Finance news – Page 561
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NewsCity snapshot: Annual sales up by 45.8% at Finsbury Food Group
Bakery and cake supplier Finsbury Food Group (FIF) has grown revenues by 45.8% in the year to 27 June, plus second quarter trading figures from Casino and Carrefour and all the rest of the latest news from the City.
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NewsMedia bites 16 July: CMA, Lidl, JD Wetherspoon
Supermarkets are misleading shoppers by running confusing promotions, Britain’s competition regulator has found.
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NewsBakkavor completes Italian pizza exit
Bakkavor has sold its remaining 60% stake in Italpizza to Dreamfood, an investment company controlled by Italpizza’s MD Cristian Pederzini.
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NewsBig four building less than a third of planned stores
Figures show that just 32 per cent of projects submitted for planning permission by big four have been built
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NewsLidl sales climb £700m to record £4bn as new HQ plans unveiled
Lidl has hiked its UK sales by £700m to a record £4bn for the 2014 financial year as more shoppers desert the mainstream grocers for the discounters
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NewsCity Snapshot: Carr's food volumes hold up
Volumes in Carr’s Group food division, which supplies flour to the likes of Warburtons, are ahead of a year ago
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NewsSquare Pie targets £2m from launch of ‘pie bond’
Gourmet pie business Square Pie, which has listings in Tesco and Ocado is aiming to raise up to £2m from a crowdfunding campaign to add new products to its supermarket range.
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NewsAcquisitions drive Lindt’s first half sales up 17.4%
Swiss chocolate maker Lindt saw revenues grow by 17.4% in the first half of the year, largely thanks to its acquisition of US confectionery firm Russell Stover.
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NewsMüller and Dairy Crest deal decision could come next month
Dairy Crest confirm a further update on the deal’s progress is due on 21 August
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NewsCity Snapshot: Dairy Crest reports strong cheese quarter
Dairy Crest says its expectations are unchanged on the back of strong cheese growth, while Ferrero reaches 72% of Thorntons ownership
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NewsMedia Bites 14 July: Living wage, Tesco, GCA, Bargain Booze
George Osborne’s new national living wage is likely to lead to higher prices at the supermarket checkout, according to Moody’s. Plus Tesco brings in new click & collect charges, the GCA asks questions of Morrisons and profits and sales rise at Conviviality retail.
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NewsBargain Booze owner lays foundations for growth
Conviviality Retail boss Diana Hunter has said the group is in a “strong position” to grow in the coming years after the Bargain Booze owner increased revenues 2.4% to £364.1m.
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NewsMedia Bites 13 July: Unilever, Conviviality, Fever Tree
Unilever is reported to have started a search for its next chairman, with Michael Treschow expected to step down.
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NewsCity snapshot: Full-year profits up 4.4% at Conviviality Retail
Conviviality Retail (CVR) has posted a 4.4% rise in pre-tax profits to £9.7m, plus the FTSE is boosted by the new agreement this morning between eurozone leaders and Greece.
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NewsConviviality Retail confirms bid for Matthew Clark
Conviviality Retail has emerged as a front runner in the £200m sale of specialist wine wholesaler Matthew Clark…
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NewsBooker shares down following 'subdued' numbers
Booker has been a standout City performer over the past year, but its shares fell this week
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NewsArla biggest riser in tough year for Global OC&C 50
Danish dairy firm Arla Foods is the biggest riser in The Grocer’s annual ranking of the world’s largest fmcg suppliers…
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NewsGreencore to roll out new IT systems
Greencore is to automate its accounts-payable processes to manage 360,000 invoices a year…
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NewsCoty and P&G shares dip following mega-merger agreement
Shares in beauty giants Coty and Procter & Gamble slipped 4.7% to $30 and 0.4% to $80.66 respectively as investors weighed up the benefits of the $12.5bn deal for P&G’s beauty business.
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NewsCity Snapshot: Waitrose sales soar as sun shines
Sales at Waitrose soared 6% to £132.2m in the 22nd week of its current financial year thanks to “summer sunshine, British sporting heroics and US Independence Day parties”. Plus stevia producer PureCircle appoints two former Pepsi and Coke execs to the board.