All Finance articles – Page 292
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News
Surge in global demand boosts Haribo sales
Accounts filed at Companies House for Haribo’s parent company in the UK showed total turnover up to £181.6m in 2018
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Flamingo Produce shrugs off difficult conditions to double profits
Flamingo supplies fresh flowers, plants and veg to the mults
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City snapshot: AB InBev sells Australian brewing arm to Asahi for $11.3bn
Anheuser-Busch InBev has agreed to sell its Australian beer business Carlton & United Breweries to Japanese brewing giant Asahi Group in a deal valued at US$11.3bn. Plus, travel food retail specialist SSP Group has grown revenues by 9.2% in its third quarter and all the rest of the latest news from the City.
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Media Bites 19 July: Waitrose, Retail sales, Philip Morris
Waitrose will shut three stores and offload a further four to rivals such as Lidl, putting 667 jobs at risk
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Waitrose to close seven stores with 677 jobs affected
It’s the third round of store closures announced by the retailer since June last year
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UK retail sales rise in June according to official figures
The latest ONS figures paint a brighter picture for UK retailer with retail sales improving both on a monthly and annual basis
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Costa Coffee products to launch across Europe under Coca Cola HBC
The bottler will launch a full range of Costa branded products in “at least” 10 of its European markets
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Seachill growth boosts Hilton Food Group’s first half sales
Hilton Food Group has continued to grow sales in the first half of its financial year, boosted by increased volumes from its Seachill fish business.
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Media Bites 18 July: Amazon, Inflation, Hotel Chocolat
Brussels has opened an investigation into Amazon to “take a very close look” into how the internet retail giant treats third-party merchants selling goods on its websites.
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Vimto producer Nichols shrugs off cooler weather to post first half growth
Vimto producer Nichols has posted a double-digit rise in group revenues as it brushed off the cooler UK weather to post growth across its stills and carbonates portfolio.
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Comment and Opinion
Gove commits to DRS, but the arguments are far from over
The Defra secretary has nailed his colours to the mast of an ‘all in’ system
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Sales plunge at Fruit Bowl maker Stream Foods amid contract loss and difficult market
Stream Foods sales and profits dropped last year with the firm blaming a “tough” and “unpredictable” market for its poor annual performance
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City snapshot: First quarter sales rise at Premier Foods on branded growth
Premier Foods increased group sales by 1.1% in its first quarter, driven by 2.9% growth in branded sales. Plus, first half sales and profits rise at Nichols, Hotel Chocolat sales jump 14% in the year to the end of June, AG Barr shares plunge and all the rest of the latest news from the City.
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Media Bites 17 July: AG Barr, Farming, Wholefoods
AG Barr shares collapsed 28% to 623p after the Irn-Bru maker blamed a lack of Scottish sunshine for an expected 10% fall in sales.
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BeFries seeks funding to launch vegan sauce range into UK supermarkets
A Belgian-style fries restaurant is seeking to raise £30k to launch its vegan sauce range onto supermarket shelves
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Meat supplier Cheshire Food rescued out of administration
The Manchester-based meat wholesaler collapsed following a tough trading period which “rendered the company insolvent”
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AG Barr shares plummet 28% after shock profits warning
Irn-Bru maker AG Barr has lost more than a quarter of its value today after issuing a shock profits warning.
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Brits splashing out on fizz as sparkling wine prices surge
The average price per litre of many of the UK’s bestselling sparkling wine brands has risen significantly over the past 12 months
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Bidfood acquires Brighton-based wholesaler Elite Fine Foods
Elite delivers to more than 2,500 catering establishments across the UK from its seven multi-temperature sites
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Crowdfunders burnt as Hop Stuff rescued from administration by Molson Coors
London-based craft brewer Hop Stuff has been sold to Carling owner Molson Coors in a pre-pack deal, wiping out £1.5m of crowdfunding investment.