Finance news – Page 586
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NewsCoke bottler Coca-Cola HBC share price falls as profits lack fizz
Coke’s European bottler is one of the day’s biggest fallers on the FTSE 100 after posting a sharp fall in fourth quarter profits as a result of currency headwinds and challenging conditions in Russia and Greece
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NewsCity Snapshot: Tesco appoints John Allan as new chairman
Tesco has ended its search for Sir Richard Broadbent’s successor with the appointment of John Allan. Plus full-year results for Coke bottler Coca-Cola HBC and a new CEO for Carlsberg. And all the latest share price movements.
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NewsMedia Bites 18 February: Tesco, Allan Leighton, Carlsberg, Nestle
The appointment of John Allan as Tesco chairman, pipping former Asda head Archie Norman to the post, dominates this morning’s headlines.
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NewsInflation tumbles to record lows as the big four grocers slug it out over price
The escalation in the supermarket price war and the falling cost of oil has helped inflation hit record lows in January.
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NewsCadbury owner Mondelez acquires allergen-free snack maker Enjoy Life Foods
Mondelez International is looking to tap into the fast-growing ‘free from’ sector to inject some life into declining sales with the acquisition of a private US snacking company.
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NewsMedia Bites 17 February: Tesco, Ferrero, tobacco packaging
The weekend story that ITV chairman Archie Norman is in the frame to become the new Tesco chairman is heavily followed up in this morning’s papers
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NewsCity snapshot: Late entrant Archie Norman now looks favourite for Tesco chairmanship
The process of finding a new Tesco chairman looks far less like the coronation it seemed two weeks ago, with observers now picking late entrant Archie Norman as favourite for the post.
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NewsConsumer products sector dealmaking set to continue the 2014 surge
Strategic portfolio optimisation will continue to be one of the most important deal drivers in the coming year in the consumer products sector, according to Big Four financial services firm EY.
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NewsMedia Bites 16 February: Tesco, SABMiller, CBI
What the papers are saying about the industry this morning
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NewsCity Snapshot: 3G linked with potential $75bn takeover of SABMiller
SABMiller share price climbs as rumours emerge of a potential $75bn bid by 3G Capital. Plus a new candidate to become Tesco chairman enters the race and Ashbury Chocolates jobs saved in administration rescue deal.
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NewsHundreds of jobs saved at Ashbury Chocolates in rescue deal by Duc d’O owner
More than 200 jobs have been saved at a Midlands chocolate maker after the owner of Belgian brand Duc d’O acquired the company out of administration.
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NewsKellogg reports $293m loss in Q4 as US cereals market goes soggy
Kellogg has posted large losses in its final quarter and lowered sales expectations as consumers in the US turned their backs on cereals and snack bars.
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NewsPernod Ricard sees gradual improvement despite "challenging" conditions
Pernod Ricard says it expects profits to grow between 1% and 3% this financial year, after announcing its first half results.
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NewsMedia Bites 13 February: Morrisons, Tesco, Ocado
A former Morrisons chairman attacks Sir Ken Morrison for his treatment of sacked CEO Dalton Philips.
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NewsCity Snapshot: Bumper Ocado share price hands directors a healthy pay day
Ocado board receives a near £20m pay package in the year of its first profit and Waitrose sales fizz in the run up to Valentine’s Day. Plus all the latest moves in the City.
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NewsOcado executive team share in bumper £19.6m pay package
Ocado executives were awarded a bumper £19.6m pay package last year thanks to the online grocer’s share price gains.
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NewsTrevor Strain takes on more responsibilities as departure of Dalton Philips is moved up
Philips to depart on Monday as board continue search for full-time successor, Strain was formerly Morrisons CFO
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NewsCity Snapshot: Bakkavor defies challenging conditions to outperform the market
Food group Bakkavor outperforms the fresh prepared foods market as sales grows and Imperial Tobacco takes a hit as the strength of sterling drags on revenue. Plus the latest share price movement of Poundland, Reckitt Benckiser and the grocers.
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NewsMedia Bites 12 February: BoE, Imperial Tobacco, Heineken, PepsiCo
The strength of sterling places havoc with with international traders and the Bank of England may take a look at raising interest rates earlier than expected.
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NewsPepsiCo launches share buyback programme after solid year
After Coca-Cola’s upbeat full-year earnings release yesterday, PepsiCo beat market earnings expectations today while announcing a major share buyback.