Finance news – Page 563
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NewsCity snapshot: PureCircle bullish over sales but warns on margins
PureCircle, the world’s largest producer of Stevia, has predicted a 26% rise in full year revenues, but warned over tightening margins.
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NewsEdrington hit by Brugal rum sales struggle
The spirits group behind Macallan and Famous Grouse has been hit by a £239m writedown for its Brugal rum brand
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NewsM&A activity set to halve number of major EU grocers
The European grocery sector is set for dramatic consolidation over the next decade…
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NewsOcado's interims prompt 7.5% hike in shares
Investors rallied behind Ocado following the online grocer’s interims on Tuesday, driving the shares up 7.5% to 468p
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NewsGreene King revenues buoyed by 'fantastic' off-trade growth
Greene King boss Rooney Anand has credited booming sales of bottled ale with helping the company hit £1bn in retail sales…
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NewsCity Snapshot: Premier Foods to boost Mr Kipling production with £20m investment
Premier Foods will unveil a new £20m production line at its Mr Kipling bakery in Barnsley later today to double capacity of its Snack Pack cake slices. Plus Waitrose sees promise in new ‘Pick Your Own’ scheme following latest weekly numbers and spirits group Distil has good start to new financial year.
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NewsMedia Bites 3 July: Lidl, price war, Pep & Co
Lidl and sister chain Kaufland have received almost $900m (£576m) in public development funding over the past decade, the cost of a basket of groceries grow for first time in six months and Andy Bond reveals Pep & Co ambitions.
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NewsCalais travel chaos causing major losses for transporters
The Freight Transport Association (FTA) said just one day’s delay hit freight operators with extra running costs of £5.5m
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NewsCity snapshot: “Mixed” first quarter trading at C&C Group
Magners owner C&C Group has reported “mixed trading conditions” in the first quarter in a update ahead of its AGM today.
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NewsMedia bites 2 July: Diageo, John Lewis, Greene King
The papers cover Diageo’s decision to sell its Gleneagles hotel to concentrate on core businesses this morning.
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NewsMySupermarket expands into French market
Move into France is part of a wider strategy to provide brands and retailers with a better global overview of grocery trends
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NewsCity snapshot: Greene King buoyed by Old Speckled Hen growth
Greene King (GNK) has seen annual retail revenues exceed £1bn for the first time as group revenue increased 5% to £1.3bn in the year to 3 May
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NewsMedia Bites 1 July: Ocado, Morrisons, Asda
Efforts by Ocado to shed its upmarket image appear to have helped it attract a wider range of shoppers
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NewsFamous Grouse owner grows through Eastern single malt success
The company was up 1.8% on the back of 10.5% growth for single malt The Macallan – the market leader in Russia, China, Japan, South Korea and Hong Kong
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Analysts upbeat on latest Ocado figures
Ocado’s results are proof it can continue to build its UK retail operation despite an “extremely difficult” trading environment, analysts at Numis said today
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NewsSnax 24 and Rontec merge to form major roadside retailer
The merger follows a 12-month acquisition spree by Rontec worth £100m
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NewsCity Snapshot: Ocado grows sales and profits as more customers shift to online
Revenue and earnings registered double-digit rises at online grocer Ocado in its first half, up 18.2% to £507.7m and 11.4% to £38.2m respectively
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NewsMedia Bites 30 June: Tesco, Edrington, Tate & Lyle
A survey finds the cost of everyday items at Tesco is rising at its lowest rate for decades, sales and profits fall at Scotch whisky producer Edrington and Tate & Lyle hands new FD £700k in shares.
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NewsCity Snapshot: C-store owners invest heavily to improve shops
C-store owners have invested £162m in the past three months as they prepare to fend off big supermarkets in the war to win over shoppers. Plus a morning of disruption on world’s markets as Greece looks set to default.
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Media Bites 29 June: Ocado, Tesco, c-stores
The business pages are dominated by the desperate battle raging in Greece to save the country’s banks ahead of a potential debt default, but news is a little quieter for the world of grocery.