All Finance articles – Page 351
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News
Farmfoods annual sales drop 4% amid “competitive” market
Scottish frozen foods retailer Farmfoods posted a 4% drop in annual revenues last year as competitive pressures continued to weigh on the grocery chain.
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News
Covent Garden Market Authority reports £100m profit boost
Traders within the market saw turnover increase 6% to £626m despite declining occupancy
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News
Bakkavor picks up Haydens Bakery as like-for-likes improve
The deal involves a cash payment to beleaguered Real Good Food of £9.6m
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Comment and Opinion
Coke-Costa and PepsiCo-Sodastream are both compelling deals
In the space of three weeks, Coca-Cola and PepsiCo have completed multibillion-dollar deals. Which is best?
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News
McColl's shares rebound after P&H collapse dragged value down
McColl’s stock had plunged to a two-year low of 125p in late August put is now up 12.1% for the week
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News
Natural Drinks Co ceases trading after failed investment
The company was wound up after hiring liquidators BDO last month, but hopes to secure funding to resurrect its brands in the future
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News
Sales rocket 75% at Grenade on back of PE acquisition
The snack bar and drink maker delivered strong growth after being bought by Lion Capital in March 2017
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News
City snapshot: English whisky producer plots London IPO
English single malt whisky distillery The Lakes Distillery has plans to list on the London Stock Exchange to raise up to £15m to fund further growth. Plus, World Cup and warm summer help boost Greene King’s Q1 like-for-likes by 2.8%, the UK high street suffers its worst month for three years and all the rest of the latest news from the City.
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News
Media Bites 7 Sep: Business rates, UK high street, Bakkavor
Sainsbury’s CEO Mike Coupe has called for tax reform to ease the burden of business rates.
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News
FSA urged to 'take ownership' of adulterated meat testing
A fifth of meat samples tested by local authorities last year contained DNA from other species
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News
Jeremy Pee made chief digital and data officer at M&S
M&S created the role to help its push to become a “digital-first retailer”
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News
Bakkavor acquires Haydens Bakery after ‘positive’ first half
Ready meals giant Bakkavor has posted a rise in revenues and profits in its first six months as a listed business and announced the £12m acquisition of sweet bakery products supplier Haydens Bakery from Real Good Food.
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News
Media Bites 6 Sep: Tesco, Gaucho, M&S
Supermarket chain Tesco has angered shoppers in its inner-city stores by hiking the cost of individual bananas
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News
Asda Price Guarantee to end in favour of focus on low pricing
Price matching initiative was the first of its kind by a major UK supermarket
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News
Gusbourne raises £3.7m for capacity expansion
UK wine producer Gusbourne has raised a total of £3.7m through the issuance of new shares to invest in its existing vineyards and storage capacity.
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News
Media Bites 5 Sep: Amazon, John Lewis/Waitrose, McColl’s
Amazon has become the second public company in history to record a $1 trillion valuation.
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News
Pret A Manger sales jump 13% amid overseas expansion
The chain recorded a 13.2% increase in sales, to £878.5m, in the year ending December 2017, prior to its £1.5bn acquisition by JAB this May
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News
Euro Garages buys US forecourt chain Minit Mart for $305m
The deal will add 225 Minit Mart branded stores to EG Group’s rapidly-growing international portfolio, adding to the 762 sites it bought from Kroger
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News
Tesco appoints Melissa Bethell as non-exec director
Bethell headed up global private equity firm Bain for more than 18 years
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News
Tesco to develop car park space into gyms and restaurants
The plan is part of a new deal with property company Supermarket Income REIT