Finance news – Page 426
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NewsCoca-Cola European partners flattened by France and Spain despite levy boost
The soft drink levy provided a much-needed boost for CCEP despite being expected to stifle fizzy drink makers as sales dived elsewhere in Western Europe
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NewsOppo secures funding to ease cash shortfall after growth
The fast-growing business secured the loan from private investors following 500% sales growth this summer
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NewsNakd sales growth slows under Lotus ownership
The maker of Nakd healthy cereal bars Natural Balance Foods has continued to grow sales under the ownership of Lotus Bakeries, but its rate of growth has slowed dramatically since its £60m sale.
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NewsNew owners bring cereal bar maker Halo Foods back in profit
The Harvest Cheweee maker completed a turnaround in 2017 to jump up to a £361k pre-tax profit from a £3.1m operating loss
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NewsFeed shortages push prices up as heatwave hits home
Christmas turkey could be up to 5% more expensive in supermarkets, warned the BTF
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NewsCity Snapshot: Valeo Foods set to buy Dip-Dab maker Tangerine in £100m-plus deal
The owner of Fox’s mints is reportedly set to buy Tangerine, the maker of classic sweets including Dip-Dab and Blackjacks, in a £100m-plus deal. Plus, sources close to Poundworld’s administrators have advised caution over reports today that 50 branches of the discounter chain have been saved and the rest of the latest news from the City.
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NewsMedia Bites 10 Aug: Poundworld, Tangerine, Coca-Cola Hellenic
An Irish family that owned a chain of discount retailers has agreed to buy 50 Poundworld stores on the last day of trading for the collapsed business
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NewsSupermarket price inflation drops to lowest level for 18 months
Supermarket price inflation has hit its lowest level for 18 months as the post-Brexit jump in grocery prices continues to stabilise.
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News2 Sisters unveils major restructure of poultry business
The plan, unveiled by new CEO Ronald Kers, includes the merger of its UK poultry and added-value businesses into one division
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NewsCity snapshot: World Cup boosts first half sales at Coca-Cola HBC
European FTSE 100 coke bottler Coca-Cola HBC has reported a 6.4% first half jump in sales as the World Cup and warm weather boosted volumes in the second quarter. Plus, half year results from Irish groups Kerry Group and Glanbia and all the rest of the latest news from the City.
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NewsMedia Bites 9 August: Casino, High street, Sterling
Shares in France’s Casino hit their lowest point since 1996 after questions were raised about about the retailer’s debt levels.
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NewsAldi promises carbon neutrality by 2019
The discounter was recently ranked as one of the “dirtiest polluters” among UK supermarkets
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News'Sugar tax' fails to impact shopping habits
Just 1% now say they plan to stop drinking sugary soft drinks
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NewsFirst half profits rise 8.6% at Stock Spirits Group
Premium spirit supplier Stock Spirit Group (STCK) saw profits jump 8.6% for the half-year, despite “challenges in its core markets”.
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NewsMedia bites: Jacob's, Fever-Tree, Iceland
McVitie’s owner Pladis is reportedly eyeing a £100million sale of savoury biscuit maker Jacob’s.
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NewsProfits tumble at Wrigley UK as chewing gum sales wane
Profits at Extra and Juicy Fruit chewing gum maker Wrigley tumbled by a third last year, as category sales continued to decline
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NewsSainsbury's to hold talks with Unite union over pay proposals
Sainsbury’s retail and operations director Simon Roberts said he was proud of the pay deal
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NewsHeatwave boosts July food sales but general retail fails to perform
Monthly food sales hit their highest level for five years in July driven by the World Cup and hot summer, but the rest of the retail industry failed to fire.
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NewsMedia Bites 7 Aug: Retail sales, PepsiCo, Tesco
The hot weather kept British consumers out of the shops during July, despite prompting sales of food and drink for barbecues and World Cup celebrations
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NewsBuying groups Today's and Landmark agree to merge
The proposed new company will be called Unitas Wholesale