All Finance articles – Page 590
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NewsTyrrells sold for £300m to US group Amplify Snack Brands
caPremium crisps brand Tyrrells has been sold to US-listed Amplify Snack Brands for £300m by its private equity owner Investcorp.
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NewsSabana fruit supplier falls into administration
A supplier of pomegranates, kiwis and other exotic fruits to UK supermarkets has collapsed after rescue attempts failed.
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NewsCity snapshot: Brexit fails to dent consumer spending in July
Warmer weather throughout July saw consumers loosened their purse strings to spend more on going out and clothes despite the uncertainty created by the vote to leave the EU.
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NewsMedia Bites 8 August: Poundland, SABMiller, Nestlé, Aldi
The tussle for Poundland has intensified as US hedge fund Elliott upped its stake in the fixed priced retailer giving rise to speculation that Steinhoff will be forced to up its £600m bid. Plus, The Mounties prepare a $4bn for SABMiller brands in Europe, and the Nestlé boss commits to the UK despite Brexit challenges.
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NewsFDF boss slammed for backing junk food Olympic sponsorship
Health campaigners have accused companies of dominating their advertising with full-sugar product varieties
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NewsFruit Bowl acquired by Pioneer Food Group in £7.5m deal
Wellness Foods has sold off its last remaining brand to South African cereal manufacturer Pioneer Food Group for £7.5m.
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NewsCity snapshot: Berry Bros & Rudd bounces back
Wine merchants Berry Bros slashes annual losses, the FTSE is boosted by interest rate cut as pound falls again and all the rest of today’s news from the City.
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NewsMedia Bites 5 Aug: ABInBev/SABMiller, Interest rates, BrewDog
Up to 576 UK jobs could go in AB InBev’s takeover of rival brewer SABMiller as AB InBev execs dominate new structure.
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NewsProfits surge at Kraft Heinz but organic sales fall back
Adjusted EBITDA increased 23.1% in the second quarter at recently merged Kraft Heinz despite a dip in organic net sales as integration cost savings kicked in.
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NewsBerry Bros & Rudd slashes losses during year of restructure
The Queen’s wine merchant, Berry Bros & Rudd, has dramatically cut its losses despite a drop in sales
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NewsAG Barr shares hit by weather-driven sales decline
The group has been besieged on a number of fronts in the first half as it battled category deflation
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NewsUnited Wholesale Scotland reports £5m boost with second depot
The Today’s member recorded a turnover rise of 2.5% to £227m for the year to 31 December
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NewsKellogg’s profits improve in Q2 but Brexit to dent revenues in year ahead
Kellogg’s has boosted profits but sales continued to fall, with weakness in the UK cereal market and the Brexit vote to cause greater currency disruption than expected.
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NewsBank of England cuts interest rates to record low
Interest rates in the UK have been slashed for the first time since 2009 as part of a package of measures by the Bank of England to stabilise the economy in the wake of Brexit.
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NewsMorrisons cuts prices to allay Brexit fears
Morrisons this week launched the third phase of its Price Crunch campaign by reducing the price of 1,045 everyday lines
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NewsCity snapshot: First half volumes up but sales flat at Kerry Group
Kerry Group has delivered a “solid” first half, with volume growth of 3.2% during the period while sales edged up 0.3% to €3bn
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NewsMedia Bites 4 Aug: Supermarket promotions, Poundland, NFU
Supermarkets have been accused of promoting obesity by allowing ‘special offers’ on seven out of 10 fizzy drinks.
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NewsSodaStream UK sales fizz as consumers cut down on sugary drinks
SodaStream first-half sales in the UK have fizzed 52% higher as consumers continue to ditch sugary drinks in favour of healthier alternatives.
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Comment & OpinionHow to smarten post-Brexit price tactics
Brexit holds many uncertainties but there is one near-certainty: grocers will face rising costs
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NewsCity snapshot: UK retailers plan post-Brexit supply chain changes
More than half of UK retailers were “unprepared” for Brexit and almost a third are planning to change up their supply chains as a result of the vote, new research from Barclay’s has revealed.