Finance news – Page 519
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NewsImperial Brands volumes dragged down by Middle East troubles
However, price increases helped to offset volume declines and push up revenues 10% in the first quarter to £1.6bn.
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NewsDairy Crest brands “performing well” following Müller sale
Plus trading updates from Imperial Brands and Tate & Lyle and structural changes at Pernod Ricard
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NewsMedia Bites 11 Feb: Asahi Group, Harris + Hoole, Mark Price
Asahi Group’s £2.3bn bid for Grolsch and Peroni is an “expensive route to growth”, according to the Financial Times
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NewsAsahi strikes £2bn deal for Peroni, Grolsch and Meantime
Japanese brewer Asahi has agreed a deal with AB InBev to acquire Peroni, Grolsch and Meantime for €2.55bn.
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NewsCarlsberg slumps to £270m loss as premium boosts Heineken profits
Heineken and Carlsberg have reported mixed fortunes for 2015, with the Dutch brewer increasing profits and its Danish counterpart slumping to a massive loss.
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NewsReal Good Food bulks up Haydens Bakery with Chantilly Patisserie deal
Real Good Food has acquired a hand-made frozen desserts maker for £1.75m to expand its Haydens Bakery subsidiary into the growing foodservice sector.
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NewsOcado’s falling share price hits executive pay packets
The pay of Ocado’s executive team fell by a collective 20% last year as the sums earned through share awards fell despite the online supermarket recording record profits.
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NewsMedia Bites 10 Feb: Coca-Cola Company, Kantar Worldpanel
A quiet morning for retail in the papers with Coke’s fourth quarter earnings statement
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NewsCity snapshot: Heineken focus on premium boosts sales and profits
Heineken increases organic revenues 3.5% to €20.5bn, plus Ocado annual reports shows rising pay for directors
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NewsCoca-Cola reports earnings progress despite global revenue fall
Coca-Cola has reported a 4% drop in reported net revenues for 2015 after a fourth quarter slowdown.
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NewsSpeyside Distillers to finance growth with £2.3m funding package
Speyside Distillers Company is targeting expansion in the UK and overseas after securing a £2.3m bank funding package.
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NewsCo-operative Group is fastest-growing non-discounter
Latest market data from Kantar Worldpanel also shows Aldi and Lidl increased sales but combined market share dips
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NewsCity snapshot: Food sales edge up in January finds Kantar Worldpanel
The latest market share figures from Kantar and Nielsen
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NewsMedia Bites: Sunday trading, UK retail sales, John Lewis
Ministers will give councils the right to tear up the remaining restrictions on Sunday trading from this autumn, according to the FT.
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NewsAssociated British Foods targets full ownership of Illovo Sugar
Associated British Foods confirmed today it has held discussions over the minority stake in Illovo Sugar
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NewsTim Steiner: supermarkets 'running out of price war ammo'
Ocado boss Tim Steiner has accused his supermarket rivals of ‘running out of ammo’
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NewsCCO Barry Williams leaves Asda after eight years
Andy Murray, currently Walmart’s senior vice president of creative and customer experience, will take over the role on 15 February
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NewsSir Philip Hampton appointed business equality tsar
Women on Boards campaign to shift focus to the FTSE 350
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NewsCity snapshot: Casino sells Thai food retailer for €3.1bn
Casino has agreed to sell its stake in a Thai food retailer for €3.1bn in a deal which will help the French supermarket group halve its net debt.
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NewsMedia Bites 8 Feb: Argos, Sainsbury’s, Vita Coco
The merger of Sainsbury’s and Argos is still eating up column inches in the weekend papers, with reports that retail tycoon Christo Wiese and former Asda CEO Andy Bond weighed up a bid and ex-M&S boss Lord Rose predicting the deal would trigger a wave of consolidation on the high street.