All Finance articles – Page 415
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NewsMenzies Distribution sold to PE firm Endless
Deal is pending shareholder and competition approval
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NewsHeineken cuts profit forecasts after Brazil expansion
Heineken, the world’s second largest brewer, has forecast a drop in profitability after expanding quicker than predicted in Brazil.
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NewsMedia Bites 30 June: Brexit, Marks & Spencer, Discounters
Supermarkets have asked suppliers to begin contingency planning in case Britain crashes out of the EU with no deal, prompting some to consider stockpiling goods
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NewsLotus Bakeries buys Kiddylicious to expand snack business
Kiddylicious, which was launched by former M&S food scientist Sally Preston in 2009, sought a sale as it looked to expand the brand internationally, as reported by The Grocer
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NewsElisabeth the Chef lowers losses after Country Style takeover
A reversal of asset impairment helped to significantly reduce exceptional costs
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NewsMcColl's profits suffer after P&H collapse disruption
Pre-tax profits for the six months to 27 May felll to £2.3m as supply costs increased
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NewsMedia Bites: Nestlé, Diageo and stockpiling food
Shares in Switzerland’s Nestlé rose yesterday after better sales in the US and China helped chief executive Mark Schneider pep up the performance of the world’s largest food and drinks group
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NewsCity snapshot: Reckitt Benckiser ups sales targets after baby formula growth
Durex and Clearasil maker Reckitt Benckiser (RB.) lifted sales targets after half-year revenues were boosted by its acquisition of Mead Johnson, Danone’s growth slows after consumer boycotts in Morocco, and the rest if this morning’s finance updates
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NewsKiddylicious seeking sale to boost global growth
The Kids Food Co is working with corporate finance boutique Stamford Partners on seeking external investment to drive its ambitious international expansion.
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NewsSecond quarter sales up 4.7% at AB InBev despite US slowdown
The world’s largest brewer AB InBev has reported second quarter revenue growth of 4.7% largely driven by pricing as volumes grew by just 0.8% in the quarter.
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NewsCity snapshot: Nestlé reports first half organic growth of 2.8%
Swiss food giant Nestlé has reported it is on course to hit full year growth targets after reporting organic growth of 2.8% in the first half. Plus, on a hectic morning, AB InBev has reported second quarter revenue growth of 4.7% largely driven by pricing, Diageo announces 0.9% full year sales growth and new share buyback, updates from British American Tobacco and PayPoint and all the rest of the latest news from the City.
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NewsMedia Bites 26 July: UK Retail, Sainsbury's/Asda, Coca-Cola
Nearly a fifth of British retailers are planning to cut the number of people they employ in the next three months as the high street continues to suffer from rising costs and a shift to buying online
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NewsGSK announces £1.7bn cost savings but stops short of consumer healthcare demerger
SK’s consumer healthcare sales fell 1% to £1.8bn in the second quarter, but the company failed to split off the consumer arm as recently predicted
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NewsNestlé vows to continue battle to protect EU trademark of Kit Kat shape
The ECJ today (25 July) threw out the confectionery giant’s appeal against a previous judgement by the EU General Court
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NewsCoca-Cola grows organic second quarter sales by 5%
Soft drinks giant Coca-Cola Company (KO) has reported 5% growth of organic sales in the three months to the end of the June, though headline revenues fell 8% due to the refranchising of its bottling operations.
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NewsEagle Eye losses grow despite 33% sales boost
Grocery tech firm Eagle Eye Solutions has recorded a 33% jump in full year sales, but its losses grew and customer volumes remain below expectations.
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NewsMedia Bites 25 July: Grocery sales, Britvic, Fever-Tree
UK grocery sales climbed at the fastest pace this year in the three months to mid-July as warm weather and England’s trip to the World Cup semi-finals boosted demand for alcoholic drinks.
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NewsCO2 shortage hits Britvic's third quarter sales
Britvic has reported a 3.4% increase in third quarter revenues to £366.9m, though revenue excluding the soft drinks levy fell 0.6% in the period as the CO2 shortage hit sales.
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NewsFever-Tree raises full year earnings expectations after strong first half
Fever-Tree expects its full year results to be “comfortably ahead of expectations” after posting first half revenue growth of 45%.
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NewsWorld Cup and hot weather drive supermarket sales surge
Grocery sales have jumped 3.6% in the 12 weeks to 15 July as the World Cup and the prolonged hot weather boosted trading according to Kantar Worldpanel.