Finance news – Page 426
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NewsMedia Bites 17 Jan: Walmart, Nestlé/Ferrero, Premier Foods, Greggs
Walmart will tap Judith McKenna to run its international unit, which includes UK supermarket Asda.
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NewsLindt boosted by UK performance as group sales pass 4bn Swiss Francs for first time
A particularly strong performance in the UK has helped propel sales at Lindt & Sprüngli to more than CHF 4bn Swiss francs (£3bn) for the first time in its 175-history.
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NewsTate & Lyle CFO Nick Hampton to take over top role from Javed Ahmed
Nick Hampton succeeds Javed Ahmed who, having served as chief executive since October 2009, will step down from the role and the board to retire on 1 April.
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NewsWimbledon Brewery signs ex-Paperchase CFO David Bateman
Bateman has made a personal investment in the company, which would “assist in supporting its growth”…
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NewsCoffee shops are one of the UK's strongest performing sectors
Allegra’s Project Café 2018 report found that the £9.6bn UK coffee shop market increased its turnover by 7.3% this year
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NewsMedia Bites 16 January: Premier Foods, Tesco Clubcard, chicken, Walmart
After the flurry of retail activity last week, it’s a quiet start to the week for grocery news in the papers, with the collapse of construction firm Carillion dominating coverage.
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NewsCity snapshot: Record mince pies sales offsets weak Mr Kipling performance for Premier Foods
Record mince pie sales have helped Premier Foods into a second consecutive quarter of growth, but its past star performers Mr Kipling and Cadbury cakes stalled. Plus, demand for seasonal favourites have helped Greggs record its 17th quarter of like-for-like sales growth in a row; Tate & Lyle appoints its CFO as the new CEO; sports nutrition business Science in Sport issues a pre-close trading update; and Lindt reports annual sales of more than 4bn Swiss francs for ths first time in its 175-year history.
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NewsCD&R sells remaining 5% B&M Bargains stake for £200m after bumper Christmas
The private equity backers of B&M Bargains has sold its remaining 5% stake in the discount chain for £200m, cashing in on a bumper Christmas for the business.
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NewsFortnum & Mason reports record Christmas trading performance
Like-for-like festive sales at Fortnum were up 13%; online sales were up 23%
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NewsBrewDog extends £50m crowdfunding drive until October
The brand has extended its current Equity For Punks crowdfunding drive until October this year…
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NewsLily’s Kitchen sales up 36% but investment results in loss
Turnover at the premium petfood supplier rose to £19.8m in the year ended 31 March 2017
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NewsMedia Bites 15 January: Asda, Premier Foods, Palmer & Harvey, Nestlé, Lactalis
Asda’s new boss has claimed that the struggling grocer mounted a resurgence over the festive period, luring shoppers away from its biggest rivals and racking up the best sales of the big four supermarkets.
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NewsPremier Foods pours cold water on potential sale of Batchelors to Nissin
Premier Foods has denied it is in talks to sell its Batchelors noodles brand to Nissin Foods after media reports emerged over the weekend revealing a potential deal.
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NewsHenderson deal for five McColl's stores examined by CMA
Interested parties have until 26 January to submit their comments to the CMA
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NewsPrinces owner tests water for potential Young's acquisition
Mitsubishi Corporation approached the private equity owners of Young’s late last year
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NewsThomas J Fudge's records loss in first year of PE ownership
Thomas J Fudge’s Remarkable Bakery slipped to a £1.5m pre-tax loss in its first year under private equity ownership
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NewsFox's and Burton's sweat to nail down final merger cash
A £400m merger of Fox’s and Burton’s Biscuits is on a knife edge after funding fell through at the final hurdle
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NewsBooker reports strong third-quarter growth
Booker recorded strong growth in the third quarter, despite a drag from falling tobacco sales…
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NewsMr Sherick's Shakes appoints liquidator amid cost pressures
The ‘super premium’ range of Mr Sherick’s Shakes retailed at the top end of the market (£1.99 for a 250ml bottle)
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NewsNew wholesale regs pushed Interbev Ltd into administration
Fast-growing drinks wholesaler Interbev Ltd was pushed into administration after new HMRC alcohol regulation hit revenues