Finance news – Page 545
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NewsQuorn to stick with US as growth priority
Quorn will remain focused on rapid expansion in the US
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NewsMorrisons staff welcome increased minimum pay
Morrisons staff have broadly welcomed the 20% increase in its minimum hourly pay rate to £8.20
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NewsCity Snapshot: Waitrose weekly sales back on the rise
Waitrose’s weekly sales (excluding petrol) were back up 2.1% in the week to 26 September after slipping for the previous two weeks, plus all the rest of this morning’s news from the City.
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NewsMedia Bites 2 Oct: Mondelez, SABMiller, Cranswick
Mondelez is exploring a sale of its European cheese and grocery business, which could be valued at around $3bn, according Reuters, as it sharpens its focus on snack foods and refreshments.
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NewsKapak Foods rescue deal saves 150 jobs
Food packing specialist Kapak Foods has been rescued from administration with the backing of a private equity firm, saving 150 jobs.
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NewsAdjudicator Tacon shocked by supplier ignorance of GSCOP
Christine Tacon has admitted in a new video for suppliers that she is “shocked” by their lack of knowledge of the Code
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NewsBirds Eye reveals plan to rejuvenate flagging frozen foods
Birds Eye has set out plans to unlock an additional £676m of revenue in frozen food over the next three years
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NewsSamworth Brothers acquires sports nutrition brand SCI-MX
Samworth Brothers has acquired SCI-MX Nutrition, owner of sports nutrition brand SCI-MX
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NewsCity snapshot: Cranswick's first half revenues top expectations
Pork supplier Cranswick’s first half revenues rise 10% up year-on-year, Britvic confirms Brazilian acquisition, bumper share price rises for the UK supermarkets and all the rest of this morning’s news from the City.
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NewsMedia Bites 1 Oct: Sainsbury's, Tesco, Altria
It’s no surprise that the papers have gone big on Sainsbury’s upgraded profits guidance and subsequent near-14% share price spike.
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NewsQuorn snapped up in £550m deal
Quorn is the latest food brand to fall into foreign hands with a £550m sale to a branded consumer goods company based in the Philippines.
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NewsDairy Crest deal closer after Müller modifies undertakings
The regulator says it is happy with modified undertakings from Müller, paving the way for clearance
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NewsSainsbury's results: what the analysts say
Industry commentary after Sainsbury’s positive results this morning
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NewsSainsbury’s shares soar on profit upgrade
Sainsbury’s shares have risen by more than 13% in early trading this morning after upgrading its full-year profit forecast.
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NewsMoy Park confirms completion of sale to JBS
Norther Irish poultry specialist Moy Park has confirmed it has completed its $1.5bn (£988m) sale to Brazlian meat giant JBS.
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NewsCity snapshot: Sainsbury’s ups profits forecasts
Sainsbury’s has this morning raised its expectations for pre-tax profits for the year as volumes and transactions grew in the second quarter. The trading statement gave the beleaguered sector a shot in the arm with share prices for all the listed grocers soaring this morning.
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NewsMedia Bites 30 September: Morrisons, Amazon, GfK, CBI
After a quiet day for the grocery sector, the media’s focus is elsewhere but Morrisons’ plans to follow Lidl and Sainsbury’s suit to lift worker pay above living wage gets a look in.
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NewsTate & Lyle fined £18m over 2010 EU sugar sale
Tate & Lyle has been fined £18m by London’s Commercial Court over its 2010 sale of its EU sugars business to American Sugar Refining.
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NewsItsu benefits from UK low-fat food revolution
Itsu has “aggressive” plans for expansion after increasing revenues more than 20% to £67.9m thanks to consumer demand for healthy food on the go.
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NewsCarlsberg Northampton workers vote in favour of industrial action
Industrial action could impact Carlsberg deliveries