Finance news – Page 520
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NewsCoca-Cola Hellenic boosted by growth in emerging markets
Coca-Cola is flatlining, but European bottler Coca-Cola Hellenic continued its run of effervescent results. Plus, the share price movements of Refresco and Premier Foods.
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NewsPremier Foods renews £60m-sales Cadbury licence with Mondelez
Premier Foods has avoided the “unmitigated disaster” of losing its lucrative Cadbury licence
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NewsTayto paid £35k for Portlebay popcorn, administrator reveals
Northern Irish crisps maker Tayto picked up premium popcorn brand Portlebay for just £35,000 in a pre-pack deal
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NewsMorrisons boss receives 24% pay boost and increased share incentives
Morrisons CEO David Potts saw his pay package jump by 24% last year and could be in line for a further pay boost in future years under newly proposed share reward plans
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NewsMedia Bites 12 May: Aldi, Morrisons, Deliveroo, EU fishing policy
The Guardian has published a story based on The Grocer’s exclusive interview with Aldi CEO Matthew Barnes. Plus, a bumper pay rise for Morrisons CEO David Potts; and Deliveroo bows to pressure to change contracts for UK couriers.
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NewsCity snapshot: Inflation eases back as supermarkets continue price battle
Inflation eased in April as the big four supermarkets continued to battle the discounters and keep prices low, the lastest Grocer Price Index data suggests. Plus, an exclusive interview with Aldi CEO Matthew Barnes; the latest annual BDO food and drink report; and Eagle Eye wins a three-year contract with John Lewis.
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NewsSimplee Aloe to boost category awareness with £1m funding
Drinks startup Simplee Aloe has secured almost £1m in venture capital funding
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NewsKerrygold sales boom boosts revenues at Ornua
The Irish butter brand topped €900m in global sales, with the US reporting 20% volume growth
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NewsSeven months after #Marmitegate, Tesco finally puts price up
Tesco has hiked the price of Marmite seven months after its public refusal to bow to brand owner Unilever’s demands
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NewsAldi: 'massive opportunity' to quadruple store numbers
Aldi believes it could almost quadruple its UK store estate to 2,600 stores
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NewsDiageo hit by £107m diverted profits tax bill
The taxman has demanded £107m from the drinks giant for the financial years ending 30 June 2015 and 30 June 2016
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NewsInflation drops as big four strive to contain cost hikes
The big four are still trying to limit the extent to which they are passing on higher costs to consumers, data indicates
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NewsPepsiCo confirms it will close Walkers plant in Peterlee
The announcement comes two months after the fmcg giant said it was considering the “crucial” cost-saving move
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NewsCity snapshot: Coca-Cola HBC revenues up 5.2% in first quarter
European Coke bottler Coca-Cola HBC saw revenues rise 5.2% at constant exchange rates in the first quarter driven by higher prices in emerging markets. Plus, strong first quarter sales growth at Refresco and Henkel, Diageo fights £107m tax demand and all the rest of the latest news from the City.
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NewsMedia Bites 11 May: Diageo, Aldi, Pret A Manger, Just Eat
Diageo, the drinks company behind Johnnie Walker, Smirnoff and Guinness, is to pay HMRC £107m under the “Google tax” crackdown aimed at multinationals.
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NewsMars Petcare UK promotes Deri Watkins to managing director
Watkins has taken over from Damian Guha, who has moved to a global role
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NewsJust Eat faces CMA in-depth inquiry into £200m Hungryhouse takeover
The CMA is worried that the loss of competition from the combination of the two companies could lead to worse terms for restuarants who use either of the takeaway services
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NewsWeak pound hits first quarter sales at Raisio
Finnish food group Raisio has announced an 18.9% fall in first quarter revenues as the weak pound hit sales of Benecol and its confectionery products in the UK.
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News58 food and drink firms named in LSE’s 1000 Companies to Inspire Britain report
A total of 58 food and drinks companies have been named in the London Stock Exchange’s list of 100 Companies to Inspire Britain
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NewsMedia Bites 10 May: John Lewis, Coca-Cola, BRC retail sales
John Lewis created plenty of headlines this morning after it admitted to potentially breaking minimum wage rules.