Finance news – Page 609
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NewsAmazon teams up with Morrisons: what the analysts say
Leading City analysts react to news of Morrisons and Amazon’s wholesale supply deal
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NewsMedia Bites 29 Feb: Poundstretcher, PZ Cussons, Sainsbury's, Oppo, Poundworld
Procter & Gamble has filed a High Court action against Poundstretcher accusing the discounter of selling counterfeit Head & Shoulders shampoo and Ariel laundry powder.
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NewsCity snapshot: Morrisons shares soar on Amazon supply deal
The tie-up sent Morrisons shares soaring this morning but was bad news for Ocado, Tesco and Sainsbury’s investors.
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NewsFDF seeks member mandate to run Brexit 'no' campaign
A crunch meeting of the UK’s biggest suppliers on Monday will decide if the Food & Drink Federation has a mandate to campaign against Brexit
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NewsDanone shares rise as it predicts a positive 2016
The group, which has made significant changes in the past 18 months, predicted sales growth would slow slightly next year
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NewsBrakes to be engine for Sysco Euro drive after $3.1bn buyout
Brakes will continue to operate as a standalone outfit within Sysco, led by CEO Ken McMeikan
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NewsTesco staff modelling exercise predicts loss of 39,000 jobs
Tesco is considering drastic reductions to its staffing levels
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NewsBird flu bans set to hike price of poultry
Global chicken prices went into freefall at the end of last year
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NewsCity snapshot: UK consumer confidence plunges in February
GFK finds consumer confidence has dropped markedly year on year
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NewsMedia Bites 26 Feb: British American Tobacco, Diageo, AB InBev
British American Tobacco has appointed a leading City law firm to investigate bribery allegations
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NewsNew Moy Park owner JBS Global sees UK profits fall 46%
The UK-based beef and pork importer JBS Global (UK) saw revenues rise by 5.9% to £157m in the year to 31 December 2015…
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NewsFrozen fruit & veg supplier Newberry gets RBS funds
Newberry supplies frozen fruit & veg to the food manufacturing sector and owns the Smootheelicious brand of smoothie pouch…
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NewsBeer volumes go flat at AB InBev
AB InBev has reported organic revenue growth of 6.3% in its 2015 financial year, despite a 0.6% decline in volumes.
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NewsWar on sugar fuels 5% fall for juice & smoothie sales
Volume sales fell 2.4%, while pressure from the discounters pushed average prices down 2.9%
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NewsCurrencies dampen full year performance at British American Tobacco
Currencies wipe out sales progress at BAT but help Henkel to post double-digit revenue growth
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NewsMedia Bites 25 Feb: UK retail, Unilever, Steinhoff
UK retailers are suffering from a New Year hangover after a strong start to the year, according to this morning’s papers
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NewsRefresco Gerber buys German Pepsi bottling plant
Refresco Gerber reported a 3.2% increase in adjusted EBITDA in the third quarter of last year to €61.6m
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NewsCoffee start-up Pact seeks £1m to fund growth into new markets
Pact will offer top investors a lifetime of free coffee, expert coffee classes and limited edition product in return
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NewsWilson's Kendal Mint Cake maker collapses for second time
Historic Kendal Mint Cake manufacturer Wilson’s has ceased trading with the loss of more than 120 jobs after collapsing into administration for the second time in nine months.
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NewsMcBride shares soar as restructuring plans show progress
Private label household goods manufacturer McBride has upgraded its full-year earnings forecast after seeing progress in its cost-cutting efforts.