Finance news – Page 549
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NewsMedia Bites 4 Jan: Tesco, Deflation, West Cornwall Pasty Co, Britvic
“Tesco is left embarrassed by director’s fast checkout” is the headline in The Times (£) this morning on the surprise departure of Tesco director and Compass Group chief exec Richard Cousins.
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NewsHalewood plans whisky distillery in North Wales
The project, referred to as Aber Falls, is set for the Aber depot in Abergwyngregyn
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NewsAsda and Tesco go head to head over cupboard basics
2017 already shows signs of brutal competition among the supermarkets
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NewsSamworth Brothers buys West Cornwall Pasty Co
Samworth Brothers has acquired the West Cornwall Pasty Co from private equity group Endless, the company has confirmed today.
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NewsRetail growth will stagnate under Brexit and Trump says KPMG
Retail Think Tank members predict overall retail growth of just 0.5% in 2017
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NewsHealthy eating to fore in Morrisons price cuts
Morrisons has cut the price of 800 lines including many healthy eating lines and ‘superfoods’
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NewsCity snapshot: Britvic expands in Brazil with £54.5m juice acquisition
Britvic has agreed a £54.5m deal to further grow its presence in Brazil with the acquisition of Bela Ischia Alimentos juice and concentrates business
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NewsMedia Bites 3 Jan: Retail pay, New Year footfall, 2017 share predictions
Retail pay dropped sharply in 2016, according to a new report.
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NewsGraham’s the Family Dairy keeps profits flat as sales fall
Sales fell by £1.43m but a series of supply deals helped keep profits flat
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NewsPayPoint completes restructuring with £26.5m sale of mobile payments arm
PayPoint has sold its mobile payments business to Volkswagen Financial Services for £26.5m in cash, putting an end to its major restructuring project.
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NewsMedia Bites 23 December: Christmas, Weetabix, Champagne, Weight Watchers, Brexit
Supermarkets are braced for their busiest day of the year today, with shoppers expected to spend almost £900m on groceries for the Christmas break.
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NewsCity snapshot: Mega-deals fuel a 'vintage' year for food & drink M&A
Despite the surprises and shocks 2016 has thrown up - notably Brexit and a Donald Trump presidency - a senior City dealmaker argues that it has been a ‘vintage’ year for food and drink M&A.
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NewsEdible Oils sales hit by deflationary pressures
The raging supermarket price war, as the supermarkets battle the discounters to win back customers, has hit sales at Edible Oils, the producer behind the Crisp n’ Dry, Mazola and Olivio brands.
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NewsEden Research commercialises natural pest killer
AIM-listed agro-tech firm Eden Research has signed an exclusive commercialisation agreement for its product, which kills worm that attack growing fruit and veg, with Taminco, a subsidiary of Eastman Chemical Company’s global crop protection division.
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NewsCook Trading battles 'shaky' start but delivers another record year
Revenues jumped 14% to £45.1m in the year to 31 March 2016 thanks to a strong finish in the last five months, including a “fantastic” performance at Christmas as shoppers sought out quality food..
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NewsPrice rises, shrinkflation and margin pressure - the year ahead
As Brexit-driven inflation begins to bites, PwC partner Stephen Oldfield examines the fallout for supermarkets and suppliers - and the opportunities and threats ahead in 2017.
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NewsMedia Bites 22 December: Sainsbury's, Brexit, Coca-Cola, Hershey
Sainsbury’s CEO Mike Coupe is in the spotlight with a lengthy interview in which he says he is taking on Aldi and M&S, and the Argos takeover will boost group profits. Coupe adds that the discounters are now on the back foot.
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NewsConsumer confidence limps higher in December
Consumer confidence have finished a rollercoaster year by rising slightly in December as shoppers look to grab goods before the inflationary storm hits next year.
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NewsDeflation hits UK sales at Princes but profits rise
Annual sales fell at UK food and drink firm Princes as the widespread supermarket price deflation hit revenues, but lower input costs helped profits to grow.
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NewsCoca-Cola pays $3.3bn for AB InBev’s stake in Coca-Cola Beverage Africa
The Coca-Cola Company has announced it has struck a deal to acquire the 54.5% stake in Coca-Cola Beverages African from AB InBev.