Finance news – Page 426
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NewsHot weather and branded growth boost supermarket sales by 3.5%
Growth of branded products, which outstripped own-label sales for the first time since May 2015, helped grocery sales rise 3.5% over the 12 weeks to 12 August according to Kantar Worldpanel.
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NewsMedia Bites 21 Aug: Pepsi/SodaStream, Sainsbury's/Asda, Tyson Foods
Pepsi to buy SodaStream for $3.2bn in an effort to tap into a trend towards younger and more health- and environmentally-conscious consumers.
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NewsPepsiCo agrees to buy SodaStream in $3.2bn deal
Pepsico has agreed to buy home soft-drink-making business SodaStream International in a $3.2bn deal, Sainsbury and Asda could have to dispose stores in as many as 300 locations and all the rest of the latest news from the City.
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NewsMedia Bites 20 Aug: Sainsbury's/Asda, PepsiCo, and Amazon
J Sainsbury and Asda could have to dispose of stores in up to 300 locations across Britain if the two grocers are to succeed in convincing regulators to approve their proposed merger, reports The Times
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NewsHiggidy sales fall flat following 'major brand restructure'
Sales at premium pie maker Higgidy flat-lined last year as a major restructure of the brand hit revenues, though sales have picked up in recent months.
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NewsSnack brands Pastinos and Raw Chocolate Co appoint administrators
Pastinos pasta snacks is on the market for a potential rescue deal, while Sussex-based The Raw Chocolate Co was bought from administration, saving a dozen jobs
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NewsTuk Tuk Chai ditches dragon’s investment for crowdfunding
The chilled drink manufacturer appeared on Dragon’s Den but confirmed after filming it decided to walk away from the deal in favour of a £150k cash injection from the crowd
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NewsSignature Flatbreads begin recruitment drive after £10m cash boost
Sales jumped 17% over the past year, the company said, with working capital and a recruitment drive needed to upscale production
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NewsBernard Matthews hiring to service supermarket supply deal
The turkey giant is set to create an extra 400 jobs at its Great Witchingham plant
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NewsCity snapshot: Tuk Tuk Chai ditches Dragons' Den for crowdfund cash
A chilled chai drink manufacturer which secured a £100k investment on Dragons’ Den has ditched the funding in favour of a crowdfunded cash injection, Vaping should be promoted as a less harmful alternative to smoking by the government, a committee of MPs has said today and the rest of the news from the City.
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NewsMedia Bites 17 Aug: Asda, Carlsberg, UK retail sales
Asda has secured its fifth straight quarter of rising sales, boosted by an expanded vegan range and the launch of premium gins
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NewsChewy Moon reaches out to crowd to fund retail expansion
Direct-to-consumer children’s snack company Chewy Moon has reached out to the crowd for a cash injection to fund a move into retail stores.
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NewsRetailers call on chancellor to freeze business rates
Latest CPI figures means retailers are facing a near £200m rates hike
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NewsCarlsberg upgrades earnings forecast after strong first half
Carlsberg has upgraded its full-year earnings expectations after posting a 5.1% rise in organic net revenue in the first half of the year. Plus, Henkel has downgraded its full year earnings expectations as currencies hit its annual results and all the rest of the latest news from the City.
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NewsMedia Bites 16 Aug: Constellation Brands, Greencore, BHS
Corona beer maker Constellation Brands doubled down on its bet on the budding marijuana industry, pumping just under $4bn into a Canadian group that has sought to capitalise on the spreading legalisation of weed.
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NewsUS meal replacement sensation Soylent coming to UK
The “engineered nutrition” brand will be available to Brits from September exclusively via Amazon
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NewsKarma food waste app set to expand to UK supermarkets
New £9.4m fundng will help Karma treble the size of its team and target new territories
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NewsCoca-Cola takes stake in US sports drink supplier Bodyarmor
Coca-Cola has agreed a deal to acquire a minority stake in US sports drink supplier Bodyarmor as it eyes the global sports drink market.
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NewsMedia Bites 15 Aug: Juul Labs, Coca-Cola/Bodyarmor, The Co-op
San Francisco vaping brand Juul Labs looks set to exceed its initial “aggressive” sales targets for the UK, but analysts warn its meteoric rise might be curtailed by regulators and competition.
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NewsGood Hemp sells majority stake to PE investor Inverleith
Private equity investor Inverleith has bought a majority shareholding in plant-based food and drink brand Good Hemp after agreeing a ‘seven-figure’ deal.