Finance news – Page 538
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NewsIncreased growth brand volumes boost Imperial Tobacco’s profits
A 7% rise in global growth brand volumes helped Imperial Tobacco full year adjusted operating profits grow by 2.4% to more than £3bn.
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NewsKerry shares slip despite rising volumes
Kerry Group has increased volumes in the third quarter as its ingredients business made strong gains in Asia and the consumer foods division shrugged off challenging conditions.
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NewsShopper confidence at its highest on record in Nielsen survey
Number of UK consumers positive about making purchases rose five points to 49%
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News
Sugar woes and currencies hit profits at ABF
Associated British Foods (ABF) has recorded a 6% fall in adjusted full year operating profit as a collapse in profitability of its sugar division hit overall earnings.
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NewsMedia Bites 3 November: IRI, M&S, Molson Coors, Heck Food
More than half of all goods sold in the UK are on some kind of promotion; M&S gets set for another disappointing financial update; Molson Coors is in advanced talks to buy SAB’s stake in American JV; and WHO cancer scare helps Heck sell more sausages.
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NewsCity snapshot: ABF sales and profits slip but sugar woes better than feared
Revenues and profits slipped at Associated British Foods as the retail and grocery group struggled with food commodity deflation and significant swings in currency markets.
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NewsTate & Lyle completes Eastern Europe ingredients restructure
Archer Daniels Midland Company, which owns half the joint venture with Tate, has bought bulk ingredients plants in Bulgaria, Turkey and Hungary
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NewsNomad completes £500m takeover of Findus
Nomad Foods has completed the £500m takeover of the European arm of Findus after the deal cleared the relevant anti-trust hurdles.
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NewsUnilever accredited as living wage employer
The move will mean a pay rise for about 500 of the company’s UK staff
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NewsAsda and Tesco slip as high street entertainment sales surge
Asda and Tesco lost share of the entertainment market in the past quarter as high street retailers enjoyed a resurgence
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NewsMedia Bites 2 Nov: M&S, Morrisons, BRC
Marks & Spencer is due to report another slump in clothing sales, heaping renewed pressure on chief executive Marc Bolland.
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NewsCity snapshot: 151 Products rescues Swirl from administration
151 Products has bought consumer goods firm Swirl Products, trading as Fmcg, out of administration, plus a look at the week ahead in the City with updates from M&S, Morrisons and ABF.
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News151 Products agrees rescue deal for fmcg
Consumer products group 151 Products has acquired the business and assets of Swirl Products, which trades as fmcg, out of administration.
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NewsDrury Tea and Coffee brews up expansion plans
Tea and coffee producer Drury Tea and Coffee has invested in new coffee equipment after securing a £500,000 bank loan.
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NewsJack Fulton and Fultons Foods suffer 50% fall in profits
Frozen Value, which trades as Jack Fulton and Fultons Foods, saw pre-tax profits plunge in 2014
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NewsCity snapshot: Consumer confidence plunges to five-month low in October
UK consumer confidence fell for the second month running in October as shoppers continued to worry
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NewsMedia Bites 30 October: CBI, GfK, M&S, Sports Direct
As half-term week draws to a close, a dearth of news in the retail sector leads to a very quiet day in the papers, with stories on the latest CBI and GfK surveys.
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NewsS&A Foods administrators 'hopeful' of finding factory buyer
Administrators at S&A Foods are hopeful of striking a deal to sell the ready meals supplier’s Derby factory…
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NewsGeneral Mills set to close Jus-Rol pastry plant in Berwick
General Mills has announced plans to close its Jus-Rol pastry plant in Northumberland with the potential loss of 265 jobs
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NewsOrnua merges two UK businesses to form new dairy division
Irish dairy co-op Ornua is to merge two of its UK-based businesses, Meadow Cheese and The Cheese Warehouse