Finance news – Page 405
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NewsGeneral Mills beats profit estimates despite decline in yoghurt sales
The Old El Paso manufacturer’s shares jumped 4.8% prior to trading, after it revealed improved margins
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NewsUK inflation hits 20-month low as petrol prices fall
Food inflation slowed significantly as the impact of the weaker pound faded
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NewsMedia Bites 19 December: Patisserie Valerie, GlaxoSmithKline, food waste
Patisserie Valerie has appointed a Starbucks executive to a key commercial role as it tries to move on from the accounting scandal that brought the company close to collapse
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NewsCity Snapshot: GlaxoSmithKline agrees £10bn consumer health venture with Pfizer
GlaxoSmithKline has announced plans to merge its consumer health unit with that of rival drugs giant Pfizer, supermarket chains have surged in early trading, and the rest of the news from the city
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NewsClipper Logistics extends fulfilment partnership with Asda
The two companies began working together in 2008
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NewsSmiths News agrees Seymour Distribution deal to 2025
The deal will see Seymour handle distribution in all Smiths’ territories, worth about £79m in annual revenue
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NewsCity snapshot: Patisserie Valerie continues management revamp with new commercial director
Patisserie Valerie has appointed former Starbucks executive Rhys Iley to take up a new Patisserie Valerie group commercial director role. Plus, retail shares plummet on ASOS warning, new chairman for Carr’s Group and all the rest of the latest news from the City.
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NewsMedia Bites 18 Dec: Retail industry, Just Eat, Patisserie Valerie
The retail industry has taken another battering with just under £1.4 billion wiped off the stock market value of the sector after Asos raised new fears about consumer spending.
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NewsPatisserie Valerie appoints ex-Starbucks boss to new group commercial director role
Patisserie Valerie has appointed a retail “heavy hitter” to lead its front of house operations, completing the new management team that new CEO Steve Francis has brought to turn around the crisis-stricken chain.
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NewsPre-Christmas promotions set to hit Black Friday levels
Promotional activity is starting to increase again and will match Black Friday levels this week, according to PwC
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NewsBooths recalls own-label salads over undeclared allergens
The FSA said Booths’ failed to list soya, wheat and mustard on the packaging
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NewsSainsbury’s and Asda win court hearing against the CMA
Sainsbury’s and Asda won a competition appeal tribunal against the Competition & Markets Authority to be granted extra time to respond to the merger enquiry.
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NewsMedia Bites 17 Dec: Just Eat, Sainsbury's/Asda, Christmas trading
A US hedge fund has criticised Just Eat for becoming “the worst-performing public equity in online food delivery”.
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NewsNando’s grocery sales more than triple amid global expansion
Nando’s grocery sales more than tripled over the past year amid significant investment to expand the chicken condiment brand globally.
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NewsCity News: Sainsbury’s shares sink following CMA legal challenge
Sainsbury’s this week reassured shareholders its legal challenge to the Competition & Markets Authority had not dented its “confidence” its mega-merger with Asda will go ahead, but nervous shareholders had other ideas.
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NewsWhite Rabbit Pizza Co secures £750k cash boost from angel investors
Gluten-free startup White Rabbit Pizza Co has secured a £750k cash injection to underpin its expansion plans.
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NewsPlanet Organic back in growth before private equity buyout
Planet Organic moved back into the black in the run-up to its PE buyout earlier this year.
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NewsGraze sales slide despite in-store growth as sales process continues
Sales dived 5.2% at healthy snacking brand Graze last year, despite a strong performance from its retail arm.
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NewsLow and no-alcohol wine sales drop despite moderation trend
Sales of low and no-alcohol wine fell £3.4m to £70.2m over the past 12 months
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NewsCity snapshot: Graze sales slide as buyout nears
Sales dived 5.2% at healthy snacking brand Graze last year as the search for a buyer continues into the New Year. Plus, British American Tobacco makes a raft of staffing changes, Dole Food Company sells European salad businesses to BAMA International and all the rest of the latest news from the City.