All Finance articles – Page 580
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NewsMedia Bites 28 July: SABMiller, Retail sales, Coca-Cola
SABMiller has told employees to stop working on integrating operations with those of Anheuser-Busch InBev.
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NewsNumber of full-time retail jobs in fastest fall in two years
The number of full-time equivalent employees fell 2.4%, with retail outlets down 0.4% in the second quarter
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NewsAsda income tracker reveals extra £12 of disposable income
Asda says consumer spending power has now risen for 20 consecutive months
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NewsStrong dollar drags down Coca-Cola’s second quarter sales
Coca-Cola’s net sales dropped 5% in the second quarter to 30 June as Coke was hit by negative currency movement and tough global economic conditions.
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NewsMondelez to enter China chocolate market with Milka range
The Cadbury Dairy Milk owner has been under pressure from activist investors to improve results
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NewsTurners Fine Foods collapses with 484 redundancies
Landmark Wholesale member Turners Fine Foods has collapsed after a failed turnaround attempt, with almost 500 staff losing their jobs.
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NewsUK economy grows faster than expected in run up to Brexit
The economy was estimated by the ONS to have grown by 0.6% in the three months to the end of June, increasing from 0.4% in the first quarter of the year.
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NewsCity Snapshot: Store growth helps sales rise 2.2% at McColl’s
Total revenues were up to £469.2m, driven by the acquisition of 24 new convenience stores
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NewsMedia Bites 27 July: AB InBev/SABMiller, Supermarkets, Fever-Tree
“Beer merger on the brink after higher bid falls flat” writes The Times after yesterday’s improved AB InBev offer for SABMiller fails to convince investors
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NewsFever-Tree relaxed about potential tonic war as sales and profits continue to fizz
Fever-Tree’s founders are relaxed about the impending entry of Britvic in the premium mixers category after its revenues soared 69% to £40.6m in first half.
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NewsGreencore sees “modest” Brexit impact as food to go drives sales increase
Greencore’s revenues were up 4% in the 13 weeks to 24 June, with Brexit having only a “modest” impact on the convenience food giant’s trading.
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NewsFamous Grouse owner profits hit by ‘fierce’ competition
The Famous Grouse and Cutty Sark brands suffered double-digit falls in sales, offsetting growth for single malts The Macallan and Highland Park.
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NewsDCS Group invests £10m in expansion plans
Household brands distributor DCS Group has invested £10m expanding its operations to a new 25-acre site in Banbury with funding from Barclays.
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NewsRefresco enters US with $129m Whitlock Packaging deal
The deal is Refresco’s first step towards expansion beyond Europe, with a ”strong” second platform for further growth in North America.
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NewsFood-to-go category set for 7% rise in value to £16bn: IGD
IGD said the opportunities presented to suppliers could only be exploited if they understood the market
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NewsAB InBev ups offer for SABMiller after investor pressure
AB InBev that it has made a revised and “final” offer for SABMiller after the post-Brexit slump in the pound had led to investors questioning the value of its original offer.
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NewsPoor weather drives the worst supermarket sales figures for two years
During the four weeks ending 16 July 2016, the value of sales was down 2.4%
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NewsMedia Bites 26 July: BHS/Sir Philip Green, Hammerson, LVMH
Libel lawyers acting for Sir Philip Green have demanded an apology after MP Frank Field likened the retail tycoon’s conduct to that of Robert Maxwell,
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NewsFine Food adds to portfolio with Clarks and Wild Tastes acquisitions
Clarks Speciality Foods and Wild Tastes both supply premium, specialist products to the foodservice sector and speciality retailers across Scotland.
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NewsAhold Delhaize starts trading as €9.8bn merger goes live
The €9.8bn merger of Ahold and Delhaize received clearance from US regulators over the weekend.