Finance news – Page 692
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NewsUnited Biscuits to float on Stock Market this autumn
United Biscuits to join Moy Park in Q4 listing as supplier IPO stampede looms…
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NewsWH Smith short sellers may yet be caught out
A stark split of opinion has emerged in the City over the prospects for WH Smith…
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NewsSymington's reports falling profits amid 'challenging' UK market
Pinched consumers, the cost of promotions and the rise of the discounters have led to slump in full-year profits at Symington’s.
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NewsHeineken beer volumes boosted by the World Cup
Heineken saw overall beer volumes rise 3.1% and a “mid-single digit” figure in the UK as the World Cup and warm weather helped boost first half trading.
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NewsImperial Tobacco reports a 1% slide in global sales
Imperial Tobacco Group said today it remained on course to acquire a range of US cigarette brands as it reported a 1% fall in global revenue for the first nine months of the year.
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NewsTesco Clubcard operator Dunnhumby in predictive data venture
Tesco-owned data group Dunnhumby has taken a 50% stake in Sandtable – a data science company…
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NewsChiquita vows to to press ahead with Fyffes merger
US banana firm Chiquita has rejected a $611m takeover bid and reaffirmed its intention to merge with Irish contemporary Fyffes.
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NewsExecutive pay falls at Diageo as growth slows
Diageo CEO Ivan Menezes earned less in his first year as CEO than he did as chief operating officer as the spirit giant’s revenues were hit by a slowdown in emerging markets.
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NewsTesco needs to cut SKUs to take fight to Asda, claim analysts
Tesco has considerable scope to cut costs by reducing its growing SKU count, analysts at Brewin Dolphin have said…
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NewsMondelez third-quarter results disappoint as Nestlé flourishes
It was a week of diverging fortunes for two of the biggest names in global food – Nestlé and Mondelez…
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NewsKerry Group battles changing shopping trends to post first-half profit growth
Irish food supplier Kerry Group overcame fickle UK shoppers and turmoil in its emerging markets businesses to grow profits in the first six months of 2014.
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NewsWalgreens to complete Alliance Boots takeover
US pharmacy chain Walgreens has exercised its option to buy the entire shareholding of Alliance Boots.
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NewsDiageo and BAT latest to warn of bruising strength of pound
Diageo and British American Tobacco have warned that the strength of the pound is hurting their profits…
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NewsSugar tax used by EU soft drinks firms to boost margins
So-called “sugar taxes” lead to retailers and suppliers boosting profit margins on full-sugar and diet drinks…
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NewsMizkan's Bertolli and Ragu deal is biggest in M&A upsurge
Unilever’s sale of Ragu and Bertolli boosted overall M&A activity in UK food and drink in the second quarter…
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NewsWaitrose sales struggle to match 2013's golden summer
Waitrose has experienced a dramatic sales slowdown this summer, according to its publicly released figures…
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NewsGreggs one of biggest risers on FTSE thanks to strong first half
Trading improved significantly in the second half of last year…
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NewsStrong pound dents British American Tobacco’s revenues
British American Tobacco saw first half headline revenues decline by 10% after being hit by adverse exchange rate movements.
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NewsRevamped coffee and sandwiches help drive Greggs profit surge
Greggs has reported an almost 50% rise in first half pre-tax profit after diversifying its product range
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NewsIceland sales dip in latest market share figures
Iceland has posted its first drop in sales since 2005, according to the latest grocery market share data from Kantar Worldpanel.