All The Grocer articles in 13 June 2015 – Page 13
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NewsPoundland shares plummet as it seeks £50m for 99p Stores deal
Poundland shares plummeted to a record low after it confirmed its intention this morning [Thursday] to raise £50m through a share placing to help fund the £55m acquisition of 99p Stores.
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NewsKellogg continues emerging markets push with Egyptian acquisition
Kellogg’s has expanded its emerging markets footprint with the acquisition of Egypt’s largest cereal company.
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NewsMedia Bites 29 Sep: Aldi, Whole Foods, business rates
Aldi’s annual results and the announcement it will launch a new UK online offering dominate the grocery headlines this morning.
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NewsCity snapshot: Crawshaw delivers first half sales and profit growth
Butchery chain Crawshaw Group has reported a 42% first half revenue jump driven by new store openings
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NewsTate & Lyle fined £18m over 2010 EU sugar sale
Tate & Lyle has been fined £18m by London’s Commercial Court over its 2010 sale of its EU sugars business to American Sugar Refining.
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NewsMoy Park confirms completion of sale to JBS
Norther Irish poultry specialist Moy Park has confirmed it has completed its $1.5bn (£988m) sale to Brazlian meat giant JBS.
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NewsSainsbury’s shares soar on profit upgrade
Sainsbury’s shares have risen by more than 13% in early trading this morning after upgrading its full-year profit forecast.
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NewsMedia Bites 1 Oct: Sainsbury's, Tesco, Altria
It’s no surprise that the papers have gone big on Sainsbury’s upgraded profits guidance and subsequent near-14% share price spike.
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NewsCity snapshot: Cranswick's first half revenues top expectations
Pork supplier Cranswick’s first half revenues rise 10% up year-on-year, Britvic confirms Brazilian acquisition, bumper share price rises for the UK supermarkets and all the rest of this morning’s news from the City.
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NewsMedia Bites 2 Oct: Mondelez, SABMiller, Cranswick
Mondelez is exploring a sale of its European cheese and grocery business, which could be valued at around $3bn, according Reuters, as it sharpens its focus on snack foods and refreshments.
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NewsCity Snapshot: Waitrose weekly sales back on the rise
Waitrose’s weekly sales (excluding petrol) were back up 2.1% in the week to 26 September after slipping for the previous two weeks, plus all the rest of this morning’s news from the City.
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NewsMenu revamp helps drive Greggs’ third quarter sales up 4.9%
Like for like sales for the first three quarters are now 5.6% up year-on-year
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NewsSABMiller reports “strong growth” amid bid rejection reports
SABMiller has issued a first half trading update today detailing its continuing growth in South America and Africa as media reports suggests AB InBev’s initial offer has been rebuffed.
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NewsTesco’s first half profits halve as sales stabilise
Tesco’s first half reported opperating profits fell by more than half from £779m to £354m, but CEO Dave Lewis has hailed the “sustained improvement” in its trading performance.
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NewsCity snapshot: Tate & Lyle reaffirms guidance after “encouraging” six months
Tate & Lyle has reaffirmed its full year earnings guidance in a six month trading statement this morning
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NewsMedia Bites 8 October: Tesco, SABMiller/AB InBev, Poundland
Tesco’s first half results and the SABMiller/AB InBev takeover saga and dominate the papers this morning.
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NewsSABMiller ratchets up cost-savings to bolster AB InBev defence
SABMiller has more than doubled its targeted cost savings over the next five years in latest move in the escalating takeover battle with AB InBev.
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NewsSABMiller and AB InBev agree £68bn takeover
SABMiller and AB InBev have agreed terms for the fmcg sector’s largest ever takeover after AB InBev raised its offer for the London-listed SAB to £44 per share.
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NewsFood sales drop 1.4%, according to BRC/KPMG Retail Sales Monitor
The late August Bank Holiday and strong sales of furniture and clothes boosted the retail sector in September - but food sales are falling significantly as price wars and deflation continue to bite.
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NewsMedia Bites 14 Oct: Megabrew, Asda, Business rates
The papers are lining up with their takes on the creation of ‘Megabrew’ after AB InBev agreed terms on a deal to buy rival SABMiller.