Finance news – Page 548
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NewsPrice rises, shrinkflation and margin pressure - the year ahead
As Brexit-driven inflation begins to bites, PwC partner Stephen Oldfield examines the fallout for supermarkets and suppliers - and the opportunities and threats ahead in 2017.
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NewsMedia Bites 22 December: Sainsbury's, Brexit, Coca-Cola, Hershey
Sainsbury’s CEO Mike Coupe is in the spotlight with a lengthy interview in which he says he is taking on Aldi and M&S, and the Argos takeover will boost group profits. Coupe adds that the discounters are now on the back foot.
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NewsConsumer confidence limps higher in December
Consumer confidence have finished a rollercoaster year by rising slightly in December as shoppers look to grab goods before the inflationary storm hits next year.
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NewsDeflation hits UK sales at Princes but profits rise
Annual sales fell at UK food and drink firm Princes as the widespread supermarket price deflation hit revenues, but lower input costs helped profits to grow.
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NewsCoca-Cola pays $3.3bn for AB InBev’s stake in Coca-Cola Beverage Africa
The Coca-Cola Company has announced it has struck a deal to acquire the 54.5% stake in Coca-Cola Beverages African from AB InBev.
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NewsOppo raises £200k in third crowdfunding campaign
Sugar-free ice cream brand Oppo has raised more than £200,000 in a third crowdfunding round to continue its rapid growth.
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News2016 has been a 'vintage' year for food and drink M&A - Rothschild
Many will be pleased to see the back of 2016, but for those who operate in the world of M&A, it hasn’t been so bad, argues Rothschild head of consumer Akeel Sachak.
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NewsWyke Farms back in the black with £2.8m profit
The Somerset-based dairy company bounced back from pre-tax losses of more than £1.1m last year
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NewsCity snapshot: Bright Food reported to be readying Weetabix exit
China’s Bright Food has reportedly hired investment bank Goldman Sachs to sell UK-based breakfast cereal firm Weetabix. Plus, all the rest of today’s news from the City
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NewsMedia Bites 21 Dec: Pensions, Weetabix, CBI
Employers should be threatened with huge fines to prevent a repeat of the BHS debacle in which Sir Philip Green walked away from pension promises to 20,000 former workers, MPs say.
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NewsNew Zealand lamb importer warns of Brexit impact
One of the UK’s biggest importers of New Zealand lamb has warned it faces lower profit margins amid a tightening of supply after this year’s vote to leave the EU.
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NewsLion Capital swoops for Loungers in £137m deal
The former owner of Weetabix and Kettle Foods has snapped up bar chain Loungers from private equity firm Piper in a deal valuing the business at £137m.
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NewsSix migrant workers negotiate gangmaster compensation
“Substantial” compensation awarded after labour exploitation on a farm producing chickens
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NewsButcher’s Pet Care sales fall for first time since 2005
Sales at pet food maker Butcher’s Pet Care have declined for the first time in ten years but profits continue to soar.
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NewsWeetabix to continue talks over new year strike threat
The proposed action over shift changes would affect sites in Corby and Kettering
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NewsCity snapshot: McColl’s deal to buy 298 Co-op stores receives final CMA approval
McColl’s has received final and unconditional approval for its deal to buy 298 Co-op convenience stores struck in July 2016. Plus Dale Farm moves back to profit, Lion Capital buys up stake in UK cafe chain and all the rest of today’s news from the City.
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NewsMedia Bites 20 Dec: Weetabix, Danone, Amazon
Workers at cereal company Weetabix are to go on strike in the new year after voting for action in a row over shift patterns.
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NewsDale Farm back in profit despite sales fall
Belfast-based dairy firm Dale Farm moved back into annual pre-tax profit last year despite a 5.1% fall in annual sales.
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NewsHalf the cost of Christmas booze shop is tax, claims WSTA
Tax accounts for 51% of an average UK family’s festive alcohol shop, compared to 32% in France, the industry body said
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NewsUK firms to shrug off Brexit with 2017 recruitment drive
More than two out of five UK companies expect to hire more people next year despite concerns over the long-term impact of Brexit, according to the CBI/Pertemps. Plus all the rest of the news from the City in the run-up to Christmas.