Finance news – Page 491
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NewsCity snapshot: Greggs’ third quarter sales up 8.6% as better availability boosts trading
Bakery and food to go group Greggs has posted an 8.6% rise in total sales for the 13 weeks to 30 September, driven by strong like-for-like growth and new store openings. Plus, Refresco receives €1.6bn PAI offer, Britvic to shut Norwich factory, Coca-Cola HBC CEO dies and all the rest of the latest news from the City
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NewsMedia Bites 3 Oct: Tesco trial, Unilever, Coca-Cola
Three former senior Tesco executives carried on “conniving and manipulating” after a hole in Tesco’s accounts began “spiralling out of control” during the first half of 2014, a jury has heard.
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NewsInnis & Gunn adds three to its board in wake of private equity sale
Scottish craft brewer has added three directors to its board following the completion of its minority sale to global private equity house L Catterton last month.
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NewsWilliam Grant & Sons revenues and profits soar in 2016
Sales and profits have leapt at William Grant & Sons as the Scottish spirits giant thanks to “significant” currency tailwinds in the wake of the weak pound.
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NewsKing Elite Snacks secures £1m bank growth funding
The owner of dried meat snacks brand King Elite Snacks has bagged a seven-figure finance package to expand its manufacturing capability and support growth plans.
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NewsDeparture of Nisa CEO Nick Read 'will not impact Co-op bid'
Nisa confirmed on Saturday that Read was stepping down at a crucial time for the buying group
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NewsMedia Bites 2 October: 2 Sisters, Tesco, Nisa, Unilever
The fallout from The Guardian and ITV investigation in the chicken supply chain at 2 Sisters was covered over the weekend. Plus, stories on Tesco’s upcoming interim results; Nick Read leaves Nisa; and the Unilever spreads rumours continue.
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NewsCity snapshot: Nick Read walks away from Nisa
Nisa boss Nick Read suddenly left the buying group over the weekend, with the board starting immediate “succession planning”.
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NewsTesco workers 'bullied into cooking books' claims prosecution
Prosecution claims staff in “relatively subordinate positions” presented false figures to meet the profit targets
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NewsReal Good Food swings to £5.8m loss after troubled year
Beleaguered Real Good Food has swung to heavy losses after a delay in passing on Brexit-linked price inflation and poor cost controls, the group revealed in its full-year results released unscheduled on the London Stock Exchange this afternoon.
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NewsDawn Meats and Dunbia merger receives regulatory green light
Dawn Meats and Dunbia have completed the merger of their UK businesses after receiving the go-ahead from the UK’s Competition and Markets Authority.
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NewsTesco executives 'knew income records were wrong' court told
The men are charged with fraud by abuse of position and false accounting from February to September 2014
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NewsApplegreen raises £40m through share placement scheme
The forecourt operator sold more than eight million shares at €5.80 a share
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NewsSSP Group continues to ride food-to-go growth
The Upper Crust owner said in a pre-close update that fourth quarter sales were expected to increase by 17.5% year on year
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NewsNespresso and Waters defy UK trend of falling sales for Nestlé
The UK arm reported a 3.2% slide in headline sales in the year to 31 December
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NewsRecipe box delivery service Mindful Chef returns to the crowd
It comes just over a year after the business received more than £1m from a Seedrs campaign
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NewsCity snapshot: UK consumer confidence edges up in September
Consumer confidence in the UK ticked up last month despite increasing worries about personal finance, according to the latest consumer confidence index from GFK.
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NewsMedia Bites 29 Sep: Palmer & Harvey, 2 Sisters, Sugar quotas
Palmer & Harvey is on the brink of securing the future of its 4,000 workers after two giant cigarette-makers agreed to pump in millions of pounds of emergency funding.
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NewsMeridian eyes PE cash to fuel nut butter sales
Spreads business Meridian has hired corporate advisors to explore sale options
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NewsKellogg appoints former Coke and AB InBev exec as CEO as Bryant retires
Kellogg CEO John Bryant is stepping down from the helm of the global cereal and snack supplier next week after seven years in the role