Finance news – Page 508
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Brexit could lead to a fall in farmgate prices, warns NFU research
Modelling of possible scenarios warns of “significant impact” for agri-food sector
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Media Bites 6 April: Sainsbury's, Kantar, Reckitt, BrewDog
The news of hundreds of potential job cuts at Sainsbury’s gets plenty of coverage this morning
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Fresh food deflation drives fall in food prices
Food prices fell 0.4% in March according to the BRC-Nielsen shop price index
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Profits edge down at BrewDog after year of big investments
Self-styled “punk” brewer BrewDog has reported a 51% rise in revenues in 2015, but profits edged down after overheads almost doubled.
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Boots increases high street sales over Christmas
Boots has increased UK high street sales in the second quarter thanks to a strong performance for its Christmas ranges and No7 brand.
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Sainsbury's sales up 1.2% yoy as early Easter boosts sector
Grocery prices were 1.5% lower than this time a year ago
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Early Easter boosts supermarket sales in latest Kantar figures
Kantar said the early Easter gave the market a sales boost of £152m
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Media Bites 5 April: M&S, Reckitt Benckiser, Ocado
The new chief executive of Marks & Spencer Steve Rowe will retain personal control of the troubled clothing division
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Reckitt Benckiser boss Rakesh Kapoor bags £23m pay package
Kapoor’s overall pay award rose from £12.8m in 2014 to £23.2m in 2015
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Pets Corner becomes UK’s second largest pet chain with £6m PamPurredPets deal
Pets Corner has grown its store estate by 51 outlets to become the UK’s second largest pet chain after buying competitor PamPurredPets for £6m.
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Chapel Down raises £1.7m for Curious Drinks business
895 investors took a 9.7% stake for £1.2m, with individual investments ranging from £100 to £35,000
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Doisy & Dam smash crowdfunding target
Premium organic chocolate brand Doisy & Dam has raised £300,000 in 28 hours after turning to the crowd to fund its expansion plans.
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Ocado moves closer to US deal
The Times reports Ocado has hired Mace to “advise it on how it should it make its American debut”
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Media Bites 4 April: M&S, Ocado, Premier Foods
New Marks & Spencer boss Steve Rowe “faces a baptism of fire” on Thursday as it is set to announce a slump in clothing sales.
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McCormick and Nissin step up pursuit of UK's Premier Foods
Premier Foods is locked in a tug of war between international food giants McCormick and Nissin
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Hilton Food Group shares rocket on successful year
Shares in Hilton Food Group leapt 4% to 516p on Thursday morning after the meat supplier comfortably beat City profit expectations
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Argos board gives full support to Sainsbury's takeover
The deal will create the UK’s biggest non-food retailer with revenues of £6bn
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Hilton Food boss backs Tesco farm range as profits soar
Hilton Food Group profits jump 11% thanks to ongoing Tesco recovery with the boss of the red meat supplier backing the supermarket’s new farm-based range.
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Dunbia and 2 Sisters red meat business to merge in £1.3bn JV
Dunbia and 2 Sisters in exclusive talks over £1.3bn joint venture spin-off
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Former Morrisons retail director Martyn Fletcher joins 2 Sisters
Fletcher takes the role of chief operating officer of protein at 2 Sisters Food Group