All Finance articles – Page 384
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NewsCity snapshot: Tangerine invests £7.5m in York plant as it consolidates Big Bear production
UK-based sweet maker Tangerine Confectionery has invested £7.5m in its York factory as it formally integrates Big Bear Confectionery months after merging with the struggling brand. Plus all the rest of the latest news from the City.
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NewsTangerine to manufacture key Big Bear brands at upgraded York factory
The investment will see production of Big Bear’s key Fox’s and Poppets brands move to Tangerine’s York site.
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Comment & OpinionWhere’s the no-deal Brexit plan to prevent animal culls and food shortages?
The government has yet to provide the industry with much of the basic information it needs to plan for a no-deal scenario
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NewsKraft Heinz woes continue as it reports ‘unacceptable’ interim results
The packaged food giant reported pre-tax profits of $1.17bn, down 50% year-on-year
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Analysis & FeaturesWill the future be bright for Majestic after Fortress deal?
The sale of Majestic’s retail estate to the US equity firm is a complicated one. So what lies ahead for Majestic and Naked
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NewsCity snapshot: CCEP shrugs off poor weather to post first half growth
Coca-Cola European Partners has posted a “good” rise in first half sales volumes, revenues and profits despite poor weather in the second quarter of the year. Plus, first half trading updates from Coca-Cola European Partners, Kerry Group and all the rest of the latest news from the City.
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NewsMedia Bites 8 Aug: Diageo, Pizza Express, Brexit/Exports
A boom in the number of teetotalers and health-conscious drinkers has prompted Diageo to take a majority stake in non-alcoholic spirits brand Seedlip.
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NewsNumber of food & drinks suppliers in ‘distress’ grows amid economic slowdown
The number of food & drinks manufacturers in financial distress has increased by a further 3%, as Brexit uncertainty and weak consumer spending took its toll
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NewsAston Manor profits plunge despite sales increase as exceptional costs hit
Profits have tumbled at cider producer Aston Manor despite sales rising 5% in the first year of ownership under French co-operative Agrial as one-off costs hit the bottom line.
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NewsDiageo swoops for a majority stake in Seedlip
The deal – completed for an undislosed amount – follows Diageo’s minority investment in Seedlip in 2016
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NewsFDF calls for relaxation of rules to aid no-deal planning
Competition lawyers are not expecting the government to allow a relaxation of the rules
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NewsCity snapshot: Applegreen agrees $38m Connecticut plazas deal
Applegreen has further expanded in the US with the 40% acquisition of 23 highway services plazas in Connecticut for $37.6m. Plus, second quarter net sales rise 1.5% at Ahold Delhaize after a strike hits headline revenues and all the rest of the latest news from the City.
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NewsMedia Bites 7 Aug: FDF/Brexit, Diageo, AB InBev
The Food and Drink Federation has asked the government to waive aspects of competition law to enable businesses to co-ordinate and direct supplies with each other in the case of a no-deal Brexit scenario
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NewsHarvey Nichols bakery supplier expects £8k hit after Whaley Bridge dam evacuation
Derbyshire-based wholesale bakery Buxton Pudding Co was forced to halt production and abandon its premises after the partial collapse of the local dam
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NewsBRC-KPMG lament retail malaise
Like-for-like sales of food fell 1% in the three months to July, according to the latest data from the British Retail Consortium and KPMG.
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NewsMedia Bites 6 August: Tesco, M&S/Ocado, Takeaway.com/Just Eat
Usdaw said its Tesco members were ”shocked and dismayed”
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NewsUK retail woes continue with ‘worst July on record’
Retail sales in the UK continued to disappoint with the latest performance marking the ‘worst July on record’
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NewsTesco to cut 4,500 jobs in round of operational changes
The operational changes will mainly focus on its 153 Metro stores
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NewsEG Group acquires US forecourt retail operator Cumberland Farms
Cumberland Farms also has its own food and drink brands under the Cumberland Farmhouse and Cumberland labels
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NewsCity snapshot: Ocado completes JV with M&S
Ocado has completed its arrangements for a joint-venture with Marks & Spencer