
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NewsTesco turnaround fails to impress the City
On the face of it there was plenty to celebrate in the Tesco annual results this week
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NewsFletchers Bakeries back in the black under Finsbury
The morning goods & specialist bread supplier reported a pre-tax trading profit of £5m in the 15 months to 27 June 2015
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NewsDepressed prices set to prolong farming crisis, claims Carr's
Group says farming customers have struggled due to slump in commodity prices
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NewsNisa says Q4 sales are milestone in recovery
Nisa Retail delivered a 4.9% sales increase in the fourth quarter
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NewsThe Co-op Group set to offload 300 stores
Society reported to have appointed Rothschild to handle the disposal
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NewsBrexit could push food manufacturers over the edge, Begbies warns
Brexit could be “disaster” for struggling UK exporters, with food and drink makers particularly in danger
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NewsElla's Kitchen hits 10 successive years of double-digit growth
Revenues increased 10% to £51.2m in the year to 30 June 2015, with sales in the UK up 12% to £40.5m
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NewsCranswick targets big four poultry accounts
Deal will further bolster Cranswick’s push into poultry says CEO Adam Couch