Finance news – Page 652
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NewsMedia Bites 27 July: Morrisons, space race, Diageo
Buyers at Morrisons have attempted to secure one-off payments from about 20 suppliers in a potential breach of the GCA, according to The Guardian. Diageo boss Ivan Menezes is expected to play down the SEC investigation into alleged ‘channel stuffing’ in this week’s annual results.
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NewsMash Direct eyes growth in exports
Prepared veg supplier Mash Direct is casting its eyes overseas
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NewsFormer B&M owners sell £408m worth of shares
The Arora family, founders of the B&M Bargains retail chain, and its former private equity owners have sold a further 12% of B&M European Retail for over £400m.
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NewsDanone sales up as it looks to return to growth in dairy
French dairy group Danone has reported “solid and profitable” growth in its first half, with sales up 4.6% in the six months and 4.5% in the second quarter, despite continued volatility in European dairy markets.
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NewsCity News: The earlier Easter hit Premier Foods’ first-quarter revenues
The earlier Easter hit Premier Foods’ first-quarter revenues, but analysts were nevertheless upbeat about trading figures…
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NewsUrban Fresh Foods in talks for growth funds
The fruit snack business has been growing rapidly since it launched almost six years ago
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NewsAG Barr shares slide on “subdued” first half trading
AG Barr has blamed tough comparatives and poor weather for a “subdued” first half of the year.
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NewsHaywood & Padgett sees rise in profits as it looks to expand
Specialist baker Haywood & Padgett is looking to expand its product range and international reach…
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NewsCity Snapshot: Diageo faces scrutiny for artificially boosting sales
Shares in drinks giant Diageo have opened 1.6% down to 1,876p on the London Stock Exchange
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NewsMedia Bites 24 July: Diageo, Amazon, McDonalds, Starbucks
Diageo is reportedly under investigation in the US by the SEC for artificially boosting sales figures
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NewsSABMiller fizzy performance in emerging markets dented by sluggish Europe
Sales at global drinks group SABMiller have risen 3% in its first quarter despite challenging markets in Europe, China and Australia.
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NewsNichols buys Feel Good Drinks
The acquisition, for an undisclosed price, comes two-and-a-half years after Nichols owner MBG took a majority share
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NewsUnilever beats expectations with innovation 'step-up'
Turnover climbed 12% to €27bn (£19bn) and underlying sales achieved 2.9% growth in the second quarter
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NewsSweet treats drive a quarter of progress at Premier Foods
The timing of Easter hit first quarter revenues at Premier Foods, but a 1.6% sales fall beat analysts expectations and have been welcomed as a further sign of progress in the firm’s turnaround.
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NewsBritvic buys Brazilian drinks firm Ebba for £121m
Britvic has this morning announced it has agreed a deal to buy independent Brazilian soft drinks company Ebba in a deal worth £120.8m.
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NewsCity snapshot: First quarter sales slip 1.6% at Premier Foods
First quarter sales have fallen 1.6% at Premier Foods, while first half turnover up 12% at Unilever
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NewsMedia Bites 23 July: Groceries Code Adjudicator, Coca-Cola
The Groceries Code Adjudicator faces “embarrassment” after some of its own invoices may not have been paid on time, writes The Times
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NewsFirst quarter transactions up 6% at PayPoint
PayPoint, the payment services company that has found itself under fire from retailers because of a reduction in commission caps, has announced first-quarter results in line with expectations.
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NewsTate & Lyle raises $400m to finance future growth
UK-listed Tate & Lyle has raised US$400m (£256m) in a private corporate bond placement to refinance existing debt and underpin future growth.
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NewsCoke hikes prices to combat strong dollar
Coca-Cola has increased profits thanks to rising prices in the US and Latin America