Finance news – Page 647
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NewsTossed hits fundraising target with support from Andy Murray
Food-to-go retailer Tossed has smashed its fundraising target of £750,000 on crowdfunding platform Seedrs with help from tennis world number two Andy Murray.
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NewsImperial Tobacco volumes and revenues dip in first nine months
Imperial Tobacco, manufacturer of major tobacco brands, including JPS, Lambert & Butler and Golden Virginia, has reported tobacco net revenue down 4% to £4.4bn in the nine months to the end of June.
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NewsCarlsberg's reported profits tumble 12% amid warning
The brewer’s beer volumes sold in Eastern Europe fell by 18%, which resulted in a 5% fall worldwide
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NewsCity Snapshot: Profit warning at Carlsberg as Europe proves tough for new CEO
Carlsberg’s new CEO has issued a profit warning in his first set of results this morning thanks to market decline
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NewsMedia Bites 19 August: M Local, M&S, Asda
Convenience veteran Mike Greene has emerged as the frontman for investment firm Greybull’s bid to takeover M Local; more boardroom upheavel at M&S and Asda’s woes make the papers today.
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NewsYogiyo Korean sauce wins Sainsbury's listing & Dragon backing
The Birmingham-based business will roll out its three sauces to 450 Sainsbury’s stores from October
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NewsAsda suffers 4.7% second quarter sales slump
Asda’s second quarter like-for-like sales have plunged by 4.7%, declining further from the 3.9% drop it experienced in the first quarter.
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NewsEmmi upgrades earnings forecast after beating first half expectations
Swiss food group Emmi beat revenue expectations in the first half of 2015 despite sales slipping 3.8% to CHF1.56bn.
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NewsCity snapshot: McColl's refinance £100m bank facilities
C-store operator McColl’s Retail Group has refinanced its £100m funding arrangements with four banks despite its existing facilities still having three more years to run.
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NewsMedia Bites 18 August: Amazon, dairy crisis, Cargill
The papers are dominated by the fallout from a report published by the New York Times over the weekend into Amazon’s working conditions and practices.
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NewsFerrero completes £112m Thorntons acqusition
Italian chocolate group Ferrero has today completed its acquisition of Thorntons following regulatory approval.
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NewsCargill nets salmon feed supplier for €1.35bn
US multinational Cargill has waded further into the rapidly growing market for fish and shrimp with the €1.35bn (£958m) acquisition of salmon feed supplier Ewos.
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NewsCaféPod completes £1.35m funding round
UK coffee pod supplier CaféPod has completed a fundraising drive worth £1.35m and announced former Diageo European president Andrew Morgan will join its board after making a major investment.
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NewsMorrisons reported to be on verge of M Local sale
The sale would see Greybull Capital take control of roughly 150 convenience stores
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NewsParfetts makes senior appointments in board shake-up
Andy Whitworth has been promoted to the newly created position of operations director
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NewsCity snapshot: Morrisons in M Local sale talks
Morrisons is in exclusive talks with investment firm Greybull Capital over the sale of its M Local convenience store chain
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NewsMedia Bites 17 Aug: Morrisons, price war, BRC footfall
Many of the papers have the story that Morrisons is locked in advanced talks with investment firm Greybull Capital over the sale of its convenience stores.
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NewsNestlé shrugs off troubles to beat second-quarter predictions
Nestlé shrugged off any lingering concerns over the impact of its Maggi noodles health scare in India…
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NewsDairy Crest/Unilever spreads synergy potential eyed by City
A green light for Müller’s proposed purchase of Dairy Crest’s liquid milk division could trigger fresh consolidation
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NewsYoung's Seafood sale on again as Findus negotiates with Nomad
Nomad Foods’ £500m takeover of the European arm of Findus Group will re-open the sale of the remaining UK business…