Finance news – Page 519
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NewsFourpure brewery invests £2m in production expansion plan
The move will allow the London business to install a four-vessel Craft-Star brewing system
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NewsThe Co-op links up with MRH for first-ever franchise deal
Seven new convenience stores will open over the course of the year with Co-op brand and own-label products
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NewsMedia Bites 17 May: Premier Foods, Dalton Philips, Tesco, Lavazza, inflation
Premier Foods is in focus in this morning’s papers after publishing annual results yesterday. Plus, former Morrisons boss Dalton Philips takes control of Byron Burger as its new chief executive leaves after just five months.
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NewsCity snapshot: Cider maker C&C slumps to a loss in 'challenging' year
Magners and Bulmers owner C&C Group has slumped to a loss as revenues declined by more than £100m and it was hit with exceptional charges totalling more than €150m
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NewsSpar UK retail sales grow 8.5% to £2.84bn
Growth was fuelled by increase in retailer numbers, fresh marketing and focus on food service
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NewsMoy Park revenues up 6.6% in first quarter
Northern Irish poultry supplier Moy Park has reported a 6.6% jump in first quarter revenues, according the newly published accounts from its parent company Brazilian meat giant JBS,
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NewsStefano Agostini is new CEO of Nestlé UK & Ireland as Fiona Kendrick steps down
Kendrick will continue in her role as chairman to provide strategic support to the Swiss confectionery giant
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NewsWhitworths snapped up by Turkish wholesaler Anatolia
The merger between Anatolia and Whitworths, which creates one of Europe’s largest dried fruit, nut and seeds businesses, is the final step in a trading relationship dating back 38 years.
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NewsCity snapshot: Premier Foods lowers growth target and ups cost savings drive
Premier Foods (PFD) is shifting its strategy away from focussing on revenue growth to a more ’balanced approach’ after full year underlying sales slipped 1.4%
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NewsMedia Bites 16 May: FeverTree, Booths, Food waste
Posh tonic maker Fever-Tree hits £2bn after meteoric three year rise – but are shares about to peak, asks The Daily Mail?
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NewsBooths CEO Chris Dee steps down
Executive chairman Edwin Booth is set to become chairman and CEO
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NewsAllplants secures £800k investment as meat-free trend booms
Investors in the vegan ready meal startup include a venture capital firm and one of the founders of Propercorn, along with other food entrepreneurs
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NewsCamden Town Brewery to open £30m brewery in North London
The 50,000+ sq ft site is poised to begin operating in July, and will produce 400,000hl of beer every year
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News2 Sisters completes £10m Rogerstone Park site upgrade
The supplier has added a dedicated Far East ‘pod’ to its ready meals facility
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NewsMedia Bites 15 May: Asda, Tesco, Booker, Premier Foods, M&S
Asda is ”shunning” the City this week as it prepares to admit being the worst supermarket performer for the second year in a row. Plus, Tesco hits the headlines again; and Booker and Premier Foods prepare to publish full–year results.
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NewsCity snapshot: Late Easter fuels fastest quarter of footfall growth for five years
A late Easter and the weakened pound help boost footfall growth at the fastest pace for five years. Plus, a short trading update from Fever-Tree
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NewsMeat-free sales soar £17m on rise of flexitarianism
Concerns about health and the environment are the main drivers of the trend
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NewsTesco's Dave Lewis takes 10% pay cut
£600k fall in bonus comes despite leading supermarket’s first sales growth in seven years
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NewsEagle Eye secures three-year John Lewis contract
Shares in the grocery tech firm jumped almost 10% this morning on back on the John Lewis contact win.
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NewsSuppliers 'shrugging off Brexit challenges'
Food and drink manufacturers are entering the second half of the year in bullish mood, according to a new report by BDO