All Finance articles – Page 677
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News
Carrefour shares rise as international growth pushes up sales
Shares in French supermarket giant Carrefour have risen 2.5% to €30.89 thanks to continued sales growth in its second quarter
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City snapshot: Annual sales up by 45.8% at Finsbury Food Group
Bakery and cake supplier Finsbury Food Group (FIF) has grown revenues by 45.8% in the year to 27 June, plus second quarter trading figures from Casino and Carrefour and all the rest of the latest news from the City.
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News
Media bites 16 July: CMA, Lidl, JD Wetherspoon
Supermarkets are misleading shoppers by running confusing promotions, Britain’s competition regulator has found.
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News
Bakkavor completes Italian pizza exit
Bakkavor has sold its remaining 60% stake in Italpizza to Dreamfood, an investment company controlled by Italpizza’s MD Cristian Pederzini.
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Analysis & Features
OC&C Global 50: International expansion still holds key for struggling tobacco firms
Revenues and margins both fell for the globe’s biggest tobacco firms last year according to the OC&C Global 50, but an industry struggling with declining cigarette volumes is still looking to new markets to underpin future growth.
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Big four building less than a third of planned stores
Figures show that just 32 per cent of projects submitted for planning permission by big four have been built
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Lidl sales climb £700m to record £4bn as new HQ plans unveiled
Lidl has hiked its UK sales by £700m to a record £4bn for the 2014 financial year as more shoppers desert the mainstream grocers for the discounters
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City Snapshot: Carr's food volumes hold up
Volumes in Carr’s Group food division, which supplies flour to the likes of Warburtons, are ahead of a year ago
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Square Pie targets £2m from launch of ‘pie bond’
Gourmet pie business Square Pie, which has listings in Tesco and Ocado is aiming to raise up to £2m from a crowdfunding campaign to add new products to its supermarket range.
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Acquisitions drive Lindt’s first half sales up 17.4%
Swiss chocolate maker Lindt saw revenues grow by 17.4% in the first half of the year, largely thanks to its acquisition of US confectionery firm Russell Stover.
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Müller and Dairy Crest deal decision could come next month
Dairy Crest confirm a further update on the deal’s progress is due on 21 August
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City Snapshot: Dairy Crest reports strong cheese quarter
Dairy Crest says its expectations are unchanged on the back of strong cheese growth, while Ferrero reaches 72% of Thorntons ownership
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Media Bites 14 July: Living wage, Tesco, GCA, Bargain Booze
George Osborne’s new national living wage is likely to lead to higher prices at the supermarket checkout, according to Moody’s. Plus Tesco brings in new click & collect charges, the GCA asks questions of Morrisons and profits and sales rise at Conviviality retail.
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Analysis & Features
Conviviality Retails sidesteps takeover questions to focus on growth story
Conviviality Retail sought to shake any shadow potentially cast over today’s full-year results by the headline-grabbing reverse takeover bid of wine wholesale Matthew Clark by refusing to answer any questions on the subject.
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Analysis & Features
OC&C Global 50: Alcohol sales go flat but time not yet called on global potential
On the surface the global alcohol giants were amongst the worst performers in the 2015 OC&C Global 50, but the sector still looks well positioned for longer-term global growth.
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News
Bargain Booze owner lays foundations for growth
Conviviality Retail boss Diana Hunter has said the group is in a “strong position” to grow in the coming years after the Bargain Booze owner increased revenues 2.4% to £364.1m.
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Media Bites 13 July: Unilever, Conviviality, Fever Tree
Unilever is reported to have started a search for its next chairman, with Michael Treschow expected to step down.
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City snapshot: Full-year profits up 4.4% at Conviviality Retail
Conviviality Retail (CVR) has posted a 4.4% rise in pre-tax profits to £9.7m, plus the FTSE is boosted by the new agreement this morning between eurozone leaders and Greece.
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Conviviality Retail confirms bid for Matthew Clark
Conviviality Retail has emerged as a front runner in the £200m sale of specialist wine wholesaler Matthew Clark…
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Booker shares down following 'subdued' numbers
Booker has been a standout City performer over the past year, but its shares fell this week