Finance news – Page 535
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NewsLily O’Brien’s UK growth pushes group sales to record levels
Irish chocolatier Lily O’Brien’s has posted a record turnover of £27m in 2016 thanks to a growing appetite for its premium offering in the UK.
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NewsCity snapshot: AB InBev's growth slows in fourth quarter
Anheuser-Busch InBev has reported revenues growth of 2.4% in 2016, but sales growth slowed to just 0.2% in the fourth quarter
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NewsMedia Bites 2 March: PespiCo, Boots, Greggs, Premier Foods
“British workers pay price as US firms cut 2,000 jobs” is the lead business headline in The Times this morning as PepsiCo and Boots both announced job cuts.
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NewsYoung’s Seafood on track over Christmas despite “exceptional challenges”
Young’s Seafood CEO Bill Showalter said the frozen fish producer has overcome “exceptional challenges” in the run-up to Christmas to remain on track to hit earnings targets.
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NewsMackie's of Scotland grows sales thanks to new chocolate bar range
Entering the chocolate bar market and a consumer shift towards premium ice cream has helped Mackie’s of Scotland boost sales by 7%.
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NewsAdministrators close nine Food Retailer Group Budgens stores
Food Retailer Group fell into administration on 10 February
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NewsMedia Bites 1 March: Unilever, Kraft Heinz, Greggs, Sainsbury's, BHS
Unilever boss Paul Polman was paid 20% less last year than in 2015, taking home €8.4m, according to the group’s latest annual report.
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NewsCity snapshot: Premier Foods strikes agreement with Hong Kong hedge fund
Activist investor Oasis Management is set to further build its stake in Premier Foods after entering a customary relationship agreement
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NewsGreggs rules out 'shrinkflation' as ingredient costs spiral
Greggs CEO Roger Whiteside has promised its staple sausage rolls won’t be affected by ‘shrinkflation’ as the chain seeks to combat the growing threat of rising ingredient prices.
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NewsNeil Turton made chief operating officer at Co-operatives UK
The COO role is a newly created position and Turton will work closely with secretary general Ed Mayo
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NewsSainsbury's Argos appoints Gary Kibble as marketing director
Gary Kibble will lead marketing of the newly acquired Argos brand
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NewsCity snapshot: Greggs to cut manufacturing jobs as cost pressures mount
Greggs has reported another solid rise in annual sales and profitability, but has announced it will reduce its manufacturing staff base. Plus all the latest news from the City
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NewsMedia Bites 28 Feb: Tesco, ABF, B&M
Tesco is demoting 1,600 managers at its convenience stores and cutting their pay.
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NewsMcColl’s vows to continue convenience acquisitions as store numbers break 1,000
McColl’s plans to continue its acquisitive push in the convenience grocery sector, despite having only received regulatory approval for its buyout of almost 300 Co-op stores in the weeks before Christmas.
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NewsAssociated British Food profits lifted by higher sugar prices
Profits sweetened in the first six months of the year but ABF warns that benefits of the weak pound will fade in second half.
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NewsWild Beer asks the crowd for £1.5m for new brewery
The Wild Beer Company is the latest craft brewer to turn to the crowd to raise cash as it kicks off a £1.5m funding drive later this week.
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NewsCity snapshot: McColl's lays foundations for 'transformational' growth
McColl’s said this morning in its annual results that the foundations for “transformational” growth have been laid as it opened the first of the 300 stores bought from Co-op.
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NewsMedia Bites 27 February: Unilever/Kraft Heinz, Warren Buffett, Tesco/Booker, gin
The fallout from the failed Unilever Kraft-Heinz merger continues to generate headlines as the weekend papers reveal more of the backroom machinations during the brief pursuit.
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NewsUnilever shareholders benefit despite failure of takeover
Unilever shareholders may have missed out on the 18% premium but they have been left sitting on a tidy 12.5% profit
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NewsCity snapshot: Restructuring hits Adelie’s bottom line
Adelie Foods has new owners, after a torrid first 18 months of trading saw private equity firm HIG Capital exit the group after making a £15m opperating loss last year. Plus, Lily’s Kitchen, Unilever/Kraft Heinz and all the latest news from the City.