Peter Taberner
NewsCountrywide Farmers hopes for rescue after Mole Valley deal collapse
Administrators are searching for a buyer for Countrywide Farmers Group’s retail business following the collapse of its proposed takeover by Mole Valley Farmers after the CMA blocked the deal.
NewsCity snapshot: Unilever ditches UK HQ for Netherlands base
Unilever has said that it plans to ditch the UK as its headquarters and will be now become a single entity based in the Netherlands. Plus PZ Cussons issues profits warning, under-pressure Conviviality cancels dividend and all the rest of the latest news from the City.
NewsMedia Bites 15 March: Morrisons, Conviviality, Walmart
Morrisons full-year results and investor dividends as well as another profits warning from Conviviality are covered in the papers this morning.
NewsMedia Bites 14 March: Greencore, Fever-Tree, Budget statement
Greencore’s profits warning, Fever-Tree’s annual results and Phillip Hammond’s spring statement are in the headlines this morning.
NewsCity snapshot: 'Strong year' for Morrisons sees progress on sales, profits and debt
Morrisons has announced a 2.8% rise in annual like-for-like sales, a double-digit jump in profits and a large reduction of net debt as its recovery under CEO David Potts continues. Plus, Conviviality shares suspended “pending an announcement”, Greencore drops 30% on yesterday’s profits warning and all the rest of the latest news from the City.
NewsGreencore shares slump 30% on US profits warning
Shares of food-to-go supplier Greencore have slumped by almost 30% today after it issued a profits warning on headwinds in its struggling US business.
NewsAnnual sales jump 21% at forecourt specialist Applegreen
Petrol forecourt retailer Applegreen is toasting increases in profits, revenue and growth, in its end of year financial statement for 2017.
NewsCity snapshot: Fever-Tree annual sales jump 66% but margins edge back
Drinks mixer supplier Fever Tree has announced yet another jump in sales, but a fall in its gross profit margin in its preliminary results. Plus, Greencore has announced a major restructure of its US operations and downgraded earnings expectations, Applegreen and CCR update the market and all the rest of this morning’s news from the City
NewsMedia Bites 13 March: Just Eat, Gousto, Chinese takeaways
Deutsche Bank has downgraded takeaway delivery firm Just Eat over £50m investment plan to fend off food delivery rivals Uber and Deliveroo
NewsSeaweed-based foods start-up Seamore seeks £220k from the crowd
Seaweed start up Seamore has launched a new crowdfunding campaign seeking to raise £220k to develop more seaweed products to add to its range.
NewsJigsaw Foods sees 18.1% pre-tax profit slump as costs rise
Despite that, the fast-growing company saw sales growth of 20.7% in the UK and 21.9% in the US…
NewsCity snapshot: Domino's defies UK consumer caution with sales jump
Domino’s Pizza Group, the UK-based master franchise business, has shrugged of a the struggles of the high street dining sector by posting a double-digit rise in revenues. Plus all the rest of the latest news from the City.
NewsCity snapshot: Stock Spirits profits hit by tough conditions in Poland
Central and Eastern European spirits producer the Stock Spirits Group has revealed a year-on-year increase in revenue and sales, but a decrease in profits on troubles in its core Polish business. Plus, Aldi signs up to UK Plastics Pact, FTSE 100 dips on trade worries and all the rest of the morning’s news from the City.
NewsMedia Bites 7 March: Sainsbury's, Just Eat, Coca-Cola
Sainsbury’s is facing opposition to a pay shake-up it says will give its 130,000 store staff a “leading rate” in the sector
NewsStrong US performance returns PureCircle to double-digit growth
Stevia sweetener producer PureCircle has returned double digit growth of 13.3%, driven by an excellent performance in the United States and Europe.
NewsCity snapshot: Strong February propels grocery sales up by 3.2%
Grocery sales jumped by by 3.2% in the 12 weeks up to February 25, according to the latest grocery market share results from Kantar Worldpanel. Plus market share figures from Nielsen, sales surge at Just Eat but shares hit by surprise loss, PureCircle returns to growth and all the rest of the latest news from the City.
NewsBakkavor spearheads global growth with US and China factories
Newly listed Bakkavor is plotting a global expansion push after posting solid maiden results
NewsMackie's profits hit by 250% rise in price of cream
Growth in chocolate bar sales as well as exports to the Far East helped ice cream maker Mackie’s grow sales
NewsBrexit vote hits Bon Bon Buddies profits
Welsh confectioner Bon Bon Buddies fell to a pre-tax loss last year, blaming the Brexit vote
NewsCity snapshot: Strong end to the year boosts AB InBev
AB InBev is toasting a solid performance in 2017, with fulll-year and fourth quarterly revenue growth of 5.1% and 8.2% respectively and strong bottom-line growth.