Finance news – Page 461
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NewsMedia Bites 8 December: Tesco, M&S, Xmas trading, Molson Coors/Aspall
The majority of the grocery coverage in the weekend papers is looking ahead to a busy week of Christmas trading updates, with Tesco expected to be a winner and M&S losing out.
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NewsSeabrook profits jump but sales fall back again in 'extremely challenging' category
The Yorkshire-headquartered brand said the year to 26 March 2017 had been “extremely challenging” as supermarkets rationalised shelf space in the crisps and snacks category as they continued to lose share to the discounters.
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NewsDunbia turnover drops after pork sale
Meat giant Dunbia saw turnover fall by almost £20m in the wake of the sale of its pork division to Cranswick
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NewsBurts Chips eyes £100m in sales as it swoops for Savoury & Sweet
Savoury & Sweet makes products for UK household-name brands and private label ranges for major retailers
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NewsNatural Drinks wins private investment after crowdfund fails
The money, from an unnamed private fund, will help it accelerate the launch of a raft of NPD…
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NewsPoppets owner Raisio sells sweets business to Valeo
The confectionery business includes six production plants in the UK and Czech Republic, as well as the Poppets, Fox’s, XXX, Just and Pedro brands
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NewsOcado shares surge amid international licensing deal rumours
Hopes online grocer Ocado is soon to announce further progress on international expansion drove its shares to their highest
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NewsGrace Foods wins £1m contract to supply aloe vera drink to Aldi in Spain
Caribbean food and drink manufacturer Grace Foods is increasing its international footprint in Europe after agreeing a new contract with Aldi in Spain, supported by a £6m bank funding package.
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NewsCrawshaw shares sink as record Xmas week fails to halt decline
Shares have crashed almost 8% in Crawshaw this morning after the value meat retailer revealed a heavy decline in underlying sales in December, despite a record week leading up to Christmas.
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NewsBrits splash out £36.4m on gin in a week this Christmas
Supermarket sales of the spirit surged 45% as it went ahead of vodka as a festive tipple for the first time
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NewsWilliam Reed acquires Pro-Retail trademark
The publisher of The Grocer bought the trademark from P&H administrators PwC for an undisclosed sum
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NewsMedia Bites 5 January: Aldi, Nisa, Whitbread, Steinhoff, Colman's Mustard, Boots
A stellar Christmas for Aldi gets blanket coverage this morning as the discounter scored another record festive trading period. Plus, a strong Christmas for Nisa, a new chairman for Whitbread and yet more woe for Steinhoff.
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NewsCity snapshot: Food prices jump in run up to Christmas
Food inflation gathered steam in December despite supermarkets investing in price on key lines to win over shoppers during the crucial Christmas period, according to the latest figures from the BRC-Nielsen. Plus, like-for-like sales slump 6.1% at Crawshaw in December as shoppers desert value meat chain.
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NewsNisa reports Christmas sales increase of 17.7%
Nisa is set to be taken over by the Co-op after three quarters of its members voted in favour of a takeover…
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NewsColman’s historic Norwich plant set to close in 2019
The proposal follows a review by Unilever after Britvic announced last year it would cease operations at the shared site
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NewsCook Trading pre-tax profits down by 10%
According to accounts filed at Companies House this week, pre-tax profit fell 10.3% to £2.45m
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NewsFarm subsidies to continue until 2024 pledges Michael Gove
Speaking at the Oxford Farm Conference, the environment secretary promised a less bureaucratic subsidy system after that
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NewsAldi UK sales up by 15% in December as shoppers switch from 'expensive' rivals
A surge in demand for its premium range helped the discounter to a record Christmas period
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NewsCo-op 'doubled sales growth' over Christmas
It had been the group’s “best Christmas ever”, CEO Steve Murrells told colleagues in an internal memo
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NewsMedia Bites 4 January: Poundland, Co-op, Refresco/Cott, Tesco
A new £180m loan agreement for Poundland as it distances itself from embattled South African parent company Steinhoff generates plenty of coverage today. As does a strong Christmas for Co-op and the CMA’s investigation of the Refresco takeover of Cott.