Finance news – Page 691
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NewsGlorious! soup-maker TSC Foods Group in 36% profit boost
TSC Foods Group saw a 36% boost to pre-tax profit in the year before it was bought by The Billington Group…
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NewsWaitrose 'right to join price war' despite profit fall
Waitrose MD Mark Price insisted the supermarket was right to respond to competitors’ price cuts…
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NewsRH Amar targets 'even greater success' for Mary Berry brand
RH Amar has vowed to drive the Mary Berry brand to “even greater success” after buying Mary Berry & Daughter…
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NewsMcBride’s full-year sales hurt by brand promotions
An explosion of promotional activity on branded goods has hit the performance of private label specialist McBride in the year to the end of June.
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NewsThorntons profits jump 60% as fmcg focus pays off
Thorntons has announced a 60.4% increase in full-year profits as its pledged to grow its global business to rebalance the company away from UK retail to become an international fmcg firm.
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NewsFyffes and Chiquita postpone shareholder votes
The protracted merger of banana producers Fyffes and Chiquita is no nearer a conclusion after the pair postponed shareholder votes to approve the deal.
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NewsHilton Food Group hit by currency movement and lower meat prices
Meat packing firm Hilton Food Group saw a fall in first half revenues despite rising volumes as currency movement and lower raw material prices took their toll.
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NewsABF weighed down by weak sugar sales
Associated British Foods expects to see improved full-year profits despite “substantially lower” revenues and earnings from its sugar business.
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NewsRed Bull blames economy and competition for falling turnover
The UK arm of Red Bull has laid the blame for a 2.5% drop in turnover last year on “difficult economic and competitive fac…
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NewsDr Oetker back in profit following increased focus on own label
Dr Oetker bounced back into profit in the UK after posting a pre-tax profit of £165,000 compared with a £2.4m loss in 2012…
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NewsBirds Eye operating profits rise in spite of horsemeat scandal
Birds Eye shook off the impact of Horsegate to post a 15.8% increase in operating profit last year…
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NewsMetro sells its 9% stake in Booker
German retailer Metro has sold its entire stake in Britain’s biggest cash-and-carry wholesaler Booker for £196m.
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NewsBudgens operator Kavanagh Retailing reports 144% profit hike
Kavanagh Retailing UK has posted full-year pre-tax profits up 144%
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NewsTesco profit warning clatters supermarket shares
The listed UK supermarkets experienced heavy share price falls this morning after Tesco’s shock profit warning.
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NewsSupply chain manager Enterprise Foods in £30m buyout
Supply chain management specialist Enterprise Foods has been bought in a £30m MBO led by its current chairman and backed by private equity firm Hattington Capital.
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NewsPasta Reale falls into administration costing 169 jobs
Pasta Reale has collapsed into administration resulting in the loss of 169 jobs two years after a private equity buyout.
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NewsEmmi cuts earnings forecast after poor trading in Italy
Swiss dairy group Emmi’s shares opened 6% lower this morning after it downgraded its full-year earnings forecast.
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NewsFyffes and Chiquita find new cost savings from proposed merger
Fyffes and Chiquita have announced their proposed merger would generate an additional $20m of annualised cost savings in a bid to convince investors to back the deal.
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NewsMoy Park on course for IPO before the end of the year
Moy Park is already in the “advanced stages” of its IPO preparations and on course to float on the Stock Market…
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NewsPoundland execs decide against bonuses despite successful year
Poundland executives have elected to receive no bonus despite a year of double-digit sales growth and a landmark IPO…