All Finance articles – Page 387
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NewsCity snapshot: Associated British Foods delivers ‘resilient’ performance
Associated British Foods has reported a rise in profits as it delivered a “resilient performance” offsetting ongoing troubles at its Sugar division
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NewsMedia Bites 5 Nov: Uber, M&S, Just Eat
Lower than expected overall number of active customers and activity at Uber Eats hit the taxi company’s bottom line as it reported losses of £1.2bn in the third quarter
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NewsRetail sales recover in October as bigger discounts encourage spending
On a total basis, sales rose 0.6% in the four weeks to 26 October
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NewsValue of food industry M&A deals drops over 60% in September
The UK emerged as the top country in terms of M&A activity in September, with six deals completed in the period
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NewsNutri-Genetix to crowdfund for launch of genetically personalised shake
The nutrition company has already raised £178k to fund a new year launch of its shakes
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NewsCity snapshot: Takeaway.com increases Just Eat deal likelihood by way of offer
Dutch food delivery giant Takeaway.com has increased the “certainty” of its all-share combination with Just Eat by implementing the merger by way of an offer
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NewsMedia Bites 4 Nov: Asda, Coffee Pods, McDonald’s
Asda has granted an extra week to staff in order to sign new contracts or face the sack
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NewsColgate-Palmolive sales rise but miss analysts’ forecasts
The US consumer goods giant reported net revenues of $3.92bn, up 2% on the comparative period in 2018
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NewsDevoted Pet Foods seeks £100k from crowd for launch into DTC
The brand is looking to raise £100k on Crowdcube in exchange for a 4.8% stake
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NewsCity snapshot: Tesco pledges to remove one billion pieces of plastic by end of 2020
Tesco will get rid of plastic trays from ready meals, secondary lids and sporks and straws from snack pots as it tackles plastic use within the business
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NewsMedia Bites 1 Nov: Kraft Heinz, Altria/Juul, Salmonella
Kraft Heinz’s struggles continue with another quarterly net sales decline as the fmcg grapples with changing consumer tastes
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NewsHarrogate Water exports boost sales in already buoyant sector
The Harrogate Spring Water and Thirsty Planet producer posted sales of £21.6m in the 12 months to 31 March 2019
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NewsRetail sector pay driven up by rise in high-skill roles
The gender pay gap in retail was broadly in line with last year at 9.5% in favour of males
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NewsFarmers urge review of Tomlinsons collapse and milk profitability crisis
The NFU said Tomlinsons’ fall into administration brought the issues facing the liquid milk market into ‘sharp focus’
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NewsBusiness rates system ‘unacceptable’ Treasury Select Committee concludes
Today’s report was dismissive of previous attempts to soften the blow of rates on retailers
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NewsCity snapshot: Rising prices boost organic sales at Carlsberg
Danish brewing giant Carlsberg has posted a 3.1% rise in third quarter like for like sales, driven by rising prices as volumes declined. Plus, UK consumer confidence drops again, Delivery Hero raises sales expectations, Hilton Food Group updates on trading and all the rest of the latest news from the City.
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NewsMedia Bites 31 Oct: Business rates, Consumer confidence, Juul Labs
Business rates have come under fresh attack from MPs amid fears the tax is crippling Britain’s high street
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NewsOff-Piste Wines sales surge on international growth
A 54% surge in international sales boosted revenues to reach nearly £40m
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NewsOnline Poundshop receives growth investment from Midven
Specialist eCommerce platform Online Poundshop has secured ‘considerable’ investment from venture capital firm Midven to fund growth.
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NewsCity snapshot: Retailers turn hopes to ‘golden quarter’ as prices drop
UK shop prices continued to slide in October, marking the fifth consecutive month of decline as retailers hoped to reverse weak sales with greater discounts. Plus non-execs step down at Sainsbury’s, Mondelez raises guidance on emerging markets growth and all the rest of the latest news from the City.