Finance news – Page 557
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NewsCity snapshot: Heineken innovation and premium brands helps sales fizz
Revenues climb 7.2% to €10.93bn at Heineken in its first half thanks to volume, growth, innovation and the premium sector.
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Tyrrells makes first international acquisition with Australia's Yarra Valley Snack Foods
Premium crisp supplier Tyrrells has made its first international acquisition after buying Australian snacks firm Yarra Valley Snack Foods to underpin a growth push in the Asia Pacific region.
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NewsDiageo shares falter following news of SEC inquiry
Diageo endured another tough ride this week, but there was more positive news for Tate & Lyle
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NewsLiving wage increases to hit big four bottom line, warns Moody’s
George Osbourne’s hike of the minimum wage will hit food retailers the hardest with the Big Four UK grocers’ profits coming under particular pressure, according to a new report by Moody’s.
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NewsGreggs eyes growth potential of opening for longer on Sundays
A relaxation of Sunday trading laws could give a further boost to fast-growing Greggs, CEO Roger Whiteside has claimed…
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NewsMoody's leasehold change to benefit European supermarkets
A host of European supermarkets could unlock cash on their balance sheets after receiving a boost from ratings agency Moody’s
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NewsCity snapshot: Consumer confidence falls in July
Consumer confidence slipped back in July on concerns over the UK economy, according to GfK’s latest UK Consumer Confidence Index, Waitrose sales edge up despite the cold weather and all the latest news from the City.
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NewsMedia Bites 31 July: Brakes, Coca-Cola Enterprises, M&S
Brakes Group, the UK’s biggest food distributor, has begun preparing for a stock market listing in London that could see it valued at up to £2.5bn, according to Sky News.
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NewsSecond quarter revenues up 3.2% at Delhaize
Belgian supermarket group Delhaize has reported solid revenue and profit growth in the second quarter.
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NewsBritvic appoints SABMiller South African finance chief as CFO
Britvic has appointed the finance chief of SABMiller’s South African division as CFO to succeed the outgoing John Gibney.
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NewsDiageo profits rise despite sales falling flat again
Profits have poured in at Diageo in its financial year to the end of June – up 8% before tax to £2.9bn. However, organic net sales were flat, while volumes declined by 1% as it struggles in emerging markets continued for a third year.
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NewsM&S to close nine of its stores as part of estate review
M&S is closing the stores because they are considered not to be fit for the future and in the wrong locations to serve its customers.
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NewsMedia Bites 30 July: Supply chains, Sainsbury's, Greggs
The major supermarkets will all have to set out how they are preventing slavery and human trafficking taking place in their supply chains, under rules announced by the UK government.
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NewsCity Snapshot: United Spirits acquisition pushes Diageo’s annual revenues up 5%
Diageo’s reported net revenues were up 5% in the year to 30 June largely thanks to the full consolidation of United Spirits last year, plus a new CFO for Britvic, recovery for the FTSE and all the latest news from the City.
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NewsTate & Lyle reassures market with “solid” start
Investors flocked to Tate & Lyle to send its shares up 6.7% after the ingredients group reassured the market with a steady first quarter trading update.
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NewsIndian regulations to curb profit growth of European brewers
High barriers to entry into the lucrative Indian alcoholic beverage market are a boon to drinks giants Heineken, SABMiller, Diageo and Pernod Ricard, according to a new report from Moody’s.
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PPS packages up acquisition of Alison Handling Services with BGF backing
Returnable transit packaging company PPS has acquired a rival business with £4.9m backing from the Business Growth Fund.
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NewsGreggs shares punch past £12 on more strong growth
A seventh quarter of unbroken growth at Greggs saw shares in the high street chain leap by more than 60p to break past £12 each as sales in the first half touched close to £400m.
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NewsSainsbury's sells pharmacy business for £125m
Sainsbury’s has agreed to sell its pharmacy business to Celesio AG, the owner of Lloyds Pharmacy for £125m.
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NewsCity snapshot: Greggs rises as consumer appetite for breakfast deals grow
Demand for its breakfast deals and new range of lower calorie sandwiches have helped high street chain Greggs post another strong set of results.