All Finance articles – Page 578
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NewsKout Food Group confirms Little Chef sale discussions
Kuwati firm Kout said it would evaluate all strategic options for Little Chef
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NewsCity snapshot: WH Smith upgrades profit expectations amid strong travels sales
WH Smith has upgraded its earnings forecast after reporting a 1% rise in like-for-like sales for the 21 weeks to 21 January as strong travel sales made up for the a downturn in high street
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NewsMedia Bites 25 Jan: Tesco faces fresh accounting lawsuit
“Tesco faces fresh lawsuit over past accounting irregularities”, writes The Financial Times after discovering the supermarket this month filed defence against separate legal case over the 2014 scandal.
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News‘Record cost savings’ boost annual profits at Kimberly Clark
Deep cost savings helped boost annual profits at US consumer goods giant Kimberley Clark, despite headline sales falling due to the strength of the dollar.
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NewsB&M issues £250m bond to support growth plans
The owner of the B&M Bargains retail chain is issuing £250m on bonds to refinance existing debt and boost its future growth plans.
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NewsSainsbury's chair warned over using staff to renovate home
Company board found Tyler breached ethical code of conduct but made no financial gain
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NewsFaccenda profits hit by low prices and tough conditions
Combination of currency fluctuations, fierce competition in retail and oversupplied markets materially affected profitability, it says
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NewsPZ Cussons shares drop amid first half profits slump
Shares in beauty and personal care product supplier PZ Cussons have dropped 8.6% in morning trading after the Imperial Leather maker revealed a 38% drop in first half profits.
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NewsMedia Bites 24 January: Sainsbury's, Tesco, McDonald's
All the papers follow up on news that Sainsbury’s chairman David Tyler used the supermarket’s staff to do up his £1.5m country home; Tesco mounts ‘robust defence’ against more than 100 shareholders suing for loss of value; and McDonald’s sales fall in the fourth quarter.
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NewsCity snapshot: Fever-Tree sales fizz ahead of expectations
Posh mixer brand Fever-Tree has upgraded its profit expectations for the year after sales continued to rapidly accelerate in the second-half of 2016. Plus, profits sink at PZ Cussons as Nigerian market continues to be challenging.
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NewsSales and profits up at ready meals supplier Oscar Mayer
Own label ready meals supplier Oscar Mayer grew sales by over 5% last year as strong demand from key customers helped negate the “challenging marketplace” in UK grocery.
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NewsWestons profits fizz as cider maker taps into craft
Profits fizzed higher at Westons as the cider manufacturer outperformed the struggling UK market thanks to growing consumer demand for more premium and craft brands.
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NewsBon Bon Buddies overseas focus delivers record year
Overseas expansion and new contract wins have helped Welsh confectioner Bon Bon Buddies to record results, with sales up 13% and profits more than doubling in the year to 30 April 2016.
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NewsCity snapshot: Boparan receives mystery £350m approach for Fox's Biscuits
2 Sisters owner Boparan Holdings has received a takeover approach for its Fox’s Biscuits business from an unnamed suitor, valuing the division at around £350m. Plus all the rest of this morning’s news from the City
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NewsMedia Bites: Weetabix, Premier Foods, Fox's Biscuits, Unilever
The runners and riders are lining up for the potential auction of Weatabix, with a host of names linked to a £1.5bn buyout of the cereal maker over the weekend.
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NewsPremier Foods investor urges sale as profits fall short
Concerns surrounding Premier Foods’ “ability to recover from its long-standing ‘zombie’ status”
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NewsPremier hit by fall in multibuys as higher costs squeeze margins
A reduction in supermarket multibuys and own-label growth has wiped out branded sales growth, Premier Foods has claimed
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NewsSupermarket shopping app Ubamarket secures PE rollout funds
The app is currently being trialled in the Warner Budgens flagship store in Moreton-in-Marsh
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NewsPE owner of Hancocks engages advisers to explore sale
The private equity owner of Hancocks Cash & Carry is exploring options for a potential sale of the specialist confectioner
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Analysis & FeaturesReynolds takeover 'will fire up BAT potential in e-cigs'
The success of Iqos in markets such as Japan and Italy has boosted PMI’s share price