All Finance articles – Page 380
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NewsJuul is key to Altria-Philip Morris remarriage but rationale is fraught
Mixed reaction to proposed remarriage of Altria and Philip Morris
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NewsAF Blakemore reports ‘tremendous’ year as profits rocket
The wholesaler had made major investments in the period, upgrading and buying new stores, improving logistics and developing IT systems
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NewsWatmuff & Beckett hails ‘amazing’ response to Crowdcube funding campaign
The soup, risotto and broth maker is seeking £110k on Crowdcube in exchange for a 10% stake
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NewsLion Capital kicks off sale process for sports nutrition brand Grenade
The sports nutrition player is set for a multimillion-pound bidding war after private equity owner Lion Capital appointed advisors to explore a sale
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NewsCity snapshot: Premier Foods names new CEO and chairman
Premier Foods has named UK MD Alex Whitehouse as its new CEO and former Reckitt Benckiser finance chief Colin Day as chairman.
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NewsMedia Bites 30 Aug: Juul, Neat Burger, Consumer confidence
Juul, the e-cigarette maker, is being investigated over allegations that it used deceptive marketing to target minors.
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NewsConsumer confidence slips amid mounting pre-Brexit nerves
UK consumer confidence slipped back this month, as mounting Brexit uncertainty led to consumers feeling increasingly nervous
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NewsHighland Spring to reduce plastic use after securing £55.5m backing
Highland Spring Group will ramp up its environmental sustainability initiatives after securing multi-million-pound backing from HSBC UK
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NewsArla Foods posts strong sales but warns of Brexit concerns
Dairy giant Arla Foods hailed “strong” sales growth in the first half of 2019, but warned the impact of a hard Brexit could hit performance in the second half.
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NewsJosé Antonio Echeverría replaces Ron Lewis in key CCEP role
CCEP said Echeverría was an experienced business and operations leader
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NewsCity snapshot: McColl’s blames weather for third quarter sales slide
Convenience retailer McColl’s has announced a 2.2% drop in third quarter like for like sales, blaming “highly unseasonable” weather for the revenue drop. Plus, Pernod Ricard reports “strong” annual sales growth as it announces share buyback and $223m US spirits deal, PZ Cussons sells Greek food business and all the rest of the latest news from the City.
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NewsMedia Bites 29 Aug: Supermarkets, Altria/Philip Morris, WH Smith
UK supermarkets swept higher after a cheery analysis concluded they could flourish even if the UK doesn’t strike an agreement with the EU.
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NewsGreggs shares rise on UBS upgrade
Greggs shares rose over 3% after the stock was upgraded by analysts at UBS who believe in a “significant” growth opportunity for the baker
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NewsHain Celestial agrees £280m Tilda sale to Spain’s Ebro Foods
US food giant Hain Celestial group has completed the sale of rice brand Tilda to Spanish food processing business Ebro Foods for $342m (£280m) in cash, as reduces its exposure to UK Brexit uncertainty.
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NewsMedia Bites 28 August: Altria/PMI, M&S, Supermarket offers
The revelation of $200bn all-stock merger talks between Altria and Philip Morris International saw $13bn wiped off their combined value.
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NewsCity snapshot: WH Smith travel business delivers ‘strong’ performance
WH Smith (SMWH) has reported its travel business continues to perform ’strongly’ across all its channels. Plus, food inflation eases and all the rest of the latest news from the City.
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NewsUK shop prices fall in August amid high levels of promotions
UK shop prices have continued to slump in August as weak consumer spending and mounting competition led to higher discounting within the retail sector
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NewsCosta’s Jason Cotta named Ole & Steen CEO
Cotta worked for Costa Coffee for nearly seven years, working his way up from operations director UK to MD
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NewsCity snapshot: Supermarket Income Reit buys Sainsbury’s store
Supermarket Income REIT has announced the acquisition of Sainsbury’s supermarket in Preston, Lancashire, from Legal & General for £54.4m
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NewsMedia Bites 27 Aug: Asda/Walmart, Grenade, Melton Mowbray
Asda has told suppliers it is putting the development of new products on the back-burner as US owner Walmart looks to slash costs and considers a stock market float.