Finance news – Page 663
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NewsCity snapshot: Profits plunge by 30% at Tate & Lyle
Full-year profits and earnings have tumbled at sucralose producer Tate & Lyle after a “very challenging” year, revenues up almost 30% at B&M Bargains, Imperial Tobacco one of the FTSE’s biggest risers and the rest of the news from the City.
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NewsMedia bites 28 May: Tesco, Aldi, Imperial Tobacco
Tesco’s nightmare year has wiped $5bn off the value of its brand, new research has found
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NewsJigsaw Foods pieces together bank funding deal to fuel US growth
Sauce manufacturer Jigsaw Foods has secured a £4m bank funding package to help with the expansion of the business at home and abroad.
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NewsSales down by 1.1% at AG Barr in new financial year
Irn-Bru maker AG Barr has revealed a 1.1% dip in sales for the first 15 weeks of its new financial year.
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NewsFamily incomes up 10%, Asda report claims
In April, the average UK household had £187 a week of discretionary income, giving them an extra £17 to spend compared to a year ago
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City Snapshot: Sales slip at AG Barr
Revenues at Irn-Bru maker AG Barr have fallen 1.1% so far this year as the soft drinks group’s performance returned to more normal sales phasing compared with the strong first-half in 2014.
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NewsIglo's European sales up in Q1 but UK market remains tough
Newly acquired frozen foods business Iglo Group has reported a 2.3% slide in like-for-like sales in the first quarter.
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NewsRobust growth for grocers but challenges remain – CBI
Food retailers reported “robust” growth in sales volumes in the year to May, according to the CBI’s latest quarterly survey.
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NewsCity Snapshot: Sales and EBITDA climb in Q2 for Findus
Frozen giant Findus Group has released an update for its second quarter, with sales up 2% and EBITDA climbing 17% on a year ago.
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NewsMedia Bites 26 May: High street, M&S, Suntory, Costcutter
It’s a slow start to the week following the long bank holiday weekend with little in the way of grocery news in the papers.
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NewsFrozen food retailer Farmfoods plans England store surge
London and the South of England is growing territory for the retailer, which currently has more than 300 shops nationwide
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NewsPremier Foods' Gavin Darby hails return of volume growth
Premier Foods CEO Gavin Darby has hailed the return of volume growth at the supermarkets as a turning point…
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NewsKarro bags £74m package to aid next stage of expansion
Pork supplier Karro Food Group has secured a £74m funding package to support UK and international expansion.
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NewsCharles Wilson on Booker deal - 'The Budgens and Londis supply chain is underutilised'
The deal, if approved by the Competition & Markets Authority, will create a symbol group with 4,907 stores
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NewsReckitt Benckiser K-Y Jelly deal leads to more friction with competition watchdog
Durex owner Reckitt Benckiser’s attempt to acquire the K-Y Jelly brand is to come under more intense scrutiny from the UK’s deal watchdog as a result of concerns over higher prices for shoppers.
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NewsCity snapshot: Waitrose sales edge up as customers shift to summer products
Total sales edged up by just 0.1% at Waitrose in the week to 16 May, the CMA raises more concerns over Reckitt Benckiser’s takeover of KY and all the rest of the news from the City.
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NewsMedia bites 22 May: Booker, Tesco, SSP
Booker is “going head-to-head with the discounters and the Big Four grocers” after buying Budgens and Londis.
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NewsDairy Crest innovation centre on track
Company says new facility, located on the agrifood university’s campus in Shropshire, will give it increased access to food and farming research
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NewsDave Lewis could make over £6.5m a year from pay deal
The total, which is dependent on performance, would be over five times his annual salary
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NewsMedia Bites 21 May: Marks & Spencer, Premier Foods, Greencore
The papers are predictably dominated by Marks & Spencer’s return to annual profit growth yesterday, with chief executive Mark Bolland’s position suddenly looking more secure