Finance news – Page 562
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NewsMedia Bites 10 July: Bargain Booze, petrol prices, PepsiCo
Bargain Booze confirms its in the race for wine supplier Matthew Clark, fallout from the living wage announcement, Sainsbury’s and Tesco prices at the pump, PepsiCo beats market expectations and Procter & Gamble has agreed to sell 43 beauty brands to Coty.
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NewsWalgreens Boots beats profit forecasts for third quarter
Global pharmacy and health giant Walgreens Boots Alliance has beaten profit expectations in the third quarter as sales across its divisions grew following the official formation of the larger group.
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NewsProcter & Gamble UK boss Irwin Lee to become Morrisons non-executive director
Morrisons has appointed Procter & Gamble UK boss Irwin Lee as a non-executive director to help turn around the company’s fortunes.
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NewsAssociated British Foods stock climbs as revenues grow
Shares have increased almost 5% at Associated British Foods after the group said revenues were ahead of last year.
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NewsCity Snapshot: Conviviality Retail shares suspended on takeover talk
Conviviality Retail (CVR) has suspended trading in its shares “due to media speculation” it is seeking to acquire UK drinks supplier Matthew Clark
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NewsMedia bites: Budget, living wage, sunday trading
Under-pressure supermarkets and high-street retailers face paying out billions of pounds in extra wages and tax over the next five years after George Osborne’s budget.
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NewsConviviality Retail confirms reverse takeover talks with Matthew Clark
Conviviality Retail has suspended trading in its shares “due to media speculation” it is seeking to acquire UK drinks supplier Matthew Clark.
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NewsBooker shares slide after “subdued” first quarter trading
Shares in Booker fell 3.3% to 160.8p today after the wholesaler revealed a group-wide like-for-like growth of 0.4%
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NewsFever-Tree shares surge on strong first half sales
Premium drinks mixer supplier Fever-Tree’s shares have climbed almost 10% in morning trading after announcing a 61% rise in first half sales.
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NewsCity Snapshot: Nomad Foods seeks more cash for big deals
Nomad Foods has issued a rallying call to institutional investors in a bid to raise more cash for further big deals. Plus shares soar is Fever-Tree as it ups full-year expectations, SABMiller appoints new CFO, Booker reports Q1 figures ahead of AGM and the BRC’s latest shop prices index.
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NewsMedia Bites 8 July: M&S, Sunday trading, Tesco
Investor angst at M&S following reversal in Q1 clothing sales, fallout from George Osborne Sunday trading law plans and KKR rejoin the shortlist of five bidders for Tesco’s South Korean business.
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NewsM&S invests in every day prices in first quarter
Marks & Spencer dipped its toes in the UK supermarket price war during its first quarter in a bid to stay competitive in a challenging sector, according to CEO Mark Bolland.
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NewsTesco hands new UK CEO Matt Davies £3.6m of share options
Tesco has announced it has given new UK and Ireland CEO Matt Davies £3.6m of nil-cost share options to vest over the next three years
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NewsShop closures slow as economy turns the corner - Deloitte
Retail administrations have slowed dramatically in the first half of 2015 as the economy stabilises, according to research from Deloitte.
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NewsMarks & Spencer fails to sustain fourth quarter sales momentum
Marks & Spencer’s first quarter trading has met the City’s modest expectations, but its overall like-for-like sales growth fell back to zero after a 0.7% rise in the fourth quarter.
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NewsMcBride sees constant currency sales growth despite UK cost-cutting
Household products manufacturer McBride has achieved a small rise in annual constant currency sales despite falling revenues in the UK.
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NewsCity Snapshot: M&S food sales rise as clothing division falls behind again
Sales of food at Marks & Spencer climbed in the first quarter but its general merchandise division registered a like-for-like decline in a tough first quarter. Plus McBride updates the market ahead of full-year results and Crawshaw Group searches for a full-time CFO.
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NewsMedia Bites 7 July: Sunday trading, Weight Watchers, Sainsbury's
The papers are full of stories about the Chancellor’s plan to give local authorities the power to control Sunday trading laws
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NewsUrban centres worth £568bn to UK economy, report claims
The report also found towns and cities were home to nearly one in three jobs throughout the UK, and were home to one in four of all companies
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NewsMedia Bites 6 July: M&S, Sainsbury's, Premier Foods
Marks & Spencer’s Q1 results tomorrow get plenty of coverage, while M&S and Sainsbury’s face difficult questions at their respective AGMs.