Finance news – Page 572
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NewsCity snapshot: Supermarket deflation eases again
The deflation that has gripped grocery since 2014 has eased for the second consecutive month after the Brexit vote
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NewsMedia Bites 22 August: SABMiller, Deflation, M&S, Argos
The High Court will decide today whether the brewing giant SAB Miller can hold two shareholder votes on its £79bn takeover — in an unusual move that would increase the odds of the deal collapsing.
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NewsPost-Brexit fall in sterling counters deflationary trend
The deflation that has gripped grocery since 2014 has eased for the second consecutive month after the Brexit vote.
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NewsNestlé growth slows but market backs it for second half
Troubles in China, deflation in Western markets and soft commodity prices ate into Nestlé’s first-half growth this week
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NewsVision considers sale of Addo Food Group following £30m spend
Addo Food Group, formerly known as Pork Farms, has been the target of detailed takeover talks with private equity firms
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NewsCity snapshot: Propercorn poised for private equity cash injection
Propercorn is close to signing a deal with private equity firm Piper for a minority stake valuing the fast-growing popcorn brand at up to £25m. Plus Birds Eye sales fall again as Nomad begins turnaround and all the rest of the latest news from the City.
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NewsMedia Bites 19 Aug: Asda/Walmart, Nestlé, UK retail sales
Asda’s catastrophic 7.5% like-for-like quarterly sales slump is unsurprisingly the major focus on this morning’s business pages.
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NewsBirds Eye says tough conditions will persist as sales dive again
The decline in sales at Birds Eye has accelerated with another £31m wiped off the top line in the challenging frozen market created by the supermarket price war.
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NewsPropercorn set to seal Piper minority stake deal
Propercorn is close to signing a deal with private equity firm Piper for a minority stake valuing the fast-growing popcorn brand at up to £25m.
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NewsCMA gives provisional green light to Hain’s Orchard fruit juice deal
The Competition and Markets Authority has accepted the concessions made by US food group Hain Celestial to buy UK fruit juice player Orchard House Foods.
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NewsWalmart shrugs off Asda woes to post second quarter sales growth
Walmart’s shares rose 2.5% in early trading to $74.75 after sales growth in its home market helped it record a second quarter constant currency sales rise of 2.8% to US$123.6bn.
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NewsAsda suffers sharpest quarterly sales decline in history
The retailer has now suffered eight consecutive quarterly declines in sales
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NewsCity snapshot: Nestlé reports first half organic growth of 3.5%
Nestlé (NESN) has undershot analyst expectations by reporting first half organic sales growth of 3.5% to CHF43.2bn, plus full year results from Treasury Wine Estates and all the rest of today’s news from the City.
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NewsMedia Bites 18 August: Carlsberg, Obesity strategy, Consumer confidence
Carlsberg lost market share in Britain in the first half of the year after Tesco delisted the Danish brewer’s core lagers from thousands of its supermarkets.
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NewsSoft drinks levy and school sport at heart of government's childhood obesity strategy
Money raised from the sugar levy will be invested in programmes to reduce obesity and encourage physical activity
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NewsGlanbia shrugs off dairy market struggles
Glanbia has reported a “strong” first-half performance driven by its performance nutrition division despite the ”challenging” dairy market.
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NewsSweet producer Maxilin Crawford buys rival Tilley’s Sweets
Liquorice sweets and lollipop supplier Maxilin Crawford has snapped up rival sweets manfucaterer Tilley’s Sweets for an undisclosed sum to more than triple its manufacturing capabilties.
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NewsMedia Bites 17 August: Inflation, Morrisons, Unilever
The first economic data post-Brexit gets plenty of coverage in this morning’s papers, with the spotlight also on Morrisons sale of its stake in Fresh Direct.
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NewsCity snapshot: Carlsberg sales improve but UK still flat
Carlsberg has increased organic sales 4% to DKK 31.2bn (£3.6bn) in the first half despite volumes declining and the UK market still proving tough
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NewsMorrisons sells 10% stake in Fresh Direct back to US grocer for £45m
Morrisons took the stake in 2011 when it was exploring options for launching an online grocery offer