All articles by Ed Devlin – Page 232
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NewsCity Snapshot: Tesco appoints John Allan as new chairman
Tesco has ended its search for Sir Richard Broadbent’s successor with the appointment of John Allan. Plus full-year results for Coke bottler Coca-Cola HBC and a new CEO for Carlsberg. And all the latest share price movements.
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NewsMedia Bites 18 February: Tesco, Allan Leighton, Carlsberg, Nestle
The appointment of John Allan as Tesco chairman, pipping former Asda head Archie Norman to the post, dominates this morning’s headlines.
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NewsInflation tumbles to record lows as the big four grocers slug it out over price
The escalation in the supermarket price war and the falling cost of oil has helped inflation hit record lows in January.
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NewsCadbury owner Mondelez acquires allergen-free snack maker Enjoy Life Foods
Mondelez International is looking to tap into the fast-growing ‘free from’ sector to inject some life into declining sales with the acquisition of a private US snacking company.
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NewsConsumer products sector dealmaking set to continue the 2014 surge
Strategic portfolio optimisation will continue to be one of the most important deal drivers in the coming year in the consumer products sector, according to Big Four financial services firm EY.
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NewsMedia Bites 16 February: Tesco, SABMiller, CBI
What the papers are saying about the industry this morning
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NewsCity Snapshot: 3G linked with potential $75bn takeover of SABMiller
SABMiller share price climbs as rumours emerge of a potential $75bn bid by 3G Capital. Plus a new candidate to become Tesco chairman enters the race and Ashbury Chocolates jobs saved in administration rescue deal.
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Analysis & FeaturesWhy is Poundland cosying up with neighbouring 99p Stores?
99p Stores has been touted for sale since 2011. So it wasn’t entirely unexpected when Poundland announced…
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NewsHundreds of jobs saved at Ashbury Chocolates in rescue deal by Duc d’O owner
More than 200 jobs have been saved at a Midlands chocolate maker after the owner of Belgian brand Duc d’O acquired the company out of administration.
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NewsKellogg reports $293m loss in Q4 as US cereals market goes soggy
Kellogg has posted large losses in its final quarter and lowered sales expectations as consumers in the US turned their backs on cereals and snack bars.
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NewsOil price slump hits ethanol processors
Low crude oil prices have been a boon for many, but for makers of ethanol the slump in oil – to lows of below $50 a barrel…
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NewsMedia Bites 13 February: Morrisons, Tesco, Ocado
A former Morrisons chairman attacks Sir Ken Morrison for his treatment of sacked CEO Dalton Philips.
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NewsCity Snapshot: Bumper Ocado share price hands directors a healthy pay day
Ocado board receives a near £20m pay package in the year of its first profit and Waitrose sales fizz in the run up to Valentine’s Day. Plus all the latest moves in the City.
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NewsOcado executive team share in bumper £19.6m pay package
Ocado executives were awarded a bumper £19.6m pay package last year thanks to the online grocer’s share price gains.
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NewsCity Snapshot: Bakkavor defies challenging conditions to outperform the market
Food group Bakkavor outperforms the fresh prepared foods market as sales grows and Imperial Tobacco takes a hit as the strength of sterling drags on revenue. Plus the latest share price movement of Poundland, Reckitt Benckiser and the grocers.
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NewsMedia Bites 12 February: BoE, Imperial Tobacco, Heineken, PepsiCo
The strength of sterling places havoc with with international traders and the Bank of England may take a look at raising interest rates earlier than expected.
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NewsPoundland share price slips as largest shareholder sells 14% stake for £142m
Poundland’s majority shareholder Warburg Pincus has netted £142m from the sale of almost half its remaining stake in the discount chain.
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NewsMillerCoors CEO Tom Long to retire in June
Tom Long is to retire as CEO at MillerCoors at the end of June sparking a search for a succesor by the brewing business.
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NewsCity Snapshot: Discounts and healthy eating push grocery sales to 12-month high
Price cuts at the supermarkets and health-conscious consumers helped food sales to a year-long high but a reliance on discounting could be setting a risky precedent. Plus the latest City news and share price movements.
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NewsMedia Bites 10 February: Tesco, David Cameron, Co-op Pharmacy
One of Thailand’s richest men is lining up a second bid for Tesco Lotus and David Cameron urges Britain’s bosses to give a pay bump to workers.