All Finance articles – Page 523
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Media Bites 12 April: Pensions regulator, Asda, Majestic Wine
The UK’s pensions lifeboat has helped to block the sale of a packaging company after a prospective buyer drew up plans to dump its retirement scheme obligations
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City snapshot: Tesco posts first full-year UK sales rise for seven years
Tesco has posted its first full-year like-for-like UK sales growth since 2009/2010 as the supermarket’s recovery under CEO Dave Lewis continues to gather pace
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Oscar Mayer acquired by German PE house
UK ready meals supplier Oscar Mayer has been bought by German private equity player Deutsche Beteiligungs (DBAG) as it seeks to build a new European food group.
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Rising food prices could boost the discounters
Aldi and Lidl have been tipped to benefit from escalating grocery inflation after inflation remained at 2.3% last month despite rising prices for food, alcohol and tobacco.
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Labour to 'declare war on late payments' to small businesses
Jeremy Corbyn will also pledge not to increase the corporation tax rate for small businesses…
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Spar wholesaler Henderson sees record financial year
Henderson increased pre-tax profits by 11% to £24m and invested a record £34m throughout retail infrastructure and employment
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DX Group shareholder Gatemore aims to block John Menzies deal
The companies said the merger would result in yearly savings of £8m to £12m
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Food sales increase in March thanks to inflation but hopes rest on Easter
Food retailers managed to record growth in March but the rise was mainly driven by inflation as the sector pins its hopes on a bumper Easter.
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Media Bites 11 April: Tesco, Mondelez, Tim Hortons, Whole Foods
It was a fairly quiet start to the week for the grocery/fmcg world in the papers ahead of the Easter break, but Tesco stays in the headlines as its fine for the accounting scandal is approved in court.
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City snapshot: Majestic Wine retail MD John Colley steps down
Majestic Wine MD John Colley is leaving the wine retailer a little more than 18 months after joining to take a new role closer to his young children in the South of England
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ACS warns Jeremy Corbyn over Labour 'real living wage' pledge
The national living wage is set to reach 60% of median earnings by 2020
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John Menzies-DX Group tie-up 'good news' says NFRN
The companies said the merger would result in savings of £8m to £12m each year…
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Boycott report shows long-term effect of negative publicity
The report shows that of those who stopped using a brand, three-quarters (67%) still boycott it
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City snapshot: BrewDog sells 22% to US PE firm for £213m
BrewDog has offloaded a 22% stake to a US private equity house in a deal valuing the craft brewer £1bn.
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Media Bites 10 April: Tesco, Unilever, BrewDog, ABF, McCormick/Reckitt
Tesco gets some heavy coverage this weekend ahead of its latest annual results on Wednesday. Plus, Unilever continues to generate interest from the papers; and BrewDog sells a 22% stake to a US private equity house for £213m, valuing the brewer at £1bn.
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Unilever 'Sprexit' and strategic review: what the analysts say
The results of Unilever’s much-anticipated strategic review didn’t come as a great surprise to the City, but what did the analysts make of the announcement.
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Reckitt Benckiser to 'explore all options' with food sell-off
Selling off food assets seems to be all the rage these days
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As Reckitt sells off food, KPMG predicts fresh wave of M&A activity
Reckitt Benckiser’s sell-off of its food division is “just the start of a wave of M&A activity for fmcg companies”.
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City snapshot: Supermarket prices rise 1.4% in March
Supermarket inflation jumped 0.9 percentage points to 1.4% in March - the highest level of grocery inflation since Christmas 2013.
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Media Bites 7 April: Unilever, Co-op, Mothercare
“Unilever shake-up wins over investors” is the headline in both The Financial Times and The Times this morning as the City broadly welcomed the raft of measures to accelerate returns for Unilever shareholders.