All Finance articles – Page 592
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NewsConsumer confidence plunges at fastest rate since 1990 after Brexit
Brexit has led to a dramatic 11-point drop in July from -1 to -12 in the latest monthly consumer confidence index by market research firm GfK.
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NewsMedia Bites 29 July: Diageo, Carrefour, Amazon
Diageo’s hangover lifted last year as it cheered a 3.5% rise in full-year operating profits in its self-styled “turnaround” year.
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NewsReckitt profits hit by South Korea problems
Reckitt Benckiser first-half profits plunged 29% to £528m after it put aside £319m to pay compensation
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NewsDanone beats expectations as profits surge on stronger dairy sales
Net income at the French food giant more than doubled in the six months to 30 June to €935m
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NewsFiddes Payne feels currency pressure in 'challenging' market
Norman Brodie took charge of the business in early 2016 in a management shake-up following disappointing trading
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NewsAB InBev takeover of SAB Miller hits bump as pound collapses
The cash portion of the bid suddenly became more than 10% less valuable after the UK quit the EU
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NewsHeinz fights back by scaling up promotional assault
Heinz is ramping up supermarket promotions after reporting sales of its iconic beans and soups are struggling
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NewsBrexit currency slump to bring more UK meat to retail shelves
The fall of sterling against the euro is making British meat increasingly competitive against EU imports
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NewsPeanut price hikes put pressure on Meridian
There has been a 31% year-on-year hike in the cost of peanuts from Argentina
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NewsJames Hall snaps up 30 NECS convenience stores
Spar wholesaler has bought North East Convenience Stores for an undisclosed sum
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NewsRetail sales plunge 14% in latest CBI Distributive Trades Survey
The drop was more rapid than any time since January 2012 with weaker consumer confidence a likely factor
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NewsCommodities prices rocket as Brexit currency effect hits
Buying prices for almost all major commodities have soared in the UK as a result of the sterling crash
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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.