Finance news – Page 589
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NewsIrn-Bru owner AG Barr to shake up cocktail market with £21m takeover of Funkin
AG Barr is entering the cocktail mixer market with the acquisition of Funkin Cocktails in a deal worth up to £21m.
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NewsJohn Lewis cuts final salary pension benefits
The John Lewis Partnership has announced a host of changes to its pension scheme as it looks to claw back an £840m pension deficit.
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NewsInterbev UK raises a glass to Lloyds funding deal
Drinks wholesaler Interbev UK has secured a £9m bank funding package to support its growth.
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NewsCity snapshot: Tesco closes in on new chairman
Tesco looks to be closing in on a new chairman after its two person shortlist for the role was reportedly cut to one over the weekend.
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NewsMedia Bites 2 February: Tesco, GCA, John Lewis
All the papers had John Allan closing in on the Tesco chairman role over the weekend after the withdrawal of Ian Cheshire from the process.
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NewsSeabrook Crisps up for sale as it explores all strategic options
Seabrook Crisps has hired corporate finance advisors McQueen to “explore all strategic options”.
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NewsPoultry packager looks to future strong growth after rescue deal
A fresh poultry supplier to the likes of Asda has been sold out of administration saving the jobs of the 22-strong workforce.
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NewsStrong Christmas for Cranswick but pig price deflation hits revenue
Deflation in pig prices has continued to act as a drag on Cranswick revenues in its third quarter but failed to make a dent in the group’s profits.
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NewsDiageo sees improving sales trends despite first half revenue dip
Diageo CEO Ivan Menezes hailed an improved first half performance despite posting lower than expected sales this morning after a slowdown in Latin America and Asia.
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NewsMolson Coors sells its UK maltings business to Soufflet Group
Brewer Molson Coors UK has agreed to sell its maltings business to French agriculture group Soufflet.
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NewsFirst Milk returns to annual profit after 15% sales boost
First Milk has reported a 15% hike in revenue and a return to profit in its financial results for the year ending 31 March 2014.
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NewsIrn-Bru maker AG Barr outperforms soft drink market with sales up 5%
AG Barr has posted a final quarter trading performance “well ahead” of the soft drinks market with revenue growth of 5% for the period ended 25 January.
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NewsLargest family income increase for over five years means shoppers feel flush
Real wage growth from the fall of fuel and food puts the consumer of the front foot for the first time since the recession
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NewsPZ Cussons profits hit by unrest in Nigeria
Profits at PZ Cussons have fallen as the Imperial Leather manufacturer continued to suffer from political unrest in Nigeria.
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NewsBritvic first quarter revenues slide on tough UK trading conditions
Britvic has announced a 1.4% fall in GB revenues amid “challenging trading conditions”, but insists it remains confident of hitting full year profit expectations.
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NewsGreencore registers sales rise despite challenges of the big four
Revenues jumped 3.6% at Greencore Group to £331.9m in the first quarter thanks to continued good growth in the UK food-to-go market and strong double-digit rises in the US.
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NewsBusiness booming for Tyrrells following Investcorp takeover
Premium snacks supplier Tyrrells has enjoyed booming sales in its first year…
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NewsFood retailers issue record number of profit warnings in 2014
Listed UK food and drug retailers issued a record number of profit warnings in 2014 as the grocery sector came under attack from discounters.
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NewsB&M Bargains' shares rise on Christmas sales uplift
B&M Bargains’ shares were up by over 5% this morning after it reported a like-for-like sales uplift of 4.5% in the 13 weeks to 27 December.
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NewsPremier Foods shares soar as Mr Kipling puts in ‘stand-out’ performance
A stand-out performance from Mr Kipling has helped Premier Foods put the brakes on power brand slowdown.