Finance news – Page 541
-
NewsTDR backs Euro Garages in £1.3bn deal
Forecourt retailer Euro Garages has secured the backing of investment firm TDR Capital in a deal which values the business at £1.3bn.
-
NewsVita Coco expands rapidly in UK
Sales and profits at coconut water brand Vita Coco have rocketed in the UK as consumers increasingly look to healthier alternatives to sugary drinks.
-
NewsConditions remain tough for big four as discounters speed up growth again
Trading conditions for the big four supermarkets are showing no signs of improving as Aldi and Lidl ramp up growth again, according to the latest market share data.
-
NewsAsda targets the discounters with Christmas price war plan
Source at the retailer says Asda will “park our tanks” on the discounters’ lawns
-
NewsMark Price to quit as Waitrose MD
Mark Price is to step down from his role as MD of Waitrose with retail director Rob Collins taking over next year, the retailer has confirmed.
-
NewsMedia Bites 20 Oct: Asda, Tesco, Weight Watchers
Asda’ strategic rethink to cut back on click & collect and expansion in London is the focus of the papers this morning.
-
NewsCity snapshot: Double digit sales growth at Costa Coffee
Costa Coffee owner Whitbread has reported an 11.3% boost to revenues partly thanks to strong growth across the coffee chain.
-
NewsDeals and discounters fuel UK growth at R&R Ice Cream
Ice-cream maker R&R Ice Cream has reaped the benefits of consolidation and the growth of the discounters as sales and profits in the UK soared by 25% and 90% respectively.
-
NewsMüller gets CMA green light for Dairy Crest milk acquisition
Dairy Crest’s £80m sale of its liquid milk division to Müller has been approved by the Competition and Markets Authority.
-
NewsProfits fall at Walkers despite sales boost
Walkers Snack Foods saw operating profits drop by 13.5% in the year to 27 December 2014 despite a healthy rise in revenues.
-
NewsDanone baby food growth drives sales ahead of expectations
French food group Danone has beaten forecasts with like-for-like sales rising 4.6% in the third quarter thanks to double-digit growth in its baby formula division.
-
News‘Green shoots’ appear for grocery sector – Begbies Traynor
The beleaguered UK grocery sector is showing the first “green shoots” of recovery as levels of failing businesses in the supply chain eased for the first time in more than two years.
-
NewsAsda unveils new strategy with Project Renewal
Key elements of the new strategy include slowing down planned expansion in London and “re-phasing” plans to develop more click & collect sites
-
NewsMetro Group sees 1.5% full year like-for-like growth
German retailer Metro Group recorded a 1.5% rise in like-for-like sales in the year to 30 September.
-
NewsCity snapshot: First signs of recovery for UK grocery industry
Stability is finally returning to the struggling UK grocery sector with the number of failing businesses within the UK food supply chain falling for first time in 27 months, according to Begbies Traynor.
-
NewsMedia Bites 19 October: GCA, Tesco, Diageo, Megabrew
A rare quiet weekend in the papers for the retail industry but there are stories on the Groceries Code Adjudicator, Tesco’s Brand Guarantee scheme and more wine sell offs at Diageo.
-
NewsNestlé scales back forecasts as Maggi food scare hurts sales
Food giant Nestlé has downgraded its full-year growth target as the Maggi noodles food scare in India continued to act as a drag on sales.
-
NewsKP losses up in first year with Intersnack
Losses have escalated at KP Snacks in its first full year under the ownership of Germany’s Intersnack
-
NewsInnocent UK slumps but EU revenues soar
Operating profits have slumped by more than 20% at Innocent as the smoothie maker battles tough conditions in the UK chilled juice sector.
-
NewsKellogg's UK profits slump as Brits turn away from cereals
Kellogg’s suffered a profit slump in the UK last year as it battled falling demand for cereals.