Finance news – Page 539
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NewsCity snapshot: Delhaize sees "robust" third quarter sales
Belgian retail group Delhaize has posted third quarter constant currency revenue growth of 2.3%
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NewsMedia Bites 29 Oct: AB InBev, Heineken, Walgreens Boots Alliance
Anheuser-Busch InBev has sought to reassure investors that its £68bn takeover of smaller rival SABMiller is on track.
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NewsWalgreens Boots snaps up US rival as sales and profits rise
Walgreens Boots Alliance has agreed a $17.2bn (£11.2bn) takeover of US rival Rite Aid. It comes as the global pharmacy and health giant filed big jumps in sales and profits for the past year thanks to last year’s mega-merger.
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NewsScathing external review puts spotlight on First Milk ahead of AGM
The troubled co-op is due to hold its agm on Thursday (29 October)
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NewsEmerging markets drive organic growth at Mondelez
Cadbury owner Mondelez International reported a 3.7% boost to third quarter organic net revenues thanks to strong organic growth in emerging markets.
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NewsBritish American Tobacco on track for “good year”
British American Tobacco said it is overcoming currency headwinds to be on track to deliver a “good year of earnings” in its third quarter update this morning.
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NewsCity snapshot: Disappointing first half for Magners maker C&C
Poor summer weather across Ireland has hit Magners maker C&C Group with revenues and profits falling in its first half.
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NewsMedia Bites 28 October: Tesco, AB InBev, Walgreens Boots, Morrisons
Tesco has struck a deal with Sir Philip Green’s Arcadia to bring some of its brands into supermarkets, with Dorothy Perkins, Burtons and Evans set to go on sale in five of the grocer’s biggest stores.
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NewsPizza Express hits £100m of retail sales
Pizza Express has surpassed £100m of brand retail sales for the first time as overall full-year group revenues rose 9.5%.
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NewsS&A Foods appoints administrators after losing Asda business
Own-label ethnic ready meals business S&A Foods has appointed administrators following Asda’s decision to switch
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NewsM&A at Finsbury sweetens management pay packets
Executives at Finsbury have enjoyed bonuses worth more than £1m after delivering strong profits growth and completing “transformational” deals at the cakes and baked goods supplier.
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NewsTesco chairman John Allan invests £286k in shares and bonds
Tesco chairman John Allan has bought £100k of shares in Tesco and invested £186k in Tesco’s corporate bonds.
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News2 Sisters invests £150m to drive poultry turnaround
2 Sisters has announced a £150m in its poultry business to “revolutionise” its supply chain as it seeks to return to growth after a year of restructuring
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NewsCity snapshot: 2 Sisters to invest £150m in poultry business as full-year sales fall
2 Sisters Food Group is planning a major £150m multi-year investment in its poultry business as it looks to get back into growth
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NewsMedia Bites 27 October: Majestic Wine, WHO report, Nestlé, Walmart
A quiet day in the papers as expected as half-term gets fully underway, however, Majestic Wine’s decision to scrap its six-bottle minimum garners plenty of space, as does news that the WHO has linked sausages, bacon and ham to cancer.
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NewsFeel Free set for retail push after £200k crowdfunding campaign
Gluten-free food brand Feel Free has hit its £200,000 crowdfunding target at the 11th hour after offering a bigger stake in the business to get the campaign over the line.
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NewsAldi to become highest-paying UK supermarket
Aldi looks to trump rivals with new £8.40 per hour minimum wage
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NewsMajestic Wines drops six-bottle minimum across business
Majestic is to drop the six-bottle minimum purchase rule across its business from tomorrow (27 October)
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NewsCity Snapshot: Aldi ups pay to £8.40 an hour
Aldi has pledged to raise pay for its employees across the UK, Majestic Wine drops six bottles minimum purchase policy and all the rest of the latest news from the City.
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NewsMedia Bites 26 Oct: Tesco, AB InBev, Sainsbury's
Tesco should soon be able to draw a line under its disastrous venture into the United States.