All Finance articles – Page 353
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News
Bibendum PLB ditches European business after 'strategic review' by new owner C&C
Bibendum said it “decided to focus exclusively on our core customers”
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Iceland introduces programme of lower-cost refurbishments
The trial programme requires stores to close for three to five days instead of three weeks
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Pernod Ricard ups profit forecasts as Jameson helps drive growth
The world’s second largest distiller Pernod Ricard increased its profit forecast after profits jumped 6.3% for the year.
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Media Bites 29 Aug: Retail prices, Amazon, Ocado
Hot weather pushed up food prices as a lack of rain has made it tougher to grow crops and find enough feed for livestock
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Hain Celestial grows organic UK annual sales by 5%
US food group Hain Celestial has announced a 5% boost to full-year UK sales, driven by a strong performance of its Tilda and Ella’s Kitchen brands.
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Princes Gate water sales slump 6% prior to Nestlé acquisition
For the year ending 30 November 2017, the thriving producer saw sales dip 6%, from £14.7m to £13.8m
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Plastic bag tax set to rise to 10p for all retailers
Plastic bag sales in England’s biggest seven supermarkets have dropped by nearly 90% since 5p charge introduction
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Clive Jones named Mondelez president for Northern Europe
Jones replaces Glenn Caton, who has taken up the role of AMEA president for chocolate
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City snapshot: Nestlé completes $7.1bn global Starbucks deal
Nestlé has announced the completions of its US$7.1bn deal to acquire the perpetual global license to produce Starbucks branded products across the world. Plus all the rest of the latest news from the City.
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Media Bites 28 Aug: Tesco, Food prices, Tetley Tea, Sainsbury's/Asda
A ban on Sunday trading and intense competition have prompted Tesco to close stores in one of its key overseas markets.
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Investors keep faith with Sainsbury's despite slower growth
Investors sent Sainsbury’s shares up to a four-year high despite the grocer lagging behind its rivals.
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Free-from brand Creative Nature reaches out for £350k cash boost
The vegan baking mix and snack bar maker has reached out to the crowd for £350k at an equity of 6%, valuing the growing business at around £5.5m
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Analysis and Features
How will SodaStream deal add extra fizz to PepsiCo?
The $3.2bn takeover ticks key boxes on health and sustainability
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McCormick UK sales up in first period with French's & Frank's
McCormick bought RB’s table sauce business, including French’s & Frank’s brands, for $4.2bn in August 2017
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Pre-Brexit port IT overhaul 'nonsense' claims FDF
Ian Wright warns the “clock was ticking” on the government’s IT overhaul
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Analysis and Features
Coffee price fall risks instability in growing regions
The futures contract for arabica reached a 12-year low this week at 96.5 US cents/lb
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News
Hyperama secures £15m funding for cash & carry depot refurb
Funds will also be used to increase sourcing from the Far East
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City snapshot: Earnings up 29% at Young's Seafood as sale process continues
Youngs Seafood has boosted earnings 29% in the third quarter on the back of cost-cutting as the Grimsby business continues its search for a buyer, Brewdog heralds a period of “substantial growth, and the rest of the news from the City
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Media Bites 24 August: Sainsbury's/Asda, National Lottery, Brexit
The UK competition watchdog has launched a formal investigation into the proposed merger between supermarket chains Sainsbury and Asda
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News
Organic food suppliers 'face EU export ban' in no deal Brexit
Defra said it was determined to help organic producers flourish in the event of a no deal