Finance news – Page 681
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NewsMedia Bites 10 February: Tesco, David Cameron, Co-op Pharmacy
One of Thailand’s richest men is lining up a second bid for Tesco Lotus and David Cameron urges Britain’s bosses to give a pay bump to workers.
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NewsFood sales record best month since February 2014, finds BRC-KPMG monitor
The raft of January price cuts across the supermarkets helped food sales record their best performance for a year, according to the BRC-KPMG retail sales monitor.
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NewsCamden Town Brewery looks to the crowd to raise £1.5m for London expansion
Camden Town Brewery is hoping to raise £1.5m as part of a crowdfunding pitch to finance the opening of a new brewing site in London.
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NewsMedia Bites 9 February: Tesco, Rexam, Poundworld
The fallout from The Grocer Code Adjudicator’s decision to launch a formal investigation continued over the weekend.
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NewsCity snapshot: New Britain Palm Oil moves to push through takeover
New Britain Palm Oil announced this morning it has cut the offer period for the takeover bid for Sime Darby, plus Tesco’s new demands on suppliers, the latest City news and what’s coming up this week.
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NewsCrowdfunding: food & drink companies pick up £1m this year
Food and drink companies have raised more than £1.2m on crowdfunding platforms so far in 2015 as this alternative source of finance continues to grow in popularity.
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NewsWinterbotham Darby takes majority stake in dip supplier G'Nosh
Specialist food supplier Winterbotham Darby – producer of own-label lines and the Unearthed meat and tapas brand…
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NewsPartner in Pet Food trebles its UK sales after Tesco supply deal
European petfood supplier Partner in Pet Food (PPF) has trebled its UK sales in the past year after securing a deal to supply Tesco with own-label dry and wet foods.
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NewsHave Dairy Crest's rivals set sights on its stable of brands?
As Dairy Crest waits for the sale of its liquid milk division to Müller to be cleared by the competition authorities, major dairy players are believed to be gearing up to make a play for its branded business.
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NewsTate & Lyle issues another profits warning on US sweetener weakness
Sucralose producer Tate & Lyle (TATE) has cut profit guidance for the third time in a year as it suffers from low US volumes and low sweetener prices.
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NewsPoundland agrees £55m deal to buy 99p Stores
Poundland has announced it is to buy rival fixed-price discounter 99p Stores this morning in a deal worth £55m.
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NewsCity snapshot: Poundland to swallow up rival fixed price discounter 99p Stores for £55m
Poundland agrees to £55m takeover of rival discounter 99p Stores. Plus a profit warning from Tate & Lyle sends shares spiralling - and the latest movements from the rest of stock market.
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NewsMedia Bites 6 February: Tesco, Andy Clarke, Rexam
Reaction to GCA’s probe of Tesco features heavily as Asda’s Andy Clarke questions Tesco turnaround strategy.
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NewsRexam £4.3bn takeover talks send shares soaring
Shares have spiked massively at aluminium can manufacturer Rexam after it admitted to talks with a US rival for a potential £4.3bn takeover.
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NewsChris Dee appointed as new Booths CEO
New role in the business created for 20-year veteran of the upmarket Northern retailer
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NewsCost cutting drives profit growth at McBride
Private label household goods firm McBride has reported a 4.1% revenues fall to £364.7m in the six months to 31 December 2014.
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NewsCity Snapshot: Dairy Crest in talks with CMA to push through Müller sale
Dairy Crest holds its breath as it awaits watchdog review of Müller sale. Plus McBride’s first half results and the latest share price movements.
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NewsAdjudicator Tacon announces Tesco inquiry
Groceries Code Adjudicator Christine Tacon launches first ever inquiry after receiving evidence relating to Tesco’s dealings with suppliers
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Media Bites 5 February: Tesco, Boots, Starbucks
Tesco’s latest woes dominates the news this morning with the supermarket to come under fresh scrutiny by the supermarket watchdog over its dealings with suppliers.
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NewsConsumer healthcare sales dip at GSK in 2014
GlaxoSmithKline’s (GSK) consumer healthcare revenues dipped by 1% last year as the global pharma giant struggled to overcome supply chain problems in the US and Europe.