Finance news – Page 575
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NewsMedia Bites 16 August: Brexit, Sugar tax, Pensions
“Sterling sinks as market braces for truth on Brexit” is the main story in The Times this morning.
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NewsHigh street footfall creeps up despite predictions of doom
BRC figures also show the national town centre vacancy rate rose to 10.1%
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NewsLidl brings forward commitment to phase out caged hen eggs
Lidl has decided to align with the rest of the market and all other UK supermarkets
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NewsTV push for Hula Hoops Golden Hoops in £1.5m spend
The ad will run until 25 September to promote the crisps as a ‘permissible snacking’ option
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NewsMedia Bites 15 August: Morrisons, Ocado, Walmart, SABMiller
There is plenty to chew over in the papers this week despite the summer season being in full flow.
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NewsSupermarkets sales dip below £100bn as price war bites
A fierce price war and battling to win back shoppers from discounters Aldi and Lidl has pushed supermarket sales below £100bn for the first time in six years.
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NewsNestlé workers accept pension package after year of talks
A two-year 3% pay rise aims to lessen the impact of increased contributions for employees
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NewsMondelez snaps up Cadbury biscuit licence from Burton’s Biscuit Company
Mondelez International has united the confectionery and biscuit arms of Cadbury after acquiring the rights for the licence to make Fingers and Animals from Burton’s Biscuit Company.
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NewsOcado wins over the City with signing of Morrisons deal
The new agreement between Morrisons and Ocado sent Ocado shares soaring this week
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NewsCity snapshot: Bear targets international growth after 37% sales jump
Healthy snack brands Bear and Urban Fruit saw sales grow by 37% in the year it was taken over by Belgian bakery Lotus. Poundland hopes to be owned by Steinhoff by 16 September, but like for likes for 19 weeks to 7 August are down 4.9%, plus all the rest of the news from the City.
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NewsMedia Bites 12 Aug: Steinhoff/Poundland, Coca-Cola HBC, BHS
Steinhoff’s improved offer for Poundland yesterday is the major retail story in this morning’s papers.
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NewsBear sales soar in run up to Lotus takeover
Snack brands Bear and Urban Fruit recorded another year of healthy growth in the run up to being snapped up by Belgian bakery Lotus for £71m, as parents looked for easy ways to get their kids to eat fruit.
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NewsGeorge Eustice inspects revamped Ambrosia Creamery in Devon
A £12m investment at the plant has created 20 extra jobs and brought in new factory equipment
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NewsItsu serves up sales rise as demand for healthy food continues
Itsu has recorded a healthy 22% rise in revenues to £82.6m thanks to a 2.3% increase in like-for-like sales and another 10 store openings
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NewsProduct recall cost potato supplier Swancote Foods nearly £600k
Some 45 own-label ready meal lines were pulled due to metal contamination fears…
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NewsSnaffling Pig snacks brand secures £70k from Dragons’ Den
Dragon Nick Jenkins negotiated a 20% share in the business
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NewsRefresco volumes hit by bad weather and private label challenges
Refresco has warned that volumes will be below full-year expectations as poor summer weather and challenges in the private label business affected the European soft drinks bottler.
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NewsBakkavor reports strong revenue group in UK and overseas
Food group Bakkavor increased revenues 3.2% to £438.7m in the second quarter as it grew business with the supermarkets in the UK and the overseas business continued to soar.
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NewsJBS move to Ireland set to shake up UK and EU meat sector
The planned relocation of Brazilian meat giant JBS to Ireland could stir up the UK meat and poultry sectors and drive further investment by JBS across Europe.
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NewsActivist investor forces Steinhoff to increase Poundland offer
Steinhoff has upped its offer for Poundland by 5p to 225p a share following pressure from activist investors.