Finance news – Page 517
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NewsMedia Bites 26 May: Pepsi/Britvic, B&M, Tate & Lyle
PepsiCo has decided to sell up to all of its long-held 4.5% stake in its UK bottler Britvic.
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NewsPalmer & Harvey management shakeup sees several senior directors leave
A number of senior directors including executive deputy chairman Chris Etherington have left the wholesaler, The Grocer understands
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NewsMcColl's Jonathan Miller 'open to supply deal with Booker'
McColl’s CEO Jonathan Miller said he would be open to a supply deal with Booker
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NewsRobert Porter-Smith joins backers of smoothie kit newbie Pack'd
Frozen smoothie kit startup Pack’d has secured £350,000 from three investors
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NewsCity snapshot: Organic growth and new stores drive bumper year for B&M
B&M European Value Retail has recorded a double-digit rise in sales and profits driven by increased organic growth and its rapid store roll-out programme
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NewsMedia Bites 25 May: M&S, Fever-Tree, Britvic
Investors largely welcomed the signs of progress at Marks & Spencer under new boss Steve Rowe yesterday, but this morning’s headlines do not make pleasant reading for the high street stalwart.
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NewsFever-Tree co-founder to sell £43.5m of shares
Fever-Tree (FEVR) co-founder and former executive chairman Charles Rolls is seeking to sell 2.5 million shares to institutional investors.
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NewsBritvic’s shares rise despite profits drop
Robinsons owner Britvic has posted a double-digit rise in first half sales, but restructuring costs hit pre-tax profits.
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NewsM&S quashes Ocado tie-up for online grocery rumour
CEO Steve Rowe said the autumn trial would be a “low-cost” store picking service conducted in-house without a partner
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NewsDawn Meats and Dunbia form meat giant in UK with joint venture deal
Irish meat processors Dawn Meats and Dunbia have agreed a strategic partnership to establish a majority-owned joint venture comprising of the UK operations of both organisations.
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NewsM&S results: analyst reaction
Annual profits at Marks & Spencer have fallen by 64% to £176.4m, here’s how leading City and retail analysts reacted
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NewsMedia Bites 23 May: Sainsbury's, Greencore, Cranswick, Danone
Sainsbury’s is facing criticism from African farmers and the Fairtrade Foundation for stripping the ethical sourcing marque from its own-brand tea bags. Plus, strong results from Greencore and Cranswick.
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NewsCity snapshot: M&S profits plunge 64% as restructuring costs hit business
Annual profits at Marks & Spencer have fallen by 64% to £176.4m as a costly overhaul of the business hurt the bottom line, clothing sales declined further and like-for-like food sales went into reverse. Plus, half-year results from Britvic and a trading update from Hilton Food Group.
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NewsExpress delivery service Quiqup raises £20m to fund growth
The startup has begun operating a delivery service for Whole Foods Market, Burger King and Tesco in London
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NewsSSP Group shares hit all-time high as BlackRock ups its stake
US asset management giant BlackRock has almost doubled its stake in SSP Group to close to 9%, sending shares in the travel food-to-go specialist to record highs.
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NewsCranswick export push and poultry expansion drives record sales
Growing pork exports to the Far East and soaring poultry sales have fuelled a record year at meat supplier Cranswick.
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NewsSupermarkets provide emergency help in wake of Manchester attack
Asda and Tesco providing food and water at Etihad Stadium and outside hospitals
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NewsJonathan Miller plays down reports of McColl's One Stop bid
Earlier this month, The Grocer revealed McColl’s plans to trial a new supply deal with the Co-op
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NewsMiranda Curtis leaves M&S to focus on Foreign Office role
Curtis was also chairman at Waterstones until 2016…
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NewsCity snapshot: Greencore revenues soar 46% on 'transformational' Peacocks deal
Revenues and profits soar at sandwich maker Greencore and pork and poultry supplier Cranswick thanks to acquisitions, new business wins and export growth