All Finance articles – Page 277
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NewsItalian food producers stockpile in UK over coronavirus fears
If factories start to close due to the outbreak, a potential shortage of Italian ingredients will add concern to businesses
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NewsCity snapshot: ‘Distressed’ deals boost fourth quarter food and drink M&A numbers
UK food and drink deal volumes edged upwards in 2019, though the final quarter was aided by a high number of ‘distressed’ M&A deals as tough macro-economic conditions continue to constrain dealmaking in the sector. Plus, Beyond Meat fails to hit market expectations, share prices plunge again and all the rest of the latest news from the City.
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NewsMedia Bites 28 Feb: Reckitt Benckiser, AB InBev, M&S
Reckitt Benckiser has taken a £5bn impairment on the acquisition of baby formula maker Mead Johnson as its new chief executive seeks to draw a line under a period of underperformance.
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NewsUK negotiating mandate for EU trade talks missing vital details, warns industry
Boris Johnson’s negotiating position is missing essential details on minimising border controls and potential disruptions from next year, industry figures have claimed…
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Analysis & FeaturesSupermarkets slash promotions as food inflation begins to bite
Asda, Morrisons, Sainsbury’s, Tesco and Waitrose have all cut their total number of deals year on year
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Comment & OpinionWill Walmart’s sale of a majority stake in Asda solve the retailer’s problems?
Private equity money is likely to lead to demands for more returns – or reduced costs
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NewsJempson’s hails boosted c-store trade and premium range for solid growth
The group grew overall gross sales by 4% to £32.9m compared with 2018
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NewsWalmart in talks with potential Asda buyers
Walmart has admitted it is in talks with potential buyers for Asda, despite an IPO for the UK supermarket chain remaining an “attractive” option.
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NewsCity snapshot: Walmart/Asda, Diageo, SSP Group
Walmart is in talks with private equity firms about selling a majority stake in Asda, a year after the collapse of its deal to merge the supermarkets chain with Sainsbury’s.
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NewsNorth South Wines receives investment from German winery Reh Kendermann
Following the transaction, North South Wines will manage Reh’s UK business in the wholesale, convenience, discount, independent and on-trade channels
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NewsPukka Pies sales rise after ramped-up marketing activity
Several advertising and marketing campaigns run during the year have bared fruit, boosting the pie manufacturer’s sales almost 7%
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NewsCo-op CEO Steve Murrells to call for retail sector co-operation on climate crisis
Murrells will give a speech at the Westminster Business Forum in London focusing on the environment, strengthening communities and post-Brexit trade negotiations
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NewsMcColl’s planning to shut hundreds of stores
McColl’s also confirmed it had closed 120 stores during the period and opened 10
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NewsDanone acquires majority stake in Harrogate Water
The transaction will see Harrogate join water brands Evian and Volvic under Danone’s portfolio
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NewsCity snapshot: Danone cuts 2020 guidance on ‘volatile and uncertain’ outlook
French dairy giant Danone has cut its growth targets for 2020 amid ‘volatile and uncertain’ global economic conditions and the potential impact of the coronavirus outbreak. Plus, Diageo and SSP Group warn of financial hits from COVID-19 outbreak, annual results from McColl’s and Nichols and all the rest of the latest news from the City.
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NewsMedia Bites 26 Feb: Tesco, UK Farming, Amazon
More than 1,800 jobs are set to go in Tesco’s bakeries after a slump in sales of traditional loaves of bread as customers turn to bagels and flatbreads
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NewsManiLife raises over £250k to fund NPD and new listings
The peanut butter brand has smashed its crowdfunding target in two days
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NewsTesco to restructure in-store bakeries putting 1,800 jobs at risk
Tesco bosses claimed they were responding to customer trends which had seen a big shift in customer tastes and preferences
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NewsHigh street failures blamed for soaring government redundancy payouts
The Insolvency Service last year paid out £346m to workers made redundant by the collapse of a company
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NewsCity snapshot: Hotel Chocolat boosted by store openings and global growth
Hotel Chocolat has posted a double-digit rise in first half sales and 7% pre-tax profit growth driven by the opening of new stores, international expansion and growing sales of its Velvetiser hot chocolate system. Plus, Tesco sells its share of China joint venture and all the rest of the latest news from the City.