Finance news – Page 414
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NewsTetley owner Tata hit by decline in UK black tea sales
The ongoing decline in black tea sales hit UK revenues and profits at Tetley Tea owner Tata Global Beverages.
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NewsIce lolly maker Pops seeks £400k to expand production
The supplier has seen 100% growth over the past year following a nationwide listing wityh Tesco
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NewsPeyton & Byrne Bakeries falls into administration
The bakery chain co-founded by Great British Menu judge Oliver Peyton has entered administration.
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NewsCity Snapshot: Peyton & Byrne Bakeries files for administration
The bakery chain co-founded by Great British Menu judge Oliver Peyton, Peyton & Byrne Bakeries, has entered administration two years after a previous collapse. Plus all the rest of the latest news from the City.
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NewsMedia Bites 26 Oct: AB InBev, Amazon, Patisserie Valerie
The world’s largest brewer Anheuser-Busch InBev cut its dividend in half and reported weak third-quarter profits hit by slower sales in key markets.
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NewsOne Stop credits like-for-like growth to own-label relaunch
Tesco-owned One Stop grew like-for-like sales by 5% last year as the 2017 re-launch of its own label range boosted sales at the convenience chain.
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NewsEnergy drink effect on kids overstated, says government report
The government is currently consulting on whether to ban the sale of energy drinks to children
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NewsCity snapshot: Global brands drive 4.5% third quarter growth at AB InBev
The world’s largest brewer AB InBev grew revenues by 4.5% in the third quarter driven by strong growth in its global beer brands. Plus, C&C Group reports tripling of first half sales and Kerry Group makes two acquisitions
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NewsMedia Bites 25 Oct: Patisserie Valerie, Heineken, Gourmet Burger Kitchen
The owner of Patisserie Valerie has fought off a winding-up petition against its principal trading subsidiary as the cake shop and cafe group continues to battle for survival.
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NewsKerry Foods jobs 'at risk' after losing major Tesco contract
Tesco to change supplier for all its Indian and Oriental ready meals
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NewsUnilever and Veolia link to create plastic 'circular economy'
Veolia will help Unilever implement used packaging collection and add recycling capacity
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NewsHot weather in Europe drives Heineken third quarter sales growth
Heineken benefitted from the hot summer, as it posted 4.6% organic sales growth driven by the continued strong performance of its Heineken brand lager.
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NewsMedia Bites 24 Oct: Ocado, Iceland, McDonald's
Ocado suffered its heaviest one-day loss ever as more than £575 million was wiped off its market value
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NewsJohnson & Johnson makes $2bn offer for Japan’s Ci:z Holdings
US consumer giant Johnson & Johnson has announced it has made a US$2bn offer to buy the 80% of Japanese skincare group Ci:z Holdings is does not already own.
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NewsMcDonald's shares jump 6% after sales growth beats expectations
Shares rise at the US fast-food giant after it beat global sales expectations following menu price increases.
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NewsHeart of England Co-op reports 7% sales jump
The growth comes despite the society pointing to a tough trading environment
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NewsThe Authentic Food Co to close Dundalk factory with up to 170 job losses
The Manchester-based world food producer has appointed liquidators for its Irish manufacturing arm
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NewsWhitbread posts 2.5% first half profit rise after Costa sale agreement
Whitbread recorded a modest rise in profits in the first half of the year, after agreeing to sell the Costa coffee chain to Coca-Cola.
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NewsMedia Bites 23 October: Morrisons, Patisserie Valerie, Meat alternatives
Morrisons has failed to overturn a court decision that it should compensate thousands of workers after a disgruntled colleague posted payroll information about 100,000 staff online
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NewsMagic Rock Brewing invests in canning lines after securing £850k funding
Yorkshire craft brewery has upgraded its production lines after funding was facilitated by HSBC UK and HSBC Asset Finance