Finance news – Page 585
-
NewsBordeaux Fine Wines owner banned for 15 years
The owner of Bordeaux Fine Wines has been banned from running a company until 2030 after using investors’ money to fund a lavish lifestyle of buying sports cars, race horses and hiring private jets.
-
NewsBritish American Tobacco explores delisting Brazilian subsidiary Souza Cruz
British American Tobacco has confirmed it is “evaluating” putting together a deal to buy the quarter of Brazilian subsidiary Souza Cruz it does not currently own.
-
NewsSupermarket price war weighs heavily on UK retail sales
Continually heavy discounting by supermarkets has weighed on British retail activity as sales in February fell back compared to a year ago, according to a CBI survey.
-
NewsMorrisons chairman Andrew Higginson to advise Poundland owner on retail investments
Morrisons chairman Andrew Higginson has added a new role to his list of responsibilities after joining the private equity owner of Poundland as a senior advisor.
-
NewsABF expects first half earnings dip as sugar weakness hits profits
Associated British Foods has announced it is trading in line with expectations in a pre-close statement, as the strong growth in Primark continues to be offset by weakness in its sugar business.
-
NewsMedia Bites 23 February: Morrisons, Sainsbury's, Tesco
The big grocery sector news over the weekend was the emergence of former Tesco executive David Potts as the frontrunner to take up the daunting challenge of leading Morrisons’ turnaround.
-
NewsCity snapshot: ABF reassures market over first half trading
Associated British Foods (ABF) has said that underlying trading remains in line with expectations as strong Primark sales have been negated by weakness in its sugar division. Plus, packaging firm DS Smith announces acquisition and all the other latest news from the City.
-
NewsBaronie targets UK market after Ashbury rescue deal
Baronie Group is ramping up its presence in the UK after rescuing a British supplier from insolvency…
-
NewsDanone expects troubling year ahead as European turmoil continues
Dairy producer Danone has forecast slower-than-expected organic sales growth for the year ahead as political and economic turbulence in Europe shows no signs of abating.
-
NewsSABMiller saga takes another twist as 3G Capital linked too
One of the few UK-listed companies issuing numbers this week was European Coke bottler Coca-Cola HBC…
-
NewsMedia Bites 20 February: Asda, Majestic Wine, Co-op
Asda’s fourth quarter numbers are given a heavy amount of column inches
-
NewsCity snapshot: Waitrose records weekly sales fall
Waitrose’s reveals weekly sales fall, plus Asda’s fourth quarter sales decline and all the latest from the City.
-
NewsNestlé predicts 2015 revenue improvement despite headwinds
Nestlé has insisted it will hit its long-term target of 5% organic growth despite falling short of that figure last year amid an slowdown in emerging markets and the strengthening Swiss franc.
-
News
Asda sales shrink as it looks to open 17 new stores
Asda has revealed a 2.6% fall in like-for-like sales over the last three months of the 2014.
-
NewsBestway profits surge on back of impressive growth
The cash & carry giant, which acquired The Co-operative Pharmacy in October, said profits rose 44.7% to £267.1m
-
NewsSABMiller CFO Jamie Wilson steps down
Global brewer SABMiller has announced that CFO Jamie Wilson handed in his resignation for “personal reasons”.
-
NewsSurprise departure for Majestic Wine CEO Steve Lewis
The hunt is on for a new CEO at Majestic Wine following the immediate departure of current boss Steve Lewis this morning.
-
NewsCity Snapshot: Nestlé grows profits despite sales slowdown
Nestlé increases dividend as profits rise but sales slip; Majestic Wine is looking for a new CEO; and a formal £5.4bn offer is made for can maker Rexam.
-
NewsMedia Bites 19 February: Tesco, new Horsegate, Nestlé, Rexam
The papers take a look at the reaction to the appointment of new Tesco chairman John Allan and ask if traces of nuts found in spices could be bigger than Horsegate.
-
NewsCarslberg beer volumes fall 3% on Eastern Europe weakness
Carlsberg’s UK business grew about 1% last year on the back of a growing off-trade business, the Danish brewer has reported.