Finance news – Page 363
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NewsHighland Spring to reduce plastic use after securing £55.5m backing
Highland Spring Group will ramp up its environmental sustainability initiatives after securing multi-million-pound backing from HSBC UK
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NewsArla Foods posts strong sales but warns of Brexit concerns
Dairy giant Arla Foods hailed “strong” sales growth in the first half of 2019, but warned the impact of a hard Brexit could hit performance in the second half.
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NewsJosé Antonio Echeverría replaces Ron Lewis in key CCEP role
CCEP said Echeverría was an experienced business and operations leader
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NewsCity snapshot: McColl’s blames weather for third quarter sales slide
Convenience retailer McColl’s has announced a 2.2% drop in third quarter like for like sales, blaming “highly unseasonable” weather for the revenue drop. Plus, Pernod Ricard reports “strong” annual sales growth as it announces share buyback and $223m US spirits deal, PZ Cussons sells Greek food business and all the rest of the latest news from the City.
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NewsMedia Bites 29 Aug: Supermarkets, Altria/Philip Morris, WH Smith
UK supermarkets swept higher after a cheery analysis concluded they could flourish even if the UK doesn’t strike an agreement with the EU.
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NewsGreggs shares rise on UBS upgrade
Greggs shares rose over 3% after the stock was upgraded by analysts at UBS who believe in a “significant” growth opportunity for the baker
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NewsHain Celestial agrees £280m Tilda sale to Spain’s Ebro Foods
US food giant Hain Celestial group has completed the sale of rice brand Tilda to Spanish food processing business Ebro Foods for $342m (£280m) in cash, as reduces its exposure to UK Brexit uncertainty.
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NewsMedia Bites 28 August: Altria/PMI, M&S, Supermarket offers
The revelation of $200bn all-stock merger talks between Altria and Philip Morris International saw $13bn wiped off their combined value.
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NewsCity snapshot: WH Smith travel business delivers ‘strong’ performance
WH Smith (SMWH) has reported its travel business continues to perform ’strongly’ across all its channels. Plus, food inflation eases and all the rest of the latest news from the City.
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NewsUK shop prices fall in August amid high levels of promotions
UK shop prices have continued to slump in August as weak consumer spending and mounting competition led to higher discounting within the retail sector
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NewsCosta’s Jason Cotta named Ole & Steen CEO
Cotta worked for Costa Coffee for nearly seven years, working his way up from operations director UK to MD
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NewsCity snapshot: Supermarket Income Reit buys Sainsbury’s store
Supermarket Income REIT has announced the acquisition of Sainsbury’s supermarket in Preston, Lancashire, from Legal & General for £54.4m
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NewsMedia Bites 27 Aug: Asda/Walmart, Grenade, Melton Mowbray
Asda has told suppliers it is putting the development of new products on the back-burner as US owner Walmart looks to slash costs and considers a stock market float.
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NewsFarmdrop adds £5m to total raised as it expands across UK
Farmdrop has issued just over £5m worth of new shares as it continues its nationwide expansion
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NewsVegan petcare brand Hownd turns to crowd for £150k fundraise
Hownd has reached out to the crowd for investment, seeking £150k to accelerate growth and develop new products
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NewsSupreme Imports eyes standalone flotation for 88 Vape
MD Sandy Chadha told The Grocer it was mulling a pureplay float of its vaping business
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NewsCity snapshot: Supreme Imports considers standalone vaping float
Supreme Imports is considering floating its 88 Vape brand as a standalone business after returning to profit growth
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NewsMedia Bites 23 Aug: Ocado, Morrisons, Jamie Oliver
Ocado’s customer orders have been disrupted by another warehouse fire six months after a blaze destroyed its robot-controlled depot in Hampshire
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NewsLotus Bakeries launches incubator fund with Peter’s Yard investment
Belgium’s Lotus Bakeries, recent acquirer of snack brands Bear, Nakd and Kiddylicious, has launched an incubator fund and made another investment in the UK healthy snacking sector.
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NewsUK retail sales crumble at fastest rate in over 10 years
CBI figures showed that, in the year to August, both retail sales volumes and orders fell at the fastest pace since December 2008