Finance news – Page 409
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NewsMedia Bites 29 March: Conviviality, Reckitt Benckiser, Coca-Cola
Bargain Booze and Wine Rack owner Conviviality has failed to raise £125m required to resolve its cash crisis
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NewsCity snapshot: Conviviality files notice to appoint administrators
Conviviality has announced the board intends to appoint administrators within 10 business days, GfK’s Consumer Confidence Index increased three points in March and all the other news from the City
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NewsConviviality on the brink after failing to raise £125m
Shareholders expected to receive “little-to-no value”
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NewsFive Star Fish faces closure as 2 Sisters consults on 'heavily loss-making' business
Nearly 400 staff at the Grimsby-based operation are now facing redundancy
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NewsUK farming union leaders call for fair post-Brexit policies
They called on the government to ensure the outcome of Brexit allows UK farmers to deliver high quality and affordable food
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NewsUS spice giant McCormick reports 'great start' to 2018
Net Q1 sales rose 19.2% from $1.04bn (£739m) to $1.24bn (£876m), reported chariman, president and CEO Lawrence Kurzius
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NewsNFU Scotland's plans for a post-Brexit agricultural policy
The farming group launched a document outlining future plans outside Holyrood on Wednesday
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NewsUS vs China dispute threatens global pork trade
The superpowers held crisis talks this week to settle an escalating trade dispute
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NewsCity snapshot: UK to introduce deposit return scheme
Michael Gove has said a deposit return scheme (DRS) will be introduced in the UK, Hilton Food Group sees profits rise, Real Good Food temporarily resolves cashflow pressures and all the other news from the City
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NewsMedia Bites 28 March: GSK, Tyson Foods, Walmart
Glaxosmithkline (GSK) has agreed to take full control of its consumer healthcare joint venture from Novartis. It will buy the remaining 36.5% stake in the business, whose brands include Panadol and Sensodyne, for £9.2bn. It will also launch a strategic review of its nutrition products, including Horlicks ...
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NewsEaster spending predicted to reach £824m
Discounters Lidl and Aldi are set to emerge as winners, according to a shopper survey by marketing agency Savvy
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NewsConviviality service levels drop ahead of crucial Easter weekend
Service levels in the crucial run up to Easter now as big a concern as cash flow, sources claim
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NewsCity Snapshot: Kerryfresh collapses due to cashflow issues
Fresh to Store, trading as Kerryfresh, has collapsed into administration, AG Barr sees strong profit growth, Diageo appoints Ursula Burns as interim executive chairman and the other news from the City
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NewsMedia Bites 27 March: Casino, Amazon, Conviviality
French supermarket giant Casino has signed a distribution deal with Amazon
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NewsKerryfresh calls in administrators after cashflow problems
Fresh to Store completed an MBO from Kerry Foods in February 2015
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NewsPineapples in demand as sales rise 15% at Tesco
Demand for the fruit has hit an all-time high over the past 12 months
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NewsPaul Lindley to head up Child Obesity Taskforce in London
Earlier this month, The Grocer revealed Lindley was stepping down as chair of Ella’s Kitchen
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NewsCity snapshot: Smurfit spurns International Paper revised offer
The board of packaging company Smurfit Kappa has rejected a revised proposal from International Paper and all other news from the City
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NewsMedia Bites 26 March: Tesco, HoF, Whole Foods
The Confederation of British Industry chairs’ committee will nominate Tesco chairman John Allan as the next president
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NewsDairy Farm announces partnership with Robinsons Retail
Pan-Asian retail giant created from partnership between Dairy Farm and Robinsons Retail