All Finance articles – Page 452
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NewsAmazon to cut hundreds of jobs at its Seattle HQ
The online giant is to shift resources into fast-growing areas like its work on voice assistant technology Alexa
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NewsCity snapshot: Meridian snapped up by SHS Group in £50m deal
Nut butter brand Meridian has been bought by Northern Irish consumer goods company SHS Group in a deal exclusively flagged by The Grocer. Plus, the FTSE starts the week on the front foot and all the rest of the latest news from the City.
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NewsMedia Bites 13 Feb: Plant-based foods, Morrisons, Amazon
Whole Foods and Costco have been criticised for their inadequate response to an investor push for food companies to decrease their reliance on meat and animal products.
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Comment & OpinionCould a Tesco discounter offer really frighten Aldi and Lidl?
Tesco needs to tread very carefully if it goes down such a path, remember Sainsbury’s decision to pull the plug on its Netto venture at a cost of tens of millions?
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NewsSHS Group acquires Meridian and Rocks owner 3V Natural Foods
Northern Irish consumer goods company SHS Group has acquired a majority stake in nut butter brand Meridian to add to its growing portfolio of brands, as tipped by The Grocer last month.
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NewsStruggles of former UK confectionery arm hit Raisio’s profits
Full-year sales and earnings at Finnish food group Raisio fell last year as a result of “challenges” in its now-divested UK confectionery business. However, the company is now targeting acquisitions as part of a wider turnaround plan.
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NewsUK food & drink exports hit record highs in 2017, says Defra
The figures, presented by Defra as a ‘Brexit boost’ were up by more than £2bn in real terms on 2016, it said…
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NewsSandpiper CI signs up to Morrisons wholesale deal
Sandpiper will convert 24 stores to the Morrisons Daily fascia…
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NewsTesco discount chain: analysts react to latest developments
How the City responded to news of Tesco’s discounter plans in an attempt to level the playing field with Aldi and Lidl
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NewsLoveRaw rejects £50k Dragon offer in favour of private cash
The brand’s founder Rimi Thapar appeared in last night’s Dragons’ Den seeking investment in return for a 5% stake
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NewsManagement buy UK bonded warehousing specialist MSX
The distributor of BWS and confectionery to travel retail is now owned by Peter Blatch, Rob Glanville and Mark Pullen…
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NewsNestlé acquires plant-based brand Terrafertil
Nestlé has made further strides into the plant-based food sector with the acquisition of a majority stake in Latin American brand Terrafertil, which has a growing presence in the UK health market.
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NewsMedia Bites 12 February: Unilever, Tesco, Morrisons, 2 Sisters
Unilever creates waves this morning after threatening to pull marketing spend from platforms failing to tackle fake news, protect children, promote hate or create division in society. And a secret plan by Tesco to launch a discount chain dominates the weekend papers.
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NewsCity snapshot: Tesco plots launch of discount chain to rival Aldi and Lidl
Tesco is hatching a secret plan to launch a new discount chain in an attempt to level the playing field with Aldi and Lidl, it is understood. Plus, Heineken full-year organic revenues increase 5% to €21.9bn as momentum from the first half continued into the second and its flagship brand put in one of its best performances for year; and Nestle acquires a majority stake in Terrafertil, a company selling natural, organic, plant-based foods and healthy snacks.
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NewsG Simmons & Sons scores funding to meet pork scratchings demand
Pork scratchings manufacturer G Simmons & Sons has secured a six-figure bank funding package to help it expand operations to meet surging demand for its products.
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NewsFemale sales directors paid 38% less than men
Real-time salary data showed male sales directors earn £138,885 on average while females in the same role earn £86,600
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NewsWalkers infuriates wholesalers with Booker van move
Walkers has antagonised some of its wholesalers in the wake of Palmer & Harvey’s collapse by partnering with Booker
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NewsOcado share price takes hit as profits stall
Ocado’s share price surge came to a halt on Tuesday after it revealed its annual profits had fallen back into the red
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NewsSainsbury's and Euro Garages terminate forecourt franchise deal
Companies have mutually agreed to end nine-store trial after two years.
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NewsCity snapshot: Tesco sets five year inflation high as annual grocery prices rise 2%
Supermarket price inflation edged up to 2% in the first month of the new year according to the latest Grocer Price Index – but there is wide disparity across the big four, with Tesco price rises swelling the overall figure. Plus another grim day for international stock markets takes its toll on grocery shares and all the rest of the latest news from the City.