All Finance articles – Page 314
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News
Media Bites 15 Aug: Naked Wines, US/UK trade deal, Salt levels
The City billionaire Michael Spencer is engineering a bid for the fine wine merchant being sold by Naked Wines as part of its transformation into an online-only business.
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Luxury confectioner Bon Bon’s acquires rival HF Chocolates
The two luxury chocolate businesses will sit within the gifts unit of Bon Bon’s owner Lanchester Wines
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UK convenience set to grow £6.9bn by 2024, IGD forecasts
The forecast assumes an orderly Brexit as well as a moderate growth scenario
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Cofresh posts double-digit sales growth amid factory investment
Indian snacks producer Cofresh experienced “good growth” in all markets last year, with double-digit increases in both sales and profits.
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City snapshot: Adnams beer volumes beat market but losses rise
Adnams has reported beer volumes ahead of the market for the first six months of the year, but losses rose on increased costs and falling value sales. Plus all the rest of the latest news from the City.
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Media Bites 14 August: Poundland, Brexit, Henkel
Poundland is breaking with its past with a range of prices stretching from 50p up to £5.
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Poundland trials new price point model with sub-£1 ranges
The bargain operator claims the new pricing architecture will allow it to extend ranges
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Valeo Foods in talks to acquire Kettle’s UK and Irish operations
City sources have confirmed to The Grocer the businesses are close to striking a deal, expected to be worth over £50m
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Restaurants and cafés warned to plan for huge no-deal Brexit blow
MCA said Brexit uncertainty has already caused the market to shrink 1.9%
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David Butcher returns to Carabao for second spell as MD
Butcher was Carabao UK & Ireland MD for seven months until November 2017
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City snapshot: Retailers demand ‘fixing’ of ‘outdated’ business rates
Representatives of more than 50 high street retailers have urged Chancellor Sajid Javid to take action. Plus, meal kit provider HelloFresh sees 37% quarterly sales jump and first group-wide profit, organic sales slip at Henkel and all the rest of the latest news from the City.
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Media Bites 13 Aug: Valeo Foods, Business Rates, Deliveroo
Valeo Foods Group is reportedly in exclusive talks to buy Kettle Foods’ operations in the UK and Ireland
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Co-op joins Tesco’s calls for online sales tax
Tesco CEO Dave Lewis has called on the government to cut business rates by 20%, funded by a 2% levy on online sales
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July retail footfall worst in seven years
Retail footfall continued to decline in July, marking the worst performance for the month since 2012. Plus, New Zealand dairy giant Fonterra takes £300-plus writedowns on global businesses and all the rest of the latest news from the City.
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Media Bites 12 Aug: Stockpiling, Retail Footfall, Asda
Britons have spent £4bn stockpiling goods in preparation for a possible no-deal Brexit
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Comment & Opinion
A no-deal Brexit will soon show how we’re not all in it together
We’re not all in this together. It’s not a Blitz spirit. A no-deal Brexit is a competitive opportunity same as any other
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Snack startup AP Brands seeking £500k in crowdfunding
The crisps, popcorn and pork crackling producer will hit Crowdcube on 12 August
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Retail staff vacancies in ‘substantial’ decline, figures reveal
Retail ranked bottom of the league table compared with other sectors
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Analysis & Features
US to triple tariff-free EU exports of hormone-free beef
A seven-year agreement will see tariff-free exports boosted
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News
Illy brings UK coffee distribution in house
Euro Food Brands has managed sales and distribution for over 25 years