All Finance articles – Page 527
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News
Poultry sales help boost Moy Park revenues by 6.6%
Quarterly results posted by the JBS-owned processor this week showed year on year revenue growth of £22.9m to £370.4m
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City snapshot: Booker profits up 15% ahead of Tesco buyout
Tesco-bound Booker saw pre-tax profits rise 15% in its full financial year, driven by rising non-tobacco like-for-like sales growth. Plus, all the rest of the latest news from the City
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Media Bites 18 May: Nestlé, Co-op, Coca-Cola
Nestlé has been foiled once again in its long-running bid to trademark the shape of KitKat, its four-fingered wafer bar.
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Fourpure brewery invests £2m in production expansion plan
The move will allow the London business to install a four-vessel Craft-Star brewing system
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The Co-op links up with MRH for first-ever franchise deal
Seven new convenience stores will open over the course of the year with Co-op brand and own-label products
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Media Bites 17 May: Premier Foods, Dalton Philips, Tesco, Lavazza, inflation
Premier Foods is in focus in this morning’s papers after publishing annual results yesterday. Plus, former Morrisons boss Dalton Philips takes control of Byron Burger as its new chief executive leaves after just five months.
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City snapshot: Cider maker C&C slumps to a loss in 'challenging' year
Magners and Bulmers owner C&C Group has slumped to a loss as revenues declined by more than £100m and it was hit with exceptional charges totalling more than €150m
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Spar UK retail sales grow 8.5% to £2.84bn
Growth was fuelled by increase in retailer numbers, fresh marketing and focus on food service
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Moy Park revenues up 6.6% in first quarter
Northern Irish poultry supplier Moy Park has reported a 6.6% jump in first quarter revenues, according the newly published accounts from its parent company Brazilian meat giant JBS,
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Stefano Agostini is new CEO of Nestlé UK & Ireland as Fiona Kendrick steps down
Kendrick will continue in her role as chairman to provide strategic support to the Swiss confectionery giant
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Whitworths snapped up by Turkish wholesaler Anatolia
The merger between Anatolia and Whitworths, which creates one of Europe’s largest dried fruit, nut and seeds businesses, is the final step in a trading relationship dating back 38 years.
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City snapshot: Premier Foods lowers growth target and ups cost savings drive
Premier Foods (PFD) is shifting its strategy away from focussing on revenue growth to a more ’balanced approach’ after full year underlying sales slipped 1.4%
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Media Bites 16 May: FeverTree, Booths, Food waste
Posh tonic maker Fever-Tree hits £2bn after meteoric three year rise – but are shares about to peak, asks The Daily Mail?
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Booths CEO Chris Dee steps down
Executive chairman Edwin Booth is set to become chairman and CEO
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Comment & Opinion
Why the Tories’ workers’ rights charter might put the wind up big business
Food and drink organisations have been calling for the government to invest in the workforce, so why the jitters over a new Conservative election pledge?
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Allplants secures £800k investment as meat-free trend booms
Investors in the vegan ready meal startup include a venture capital firm and one of the founders of Propercorn, along with other food entrepreneurs
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Camden Town Brewery to open £30m brewery in North London
The 50,000+ sq ft site is poised to begin operating in July, and will produce 400,000hl of beer every year
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2 Sisters completes £10m Rogerstone Park site upgrade
The supplier has added a dedicated Far East ‘pod’ to its ready meals facility
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Media Bites 15 May: Asda, Tesco, Booker, Premier Foods, M&S
Asda is ”shunning” the City this week as it prepares to admit being the worst supermarket performer for the second year in a row. Plus, Tesco hits the headlines again; and Booker and Premier Foods prepare to publish full–year results.
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City snapshot: Late Easter fuels fastest quarter of footfall growth for five years
A late Easter and the weakened pound help boost footfall growth at the fastest pace for five years. Plus, a short trading update from Fever-Tree