All Finance articles – Page 473
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NewsCity snapshot: Nestlé clinches global coffee deal with Starbucks
Nestlé has confirmed an agreement granting it perpetual rights to market Starbucks consumer and foodservice products globally outside of the company’s coffee shops. Plus, Wynnstay Group has appointed a new CEO, PureCircle launches Coca-Cola Stevia No Sugar, and a look at the City diary for the rest of the week.
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NewsMedia Bites 8 May: Sainsbury’s/Asda, Waitrose/Amazon, Nestlé/Starbucks
Up to 2,500 jobs in supply chains could be jeopardised by Asda and Sainsbury’s proposed merger, the New Economics Foundation has warned.
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NewsNestlé Purina looks to follow Nespresso model with Tails.com
Tails.com, the direct-to-consumer dog nutrition startup, looks set for major expansion after being acquired by Nestlé Purina PetCare.
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Analysis & FeaturesSainsbury’s & Asda mega merger: what we know and what it means
The market is still coming to terms with the Tesco-Booker deal and now this: a £51bn-sales combination play between Sainsbury’s and Asda has been confirmed. So what will it mean? And how on earth would it get competition clearance? Here’s an updated analysis from The Grocer following the announcement earlier this week
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NewsCity snapshot: Grocery inflation rises as soft drinks prices spike
Supermarket price inflation rose again last month as the advent of the ‘sugar tax’ caused a spike in the price of soft drinks. Plus, packaging group Smurfit Kappa Group posts underlying first quarter growth of 7%, Kellogg’s organic net sales rise 0.6% in Q1 and all the rest of the latest news from the City.
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NewsMedia Bites 4 May: Sainsbury’s/Asda, Tesco, Brexit
MPs have written to the Competition and Markets Authority (CMA) requesting more information about its proposed scrutiny of the Sainsbury’s/Asda deal.
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NewsMinimum unit pricing hikes cost of booze in Scotland
Shoppers this week faced price rises on more than 600 booze SKUs in Scotland
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NewsAlmost 45,000 retailers in "significant financial distress" after difficult first quarter
The number of retailer under “significant financial distress” in the UK has increased 21% following a quarter of decreased consumer spending
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NewsThe Collective wins New Zealand funding for global expansion
Yoghurt brand The Collective has secured funding from a New Zealand private equity house
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NewsCity snapshot: Kerry volumes up 3.7% in first quarter
Global taste & nutrition and consumer foods group Kerry has posted 3.7% growth in business volumes in the first quarter of 2018 and reaffirmed its earnings guidance for the full year. Plus, organic net sales fall again at Kraft Heinz, food inflation edges up according to BRC-Nielsen and all the rest of the latest news from the City.
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NewsMedia Bites 3 May: Sainsbury’s/Asda, Ocado, Kraft Heinz
UBS research that found that two in five of Asda’s largest stores are a five-minute drive from a Sainsbury’s has increased the likelihood of the £7.3bn merger facing close scrutiny by the Competition and Markets Authority.
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Comment & OpinionSainsbury’s-Asda merger shows 'Amazon effect' in action
Amazon has been a huge catalyst for change in UK grocery, says Natalie Berg of NBK Retail. And it’s been a key driver of the Sainsbury’s-Asda merger
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NewsEasyFood takeaway delivery service in talks with grocers
The service was launched in Birmingham last week and already has 200 subscriber restaurants
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NewsAdjudicator to cover Amazon and Ocado within a year
The Competition & Markets Authority has written to a raft of retailers in the past week, as GSCOP looks set to expand the existing list of 10 supermarkets
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Comment & OpinionWill the Sainsbury’s-Asda merger create a new retailer fit for the 21st century customer?
One of the biggest challenges the merged business faces is understanding its new, combined customer base, argues Paul Hinds of IRI
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Comment & OpinionThe Sainsbury's-Asda merger will hurt suppliers
The comment that big food companies “make spectacular returns and are very, very profitable” is an ominous opening gambit, says Warren Ackerman of SocGen
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NewsCity snapshot: Ocado signs international supply deal with Sweden's ICA
Ocado has signed its latest international supply deal with Sweden’s leading grocery retailer, ICA Group, which has about 1,300 stores. Plus, new non-execs at PZ Cussons, Mondelez posts first quarter organic revenue growth of 2.4% and all the rest of the latest news from the City.
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NewsMedia Bites 2 May: Sainsbury's/Asda, Market share, Co-op/Nisa
The UK Pensions Regulator is in “active discussions” with Sainsbury’s about its proposed merger with Asda and the impact this will have on both companies’ retirement schemes
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Comment & OpinionMinimum Unit Pricing: sensible strategy or temperance tantrum?
It’s a fiercely controversial bit of legislation – heralded by some as a pioneering move to save lives. But others see it as a sign of the temperance lobby’s steady creep towards power …
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NewsNew Fairtrade chair Mark Price insists it can 'bounce back'
Lord Price will take over the position from business strategy consultant Michael Jary