All Finance articles – Page 366
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NewsDiageo to sell 19 brands to Sazerac for $550m
Booze giant Diageo has announced plans to sell a portfolio of 19 spirit brands to US group Sazerac in a deal worth US$550m.
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NewsMedia Bites 12 November: Supermarket waste, Amazon, Sainsbury's/Asda
Supermarkets, retailers and major drinks brands are set to pay tens of millions of pounds more towards recycling their used packaging under the government’s new waste strategy
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NewsCity News: M&S calls for action as food and clothing sales slide
M&S top team Archie Norman and Steve Rowe called for “significant change” as it reported a further decline in first-half sales
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NewsBon Bon Buddies in 'complete restructure' after debts mount
The struggling Welsh sweet maker confirmed a Company Voluntary Arrangement with creditors last month
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NewsDeflation hits supermarket prices for first time in two years
The Grocer Price Index has found that supermarket prices are back in deflation for the first time in almost two years.
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Analysis & FeaturesPepsiCo to avoid premium snacks retail war by keeping Pipers Crisps Co's focus on foodservice
Walkers owner PepsiCo has entered the premium hand-cooked crisps space with its acquisition of Pipers, but will eschew the brutal promotional retail environment to grow its presence in foodservice.
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NewsCafePod appoints advisors to secure £3m investment to fuel expansion
The supplier has appointed boutique firm Bluebox to secure the funding from an investor, which would value the business at £30m
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NewsKellogg's UK sales drop £50m as Pringles decline continues
Kellogg’s recorded a £50m plunge in UK sales in its most recent financial year as its Pringles lost sales to add to the structural decline of its cereals.
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NewsEG Group to buy Australian chain Woolworths Petrol in A$1.7bn deal
EG Group, previously Euro Garages, will take control over Woolworth Group’s 540 site network
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Analysis & FeaturesSainsbury's-Asda report: retailers and trade bodies respond
The Grocer summarises the industry’s responses to the CMA investigation, published yesterday
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NewsDeal sought for Jools Drinks brand and assets
Owner Kmera Ltd is seeking a sale for the brand’s assets, intellectual property and designs
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NewsCity snapshot: Bon Bon Buddies agrees rescue plan after debts mount
Licensed confectionery manufacturer Bon Bon Buddies has agreed a rescue plan with creditors, a new report reveals 14 shops a day have closed on UK high streets so far this year, and the rest of the City news
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NewsMedia Bites 9 November: Sainsbury's, Iceland, Tate & Lyle
Sales at Sainsbury’s have picked up after the supermarket group benefited from the hot UK summer and lowered its prices, but warned of an “uncertain” outlook
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Analysis & FeaturesIncrease in demand drives up price of cocoa
Farmgate prices for cocoa from the Ivory Coast have also risen
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NewsBooker company secretary & CFO leave in wake of Tesco merger
CFO Jonathan Prentis and company secretary Mark Chilton have been stalwarts of the business since it was spun out from the Big Food Group in 2005
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Analysis & FeaturesFood trade chaos: Hull's port braces for no-deal Brexit
Hull would not be able to cope in a no-deal scenario, according to its chief port health officer, Laurence Dettman
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NewsKitwave Wholesale Group eyes acquisitions to boost growth
Wholesaler reported full-year pre-tax profits up from £165,000 to £3m on turnover up by more than £45m to £341m…
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NewsCity snapshot: Sainsbury’s posts first half underlying profit growth as second quarter sales improve
Sainsbury’s grew underlying profits by 20% in the 28 weeks to 22 September 2018 and recorded improved second quarter sales driven by the warm summer. Plus all the rest of the latest news from the City.
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NewsMedia Bites 8 Nov: M&S, John Lewis Partnership, Monster Beverage
The papers react to M&S’ half year results after bosses admitted the retailer required “significant further change” to turnaround falling sales.
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NewsM&S interim results: what the analysts say
Analysts react to another tough trading period for Marks & Spencer, with like for like food and clothing sales continuing to slide.