Finance news – Page 671
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NewsPoundland’s 99p acquisition faces in-depth monopolies probe
Poundland’s takeover of the 99p Stores chain will be referred for an in-depth investigation “unless acceptable undertakings are offered”, the Competition and Markets Authority has confirmed today.
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NewsMedia bites 9 April: Aldi, Waitrose, Starbucks
This morning’s retail news is dominating by Kantar Worldpanel’s figures yesterday suggesting that Aldi has now overtaken Waitrose as the nation’s sixth largest grocer.
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NewsCity snapshot: Disposals boost Co-op's profits
The Co-op Group has turned a £255m loss in 2013 into a profit of £124m last year despite a fall in group revenues, Cranswick sees volume growth, PZ Cussons trading update and all the rest of the moves and news from the City.
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NewsCaterway shuts its doors following collapse in trading
Wholesaler Caterway has ceased trading after attempts to secure the external investment it needed to survive failed.
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NewsAldi overtakes Waitrose to become Britain's sixth biggest supermarket
Aldi, Lidl and Waitrose only retailers to increase market share, Sainsbury’s back in growth
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NewsMedia bites 8 April: Organic food sales, shop prices, tobacco lobbying
Organic food sellers have notched up fruitful growth as economy recovers, according to The Telegraph.
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NewsCity snapshot: Shop prices fall to new lows
High street prices are falling at the fastest rate for a decade, according to the BRC-Nielsen Shop Price Index published this morning, plus all the latest share price moves and news from the City.
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NewsPartner in Pet Food in €315m private equity buyout
European private equity firm Pamplona Capital Management has acquired Hungary’s Partner in Pet Food for €315m (£230m).
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NewsStandard & Poor’s upgrades Bakkavor following refinancing
Credit ratings agency Standard & Poor’s has upgraded the corporate rating of Bakkavor by one notch due to its “resilient performance despite challenging conditions”.
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NewsCity Snapshot: 2015 economic outlook is "encouraging", says CBI
Economic growth held steady in the UK during the first quarter and is expected to gather momentum over the next three months
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NewsMedia Bites 7 April: Kellogg's, display ban, EU milk quotas, Cadbury
Kellogg’s has complaints that a campaign to tackle tax avoidance will hurt profits, dairy farmers get ready for the end of EU milk quotas, and Cadbury hit with Indian tax claim.
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NewsYoung’s Seafood boss insists it's business as usual despite sale rumours
In an exclusive interview with The Grocer, Young’s Seafood boss Pete Ward has insisted it’s business as usual at despite sale rumours and tough market conditions for frozen foods.
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NewsTate and Lyle reassures the market ahead of full year results
Sucralose producer Tate & Lyle has seen its stock rise 2.3% so far today to 622p on the back of a pre-close trading update for the fourth quarter.
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News
Diageo takes control of South Africa’s United National Breweries
FTSE 100 drinks firm Diageo has agreed a deal to acquire the remaining 50% of its South African joint venture United National Breweries.
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NewsM&S shares soar as food sales grow and clothing turns a corner
Shares in Marks & Spencer have shot up to a new seven-year high as the group revealed it performed ahead of the grocery market in the fourth quarter and reversed 14 straight quarters of declining fashion sales.
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NewsReal Good Food profit warning sours share price as group mulls Napier Brown sale
Shares in Whitworths owner Real Good Food have fallen off a cliff this morning after the listed group issued a profit warning
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NewsSteep fall in Scotch exports
The SWA said the decline – following flat value sales in 2013 – had in some areas been a result of political volatility and changes in stock levels
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NewsMedia Bites 1 April: Business rates, executive pay, B&Q
Businesses in the North and Midlands stand to lose a “staggering” £2.3bn because of the Government’s two-year deferment of the business rates revaluation.
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NewsCity snapshot: Real Good Food explores Napier Brown sale
UK-listed Real Good Food is mulling the sale of its sugar business Napier Brown, PZ Cussons has bought out Glanbia’s 50% stake in Nigerian milk powder JV Nutricima and all the rest of the news from The City this morning.
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NewsDomaine Chanzy postpones IPO as it misses crowdfunding target
Burgundy wine producer Domaine Chanzy has pulled its plans to launch the first ever crowdfunded float on the London Stock Exchange after failing to hit its fundraising target.