Finance news – Page 511
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NewsSteinhoff pulls out of Home Retail bidding battle
South African retail group Steinhoff has decaled it has “no intention” of making a formal offer for Home Retail, leaving the coast clear for Sainsbury’s to take over the Argos owner.
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NewsMoy Park posts 1.4% full year sales growth on stronger volumes
Northern Irish Poultry producer has posted a 1.4% full year revenues increase in 2015 after 6.7% volume growth and strong trading in the UK.
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NewsCity News: Soft drinks producers up in arms
Osborne’s levy on high-sugar soft drinks caused an immediate sell-off of UK-listed beverage firms
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NewsFinsbury says living wage will hit lower-skilled workers
Increased capex spend at the listed bakery will go towards more value-added jobs
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NewsCity snapshot: ABF takeover talks with South Africa’s Illovo Sugar ongoing
Illovo said today talked remained ongoing but are still in the preliminary stage
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NewsMedia Bites 18 March: Sainsbury's/Argos, Sugar tax
Sainsbury’s is set to raise bid as the Argos takeover deadline approaches today.
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NewsAuthentic Food Company sales up following Heinz Dundalk deal
Sales at Authentic Food Company jumped 20% to close in on £50m following acquisition of frozen factory from Heinz…
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News2 Sisters warns over Brexit uncertainties
UK food giant 2 Sisters has warned of the “uncertainty” leaving the EU would place on the food sector.
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NewsBidvest Foodservice strengthens with Caterfood acquisition
Caterfood will remain under its current management and retain all staff
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NewsCity snapshot: Moy Park sees fourth quarter revenues rise 1.6%
Moy Park’s fourth quarter revenues rise 1.6% on improved UK volumes, but exports are hit
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NewsMedia Bites: Budget special - sugar tax and business rates
George Osborne’s sugar tax has been attacked by soft-drink makers and is “certain to cost jobs”.
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NewsSoft drinks producers hammered by sugar tax
George Osborne’s announcement of a tax on sugary drinks has sent shares tumbling in the soft drinks sector.
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NewsDelhaize and Ahold merger gains final European clearance
Delhaize and Ahold have been given the green light by competition watch dogs in Belgium for the proposed merger of the two European food retailers.
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NewsGeorge Osborne’s budget - the key takeaways for food and drink
Osborne announced a “fundamental” shake-up of business rates
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NewsFinsbury Food sales and profits soar as acquisitions bed in
Sales and profits are booming at Finsbury Food thanks to acquisitions as well as underlying organic growth as the listed bakery diversifies into food service.
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NewsMedia Bites 16 March: Sainsbury's, Argos, Ocado
The papers are firmly focus on today’s Budget but Sainsbury’s results and the expected improved offer for Argos still gets plenty of coverage
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NewsSales increase as 2 Sisters strategy starts to pay off
Like-for-like sales at 2 Sisters Food Group have increased 0.4% to £800.1m in the second quarter
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NewsKraft Heinz UK and Ireland MD Jan Kruise exits
Kruise worked at Heinz for 13 years before stepping into the managing director role
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NewsPoll shows 71% of food & drink suppliers want to remain in EU
The single market, access to raw materials and free movement of labour were the key factors cited