Finance news – Page 568
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NewsPoundshop.com bids to treble range with crowdsourcing cash
The online discount site, set up in early 2014 by Poundland founder Steve Smith, is selling 8% equity on Crowdcube, valuing the business at £2.2m
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NewsMorrisons just stays in FTSE 100 following share price surge
A mid-week share price surge was triggered by signs its trading performance is finally improving
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NewsDescheemaeker outlines plans as Nomad Foods eyes Findus Group
In his first week in the job, Nomad Foods boss Stéfan Descheemaeker has entered talks to snap up Findus Group…
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NewsCity Snapshot: Waitrose sales rise during half-term week
Waitrose has increased its weekly sales 1.1% to £121.1m despite tough comparatives and continued food price deflation. Plus Morrisons shares down more than 2% so far, making it the FTSE 100’s biggest faller.
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NewsMedia Bites 5 June: Morrisons, M&S, Sainsbury's
This morning’s papers are dominated by news of bonuses paid to the bosses at Britain’s biggest retailers, as Morrisons suffers shareholders revolt and M&S and Sainsbury’s reveal details of top pay packages.
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NewsCity snapshop: Morrisons survives FTSE 100 chop
Morrisons has avoided an embarrassing ejection from the FTSE 100 after two days of strong share price rises was enough to keep it in the prestigious…
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NewsMedia bites: Nomad/Findus, Morrisons, John Lewis
If Nomad’s deal with Findus goes ahead it would “spawn a seafood leviathan with a fish finger in every ocean pie”
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NewsRegulatory green light for Pork Farms acquisition of Kerry Foods’ pastry business
The Competition & Markets Authority has announced this afternoon it has cleared the acquisition by Pork Farms Caspian of the chilled savoury pastry business of Kerry Foods.
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NewsNomad in early stage talks with Findus Group
Nomad Foods has confirmed it is in talks to net Findus Group as it continues its efforts to create a food and drinks giant.
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NewsCity snapshot: WH Smith shares up on strong travel sales
Sales at WH Smith were 1% up on a like-for-like basis in the 13 weeks to 30 May as its travel business continues to show strong growth.
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NewsMedia bites 3 June: Morrisons, Tesco, Pernod Ricard
There’s plenty of coverage of Kantar Worldpanel’s latest supermarket market share figures, with Morrisons somewhat surprise sales rise being the focus of attention.
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NewsCargill completes Zamanita acquisition from Zambeef
Cargill has completed the acquisition of Zamanita, the soybean crushing and oil refining subsidiary of UK-listed Zambeef.
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NewsWilson’s rescue deal hands Kendal Mint Cake maker sweet reprieve
A 102-year-old chocolate maker and one of the original manufacturers of Kendal Mint Cake has been acquired out of administration, saving all 121 jobs.
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NewsMorrisons registers first sales growth since Christmas 2013
Morrisons was the only one of the big four retailers to see an increase in sales for the 12 weeks to 24 May 2015, according to the latest…
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NewsTobacco companies set to appeal after losing £8.2bn Quebec class action
The Canadian subsidiaries of three major tobacco giants have vowed to appeal a judgment in two class action lawsuits at the Quebec Superior Court yesterday.
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NewsCity Snapshot: LondonMetric purchases £26m convenience portfolio for five new M&S Food Halls
Property investment group LondonMetric buys five M&S Simply Food stores for £26m, BAT will appeal a fine imposed by the Canadian courts and Morrisons faces demotion from the FTSE 100.
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NewsMedia Bites 2 June: Morrisons, British American Tobacco, Kraft
Morrisons miserable week looks set to continue as it faces demotion from the FTSE 100; BAT will appeal the massive fine slapped on its Canadian subsidiary and the two companies which made up Kraft Foods have given the first detailed rebuttal of government charges that they manipulated the price of the grain.
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NewsBritish American Tobacco in €550m Central European acquisition
British American Tobacco busy year of acquisitions has continued with the purchase of Central European cigarette manufacturer TDR.
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NewsNomad Foods looks forward as Iglo deal completes
Nomad co-founder Noam Gottesman has said the completion of the €2.6bn acquisition of Birds Eye owner Iglo marks the start of ambitious investment group’s growth story.
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NewsHummus Bros plans supermarket launch following fundraising
The Mediterranean restaurant chain, which has been trading since 2005, already has four high street locations in London