Finance news – Page 642
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NewsSABMiller confirms ABInBev approach
SABMiller has this morning confirmed that ABInBev intends to make a proposal to acquire the UK-listed brewer
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NewsWorthington beers to be brewed under licence from Molson Coors
Worthington beers are to be brewed under licence from Molson Coors by consultancy Planning Solutions Limited
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NewsCity snapshot: Moody’s downgrades Morrisons
Morrisons recent miserable run has continued as ratings agency Moody’s downgrades the supermarket’s debt following the 35% decline in pre-tax profits reported by the group last week
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NewsMedia Bites 16 September: Tesco, Ocado, Subway, M&S
Tesco is turning up the heat in the battle to win more customers for its challenger bank
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NewsKellogg’s creates African joint venture
Kellogg Company has Kellogg’s has announced a partnership with leading food company Tolaram Africa to develop snacks and breakfast foods for the West African market.
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NewsProfits rise 4% at William Grant despite sales slide
Scottish spirits supplier William Grant & Sons saw annual profits climb by 4% in 2014 despite a 16% reduction in sales due to falling whisky exports and its decision to cut down its distribution of third party brands.
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NewsIan Gilmartin made Barclays corporate retail & wholesale boss
Barclays appoints new head of retail
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NewsOcado tops third quarter sales expectations
Ocado beat consensus sales expectations in its third quarter, growing retail sales by 15.3%
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NewsCity snapshot: Sales rise at Ocado
Ocado has yet again reported double-digit revenue growth – ahead of analyst expectations – with group sales up 17.3% in its third quarter
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NewsMedia Bites 15 September: Labour, Living Wage, Poundworld, William Grant & Sons
The focus on the implications of the new Labour leadership continues following Jeremy Corbyn unveiling his shadow cabinet. Plus new research finds three sectors will suffer most from new Living Wage; Poundworld unveils record tradings; and William Grant & Sons ups profits despite sales plunging 17%.
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NewsPoundworld hails ‘landmark progress’ in record year
Discount chain Poundworld has increased operating profits by almost 130% to £14.6m thanks to a record year of trading as sales jump £77m to £422.3m.
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NewsApplegreen’s revenues boosted by rising food sales
Newly listed Irish forecourt operator Applegreen saw revenues rise by 16% in its first interim results as a listed company, boosted by a 9% rise in like-for-like non-fuel sales.
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NewsAccolade Wines extends into Chile with Viña Anakena
Accolade Wines claims to have become the first company to have a footprint in all major New World wine regions
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NewsChris Welham appointed CEO at Wadworth & Co brewery
Wiltshire brewery Wadworth & Co has appointed Chris Welham, MD of Spirit Pub Company’s Spirit Leased division, as CEO
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NewsSainsbury's and Alibaba link to sell premium lines into China
Five years after a failed attempt to penetrate China, Sainsbury’s has announced that it will work with Alibaba
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NewsCity snapshot: Gross profits up 35% at newly listed Applegreen
Irish forecourt operator Applegreen saw a 35% increase in gross profits in its first interim results as a listed company
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NewsMedia Bites 14 Sep: Tesco, Morrisons, John Lewis
Tesco bosses’ lack of shareholding is “raising eyebrows”, according to weekend reports.
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NewsMondelez looks to grow healthier snacking options
Cadbury owner Mondelez has told investors it plans to shift its focus towards healthier snacks and target more affluent consumers.
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NewsWaitrose carves out strong position in tough price war
In the current grocery market, any gain is a positive
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NewsCity snapshot: Waitrose weekly sales nudge up 1.2%
Fresh from updating the market on its half year results yesterday, Waitrose has reported a 1.2% uplift in ex petrol sales for the week to 5 September.