All Finance articles – Page 390
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NewsAppleby Westward sees 10% profit hike as sales increase
The south west-based delivered wholesaler recorded pre-tax profits of £3.1m
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NewsCity snapshot: Tulip’s annual losses rise to £85m
UK pork giant Tulip has plunged to a pre-tax loss of £85m as low global pork prices and writedowns hit turnaround attempts at the Danish Crown-owned business.
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NewsMedia Bites 12 July: Digital tax, Reckitt Benckiser, M&S
Britain is on course for another trade showdown with President Trump after deciding to forge ahead with a special tax on Amazon, Google and other big technology companies
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NewsAdelie Foods sees £55m loss as impairment charges hit
Sandwich giant Adelie Foods posted another eight-figure loss despite improvements in its underlying performance.
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NewsHappy Egg producer Noble Foods reports profits jump as US egg market stabilises
Noble Foods profits jumped 650% with the company attributing the strong performance to a “more stable” US egg market.
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NewsGove warns of ‘significant’ no-deal Brexit challenges for food & drink sector
Defra Secretary of State Michael Gove said a no-deal will put a strain of the UK food & drinks manufacturing sector.
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NewsCity snapshot: Reckitt Benckiser agrees $1.4bn US drugs fine
Reckitt Benckiser has agreed to pay a $1.4bn fine to close a US Department of Justice investigation into the sales and marketing of an opioid addiction drug under its former pharma arm. Plus, McBride warns of further sales weakness and all the rest of the latest news from the City.
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NewsMedia Bites 11 July: Heineken, UK economy, M&S
Heineken’s pub chain is to be investigated over concerns it strong-armed landlords who wanted to cut ties with the brewer into continuing to sell its beer.
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NewsMcCain backs $7m plant-based nuggets start-up fundraising
Nuggs, a new plant-based “chicken” nuggets start-up, has officially launched after raising $7m in funding, with potato giant McCain its primary backer.
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NewsHaribo invests in UK expansion as export demand soars
The UK-based sweet manufacturer will increase production at its Castleton facility after demand from the US jumped.
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NewsCereal crops gain UK growing space as oilseed rape struggles
Rape crops struggled to establish themselves in last year’s dry autumn and were then damaged by the cabbage stem flea beetle
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NewsCauseway Capital to shut a further 14 Patisserie Valerie stores
The new private equity owner of Patisserie Valerie is to shut a further 14 stores at the cost of 100 jobs.
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NewsMedia Bites 10 July: Ocado/M&S, Asda, Patisserie Valerie
Ocado and Marks & Spencer are both heavily covered in this morning’s papers ahead of the launch of their JV.
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NewsSales of MSC UK fish and seafood hit £1bn mark
The certification scheme has crowned Tesco its ‘Supermarket of the Year’
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NewsPepsiCo sticks with 4% growth guidance after first half sales rise
PepsiCo reiterated its guidance of 4% revenue growth in the full financial year after reporting improved sales in the first half.
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NewsScottish Salmon Co mulls sale
The Scottish salmon producer is considering selling all or part of the business as part of a review launched in April.
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NewsPrinces unveils new pea plant in Lincolnshire as part of planned £80m investment
The investment is the “biggest ever” for the canned food giant.
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Analysis & FeaturesOC&C Global 50 report 2019: how fmcg giants reinvented the wheel
The latest top 50 report shows organic growth is returning. How have the global giants managed it?
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NewsAAC’s post-Brexit Irish border plans slammed as ‘unworkable’
BRC and FTA warned ‘alternative arrangements’ would not guarantee frictionless trade on the island of Ireland after Brexit
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NewsCity snapshot: Ocado posts deep first half loss after £100m Andover fire hit
Ocado has posted a first half pre-tax loss of over £140m after the fire at its Andover warehouse cost the online supermarket almost £100m. Plus, PhD Nutrition acquisition drives first half sales surge at Science in Sport and all the rest of the latest news from the City.