Finance news – Page 288
-
NewsMedia Bites 22 Oct: EG Group, Waitrose/Co-op, Nestlé
The new owners of Asda are looking for a chairman and directors for their petrol station empire as they gear up for a £10 billion stock market listing
-
NewsC&C Group falls to first half loss amid pub closures
Beer, cider and wine producer and distributer C&C Group fell to a first half operating loss amid a 55% plunge in revenues as the lockdown and shuttering of pubs hit trading
-
NewsP&G benefits from booming demand for home hygiene as Q1 sales fly
Revenues have soared at Procter & Gamble in the first quarter on the back of shopper demand for home hygiene products as the coronavirus crisis continues.
-
NewsCity snapshot: Petfood sales spike boosts Nestlé’s third quarter growth
Nestlé has posted third quarter organic growth of 4.9%, driven by strong demand for petfood as well as at-home coffee consumption and dairy. Plus, pub closures send C&C Group to first half loss, PayPoint sells Romanian business and all the rest of the latest news from the City.
-
NewsMedia Bites 21 October: Poundstretcher, Waitrose, Co-op, Reckitt Benckiser
Poundstretcher has become the latest retailer to lose its auditor after a risk assessment by one of Britain’s biggest accounting firms.
-
NewsMedia Bites 20 Oct: Asda, Danone, Card payments
Asda is to unveil a strategy to help cut down on single-use plastics, pledging that “greener” products without packaging will not carry a hefty price tag
-
NewsCity snapshot: Reckitt Benckiser raises revenue forecast as disinfectant sales soar
Reckitt Benckiser has reported strong third quarter revenues as demand for its disinfectant brands remain high and the relaxation of lockdown restrictions around the world helped Durex rise again. Plus, Britvic agrees new 20-year bottling agreement with PepsiCo and also increases profit forecasts for the year.
-
NewsFmcg M&A deal volumes slump 60% on same period last year
Fmcg deals slumped 60% in the four months to the end of August as M&A in the food industry struggled to reignite in the pandemic
-
NewsSolina picks up Bowman Ingredients for undisclosed sum
European ingredients group Solina has acquired food coatings specialist Bowman Ingredients from the family owners for an undisclosed price tag
-
NewsMedia Bites 19 October: John Lewis, M&S/Ocado, EG Group
The strategic update at John Lewis Partnership on Friday receives plenty of coverage in this weekend’s papers.
-
NewsBirds Eye sales outdo expectations after shoppers fill freezers
Birds Eye sales powered ahead of expectations as shoppers stocked up their freezers during lockdown.
-
NewsCity snapshot: Danone launches full portfolio review to plan for new COVID-world
French dairy giant Danone has this morning announced its intention to conduct a full portfolio review and put assets worth €500m up for immediate sale to tailor its business for a post-coronavirus market.
-
NewsCity snapshot: John Lewis pledges to move ‘beyond retail’ to boost profits
John Lewis Partnership is to launch a host of new services to move the group “beyond retail” as it seeks to reach £400m profit within five years
-
NewsMedia Bites 16 Oct: EG Group, John Lewis, Boots
EG Group’s bonds dropped in value on Thursday after reports that the auditor of the highly acquisitive UK petrol station operator had resigned over governance concerns.
-
NewsBooths reports sales surge thanks to staycation boom
The retailer enjoyed a strong performance at its seven Lake District stores over the summer
-
NewsDenzel’s dog snack brand secures six-figure investment
Denzel’s will spend the money on expanding its product range and building the team
-
NewsMedia Bites 15 October: EG Group, Ocado, Just Eat
Deloitte has resigned as auditor of EG Group, the UK petrol stations company whose billionaire owners just agreed a £6.8bn takeover of grocery chain Asda, because of concerns over its governance and internal controls.
-
NewsCity snapshot: Marston’s to cut up to 2,150 jobs amid new coronavirus restrictions
Pub and brewing company Marston’s is to cut 2,150 roles after the coronavirus lockdown and ongoing restrictions have had a “material” impact on its trading. Plus, new chairman at BAT, Domino’s Pizza sees sales uplift, Distil benefits from drinking at home and all the rest of the latest news from the City.
-
NewsBoparan rescues burger chain GBK from administration
2 Sisters owner Boparan has continued its push into casual dining, with the rescue of the GBK burger brand from administration
-
NewsLivekindly Co raises $135m to accelerate expansion of plant-based brands portfolio
Plant-based brand collective The Livekindly Co has raised $135m (£104m) to accelerate its mission to transform the global “unsustainable meat-centric food system”, including developing chicken and egg alternatives.