Finance news – Page 574
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NewsSnaffling Pig snacks brand secures £70k from Dragons’ Den
Dragon Nick Jenkins negotiated a 20% share in the business
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NewsRefresco volumes hit by bad weather and private label challenges
Refresco has warned that volumes will be below full-year expectations as poor summer weather and challenges in the private label business affected the European soft drinks bottler.
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NewsBakkavor reports strong revenue group in UK and overseas
Food group Bakkavor increased revenues 3.2% to £438.7m in the second quarter as it grew business with the supermarkets in the UK and the overseas business continued to soar.
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NewsJBS move to Ireland set to shake up UK and EU meat sector
The planned relocation of Brazilian meat giant JBS to Ireland could stir up the UK meat and poultry sectors and drive further investment by JBS across Europe.
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NewsActivist investor forces Steinhoff to increase Poundland offer
Steinhoff has upped its offer for Poundland by 5p to 225p a share following pressure from activist investors.
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NewsMedia Bites 11 August: Stock Spirits, Brexit, cashew nut prices, Sainsbury's
A new boss at Stock Spirits and the start of a turnaround in Poland picked up plenty of coverage this morning. The favourite brands of remain and leave voters are revealed; cashew prices soar; and Sainsbury’s apologises for treatment of gay men in a London store.
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NewsCity snapshot: Profits fizz at Coca-Cola European bottler but currency holds back sales
Coca-Cola HBC increased sales in the first half to expand margins and push up profits but unseasonable weather affected volumes
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NewsStock Spirits new CEO focused on Poland turnaround but deals still on the table
The new CEO at Stock Spirits has reaffirmed the European drinks group’s M&A strategy despite the past disagreements with major shareholders.
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NewsLily’s Kitchen appoints Chris Lock as marketing director
His arrival follows that of new product director Emma Wrigley
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NewsSoft drinks won't be hit by 20% sugar reduction target, campaigners claim
Government hopes sugar levy will drive reformulation in soft drinks rather than specific targets
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NewsHot weather promises to send food sales soaring by 10%, says Co-op
A new report concludes food sales could soar by £290m a week with a few days of sizzling temperatures
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NewsMedia Bites 10 August: Ocado, Morrisons, e-cigs
Ocado and Morrisons announcing a renewed agreement, tweaked from the original signed back in 2013, gave the paper plenty to chew over this morning.
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NewsCity snapshot: Stock Spirits appoints new CEO as turnaround starts to take shape
Stocks Spirits Group has appointed a new CEO as it seeks to put its boardroom troubles behind it. It comes as the London-listed business posted improved results in the first half.
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NewsBells Food Group doubles pastry capacity with first phase of £3.6m investment
The investment in new equipment allows Bells to compete for the first time for high volume, commercial pastry contracts.
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NewsFudge's kick-starts growth with expansion to savoury line-up
NPDs are the first since the business was taken over in April
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NewsPremier Estates Wine buys new HQ with bank funding
Premier Estates Wine has purchased a new head office in Birmingham’s Jewellery Quarter after receiving a bank funding package worth more than £1.5m.
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NewsKellogg’s cereal hub snapped up for £23.5m
Real estate investment trust Tritax Big Box has purchased a huge Kellogg’s distribution hub in Manchester for £23.5m
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NewsOcado to deliver Morrisons store picking in renegotiated deal
Morrisons has agreed to take 30% of the capacity in Ocado’s new customer fulfilment centre in Erith
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NewsMedia Bites 9 August: Tyrrells, Walmart
Two big US deals are the focus in today’s papers in terms of retail news as Tyrrells is sold to Amplify Snacks and Walmart buys Jet.com.
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NewsSun shines on retailers in July despite Brexit uncertainty
Food retailers brushed off uncertainty created by the EU referendum result as a July heatwave boosted sales.