Finance news – Page 432
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NewsClearly Drinks acquires supplier Powerful Water Company
The acquisition is the first major move by the Perfectly Clear water manufacturer after it was bought by private equity last year
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NewsCity snapshot: Air travel underpins 7.3% third quarter sales rise for SSP Group
Travel retailer SSP Group has grown sales by 7.3% in the third quarter, with like for like growth of 2.7% in the period. Plus, key brands grow 6% at Dairy Crest in the first quarter and all the rest of the latest news from the City.
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NewsMedia Bites 17 July: Tesco/Carrefour, Premier Foods, M&S
Tesco’s cross-Channel food purchasing alliance with Carrefour could be called into question after the French antitrust authority opened an investigation into the impact of such tie-ups
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NewsBrexit import costs could lead to higher prices and less choice: Arla
Many dairy products could become a luxury after Brexit, according to a new study by the dairy co-op and the LSE
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NewsWH Smith Travel stores to trial Sainsbury’s food to go lines
The nine-store trial is set to kick-off next week
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NewsPoundworld stores to close on 6 August if no buyer is found
So far 25 stores have aleady closed with 80 set to shutdown on 22 July…
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NewsAnnual sales dip 3.4% at Finsbury Food Group
Full year sales at baked goods manufacturer Finsbury Food Group (FIF) dropped 3.4% as it was impacted by bakery closures and declining overseas sales.
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NewsMedia Bites 16 July: Premier Foods, Walmart, Unilever
Former Rank Hovis McDougall executive chairman Paul Wilkinson added to ranks criticising Premier Foods CEO Darby ahead of a showdown shareholders this week.
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NewsAdelie Foods sinks to £28.8m loss after losing contracts
The food-to-go supplier fell dramatically in the year-and-a-half after recording a £5.5m profit in the previous 12-month period
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NewsCity snapshot: Weetabix profits slide amid sales process 'management distraction'
Profits slid at Weetabix in the run-up to its sale to US food group Post Holdings newly filed Companies House accounts have revealed. Plus, C&C Group has completed the refinancing of its bank facilities after its Bibendum and Matthew Clark acquisition and all the rest of the latest news from the City.
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NewsMedia Bites 13 July: Walmart, B&M, Ocado
Walmart has approached bankers about a potential sale of its struggling Seiyu supermarket chain and exit from Japan following a tumultuous 16 years in the market.
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NewsWeetabix profits fall as Post takes the reins
Profits at Weetabix slid in the run-up to its £1.4bn sale to US group Post Holdings amid “management distraction” around the sales process and rising costs, according to newly filed accounts.
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NewsTrigo Vision gains $7m funding for checkout-free store system
The $7m in funding, from Hetz Ventures and Vertex Ventures, is to be used to grow the research and development team…
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NewsB&M’s first quarter sales rise 21.3% despite organic slowdown
B&M Bargains owner B&M European Value Retail has reported a 21.3% jump in first quarter group revenue, driven by new store openings, international growth and a small rise in organic sales.
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NewsMedia Bites 12 July: Unilever, Tesco, Sainsbury's
A top-five shareholder in Unilever has warned of forced selling of the consumer giant’s shares as unrest grows among British investors worried that the group has been “totally unreceptive” to fears over its HQ move to the Netherlands.
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NewsMRH boss Karen Dickens to step down following MFG takeover
CFO Steve Back will leave after a three to six month transition period
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NewsBlakemore to close final five depots it has been unable to sell
The wholesaler has previously sold four and closed three other sites
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NewsSainsbury’s appoints Martin Scicluna as chairman
Sainsbury’s has announced it will appoint former Deloitte and RSA Insurance chairman Martin Scicluna as its new non-executive chairman to replace David Tyler.
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NewsMedia Bites 11 July: M&S, Ocado, Tesco, Premier Foods
A hectic day of grocery and retail coverage includes M&S’ AGM, Ocado’s first half results, Charles Wilson stepping back at Tesco and an activist investor upping its stake in Premier Foods.
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NewsPremier Foods activist investor Oasis doubles down in bid to out CEO
Oasis Management, which described the company’s performance under Darby as “zombie-like”, has increased its stake from 9.1% to 17.3% a week ahead of Premier’s AGM