Finance news – Page 655
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NewsMedia Bites 13 July: Unilever, Conviviality, Fever Tree
Unilever is reported to have started a search for its next chairman, with Michael Treschow expected to step down.
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NewsCity snapshot: Full-year profits up 4.4% at Conviviality Retail
Conviviality Retail (CVR) has posted a 4.4% rise in pre-tax profits to £9.7m, plus the FTSE is boosted by the new agreement this morning between eurozone leaders and Greece.
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NewsConviviality Retail confirms bid for Matthew Clark
Conviviality Retail has emerged as a front runner in the £200m sale of specialist wine wholesaler Matthew Clark…
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NewsBooker shares down following 'subdued' numbers
Booker has been a standout City performer over the past year, but its shares fell this week
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NewsArla biggest riser in tough year for Global OC&C 50
Danish dairy firm Arla Foods is the biggest riser in The Grocer’s annual ranking of the world’s largest fmcg suppliers…
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NewsGreencore to roll out new IT systems
Greencore is to automate its accounts-payable processes to manage 360,000 invoices a year…
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NewsCoty and P&G shares dip following mega-merger agreement
Shares in beauty giants Coty and Procter & Gamble slipped 4.7% to $30 and 0.4% to $80.66 respectively as investors weighed up the benefits of the $12.5bn deal for P&G’s beauty business.
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NewsCity Snapshot: Waitrose sales soar as sun shines
Sales at Waitrose soared 6% to £132.2m in the 22nd week of its current financial year thanks to “summer sunshine, British sporting heroics and US Independence Day parties”. Plus stevia producer PureCircle appoints two former Pepsi and Coke execs to the board.
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NewsMedia Bites 10 July: Bargain Booze, petrol prices, PepsiCo
Bargain Booze confirms its in the race for wine supplier Matthew Clark, fallout from the living wage announcement, Sainsbury’s and Tesco prices at the pump, PepsiCo beats market expectations and Procter & Gamble has agreed to sell 43 beauty brands to Coty.
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NewsWalgreens Boots beats profit forecasts for third quarter
Global pharmacy and health giant Walgreens Boots Alliance has beaten profit expectations in the third quarter as sales across its divisions grew following the official formation of the larger group.
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NewsProcter & Gamble UK boss Irwin Lee to become Morrisons non-executive director
Morrisons has appointed Procter & Gamble UK boss Irwin Lee as a non-executive director to help turn around the company’s fortunes.
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NewsAssociated British Foods stock climbs as revenues grow
Shares have increased almost 5% at Associated British Foods after the group said revenues were ahead of last year.
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NewsCity Snapshot: Conviviality Retail shares suspended on takeover talk
Conviviality Retail (CVR) has suspended trading in its shares “due to media speculation” it is seeking to acquire UK drinks supplier Matthew Clark
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NewsMedia bites: Budget, living wage, sunday trading
Under-pressure supermarkets and high-street retailers face paying out billions of pounds in extra wages and tax over the next five years after George Osborne’s budget.
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NewsConviviality Retail confirms reverse takeover talks with Matthew Clark
Conviviality Retail has suspended trading in its shares “due to media speculation” it is seeking to acquire UK drinks supplier Matthew Clark.
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NewsBooker shares slide after “subdued” first quarter trading
Shares in Booker fell 3.3% to 160.8p today after the wholesaler revealed a group-wide like-for-like growth of 0.4%
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NewsFever-Tree shares surge on strong first half sales
Premium drinks mixer supplier Fever-Tree’s shares have climbed almost 10% in morning trading after announcing a 61% rise in first half sales.
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NewsCity Snapshot: Nomad Foods seeks more cash for big deals
Nomad Foods has issued a rallying call to institutional investors in a bid to raise more cash for further big deals. Plus shares soar is Fever-Tree as it ups full-year expectations, SABMiller appoints new CFO, Booker reports Q1 figures ahead of AGM and the BRC’s latest shop prices index.
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NewsMedia Bites 8 July: M&S, Sunday trading, Tesco
Investor angst at M&S following reversal in Q1 clothing sales, fallout from George Osborne Sunday trading law plans and KKR rejoin the shortlist of five bidders for Tesco’s South Korean business.
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NewsM&S invests in every day prices in first quarter
Marks & Spencer dipped its toes in the UK supermarket price war during its first quarter in a bid to stay competitive in a challenging sector, according to CEO Mark Bolland.