Finance news – Page 555
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NewsOwn label booming for Bakkavor
Profits are up from £2.9m to £6.2m on revenue up 3% from £842.1m to £846.4m
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NewsNomad buys Findus for £500m to create pan-European frozen giant
Nomad Foods has made further strides toward its ambition of creating a global food group with the £500m acquisition of the European arm of Findus.
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NewsMedia bites 13 August: Reckitt Benckiser, Nomad, Kraft Heinz
UK competition authorities have conditionally green-lighted Reckitt Benckiser’s planned union of Durex condoms with K-Y lubricant.
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NewsCity snapshot: Nomad buys Findus’ European operations
Birds Eye owner Nomad Foods has agreed to buy the continental European business of Findus for £500m, plus half year updates from Nestlé and Coca-Cola HBC and all the rest of the news from the City.
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NewsReckitt Benckiser told to license K-Y Jelly to rival by deals watchdog
Durex owner Reckitt Benckiser is being forced to license the K-Y Jelly brand in the UK to a rival to ease competition concerns.
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NewsCity Snapshot: Henkel posts double-digit growth in Q2
Persil owner Henkel has reported a “solid” performance in the second quarter with revenues up 13.5% to €4.7bn, driven by strong organic sales growth in emerging markets of 5.1%.
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NewsMedia Bites 12 August: Tesco, M&S, Nestlé
Potential bidders for Tesco’s data unit are considering “drastically” scaled back offers of £700m; M&S loses another clothing exec; Indian authorities are seeking $100m in damages from Nestlé.
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NewsMusgrave Group cuts losses by €100m as it awaits decision on GB sale
Musgrave Group is still awaiting a decision from the UK Competition and Markets Authority
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NewsCity snapshot: Food sales fall in July as shoppers spend extra cash in the home
Food sales fell for the first time this year in July as consumers decided to spend their new-found disposable income elsewhere
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NewsMedina and Freshways vie for piece of Müller/Dairy Crest deal
Dairy processors Medina and Freshways have emerged as the front-runners to take up a ‘toll processing’ agreement with Müller as part of its proposed purchase of Dairy Crest’s liquid milk business.
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NewsMilk now 6ppl cheaper than bottled water as protests continue
The gap in price between supermarket milk and bottled water has grown to its widest point in more than a year
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NewsPhysical media sales decline slows considerably
Tesco, Amazon, Game and Argos all saw an increase in sales between them bringing an additional £8.5m to the market
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NewsMilk protests: Sympathy works two ways
Instead of lashing out at supermarkets, dairy farmers need careful, balanced analysis of their situation
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NewsCity snapshot: Forecourt price war intensifies
The supermarket petrol price war looks set to step up another level today with Morrisons announcing a major price cut
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NewsMedia bites 10 August: Supermarket profits, Tesco, Morrisons
The turmoil of the supermarkets has caused UK plc profits plunge, according to The Telegraph.
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NewsLily's Kitchen secures cash boost from US firm Catterton
Fast-growing petfood business Lily’s Kitchen has been boosted by a cash injection from US private-equity firm Catterton…
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NewsTags Tasty Crisps' grip on mults speeds up after Dragons' Den
Tags says it has seen sales in Asda more than triple this week since the airing of a successful pitch on Dragons’ Den
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NewsProfits sour further as Real Good Food looks to put sugar woes in the past
Real Good Food has reported widening losses in a year dominated by the market issues in sugar. The group said the “transformational” disposal of Napier Brown had now created a “strong” financial platform for future growth.
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NewsCity snapshot: Losses double at Real Good Food
Full-year losses more than doubled at Real Good Food (RGD) as revenues collapsed in its now sold sugar division Napier Brown, plus Waitrose’s weekly sales rise and all the latest from the City.
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NewsMedia Bites 7 August: Coca-Cola European Partners, Mondelez, retail sales
There is plenty of coverage of the bottling mega-deal to create Coca-Cola European Partners.