Finance news – Page 408
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NewsMcColl's shares plummet after profit warning issued
Convenience retailer McColl’s shares plummeted 23% after it issued a profit warning, blaming problems relating to its Morrisons supply contracts
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NewsMedia Bites 3 December: Nestlé, Patisserie Valerie, Fortnum & Mason
Nestlé’s leadership has defended its governance arrangements against criticism from an influential activist investor, Patisserie Valerie is being sued over a bonus dispute and the rest of the news from The City
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NewsUK winemaker Boutinot to expand Henners vineyard after 'six-figure' funding
Wine distributor and producer Boutinot plans to expand the 10-acre vineyard near Hastings
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NewsRestaurant wholesaler Penta Foods bought out by directors following collapse
The family-run Farnborough-based business supplies a string of high-profile restaurant chains
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NewsFortnums sees profits rise 26% through multichannel sales
The queen’s grocer had its sixth successive year of double-digit sales growth
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NewsStockpiling suppliers run 'huge' insurance risk, say brokers
As warehouse space across the country runs out, there is a danger suppliers may be left with insufficient levels of trade
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NewsCity reaction as Unilever CEO Paul Polman steps down
The recent Rotterdam relocation debacle a ‘sorry way to finish an exceptional career at the company’
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NewsEmergency Brexit plans for supplies could last 'months'
Defra secretary Michael Gove admitted food imports from the EU would be allowed to enter without any checks for an indefinite period
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NewsMaddock's sausage maker Lockwoods collapses
The company’s baked pies business stopped production earlier in the year
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NewsBoostball smashes £150k crowdfund target to drive new launch
The energy ball supplier is launching a range of protein-rich nut butter pouches
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NewsCity snapshot: UK consumer confidence falls to lowest this year
The UK’s consumer confidence has dropped to its lowest in almost a year, a Liverpool-based cooked meat and sausage producer has collapsed, and the rest of the news from the City
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NewsMedia Bites 30 November: Unilever, Britvic, GM food
Paul Polman is to step down as chief executive of Unilever only weeks after it was forced to make a humiliating retreat on plans to move headquarters
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NewsProfits slide at Refresco after rise in raw material costs
Refresco Beverages saw pre-tax profits dive to £7.3m in the year ended 31 December 2017
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NewsCity snapshot: Unilever CEO Paul Polman to retire and be replaced by beauty chief Alan Jope
Unilever has announced that its CEO Paul Polman will retire in 2019 to be replaced as by currency president of its beauty & personal care division Alan Jope.
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NewsMedia Bites 29 Nov: Altria/Juul Labs, Unilever/Horlicks, Black Friday
Altria, the company behind Marlboro cigarettes, is in talks to take a stake in Juul Labs, the US$16bn ecigarette start-up that has seized three-quarters of the US vaping market since its launch in 2015, according to the FT.
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NewsCity snapshot: Shop price inflation returns amid rising food prices
Food inflation accelerated in November although total shop prices remained almost unchanged since last Christmas. Plus Unilever is reportedly in exclusive talks to finalise a deal for GlaxoSmithKline’s Horlicks.
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NewsMedia Bites 29 November: Brexit, Horlicks, Greggs
The UK’s food and drinks industry expressed support for Theresa May’s withdrawal agreement from the European Union at a parliamentary hearing
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NewsCompany Shop to double store portfolio following £4.2m cash boost
The food surplus distributor is driving forward with expansion plans after securing funding from Lloyds bank’s commercial arm
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NewsAmazon calls end to Restaurants takeaway delivery service
Amazon Restaurants first launched in Seattle in 2015 before coming to London in 2016
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NewsMedia Bites 27 Nov: Black Friday/Cyber Monday, UK pubs, Cake Box
Black Friday turned ‘bleak Friday’ for bricks and mortar retailers this year as shoppers flocked online to pick up bargains.