Finance news – Page 542
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NewsCity snapshot: Nestlé sales disappoint in the third quarter
Nestlé has reported disappointing third quarter figures as the withdrawal of its Maggi noodles in India and a slower-than-expected recovery in China took their toll.
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NewsMedia Bites 16 October: Diageo, pricing, WH Smith, McDonalds
A busy morning covering results from Unilever, WH Smith and Casino, along with rumours Diageo will sell its beer business and the government looking at ways for supermarkets to simplify pricing.
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NewsBooker pledges support for Budgens and Londis retailers
Booker has underlined its commitment to supporting retailers that operate under its newly acquired Budgens and Londis brands in its interim results statement, announced today.
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NewsUnilever beats third quarter sales expectations
Unilever has delivered a strong set of third-quarter figures, notching up a 5.7% increase in underlying sales growth with volume up 4.1% and prices up 1.5%.
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NewsTesco to sell 14 development sites as it curtails expansion
The retailer has agreed the sale of the Spenhill development sites across London, the South East and Bath
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NewsDiageo/Treasury deal is 'good news' for retail
Retailers are tipped to benefit from the acquisition of the bulk of Diageo’s wine business
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NewsMedia Bites 15 Oct: Walmart, M&S, Sainsbury's
Walmart shares dived 10% yesterday in the US after the world’s biggest retailer issued a profits warning.
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NewsCity snapshot: Tesco agrees £250m property sites sale
Tesco has agreed the sale of fourteen Spenhill development sites for £250m
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NewsMark Fairweather promoted to role as CEO of Whitworths
Fairweather takes over from Peter Utting
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NewsArla Foods UK hits £76.9m loss but sees rising Lurpak and Anchor sales
Arla Foods UK business slumped from a £2.6m profit in 2013 to a £76.9m loss in 2014, as it faced up to a “major structural changes”
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NewsWhittard of Chelsea suffers earnings plunge
Tea and coffee specialist Whittard of Chelsea suffered a plunge in profitability last year as it spent heavily on re-positioning the brand.
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NewsDiageo sells Blossom Hill and Piat d'Or to Treasury Wine Estates
Diageo has agreed sale of its UK and US wine businesses – including Blossom Hill and Piat d’Or – to Australia’s Treasury Wine Estates for $552m.
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NewsCity snapshot: Diageo sells wine portfolio to Treasury Wine Estates
Diageo has agreed sale of its major wine interests to Australia’s Treasury Wine Estates for $552m
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NewsMedia Bites 14 Oct: Megabrew, Asda, Business rates
The papers are lining up with their takes on the creation of ‘Megabrew’ after AB InBev agreed terms on a deal to buy rival SABMiller.
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NewsCoca-Cola Life hits £26.5m in UK sales in its first year
The line was launched in September 2014 as a lower-sugar alternative to regular Coke
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NewsFood sales drop 1.4%, according to BRC/KPMG Retail Sales Monitor
The late August Bank Holiday and strong sales of furniture and clothes boosted the retail sector in September - but food sales are falling significantly as price wars and deflation continue to bite.
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NewsSABMiller and AB InBev agree £68bn takeover
SABMiller and AB InBev have agreed terms for the fmcg sector’s largest ever takeover after AB InBev raised its offer for the London-listed SAB to £44 per share.
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NewsMedia Bites 13 Oct: SABMiller/AB InBev, Tesco, Retail sales
All the papers feature AB InBev’s improved £43.50 per share offer for SABMiller.
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NewsCity Snapshot: SABMiller and AB InBev agree £44 per share deal
SABMiller has announced this morning it has agreed a £44 per share cash deal with AB InBev worth around £70bn.
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NewsClearwater Seafoods lands Macduff Shellfish in £100m deal
Scottish seafood processor Macduff Shellfish Group has been sold to Canada’s Clearwater Seafoods in a £98.4m deal.