Finance news – Page 422
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NewsMedia Bites 13 Sep: Supermarket consolidation, E-cigarettes, Fonterra
Morrisons looks set to be the ‘kingmaker’ in the £14bn merger of Sainsbury’s and Asda as they are forced to offload stores to get the deal done, writes The Mail.
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NewsFruitapeel sales jump 31% in year of Puratos acquisition
The private label manufacturer drove sales from £10.4m to £13.6m in the year ending 28 February 2018
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NewsCity snapshot: Morrisons faces £1bn equal pay claim
Law firm Leigh Day has announced it is seeking equal pay compensation for female Morrisons workers that could add up to more than £1bn. Tesco readies Jack’s announcement and all the latest news from the City.
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NewsMedia Bites 12 Sept: Tesco/Jack's, Unilever, Morrisons
The launch of a Tesco’s discount chain is set to be announced in Cambridgeshire next week as Britain’s biggest supermarket group unveils its Jack’s concept to battle the discounters.
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NewsLandmark & Today's Group ready merged Unitas board structure
A wider 30-day consultation on the Unitas structure will kick-off on 24 September…
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NewsBlakemore Trade Partners targets boost for Spar retailers
Blakemore sales director Neil Mercer said it wanted long-term partnerships with its retailers
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NewsUnilever announces Netherlands relocation details
Consumer goods giant Unilever has announced plans to “simplify” its company structure with the creation of a new single holding company, ahead of its planned headquarter move to Amsterdam.
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NewsCity snapshot: Seachill growth boosts Hilton Food Group sales
Sales jumped 25% at packaging and food processing giant Hilton Food Group (HFG) in the first half of 2018, boosted by the strong performance of Seachill, Unilever revealed plans for a new holding company ahead of its Dutch move, and the rest of the latest news from the City.
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NewsMedia Bites 11 Sept: Mondelez, ABF, UK economy
The boss of the European division of Mondelez International, which owns Cadbury, says that it is stockpiling ingredients and finished confectionery and biscuits in case of a no-deal Brexit
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NewsHealth Made Easy buys mint and gum brand Peppersmith
The sugar free chewing gum business has been bought by the parent company of organic food wholesaler Tree of Life
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NewsSalad and veg shortages to affect UK until October, warn growers
Wholesale cucumber prices have doubled due to the summer’s extreme hot weather
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NewsABF profit “progress” dragged back by currency and sugar woes
Associated British Foods has issued a pre-close trading update for the year to 15 September, noting that strong profit performance from Primark, grocery and other divisions will be hampered by lower EU sugar prices.
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NewsMedia Bites 10 Sept: Sainsbury's/Asda, Dave Lewis, John Lewis Partnership
Sainsbury’s has acknowledged that regulators could scupper the British supermarket group’s proposed merger with rival Asda.
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NewsFarmfoods annual sales drop 4% amid “competitive” market
Scottish frozen foods retailer Farmfoods posted a 4% drop in annual revenues last year as competitive pressures continued to weigh on the grocery chain.
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NewsCovent Garden Market Authority reports £100m profit boost
Traders within the market saw turnover increase 6% to £626m despite declining occupancy
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NewsBakkavor picks up Haydens Bakery as like-for-likes improve
The deal involves a cash payment to beleaguered Real Good Food of £9.6m
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NewsMcColl's shares rebound after P&H collapse dragged value down
McColl’s stock had plunged to a two-year low of 125p in late August put is now up 12.1% for the week
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NewsNatural Drinks Co ceases trading after failed investment
The company was wound up after hiring liquidators BDO last month, but hopes to secure funding to resurrect its brands in the future
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NewsSales rocket 75% at Grenade on back of PE acquisition
The snack bar and drink maker delivered strong growth after being bought by Lion Capital in March 2017
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NewsCity snapshot: English whisky producer plots London IPO
English single malt whisky distillery The Lakes Distillery has plans to list on the London Stock Exchange to raise up to £15m to fund further growth. Plus, World Cup and warm summer help boost Greene King’s Q1 like-for-likes by 2.8%, the UK high street suffers its worst month for three years and all the rest of the latest news from the City.