Fresh produce company Fyffes has warned that higher oil prices would affect its profits this year. In a statement, it said: "The recent significant increase in the cost of shipping fuel has been higher than anticipated and is not being recovered in current selling prices. Fyffes expects that the impact of these factors on its full-year results in 2006 will be about E9m."
The Competition Commission has cleared Cott Beverages's £75.4m acquisition of own label soft drinks manufacturer Macaw. It said that the acquisition would not result in a substantial lessening of competition in the own label soft drinks market. The OFT referred the deal to the Commission following concerns that Cott would supply 57% of own label carbonated soft drinks in the UK.
30% sales rise
Specialist confectionery cash and carry Hancocks has revealed that its sales over the Easter period increased by 30%. Purchasing director Richard Brittle said: "Easter was later this year and that really gave our sales a boost."
Boughey web site
Ambient goods warehouse Boughey Distribution is launching a new web site that will play an integral role in its £15m expansion plans. The web site, created by Tamba Internet, will focus on recruitment as it increases its workforce by a third. Clients will be able to use the site to check stock levels.
JS migrates it
Sainsbury has said that it has successfully migrated its IT functions in-house six months after agreeing to terminate its contract with Accenture. Sainsbury and Accenture will continue to work together in developing some of Sainsbury's IT systems and the online services.