Finance news – Page 599
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NewsKerry Group battles changing shopping trends to post first-half profit growth
Irish food supplier Kerry Group overcame fickle UK shoppers and turmoil in its emerging markets businesses to grow profits in the first six months of 2014.
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NewsWalgreens to complete Alliance Boots takeover
US pharmacy chain Walgreens has exercised its option to buy the entire shareholding of Alliance Boots.
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NewsDiageo and BAT latest to warn of bruising strength of pound
Diageo and British American Tobacco have warned that the strength of the pound is hurting their profits…
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NewsSugar tax used by EU soft drinks firms to boost margins
So-called “sugar taxes” lead to retailers and suppliers boosting profit margins on full-sugar and diet drinks…
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NewsMizkan's Bertolli and Ragu deal is biggest in M&A upsurge
Unilever’s sale of Ragu and Bertolli boosted overall M&A activity in UK food and drink in the second quarter…
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NewsWaitrose sales struggle to match 2013's golden summer
Waitrose has experienced a dramatic sales slowdown this summer, according to its publicly released figures…
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NewsGreggs one of biggest risers on FTSE thanks to strong first half
Trading improved significantly in the second half of last year…
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NewsStrong pound dents British American Tobacco’s revenues
British American Tobacco saw first half headline revenues decline by 10% after being hit by adverse exchange rate movements.
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NewsRevamped coffee and sandwiches help drive Greggs profit surge
Greggs has reported an almost 50% rise in first half pre-tax profit after diversifying its product range
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NewsIceland sales dip in latest market share figures
Iceland has posted its first drop in sales since 2005, according to the latest grocery market share data from Kantar Worldpanel.
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NewsPZ Cussons defies currency headwinds to post profit growth
Soap maker PZ Cussons has recorded a 7% rise in full year profits despite negative currency movements and unrest in Nigeria.
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NewsReckitt Benckiser spins off pharma to focus on consumer goods
Reckitt Benckiser is to spin off its pharmaceutical division to concentrate on its core business of consumer goods.
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NewsAdministration numbers for food & drink firms falls sharply
Fewer food and drink firms are falling into administration despite the tumultuous grocery market conditions…
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NewsSugar deal scramble as prices tumble
Food manufacturers are eager to settle annual sugar contracts earlier than usual this year…
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NewsSainsbury's takes out corporate green loan
Sainsbury’s has taken out a corporate loan structured purely to invest in carbon reduction and sustainability projects…
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NewsReckitt Benckiser to pour £100m into healthcare R&D centre in Hull
RB – formerly Reckitt Benckiser – today revealed it will plough £100m into a new consumer health R&D centre in Hull
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NewsAfrican demand boosts SABMiller’s global volumes
SABMiller’s first quarter global drinks volumes grew by 3%, driven by increased demand in South Africa and the African region.
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NewsBritvic raises profit forecast as fizzy drinks sparkle
Britvic has raised its profit forecast for the full year after enjoying strong fizzy drink sales in the third quarter.
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NewsLidl insists it pays its 'fair share' of UK tax
Lidl has revealed that it paid more than £25m in UK corporation tax last year.
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NewsOver 200 jobs at risk as Hovis plans Leicester bakery closure
Hovis is planning to close its bakery in Leicester with the loss of more than 200 jobs, The Grocer has learned.