All Finance articles – Page 628
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Media Bites 29 Feb: Poundstretcher, PZ Cussons, Sainsbury's, Oppo, Poundworld
Procter & Gamble has filed a High Court action against Poundstretcher accusing the discounter of selling counterfeit Head & Shoulders shampoo and Ariel laundry powder.
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City snapshot: Morrisons shares soar on Amazon supply deal
The tie-up sent Morrisons shares soaring this morning but was bad news for Ocado, Tesco and Sainsbury’s investors.
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FDF seeks member mandate to run Brexit 'no' campaign
A crunch meeting of the UK’s biggest suppliers on Monday will decide if the Food & Drink Federation has a mandate to campaign against Brexit
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Danone shares rise as it predicts a positive 2016
The group, which has made significant changes in the past 18 months, predicted sales growth would slow slightly next year
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Brakes to be engine for Sysco Euro drive after $3.1bn buyout
Brakes will continue to operate as a standalone outfit within Sysco, led by CEO Ken McMeikan
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Tesco staff modelling exercise predicts loss of 39,000 jobs
Tesco is considering drastic reductions to its staffing levels
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Bird flu bans set to hike price of poultry
Global chicken prices went into freefall at the end of last year
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City snapshot: UK consumer confidence plunges in February
GFK finds consumer confidence has dropped markedly year on year
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Media Bites 26 Feb: British American Tobacco, Diageo, AB InBev
British American Tobacco has appointed a leading City law firm to investigate bribery allegations
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New Moy Park owner JBS Global sees UK profits fall 46%
The UK-based beef and pork importer JBS Global (UK) saw revenues rise by 5.9% to £157m in the year to 31 December 2015…
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Frozen fruit & veg supplier Newberry gets RBS funds
Newberry supplies frozen fruit & veg to the food manufacturing sector and owns the Smootheelicious brand of smoothie pouch…
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Beer volumes go flat at AB InBev
AB InBev has reported organic revenue growth of 6.3% in its 2015 financial year, despite a 0.6% decline in volumes.
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War on sugar fuels 5% fall for juice & smoothie sales
Volume sales fell 2.4%, while pressure from the discounters pushed average prices down 2.9%
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Currencies dampen full year performance at British American Tobacco
Currencies wipe out sales progress at BAT but help Henkel to post double-digit revenue growth
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Media Bites 25 Feb: UK retail, Unilever, Steinhoff
UK retailers are suffering from a New Year hangover after a strong start to the year, according to this morning’s papers
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Refresco Gerber buys German Pepsi bottling plant
Refresco Gerber reported a 3.2% increase in adjusted EBITDA in the third quarter of last year to €61.6m
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Coffee start-up Pact seeks £1m to fund growth into new markets
Pact will offer top investors a lifetime of free coffee, expert coffee classes and limited edition product in return
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Wilson's Kendal Mint Cake maker collapses for second time
Historic Kendal Mint Cake manufacturer Wilson’s has ceased trading with the loss of more than 120 jobs after collapsing into administration for the second time in nine months.
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McBride shares soar as restructuring plans show progress
Private label household goods manufacturer McBride has upgraded its full-year earnings forecast after seeing progress in its cost-cutting efforts.
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City snapshot: Glanbia delivers double-digit earnings rise
Irish food and dairy group Glanbia posts its sixth year of double-digit earnings increases