Finance news – Page 559
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NewsHaywood & Padgett sees rise in profits as it looks to expand
Specialist baker Haywood & Padgett is looking to expand its product range and international reach…
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NewsCity Snapshot: Diageo faces scrutiny for artificially boosting sales
Shares in drinks giant Diageo have opened 1.6% down to 1,876p on the London Stock Exchange
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NewsMedia Bites 24 July: Diageo, Amazon, McDonalds, Starbucks
Diageo is reportedly under investigation in the US by the SEC for artificially boosting sales figures
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NewsSABMiller fizzy performance in emerging markets dented by sluggish Europe
Sales at global drinks group SABMiller have risen 3% in its first quarter despite challenging markets in Europe, China and Australia.
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NewsNichols buys Feel Good Drinks
The acquisition, for an undisclosed price, comes two-and-a-half years after Nichols owner MBG took a majority share
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NewsUnilever beats expectations with innovation 'step-up'
Turnover climbed 12% to €27bn (£19bn) and underlying sales achieved 2.9% growth in the second quarter
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NewsSweet treats drive a quarter of progress at Premier Foods
The timing of Easter hit first quarter revenues at Premier Foods, but a 1.6% sales fall beat analysts expectations and have been welcomed as a further sign of progress in the firm’s turnaround.
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NewsBritvic buys Brazilian drinks firm Ebba for £121m
Britvic has this morning announced it has agreed a deal to buy independent Brazilian soft drinks company Ebba in a deal worth £120.8m.
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NewsCity snapshot: First quarter sales slip 1.6% at Premier Foods
First quarter sales have fallen 1.6% at Premier Foods, while first half turnover up 12% at Unilever
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NewsMedia Bites 23 July: Groceries Code Adjudicator, Coca-Cola
The Groceries Code Adjudicator faces “embarrassment” after some of its own invoices may not have been paid on time, writes The Times
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NewsFirst quarter transactions up 6% at PayPoint
PayPoint, the payment services company that has found itself under fire from retailers because of a reduction in commission caps, has announced first-quarter results in line with expectations.
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NewsTate & Lyle raises $400m to finance future growth
UK-listed Tate & Lyle has raised US$400m (£256m) in a private corporate bond placement to refinance existing debt and underpin future growth.
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NewsCoke hikes prices to combat strong dollar
Coca-Cola has increased profits thanks to rising prices in the US and Latin America
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NewsM&A adviser McQueen bought by Houlihan Lokey
UK-based consumer sector M&A specialist McQueen has been bought by US investment bank Houlihan Lokey.
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NewsCity Snapshot: Real Good Food loses FD in London move
Real Good Food finance director Mike McDonough is leaving the group as a result of operational changes following the £34m sale of sugar business Napier Brown back in April. Plus Marston’s continues to make profitable progress in line with expectations.
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NewsMedia Bites 22 July: Nestlé, Co-op, sugar, PZ Cussons
Nestlé open a $50m R&D centre to reinvigorate frozen and chilled ranges and sugar prices crash further
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NewsRexam £4.3bn takeover to undergo in-depth European scrutiny
The £4.3bn takeover of Rexam by US rival Ball Corporation is to be examined by the European Commission
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NewsSSP Group flies into currency headwinds
Like-for-like sales at food travel company SSP Group have been boosted by strong passenger growth at airports across the UK during the third quarter
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NewsEuro Garages raises £100m for new acquisitions
The funding, comprising senior debt facilities, will be used to fund the company’s purchase of 104 Esso sites in the South East
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NewsMedia Bites: Living wage, Ikea, Seabrook Crisps
It’s not the busiest morning for coverage of the grocery sector, but the “living wage” row is continuing to generate column inches