Finance news – Page 549
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NewsMedia Bites 19 Dec: Lidl, Tesco, British American Tobacco, Christmas shopping
Lidl is to create 5,000 jobs in London and invest £70m in a new UK headquarters in the capital as the German supermarket reaffirms its commitment to Britain following Brexit, writes The Telegraph.
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NewsCity News: Market worries over Tesco sales slowdown
Tesco once more looked like the clear winner amongst the big four from this week’s grocery market share data, but the City had other ideas.
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NewsUnilever acquires haircare business Living Proof
Unilever has announced it has agreed to acquire science-based haircare business Living Proof for an undisclosed sum.
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NewsProfits plunge at Tesco data arm Dunnhumby
Operating profits dropped by more than 80% at Tesco data arm Dunnhumby in the year that the supermarket failed to strike a deal to sell-off the business.
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NewsJust Eat to swallow rival Hungryhouse in £200m deal
An extra £40m could be added to the sum depending on delivery service’s performance
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NewsFirst Milk back in the black after focusing on its core strengths
CEO Mike Gallacher said the “scale of our transformation has been delivered by focusing on the big things”
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NewsYorkshire Poultry Products rescue deal saves 126 jobs
More than 120 jobs have been saved at a halal poultry processor after administrators at KPMG struck a rescue deal.
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NewsUS food and drink industry wary of UK future
The uncertainty of future trade arrangements with the EU is weighing more heavily on the US food and drink sector than any other, a report has found this week.
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NewsUK food and drink makers must push harder into China - Leadsom
UK food and drinks suppliers should be doing more to trade with China as the UK gets set to begin the process of exiting the EU, Defra secretary told an export forum
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NewsBeam Suntory acquires Sipsmith Gin ahead of global push for London craft brand
The maker of Jim Beam and Maker’s Mark has “ambitious” export plans for the brand
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NewsMedia Bites 16 December: Tesco, Heineken, Nestle, Rivington Biscuits, Just Eat
The Serious Fraud Office has told Tesco former group commercial director Kevin Grace that he will not face charges in its probe over a £326m hole in the UK retailer’s accounts. Plus, Heineken strikes a £400m deal for pub group Punch Taverns and Nestlé loses its EU trademark battle.
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NewsCity snapshot: Leadsom in China rallying cry to UK food and drink suppliers
UK food and drinks suppliers should be doing more to trade with China as the UK gets set to begin the process of exiting the EU, Defra secretary has told an export forum this week.
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NewsSimple Simon pulled out of administration by DDC
The owner of Simple Simon Foods has reacquired the business out of administration
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NewsRoz Cuschieri made chairman of snack startup Emily Crisps
Her appointment follows last month’s sale by the brand of a ‘significant’ minority stake
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NewsJames Quincey to step up into Coca-Cola CEO role
The Cola-Cola Company has announced Brit James Quincey will be its new CEO…
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NewsGerry Murphy to succeed Peter Gershon as Tate & Lyle chairman
New chair has racked up nearly 40 years of experience in firms including Kingfisher and Diageo
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News2 Sisters prepares for tough 2017 as inflation takes hold
CEO Ranjit Singh warns of post-Brexit uncertainty as group reports strong set of Q1 figures
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NewsPink Panther wafer supplier Rivington Biscuits fails as Brexit bites
The own-label biscuit supplier behind the Pink Panther branded wafers has collapsed, with the loss of 99 jobs
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NewsCity snapshot: PZ Cussons remains confident despite Nigerian currency woes
PZ Cussons says its first half is in line with expectations despite a 40% currency devaluation in its key Nigerian market
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NewsMedia Bites 15 Dec: Heineken, Argos, Amazon
The news that Dutch brewing giant Heineken could drastically increase its presence in the UK pub sector by buying up Punch Taverns is heavily covered in this morning’s papers.