Finance news – Page 503
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NewsOne Stop franchise chief Andrew King exits Tesco
Andrew King is leaving as part of a wider restructure of Tesco operations, said the retailer
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NewsMedia Bites 31 July: Palmer & Harvey, Booths, Brexit, Scotch whisky
Beleaguered cigarette supply giant Palmer & Harvey has sent out an SOS cash call as a September debt deadline looms; and the family owners of Booths may have to pump more cash into the upmarket northern grocery chain.
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NewsCity snapshot: Tesco delisting hurts Heineken volumes
Heineken has increased first-half sales by 5.7% to €10.5bn (£9.4bn) despite the delisting of its brands by Tesco holding back volume growth.
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NewsBritish American Tobacco reports falling cigarette sales
But profits were up amid post-Brexit currency fluctuations
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NewsAt least five companies bidding to supply McColl's
The convenience chain confirmed it had officially put its two main supply deals out for retender…
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News'Aggressive' Amazon Fresh hunts for more third party sellers
The growing online grocery business has advertised for someone to head up its UK Amazon Fresh Marketplace team…
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NewsM&A activity gains pace as weak sterling spurs bargain hunters
Food & drink deal activity increased substantially in the second quarter
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NewsDiageo's progress receives enthusiastic reception in the City
For some time Diageo has been wrestling with slowing emerging markets growth
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NewsCity snapshot: Carlyle Cardinal Ireland readies Lily O’Brien’s sale
Irish chocolate firm Lily O’Brien’s has been put up for sale by its owner Carlyle Cardinal Ireland. Plus, consumer confidence falls back to post-Brexit lows, what happened on the market’s ‘Super Thursday’ and all the rest of the latest news from the City.
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NewsMedia Bites 28 July: Diageo, Nestlé, P&G, Boots
The world’s biggest drinks company rewarded investors for their patience during the turnaround of the past four years with a £1.5bn share buyback programme, writes The Times.
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NewsIrish chocolatier Lily O'Brien's put up for sale
Irish chocolatier Lily O’Brien’s has been put up for sale by its private equity owner with a price tag of €50m (£45m)…
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NewsMult c-store food to go rakes in extra £36m
Food to go sales rose by 5% across the entire convenience channel
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NewsP&G defies US consumer gloom to post fourth quarter organic growth
Consumer goods giant P&G (PG) has shrugged off the malaise over the US consumer goods sector to report 2% organic sales growth in both its fourth quarter and full-year to 30 June. Following weak organic sales updates in recent days from Kimberly-Clark and Johnson & Johnson, P&G ...
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NewsDanone growth held back by weakness in dairy division
French dairy giant Danone just about stayed in growth in the second quarter and first half of its financial year as it struggled to battle industry challenges in Europe and North America.
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NewsDiageo share price surges on positive full-year results
Diageo’s organic net sales growth hit 4.3%, raising the group’s spirits
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NewsWilko blames 'severe economic headwinds' for profit slump
Like-for-like sales were up 1% in its 2016/17 financial year
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NewsAB InBev credits 'standout' performance to premium beers
The brewing giant posted top-line double-digit growth for Q2, boosted by a strong performance for Bud Light
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NewsThe number of jobs in the industry falls 3.3% on a year ago
The latest BRC Retail Employment Monitor showed reductions in hours worked on both full-time and part-time contracts
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NewsMedia Bites 27 July: Fever-Tree, chlorinated chicken, horsemeat, Marston's
A bumper pay day for Fever-Tree co-founder and CEO Tim Warrillow as shares in the premium mixer brand soared takes up plenty of column inches in today’s papers.
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NewsCity snapshot: Nestlé misses expectations in first half
Sales at Nestlé in the first half failed to meet expectations despite the benefit of a late Easter.