Finance news – Page 684
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News
Strong retail growth at Thorntons pulled back by commercial sales weakness
Thorntons has reported like-for-like retail sales growth of 7.8% in the run-up to Christmas, but total second quarter revenues fell due to poor UK commercial sales.
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NewsGreggs targets retail parks as it gets back on expansion trail
Greggs plans to reverse its recent programme of store reductions by expanding its estate away from the high street in 2015…
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NewsPork Farms accounts reveal Kerry Foods deal terms
Pork Farms’ acquisition of the chilled savoury and pastry business of Kerry Foods has given the Irish food giant…
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NewsMorrisons shares rise as Dalton Philips is axed
Deposed Morrisons CEO Dalton Philips will probably conclude Tuesday was not one of his best days.
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NewsSupermarket price war to spell the end for hundreds of suppliers
Begbies Traynor predicts the collapse of more than 100 suppliers in new research
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NewsBooming Latin American sales help Carrefour post 3.9% annual revenue increase
French retail giant Carrefour has posted full-year organic sales growth of 3.9%, boosted by strong growth it Latin America.
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NewsSainsbury’s chooses EY as auditor as it drops PwC
Sainsbury’s’ board intends to drop PwC as its auditor in favour of Big Four rival EY for the upcoming financial year.
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NewsLakeland Dairies looks to move into frozen yoghurt with acquisition of Taste Trends
Management team will remain in place, say deal allows company to grow
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NewsOppo ice cream raises £300k through crowdfunding
Waitrose-listed Oppo ice cream has secured over £300k of crowd-sourced funding to support its ambitious expansion plans.
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NewsStrong Christmas at Primark fails to sweeten profits at Associated British Foods as sugar woes continue
Further problems at Associated British Foods’ sugar business are set to hit profits in 2015.
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NewsStandard & Poor’s joins Moody’s in cutting Tesco’s ratings to junk
Tesco’s corporate credit ratings have been cut to junk status by Standard & Poor’s, following Moody’s action last week.
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NewsFood cans supplier merger under competition investigation
Sonoco’s €286m acquisition of Weidenhammer Packaging Group is to face scrutiny from the CMA amid competition worries.
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NewsC&C Group's shares plunge after weak third quarter trading
C&C Group’s shares fell more than 10% in early trading after it cut profits expectations and warned that third quarter trading was below expectations.
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NewsBakkavor expands US convenience footprint with B. Robert’s Foods acquisition
International food group Bakkavor has built its US ready meals capababilities with the acquisition of North Carolina-based fresh prepared foods manufacturer B. Robert’s Foods.
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NewsGreggs on a roll as sales soar over Christmas
Shares in Greggs have rocketed again this morning as the bakery chain reported a “very strong” finish to 2014 and said its full-year results would beat previous expectations.
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NewsAsda cuts fuel prices again, now below 104ppl
Supermarket gets out ahead of competitors in fuel wars, Sainsbury’s and Tesco respond immediately
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NewsTesco shares rise on Christmas figures and Lewis' intervention
The supermarkets seldom saw any news that wasn’t bad last year, so it is little surprise that the emergence…
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NewsTesco to close 43 stores and pull plug on 49 new openings
As Tesco boss Dave Lewis this week announced unprecedented plans to close 43 unprofitable stores…
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NewsEid family back in charge as Aryzta spins out Honeytop
Swiss food group Aryzta is spinning out its £80m UK-based flatbreads division Honeytop into a joint venture…
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NewsEnglish Garden Tea saved from administration by Blue Cap
Speciality drinks supplier English Garden Tea has been given a new lease of life after being rescued from administration…