Finance news – Page 629
-
NewsUK only major European fmcg market in decline, reports Nielsen
Supermarket price war makes UK the ‘one big blip’ in growing European fmcg market
-
NewsHKS Holdings adds 23 forecourt sites with deal for Brobot Group
HKS Holdings completes deal to buy 23 forecourt sites…
-
NewsMajestic Wine eyes £500m sales in three-year turnaround
Majestic Wine CEO Rowan Gormley is targeting sales of more than £500m by 2019 as the business embarks on a three-year turnaround plan.
-
NewsGlanbia snaps up ThinkThin for $217m
Irish nutrition group Glanbia has agreed to acquire a US protein bar producer for $217m.
-
NewsMedia Bites 16 November: Big four, Aldi, Lidl, B&M, Poundland
The big four supermarkets are being “taxed to oblivion”; Aldi and Lidl are planning to open five times as many stores as their traditional rivals; and B&M and Poundland to report first-half results.
-
NewsCity snapshot: Majestic Wine warns on profits as it launches “transformational” plan
Majestic Wine has issued a profits warning alongside a new three-year transformation plan for the business
-
NewsWincanton in Morrisons talks as profits slide in first half
Wincanton hopes to thrash out its future involvement with Morrisons following the supermarket’s sale of M Local to Mike Greene.
-
NewsSainsbury's fall in profits illustrates severity of the task
The green shoots didn’t last long for Sainsbury’s as shares slump 7% after profits falter.
-
NewsUK food and drink M&A set to hit its highest level since 2007
UK food and drink M&A is set to hit its highest level since 2007 after another hike in deals in the third quarter
-
NewsSainsbury's pledges to continue price-cutting strategy
Sainsbury’s is doubling down on its strategy to invest in price and cut promotions
-
NewsCity Snapshot: Supermarket deflation back towards record highs
The Grocer Price Index shows deflation is ractcheting upwards again to move back towards the record high recorded in March, meat producer Stoddarts bought by a group of investors and all the rest of today’s news from the City.
-
NewsMedia Bites 13 Nov: SABMiller, Morrisons, Tesco
SABMiller’s first half result announcement yesterday is the major topic for the papers this morning.
-
NewsScottish beef processor Stoddarts sold to private investors
Scottish beef processor Stoddarts has been sold by owner Neil Stoddart to a group of private investors.
-
NewsConviviality expands reach into events with Peppermint deal
Conviviality is to acquire a majority stake a bar and events company operating at festivals and sporting events as sales soar 38% in first half thanks to Matthew Clark deal.
-
NewsCity Snapshot: Exchange rates cause double-digit profit and revenue drop at SABMiller
SABMiller has suffered a 12% drop in revenues in the six months to 30 September
-
NewsMedia Bites 12 Nov: Sainsbury's, SABMiller/InBev, Carlsberg
Two stories dominate the press this morning – Sainsbury’s profits plunge and SABMiller agreeing a price for its buyout by AB InBev.
-
NewsSainsbury's results: what the analysts say
Sainsbury’s has reported a 17.9% slump in underlying interim pre-tax profit, the worst half-year profit for years
-
NewsCarlsberg restructures UK business as group makes Q3 losses
Carlsberg has begun restructuring its UK business in response to its “deteriorating” performance and September’s Tesco delisting
-
NewsSainsbury’s underlying interim profit plunges 18%
Although the worst half-year profit for years, trading was better than the City expected
-
NewsAB InBev agrees terms of £71bn SABMiller takeover
AB InBev has today reached an agreement to acquire SABMiller for £71bn, after the board of the smaller company accepted an offer worth £44 a share.