Finance news – Page 606
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NewsRevenues and profits soar at Fever-Tree on UK growth
Revenues for the full year to 31 December 2015 were up 71% to £59.3m
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NewsMedia Bites: Sainsbury's/Argos, Dave Lewis, BHS
Sainsbury’s is preparing to raise its £1.3bn bid for Argos as the deadline looms in its takeover shoot-out with a South African furniture giant.
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NewsFDF members dismiss EU stay campaign
The UK’s biggest fmcg suppliers have refused to give a mandate for the Food & Drink Federation to campaign against Brexit
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NewsBeef & lamb exports fell in 2015, reports trade body
Total UK beef exports were down 11% at 100,400 tonnes, while total sheepmeat exports were down at 79,460 tonnes
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NewsThe Grocer Price Index shows record deflation
Plus annual revenues soar at Baxters and the market takes a dim view of Morrisons’ turnaround progress
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NewsMedia Bites 11 March: Morrisons, John Lewis, Home Retail Group
On a busy day for retail, the papers examine annual results from Morrisons, Waitrose owner John Lewis Group and Argos owner Home Retail Group.
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NewsBaxters revenues soar as Wornick deal drives up US sales
Revenues leapt 40% at soup manufacturer Baxters last year after huge US growth saw international revenues outstrip UK sales.
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NewsTesco could attract major third party investment for O2 buyout
Tesco is currently in talks with O2 in a bid to buy its share of Tesco Mobile
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NewsWaitrose operating profits up 4% despite tough conditions
Like-for-like sales at Waitrose fell 1.3% during the last year
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NewsGovernment suffers defeat on Sunday Trading reform
MPs voted 317 to 286 against the proposals to relax Sunday Trading laws
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NewsMedia Bites 10 March: Sunday trading, Hotel Chocolat, BHS
Today’s papers devote plenty of coverage to the defeat to changes in Sunday trading laws
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NewsMorrisons’ underlying profit falls by 27%
Morrisons’ pre tax underlying profit fell by 27% to hit analysts’ expectations of £302m
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NewsCasino’s profits hit by Brazilian economic troubles
Group trading profit at French hypermarket chain dropped by 35% last year as a result of cost inflation in its Brazilian business.
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NewsHotel Chocolat float to value business at £150m
Hotel Chocolat is plotting the first major food and drink IPO on the London Stock Exchange for 15 months, expected to value the luxury chocolatier at about £150m and giving its two founders a shared £40m pay day.
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NewsNew mixed retail discounter GHM! to launch this summer
GHM! is the second retail venture from Andy Bond’s Pepkor UK
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NewsMedia Bites 9 March: Brexit, Tesco, Lindt
Bank of England governor Mark Carney’s warning that a vote to leave the EU would be the “biggest domestic threat” to financial stability has created plenty of headlines. Plus Tesco’s continued recovery amd Lindt’s global ambitions.
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NewsHotel Chocolat to join AIM in £50m flotation
Premium chocolatier is seeking £50m as it reveals plans to float on the LSE junior market
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NewsUS growth underpins sales surge at Divine Chocolate
Fairtrade confectionery manufacturer Divine Chocolate saw a 50%-plus boost to revenues last year as US growth helped make up for losing listings in UK supermarkets.
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NewsBrexit vote will have “momentous significance” for UK food, says FRC report
The authors argue that, if the country decided to leave, food imports will become more expensive
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NewsCo-op, Aldi and Lidl continue to make market share gains
Lidl’s sales grew by 18.9% and Aldi’s by 15.1% in the 12 weeks ending 28 February