Finance news – Page 680
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NewsHundreds of jobs saved at Ashbury Chocolates in rescue deal by Duc d’O owner
More than 200 jobs have been saved at a Midlands chocolate maker after the owner of Belgian brand Duc d’O acquired the company out of administration.
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NewsKellogg reports $293m loss in Q4 as US cereals market goes soggy
Kellogg has posted large losses in its final quarter and lowered sales expectations as consumers in the US turned their backs on cereals and snack bars.
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NewsPernod Ricard sees gradual improvement despite "challenging" conditions
Pernod Ricard says it expects profits to grow between 1% and 3% this financial year, after announcing its first half results.
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NewsMedia Bites 13 February: Morrisons, Tesco, Ocado
A former Morrisons chairman attacks Sir Ken Morrison for his treatment of sacked CEO Dalton Philips.
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NewsCity Snapshot: Bumper Ocado share price hands directors a healthy pay day
Ocado board receives a near £20m pay package in the year of its first profit and Waitrose sales fizz in the run up to Valentine’s Day. Plus all the latest moves in the City.
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NewsOcado executive team share in bumper £19.6m pay package
Ocado executives were awarded a bumper £19.6m pay package last year thanks to the online grocer’s share price gains.
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NewsTrevor Strain takes on more responsibilities as departure of Dalton Philips is moved up
Philips to depart on Monday as board continue search for full-time successor, Strain was formerly Morrisons CFO
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NewsCity Snapshot: Bakkavor defies challenging conditions to outperform the market
Food group Bakkavor outperforms the fresh prepared foods market as sales grows and Imperial Tobacco takes a hit as the strength of sterling drags on revenue. Plus the latest share price movement of Poundland, Reckitt Benckiser and the grocers.
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NewsMedia Bites 12 February: BoE, Imperial Tobacco, Heineken, PepsiCo
The strength of sterling places havoc with with international traders and the Bank of England may take a look at raising interest rates earlier than expected.
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NewsPepsiCo launches share buyback programme after solid year
After Coca-Cola’s upbeat full-year earnings release yesterday, PepsiCo beat market earnings expectations today while announcing a major share buyback.
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NewsPoundland share price slips as largest shareholder sells 14% stake for £142m
Poundland’s majority shareholder Warburg Pincus has netted £142m from the sale of almost half its remaining stake in the discount chain.
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NewsReckitt Benckiser targets margin expansion with "project supercharge" efficiency drive
Reckitt Benckiser is embarking on a major cost efficiency drive after beating market expectations with 4% full-year revenue growth.
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NewsMedia Bites 11 February: Tesco, Coca-Cola, Ocado
Tesco’s return to growth after a year of falling sales has plenty of pick up across the media.
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NewsCity snapshot: Reckitt beats expectations amid new efficiency drive
Newly slimmed down consumer goods giant Reckitt Benckiser released a solid set of annual results this morning
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NewsInnocent consolidation hurts Coca-Cola's European results
The consolidation of the Innocent juice and smoothie business impacted The Coca-Cola Company’s financial performance in Europe last year. The company said the consolidation of Innocent unfavourably hit operating margins because of the higher cost structure associated with finished goods businesses and because of Coca-Cola’s level of ...
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NewsMillerCoors CEO Tom Long to retire in June
Tom Long is to retire as CEO at MillerCoors at the end of June sparking a search for a succesor by the brewing business.
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NewsRouble devaluation hits Metro's first quarter earnings
German retail giant Metro experienced a 2.2% fall in reported group sales as the sharp drop in the value of the Russian rouble hit its first quarter trading.
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NewsDiageo CEO Ivan Menezes backs firm with $1m share purchase
Diageo (DGE) may be fighting a global drop in sales volumes, but CEO Ivan Menezes seems to have placed a bet on the spirit group’s share price rising after investing over $1m in Diageo shares.
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NewsTesco returns to growth as overall grocery sales rise
Tesco’s sales were back in the black for the first time in a year, according to the latest grocery share figures from Kantar Worldpanel, as the overall market grew at its fastest rate since last summer.
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NewsCity Snapshot: Discounts and healthy eating push grocery sales to 12-month high
Price cuts at the supermarkets and health-conscious consumers helped food sales to a year-long high but a reliance on discounting could be setting a risky precedent. Plus the latest City news and share price movements.