Finance news – Page 505
-
NewsConviviality shares up as results surpass City expectations
Conviviality’s bold transformation from booze retailer to the UK’s largest alcohol wholesaler is paying off for investors
-
NewsKP debuts in popcorn with vow to restore growth to Butterkist
KP Snacks CEO Mark Thorpe is confident of reigniting strong growth at Butterkist
-
NewsUnilever spreads & Dairy Crest combo 'attractive to PE'
Could a private equity-led merger of the Unilever spreads business and Dairy Crest be on the cards later this year?…
-
NewsMedia Bites: Unilever, Premier Foods, Nichols, Rémy Cointreau
A solid first half as Unilever shrugged off the fallout from the rebuffed Kraft Heinz takeover bid and a poor first quarter for Premier Foods come under the media spotlight.
-
NewsCity snapshot: Profits warning at Raisio as weak pound continues to hurt group
Finnish food group Raisio has issued a profits warning as a result of challenges in its UK confectionery business and the weakening of the pound against the euro. Plus, British American Tobacco appoints three Reynolds directors to its board after getting backing for its proposed $49m takeover of its tobacco rival.
-
NewsP&H blames drop in service and availability on the hot summer
Concerned retailers have complained about a lack of availability on key lines, late deliveries and incomplete orders…
-
NewsVimto owner Nichols continues to outperform UK soft drinks market
Vimto owner Nichols has boosted revenues 12.4% to £63.5m in the first half to 30 June as the soft drinks maker continued to outperform the market in the UK.
-
NewsHefty McCormick deal for Schwartz stuns analysts
Schwartz herbs and spices manufacturer McCormick swooped to buy the Reckitt Benckiser food division for a “staggering” $4….
-
NewsGlaxoSmithKline announces plans to sell Horlicks in UK
GSK said it would also sell its MaxiNutrition division, which manufactures the Maximuscle brand
-
NewsAre Brits bored of Bake Off? Ingredient sales slump by £27m
Cherries, raisins and sultanas, baking sugar and cake decorations accounted for the bulk of the decline
-
NewsJo Whitfield confirmed as permanent Co-op Food CEO
Whitfield was with Asda for eight years before joining the Co-op last year
-
NewsIndustry leaders present 10 demands for Brexit talks
Trade bodies warn of “enormous consequences” if ministers fail to achieve desired outcome
-
NewsUnilever boosts long-term strategy as sales grow and margins increase faster than expected
Unilever hailed its long-term growth model this morning as first-half revenues increased 5.5% alongside a substantial step-up in profitability. The group added the preparation for the sale of the non-core spreads business was “well underway”
-
NewsGCA review sees government looking beyond Tacon tenure
Government review found there had been an improvement in the behaviour of supermarkets, and wants to “establish a robust governance and assurance framework for the long term’
-
NewsMedia Bites 20 July: McCormick/Reckitt Benckiser, GlaxoSmithKline/Horlicks, Hotel Chocolat, BAT/Reynolds
News of the $4.2bn McCormick acquisition of Reckitt Benckiser’s food business was the main focus of the papers on a slow day for grocery and retail news. Plus, GlaxoSmithKline unveils plans to sell its Horlicks brand in the UK.
-
NewsCity snapshot: Premier Foods suffers further slump in sales
Premier Foods revealed a difficult start to the year as first quarter sales fell 3.1%, driven by changes to supermarket promotions and less demand for its products in the June heat
-
NewsHotel Chocolat plans 'shop plus café' growth as sales rise
The luxury chocolate brand reported a 12% year-on-year increase in revenue to £104m
-
NewsBristows and Tuckers bonbon maker fails again with 52 redundancies
The future of the Bristows and Tuckers confectionery brands hang in the balance after a failed turnaround bid sent the business under for the second time in less than a year
-
NewsCheese Posties campaign values cheese toastie box business at £1.5m
Cheese toastie subscription box service Cheese Posties is seeking £80,000 in a crowdfunding campaign that values the start-up at more than £1.5m.
-
NewsFood & drink firms urged to enter Queen's Awards for Enterprise
Currently in their 50th year, the awards recognise and celebrate outstanding achievement