All Finance articles – Page 340
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NewsBidfood retains Best Food Logistics as buyer withdraws bid
The Grocer understands a sell-off remains a key option for parent-company Bidcorp
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NewsCity Snapshot: Morrisons third quarter like-for-like sales rise 5.6% but retail growth slows
On a busy morning, wholesale growth boosts Morrisons’ third quarter sales but core retail sales slow, UK retail sales edge up by just 0.1% in October, ABF posts profit growth despite sugar woes, Greene King CEO steps down and P&H collapse hits profits at Imperial Brands.
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NewsMedia Bites 6 Nov: High Street sales, Crawshaw, Pipers
High Streets are facing a make-or-break Christmas as shoppers desert stores and flock online.
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NewsLidl raises basic pay to £10.55 in London and £9 elsewhere
The latest in a series of pay rises by the discounter marks an increase of 30% for London staff and 25% for those outside the capital
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NewsAdministrators for Crawshaws close 35 unprofitable stores
More than 350 staff have already lost their jobs, however, administrators hope to sell off the chain’s remaining 19 profitable stores
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NewsSuntory reduces forecasts as UK Ribena sales slide
Global soft drink giant Suntory reduced its earnings forecasts on the back of surging supply chain costs in Europe.
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NewsMedia Bites 5 November: Marks & Spencer, Patisserie Valerie, Sainsbury's
Marks & Spencer explored a radical plan to split into two separate businesses before concluding that the move would not generate value for shareholders
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NewsAlcohol deals help UK food and drink M&A shrug off Brexit jitters
A flurry of dealmaking in alcoholic drinks kept food and drink M&A ticking over in the third quarter, though deal numbers remain down so far in 2018.
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Analysis and FeaturesReckitt Benckiser shares on yet another "one off" setback
Reckitt Benckiser’s $16.6bn buyout of Mead Johnson was supposed to revolutionise the consumer giant’s global business, but 18 months after agreeing to buy the baby milk specialist the acquisition is still underperforming and pressure is mounting on Reckitt management.
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NewsDirect-to-consumer start up Pasta Evangelists seals £1.7m cash boost
The pasta supplier, backed by Prue Leith and Giles Goren, secured the investment in an equity fundraise led by Guinness Asset Management
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NewsKellogg's, Unilever and PepsiCo jostle to buy Graze
PE owner Carlyle is understood to be looking to secure a sale by Christmas
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NewsCity snapshot: Global consumer giants jostle to buy Graze
Food giants Kellogg’s, Unilever and PepsiCo are battling to buy healthy snacks business Graze as bidding kicks off, EU search interest in UK brands surges and the rest of the news from the City
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NewsMedia bites 2 November: Waitrose, Ocado and B&M, Patisserie Valerie
Waitrose will pursue “mindful” consumers such as vegans and put quality food first over gaining market share, its managing director has said
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NewsLandmark-Today's merger completes to form Unitas Wholesale
The new Unitas trading team will start talking to suppliers about 2019 from 1 December
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NewsJon Hughes takes over as Haribo UK & Ireland MD
The appointment fills a position left vacant since Herwig Vennekens’ promotion in the summer
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NewsCity snapshot: Just Eat warns investments will hit full year profits
Takeaway delivery marketplace Just Eat has posted a 41% jump in third quarter revenues, but warned its investments back into the business mean full years profits will be at the lower end of expectations. Plus trading updates from Hilton Food Group and Glanbia, Applegreen completes Welcome Break takeover and all the rest of the latest news from the City.
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NewsMedia Bites 1 Nov: Crawshaw, Patisserie Valerie, Kellogg's
Up to 54 stores employing 600 people could close if a buyer for Crawshaw Group cannot be found.
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NewsSamworth Brothers to buy 2 Sisters' Manton Wood sandwich factory
2 Sisters’ owner Boparan Holdings announced that it has agreed the sale of the site, also known as Solway Foods, which employs around 1000 staff, as it continues to transform its operations.
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NewsHigh street butcher Crawshaw Group to hire administrators
High street butchers chain Crawshaw Group has announced plans to hire administrators, admitting it does not funds for a necessary restructure.
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NewsMedia Bites 31 October: WH Smith, Reckitt Benckiser, Ocado
UK retailer WH Smith has unveiled plans to buy US airport chain InMotion in a £155m deal to double its travel business, as part of a strategic shift amid declining high street sales