Finance news – Page 595
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NewsChaucer Foods buys 65% stake in US snack firm Crunchies
UK-based food group Chaucer has agreed to buy a controlling stake in US health snack specialist Crunchies Food Company.
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NewsC&C Group’s profits hit by slowdown in England and the US
Drinks manufacturer C&C Group reported a 2.7% fall in first half operating profit as warned of “intensively competitive trading” in England and Wales and a “disappointing” performance in the US.
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NewsEurope Economics reports palm oil's £333m contribution to GDP
Consultants have quantified the economic impact of palm oil on the UK and EU economy for the first time…
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NewsMore food and drink IPOs likely to be deferred until 2015
As Marfrig delays its decision to float Moy Park until 2015, corporate finance specialists are predicting more owners of f…
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NewsDave Lewis acts to avert Christmas disaster at Tesco
Tesco boss Dave Lewis is introducing emergency measures to try to save Tesco from a Christmas trading disaster…
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NewsCranswick moves into premium poultry with Benson Park buy
Meat producer Cranswick has acquired premium poultry producer Benson Park in an undisclosed deal.
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NewsBritvic blames poor summer weather for Q4 sales drop
Poor summer weather squeezed performance of Britvic soft drinks in European markets in the fourth quarter, the company has reported in a trading update.
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NewsUnilever's third quarter revenues hit by currency headwinds
Unilever has reported third quarter underlying sales growth of 2.1%, but foods remained the group’s worst performing category.
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NewsTesco boss Lewis sets out three-pronged turnaround plan
Embattled Tesco boss Dave Lewis Dave today set out a three-pronged strategy to rescue the crisis-hit giant.
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NewsTesco results: what the analysts say
We round up reaction to Tesco’s interim results and the findings of its accountancy investigation.
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NewsTesco confirms profit hole of £263m
The black hole in Tesco’s finances was even worse than expected and “similar practices” have been going on in previous reporting periods, the Deloitte investigation into the retailer has found.
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NewsBAT cigarette volumes decline in 'challenging' market
British American Tobacco has reported a small fall in cigarette volumes in the first nine months of the year as its headline revenues were hit by currency movements.
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NewsLabour loses fight to give SMEs protection against late payments
The government has voted down a Labour move to prevent “late payment misery” for small businesses.
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NewsFinsbury plans moves into new markets after Fletchers buyout
Finsbury Food Group is drawing up plans to tap new markets and licensing opportunities following its acquisition of Fletch…
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NewsOcado-listed health drinks specialist goes into liquidation
A health tea specialist with listings at Ocado and Holland & Barrett is going through liquidation proceedings…
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NewsFour new Booker Makro dual format C&C depots on the way
Booker is rolling out its new Booker/Makro combined format to four new depots over the next few months…
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NewsWarren Buffett’s Berkshire Hathaway slashes Tesco stake
Warren Buffett’s Berkshire Hathaway has slashed its interest in Tesco, reducing its stakeholding below 3%.
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NewsVolatile week for Thorntons shares due to first-quarter figures
Chocolatier Thorntons saw its share price dip alarmingly on Monday…
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NewsFyffes-Chiquita merger threatened by increased Brazilian bid
The battle for US fruit distributor Chiquita has taken another twist after the Brazilian consortium fighting against the company’s proposed merger with Irish contemporary Fyffes upped its bid.
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NewsWH Smith enjoys full-year profit boost despite falling sales
WH Smith shares jumped by 3.5% in early trading after the newsagent group posted an 8% increase in full-year pre-tax profit.