Finance news – Page 678
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NewsOrganic food bucks trend with sales growth
Organic food sales continued to grow in 2014, despite an overall fall in food prices and food spending
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NewsMorrisons appoints David Potts as its next chief executive
Morrisons has appointed former Tesco director David Potts as its next chief executive. Chairman Andrew Higginson said he was the “best retailer” he had worked with in 25 years in the industry.
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NewsCity Snapshot: Analysts hail the appointment of Morrisons CEO David Potts
Morrisons appoints David Potts as its next CEO, sending shares upward; Glanbia reports strong year-end figures; and Supergroup CFO leaves after being declared personally bankrupt. Plus all the latest share price moves.
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NewsMedia Bites 25 February: FTSE 100, NFU conference, organic food
The FTSE ended up 37.5 points at 6,949.6, above its previous record of 6,930, and also set a new intra-day high of 6,958.9, surpassing the previous figure of 6,950.6
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NewsKerry Foods snaps up UK hot dog seller Rollover
Irish food group Kerry Foods has signed a deal to buy the UK’s largest premium hot dog seller Rollover Hot Dogs.
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NewsKerry Group share price falls as sales decline
Shares in Irish food giant Kerry Food are down more than 2% so far today to €63.05 after it posted a 1.4% decline in revenues in 2014.
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NewsCo-operative Party campaigns to keep financial support from The Co-op Group
Co-op Group puts support to AGM vote after poll reveals lack of awareness and support for group’s donations
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NewsKerry Group posts solid results as it meets market expectations
Underlying revenues climb 2.4% too €5.8bn at Kerry Group despite challenging trading environment; and shares spike at butchery chain Crawshaw Group as it upgrades full-year expectations.
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NewsMedia Bites 24 February: Food production crisis, BAT, ABF
Worries about the UK’s self-sufficiency dominate the newspapers this morning
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NewsProduce World restructuring plan puts hundreds of jobs at risk
A proposed joint venture between the vegetable grower Produce World Group and Lincolnshire Field Products has put up to 340 jobs at risk.
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NewsBordeaux Fine Wines owner banned for 15 years
The owner of Bordeaux Fine Wines has been banned from running a company until 2030 after using investors’ money to fund a lavish lifestyle of buying sports cars, race horses and hiring private jets.
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NewsBritish American Tobacco explores delisting Brazilian subsidiary Souza Cruz
British American Tobacco has confirmed it is “evaluating” putting together a deal to buy the quarter of Brazilian subsidiary Souza Cruz it does not currently own.
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NewsSupermarket price war weighs heavily on UK retail sales
Continually heavy discounting by supermarkets has weighed on British retail activity as sales in February fell back compared to a year ago, according to a CBI survey.
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NewsMorrisons chairman Andrew Higginson to advise Poundland owner on retail investments
Morrisons chairman Andrew Higginson has added a new role to his list of responsibilities after joining the private equity owner of Poundland as a senior advisor.
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NewsABF expects first half earnings dip as sugar weakness hits profits
Associated British Foods has announced it is trading in line with expectations in a pre-close statement, as the strong growth in Primark continues to be offset by weakness in its sugar business.
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NewsMedia Bites 23 February: Morrisons, Sainsbury's, Tesco
The big grocery sector news over the weekend was the emergence of former Tesco executive David Potts as the frontrunner to take up the daunting challenge of leading Morrisons’ turnaround.
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NewsCity snapshot: ABF reassures market over first half trading
Associated British Foods (ABF) has said that underlying trading remains in line with expectations as strong Primark sales have been negated by weakness in its sugar division. Plus, packaging firm DS Smith announces acquisition and all the other latest news from the City.
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NewsBaronie targets UK market after Ashbury rescue deal
Baronie Group is ramping up its presence in the UK after rescuing a British supplier from insolvency…
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NewsDanone expects troubling year ahead as European turmoil continues
Dairy producer Danone has forecast slower-than-expected organic sales growth for the year ahead as political and economic turbulence in Europe shows no signs of abating.
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NewsSABMiller saga takes another twist as 3G Capital linked too
One of the few UK-listed companies issuing numbers this week was European Coke bottler Coca-Cola HBC…