Finance news – Page 578
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NewsMedia Bites 7 April: Kellogg's, display ban, EU milk quotas, Cadbury
Kellogg’s has complaints that a campaign to tackle tax avoidance will hurt profits, dairy farmers get ready for the end of EU milk quotas, and Cadbury hit with Indian tax claim.
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NewsYoung’s Seafood boss insists it's business as usual despite sale rumours
In an exclusive interview with The Grocer, Young’s Seafood boss Pete Ward has insisted it’s business as usual at despite sale rumours and tough market conditions for frozen foods.
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NewsTate and Lyle reassures the market ahead of full year results
Sucralose producer Tate & Lyle has seen its stock rise 2.3% so far today to 622p on the back of a pre-close trading update for the fourth quarter.
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News
Diageo takes control of South Africa’s United National Breweries
FTSE 100 drinks firm Diageo has agreed a deal to acquire the remaining 50% of its South African joint venture United National Breweries.
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NewsM&S shares soar as food sales grow and clothing turns a corner
Shares in Marks & Spencer have shot up to a new seven-year high as the group revealed it performed ahead of the grocery market in the fourth quarter and reversed 14 straight quarters of declining fashion sales.
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NewsReal Good Food profit warning sours share price as group mulls Napier Brown sale
Shares in Whitworths owner Real Good Food have fallen off a cliff this morning after the listed group issued a profit warning
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NewsSteep fall in Scotch exports
The SWA said the decline – following flat value sales in 2013 – had in some areas been a result of political volatility and changes in stock levels
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NewsMedia Bites 1 April: Business rates, executive pay, B&Q
Businesses in the North and Midlands stand to lose a “staggering” £2.3bn because of the Government’s two-year deferment of the business rates revaluation.
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NewsCity snapshot: Real Good Food explores Napier Brown sale
UK-listed Real Good Food is mulling the sale of its sugar business Napier Brown, PZ Cussons has bought out Glanbia’s 50% stake in Nigerian milk powder JV Nutricima and all the rest of the news from The City this morning.
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NewsDomaine Chanzy postpones IPO as it misses crowdfunding target
Burgundy wine producer Domaine Chanzy has pulled its plans to launch the first ever crowdfunded float on the London Stock Exchange after failing to hit its fundraising target.
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NewsMarston’s acquires Wainwright and Lancaster Bomber beer brands
Brewer Marston’s has signed a deal with Daniel Thwaites to acquire its beer division, including Wainwright and Lancaster Bomber ales.
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NewsReckitt Benckiser CEO Rakesh Kapoor’s pay up 64% to £11.2m
The total pay packet of Reckitt Benckiser CEO Rakesh Kapoor rose by almost two-thirds last year to £11.2m less than a year after investors chastised RB’s pay policies at its 2014 AGM.
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NewsCity Snapshot: Heineken streamlines executive team in growth bid
Dutch brewer Heineken has announced significant changes to operating structure and its executive team in a bid to reenergise flagging sales. Plus the latest consumer confidence index from GfK and share price movements from the City.
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NewsMedia Bites 31 March: Tesco, M&A, B&Q, Heineken
The Grocer’s exclusive interview with Tesco boss Dave Lewis makes this morning’s papers, alongside news of B&Q store closures, changes to Heineken’s executive team and a strong start for M&A activity.
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NewsTreatt stock jumps on positive first half update
Shares in listed ingredients group Treatt jumped 3% today to 144.7p as it reported “solid” revenue growth in its first-half compared with a year ago, with profits also up.
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NewsFlavourly smashes £300k crowdfund barrier
Flavourly has smashed its £300,000 fundraising target 18 days ahead of the investment deadline on crowdfunding platform Crowdcube.
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NewsCity Snapshot: M&S to slow decline in general merchandise
Results will ease the pressure on CEO Marc Bolland but will still represent the 15th straight quarter of decline for the division
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NewsMedia Bites 30 March: M&S, Kraft Heinz, BHS
M&S expected to post its 15th straight quarter fall in clothing sales; Kraft Heinz Co to lead the pack in auction of Mondelez cheese business, and former Apprentice Contestant wins Tesco deal.
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NewsKraft Heinz Co targets Philadelphia brand and European growth
The soft cheese spread, which is one of eight $1bn-plus brands in Kraft Heinz, is currently owned worldwide by Mondelez
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NewsDanish co-operative slaughterhouses to merge
Tican and Danish Crown to unite after overwhelming majority say yes in vote