Finance news – Page 650
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NewsStrong dollar hits Kellogg’s revenues
Kellogg’s has reported a 5.1% fall in second quarter net sales, but insists it is building momentum after a “difficult” 2014.
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NewsTags Crisps bags backing of Dragons
Former Seabrook Crisps MD John Tague has secured a six-figure investment for his snack brand Tags after a pitch on the BBC’s Dragons’ Den. He hopes the backing of Deborah Meaden and Peter Jones will be the key to unlocking the door to a listing in Sainsbury’s.
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NewsMorrisons appoints Claire Grainger to group HR director
Grainger has nearly 25 years of experience in HR and management, mostly in the retail sector with Morrisons
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NewsCity Snapshot: Adnams falls during "long cold spring"
Adnams beer volumes fell 5% in the first half as the rapid evolution of the craft beer market posed a threat to its traditional English bitters
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NewsMedia Bites 4 August: Heineken, Sainsbury’s Bank, Kraft
Heineken’s first-half results show why the Dutch brewer is often highlighted as a takeover target; Sainsbury’s Bank cuts interest rates for Nectar cardholders; Kraft recalls 36,000 cases of individually wrapped cheese slices which pose a choking hazard; and Walmart removes realistic toy guns from its shelves.
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Beer volume growth sends Heineken half year revenues up 2%
Group revenues at Dutch brewer Heineken grew by 2% organically in the first six months of the year on improving beer volumes.
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NewsJerky Group creates ‘house of brands’ with Cruga merger
The Jerky Group has agreed to merge with biltong and meat snacks supplier Cruga to form a combined company with revenues of about £12m.
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NewsCity snapshot: Heineken innovation and premium brands helps sales fizz
Revenues climb 7.2% to €10.93bn at Heineken in its first half thanks to volume, growth, innovation and the premium sector.
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Tyrrells makes first international acquisition with Australia's Yarra Valley Snack Foods
Premium crisp supplier Tyrrells has made its first international acquisition after buying Australian snacks firm Yarra Valley Snack Foods to underpin a growth push in the Asia Pacific region.
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NewsDiageo shares falter following news of SEC inquiry
Diageo endured another tough ride this week, but there was more positive news for Tate & Lyle
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NewsLiving wage increases to hit big four bottom line, warns Moody’s
George Osbourne’s hike of the minimum wage will hit food retailers the hardest with the Big Four UK grocers’ profits coming under particular pressure, according to a new report by Moody’s.
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NewsGreggs eyes growth potential of opening for longer on Sundays
A relaxation of Sunday trading laws could give a further boost to fast-growing Greggs, CEO Roger Whiteside has claimed…
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NewsMoody's leasehold change to benefit European supermarkets
A host of European supermarkets could unlock cash on their balance sheets after receiving a boost from ratings agency Moody’s
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NewsCity snapshot: Consumer confidence falls in July
Consumer confidence slipped back in July on concerns over the UK economy, according to GfK’s latest UK Consumer Confidence Index, Waitrose sales edge up despite the cold weather and all the latest news from the City.
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NewsMedia Bites 31 July: Brakes, Coca-Cola Enterprises, M&S
Brakes Group, the UK’s biggest food distributor, has begun preparing for a stock market listing in London that could see it valued at up to £2.5bn, according to Sky News.
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NewsSecond quarter revenues up 3.2% at Delhaize
Belgian supermarket group Delhaize has reported solid revenue and profit growth in the second quarter.
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NewsBritvic appoints SABMiller South African finance chief as CFO
Britvic has appointed the finance chief of SABMiller’s South African division as CFO to succeed the outgoing John Gibney.
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NewsDiageo profits rise despite sales falling flat again
Profits have poured in at Diageo in its financial year to the end of June – up 8% before tax to £2.9bn. However, organic net sales were flat, while volumes declined by 1% as it struggles in emerging markets continued for a third year.
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NewsM&S to close nine of its stores as part of estate review
M&S is closing the stores because they are considered not to be fit for the future and in the wrong locations to serve its customers.
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NewsMedia Bites 30 July: Supply chains, Sainsbury's, Greggs
The major supermarkets will all have to set out how they are preventing slavery and human trafficking taking place in their supply chains, under rules announced by the UK government.