Finance news – Page 506
-
NewsEssex family food store forced to close after 17 years
The Food Company in Marks Tey, Colchester, will cease trading on 29 July
-
NewsLondis' Wine Festival boosts sales by 60% across estate
The four-week promotion featured offers including half-price deals on Silent Lake and Isla Negra
-
NewsMedia Bites 19 July: Inflation, Dairy Crest, Amazon, P&G, North Sea cod
The surprise drop in inflation; Dairy Crest results; the launch of Amazon meal kits; the ongoing tussle at P&G; and the North Sea cod has been deemed sustainable once again.
-
NewsCity snapshot: McCormick swoops for French's and Frank's Red Hot in £3.2bn deal
Schwartz spice maker McCormick has acquired Reckitt Benckiser’s food division for $4.2bn (£3.2bn) in cash. Plus, sales jump 12% to £105m at Hotel Chocolat.
-
NewsAmazon begins selling first meal kits
The soft launch comes just days after filing a trademark for its slogan ‘We do the prep. You be the chef’
-
NewsP&G defends record as it hits back at activist investor Trian
Procter & Gamble has hit back at the activist investor agitating for a seat on the board of the consumer goods giant and said its directors are already “best-in-class”
-
NewsEagle Eye remains £1.8m in the red
Grocery tech firm Eagle Eye Solutions has increased group full-year revenues by 71% to £11.1m but still expects losses to remain at the same level as in 2016.
-
NewsSurprise fall in inflation in June to 2.6%
Inflation in the UK unexpectedly slowed to 2.6% in June as falling petrol and diesel prices more than offset higher food bills, official figured revealed today.
-
NewsShoppers to cut back on 'too expensive' fresh fruit & veg
One third of the 2,009 people who took part in the survey said they had cut down on sugar in the past year
-
NewsMedia Bites 18 July: P&G, Conviviality, M&S
P&G in battle with activist investor Trian; Conviviality doubles profits; and M&S launches ‘Project Thin Air’ to reduce food packaging waste.
-
NewsCity snapshot: Strong growth for Dairy Crest brands in Q1 but rising butter costs squeeze margins
Dairy Crest has recorded “good” growth for its four main brands in the cheese, spreads and oil categories during the first quarter but soaring butter prices are putting pressure on margins. Plus, Procter & Gamble hit back at the activist investor agitating for a seat on the board of the consumer goods giant; and Eagle Eye grows revenues 70% but can’t shake off losses.
-
NewsFinsbury Food Group offsets UK losses with overseas growth
The company today said it was confident of delivering profits in line with market expectations
-
NewsPoundland and Mondelez in legal wrangle over Toblerone-style bar
The Twin Peaks snack has been delayed after Poundland received a legal letter from Toblerone maker Mondelez
-
NewsStock Spirits acquires £16m stake in Quintessential Brands Irish whiskey division
London-listed Stock Spirits Group has struck a deal to acquire a 25% stake in the Irish whiskey division of Quintessential Brands Group for up to up to €18.3m (£16m) in cash.
-
NewsUnilever acquisition of Reckitt Benckiser food brands would be a strategic misstep - analysts
A £2bn-plus Unilever approach for the food business of Reckitt Benckiser, made up of French’s Mustard and Frank’s Red Hot Sauce, would be ‘surprising’, ‘disappointing’ and strategically inconsistent, according to City analysts.
-
NewsConsumer price index to be used to calculate business rates
The government had originally committed to making the move last year, but the Bill failed due to the general election
-
NewsUK shoppers brought on to high street by warmer weather
Overall footfall in June was 0.8% up on a year ago
-
NewsBrexit plan urgent to prevent supply problems, warns report
Lack of government vision for future of food and agriculture means even a soft Brexit could have huge implications
-
NewsKP Snacks acquires Butterkist to break into popcorn market
Butterkist’s manufacturing site in West Yorkshire and its 140 employees will become part of the KP Snacks business following the acquisition.
-
NewsBerry Bros & Rudd sales rise to six-year high
Sales were up 17% year on year, boosted by strong en primeur sales