Finance news – Page 667
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NewsJustin King the latest to face Egyptian prosecution
The former Sainsbury’s CEO was convicted last year, claims the Times, and although the conviction was overturned it is understood the Egyptians are appealing the acquittal
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NewsMedia bites 30 April: Morrisons, British American Tobacco, Napier Brown
Morrisons is to reintroduce staffed express checkouts in stores this week, while British American Tobacco may have to increase its offer for its Brazilian subsidiary.
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NewsCity snapshot: Consumer confidence at decade-long high
Consumer confidence remains at its highest level in a decade as we head into the final stages of the general election campaign
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NewsReal Good Food to sell Napier Brown sugar business for £34m
AIM-listed Real Good Food has agreed to sell Napier Brown to Tereos Group for £34m.
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NewsNichols builds out of home presence with Noisy Drinks acquisition
Vimto owner Nichols PLC has acquired a 49% equity stake The Noisy Drinks Co. to enable it to grow its presence in the out of home market across the UK and Europe.
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NewsGreggs share price soars after sales uplift
Shore Capital analysts Darren Shirley and Clive Black reiterated a “buy” rating on the stock
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NewsNorbert Dentressangle bought up by XPO to create distribution giant
Norbert, a leading global provider of contract logistics, is a major supplier to the UK food and drink sector and has customers including Asda, Morrisons, Sainsbury’s and Tesco
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NewsMedia bites: Mike Coupe's Egyptian conviction, Walmart, Reckitt Benckiser
The major story this morning is The Times’ scoop that Sainsbury’s boss Mike Coupe has been sentenced to two years in jail by an Egyptian court.
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NewsCity snapshot: Greggs scraps shares buyback for special dividend
Greggs scraps share buyback scheme despite strong trading, Sainsbury’s fights Mike Coupe Egypt conviction, Thorntons’ sales slump and all the rest of the news from The City
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NewsDivine Chocolate merges its UK and US businesses
Divine Chocolate, the farmer-owned chocolate company, has merged its UK and USA businesses.
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NewsDalton Philips gets £4m pay package on Morrisons exit
Former Morrisons CEO Dalton Philips received a £1m annual bonus payment in the supermarket’s last financial year despite escalating losses and plunging sales during the period.
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NewsCity Snapshot: Former Morrisons boss takes home £2.1m in final 12 months
Sacked Morrisons CEO Dalton Philips was given a total pay package of £2.1m last year, which included a £1m annual bonus. Plus East of England Co-op reports full-year results and Divine Chocolate merges UK and US businesses.
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NewsMedia Bites 28: Morrisons, Brew Dog, Diageo
Morrisons annual report reveals Dalton payout, BrewDog admits mistakes in crowdfunding documents, Diageo faces tussle with India’s ‘king of bling’, and China overtakes France in terms of hectares of lands devoted to vineyards.
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NewsTesco unveils new bonus scheme in 'Turnaround' plan
Tesco staff are to get rewards of up to 5% of their annual income if they help CEO Dave Lewis meet his targets for recovery
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NewsElio Leoni Sceti leaves Iglo CEO role for Coty
Elio Leoni Sceti, CEO of Birds Eye owner Iglo Group, is to join beauty company Coty as chief executive…
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NewsCity Snapshot: United Spirits dispute leaves Diageo with a hangover
An emergency meeting by the board of United Spirits has given the Indian drinks company’s biggest shareholder Diageo a headache today.
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NewsMedia Bites 27: Supermarkets, Tesco, Co-op
City analysts predict more profits pain for the listed supermarkets, Co-op chairman Allan Leighton readies himself for society’s AGM and GCA to hold surgeries to encourage more suppliers to come forward.
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NewsNew Birds Eye owner has 'ambitious' plans, says Nomad source
The firm sees grocery as ripe for consolidation and will be “nimble and opportunistic” in building on its anchor investment in the iconic frozen food company, sources close to Nomad told The Grocer this week
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NewsAshbury Chocolates collapse leaves creditors out of pocket
Creditors look set to lose a significant chunk of the £14.1m they are owed from the administration of Ashbury Chocolates…
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NewsABF: Kingsmill loaves lost from Tesco have already been replaced
FD John Bason said the Allied Bakeries subsidiary had already replaced the lost business