All Finance articles – Page 760
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Analysis & FeaturesOcado puts champagne on ice as it focuses long-term value
Champagne corks were not popping over at Ocado HQ yesterday despite the online retailer posting its maiden full-year profit after 15 years of trading, according to CEO Tim Steiner. His focus remains on driving long-term value for shareholders.
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NewsCargill swoops for Zambeef oil subsidiary for $25.7m
US multinational Cargill has agreed to acquire the edible oil and soybean meal subsidiary of listed agribusiness Zambeef for $25.7m.
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NewsOcado reports its first annual profit in 15 years of trading
Online grocer Ocado has, as expected, posted its first annual profit since it started operating 15 years ago as revenue jumped by almost 20% compared with 2013.
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NewsCity snapshot: Ocado defies the critics with first annual profit
Ocado (OCDO) has finally shaken the “never made a profit” monkey off its back after 15 years of trading this morning.
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NewsIrn-Bru owner AG Barr to shake up cocktail market with £21m takeover of Funkin
AG Barr is entering the cocktail mixer market with the acquisition of Funkin Cocktails in a deal worth up to £21m.
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NewsJohn Lewis cuts final salary pension benefits
The John Lewis Partnership has announced a host of changes to its pension scheme as it looks to claw back an £840m pension deficit.
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NewsInterbev UK raises a glass to Lloyds funding deal
Drinks wholesaler Interbev UK has secured a £9m bank funding package to support its growth.
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NewsMedia Bites 2 February: Tesco, GCA, John Lewis
All the papers had John Allan closing in on the Tesco chairman role over the weekend after the withdrawal of Ian Cheshire from the process.
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NewsCity snapshot: Tesco closes in on new chairman
Tesco looks to be closing in on a new chairman after its two person shortlist for the role was reportedly cut to one over the weekend.
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NewsSeabrook Crisps up for sale as it explores all strategic options
Seabrook Crisps has hired corporate finance advisors McQueen to “explore all strategic options”.
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Analysis & FeaturesCity News: Diageo unveils mixed results
Fittingly for a company whose products often wind up in cocktails, Diageo’s first-half results…
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NewsPoultry packager looks to future strong growth after rescue deal
A fresh poultry supplier to the likes of Asda has been sold out of administration saving the jobs of the 22-strong workforce.
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Analysis & FeaturesIntense competition in UK grocery market driving food and beverage M&A
Fierce competition in UK grocery will be the main driving force behind an uptick in food and beverage M&A this year, according to new analysis by Grant Thornton.
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NewsStrong Christmas for Cranswick but pig price deflation hits revenue
Deflation in pig prices has continued to act as a drag on Cranswick revenues in its third quarter but failed to make a dent in the group’s profits.
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NewsDiageo sees improving sales trends despite first half revenue dip
Diageo CEO Ivan Menezes hailed an improved first half performance despite posting lower than expected sales this morning after a slowdown in Latin America and Asia.
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Analysis & FeaturesBernstein: “In current shape, the UK does not need Morrisons”
Morrisons’ investors may be breathing a sigh of relief after the supermarket’s near 10% share price recovery so far this year, but Bernstein analyst Bruno Monteyne poured the coldest of waters on the retailer’s recovery today.
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NewsMolson Coors sells its UK maltings business to Soufflet Group
Brewer Molson Coors UK has agreed to sell its maltings business to French agriculture group Soufflet.
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NewsFirst Milk returns to annual profit after 15% sales boost
First Milk has reported a 15% hike in revenue and a return to profit in its financial results for the year ending 31 March 2014.
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NewsIrn-Bru maker AG Barr outperforms soft drink market with sales up 5%
AG Barr has posted a final quarter trading performance “well ahead” of the soft drinks market with revenue growth of 5% for the period ended 25 January.
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Analysis & FeaturesFood-to-go continues to drive Greencore in 2015
Greencore posted a robust Q1 performance today but the best is yet to come from its food-to-go business in 2015.