Finance news – Page 693
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NewsPZ Cussons defies currency headwinds to post profit growth
Soap maker PZ Cussons has recorded a 7% rise in full year profits despite negative currency movements and unrest in Nigeria.
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NewsReckitt Benckiser spins off pharma to focus on consumer goods
Reckitt Benckiser is to spin off its pharmaceutical division to concentrate on its core business of consumer goods.
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NewsAdministration numbers for food & drink firms falls sharply
Fewer food and drink firms are falling into administration despite the tumultuous grocery market conditions…
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NewsSugar deal scramble as prices tumble
Food manufacturers are eager to settle annual sugar contracts earlier than usual this year…
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NewsSainsbury's takes out corporate green loan
Sainsbury’s has taken out a corporate loan structured purely to invest in carbon reduction and sustainability projects…
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NewsReckitt Benckiser to pour £100m into healthcare R&D centre in Hull
RB – formerly Reckitt Benckiser – today revealed it will plough £100m into a new consumer health R&D centre in Hull
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NewsAfrican demand boosts SABMiller’s global volumes
SABMiller’s first quarter global drinks volumes grew by 3%, driven by increased demand in South Africa and the African region.
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NewsBritvic raises profit forecast as fizzy drinks sparkle
Britvic has raised its profit forecast for the full year after enjoying strong fizzy drink sales in the third quarter.
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NewsLidl insists it pays its 'fair share' of UK tax
Lidl has revealed that it paid more than £25m in UK corporation tax last year.
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NewsOver 200 jobs at risk as Hovis plans Leicester bakery closure
Hovis is planning to close its bakery in Leicester with the loss of more than 200 jobs, The Grocer has learned.
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NewsCoca-Cola revenues slide despite World Cup boost
Coca-Cola reported a fall in second quarter revenues and profits despite a huge marketing effort around the FIFA World Cup.
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NewsPremier Foods profits up despite sales dip
Tight cost control has enabled Premier Foods to post a 2.1% increase in first half profit despite seeing a drop in sales of its ‘power brands’.
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NewsTesco shares jump on Philip Clarke’s departure
Tesco shares rose to their highest level for a month after the company announced the departure of chief executive Philip Clarke
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NewsFood & drink companies lead the way on working capital
The 20 biggest global consumer products companies improved their working capital positions dramatically in 2013…
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NewsIceland places £950m high-yield bonds to support growth
Iceland has placed £950m of high yield bonds to refinance debt from Malcolm Walker’s 2012 MBO…
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NewsFinsbury Foods shares bounce back on news of good profits
After responding strongly to the sale of its free-from business last year, Finsbury Foods shares have drifted…
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NewsCurry Queen Perween Warsi mulls S&A Foods sale
Perween Warsi CBE, the founder and owner of S&A Foods, is considering a potential sale of the Indian ready meals specialist
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NewsImperial Tobacco buys US brands for £4.2bn after Reynolds/Lorillard merger
Imperial Tobacco is to buy four US cigarette brands and a line of e-cigarettes after the agreement of the merger between US tobacco giants Reynolds and Lorillard today.
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NewsWorld Cup fails to grow food sales
The World Cup could not arrest the decline in food and drinks sales fell in June, according to the BRC-KPMG retail sales monitor.
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NewsMorrisons sells Kiddicare for £2m to Endless
Morrisons has sold its underperforming baby goods brand Kiddicare for just 3% of its purchase price.