All Finance articles – Page 66
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NewsCosta MD resigns
High street café Costa Coffee has announced that managing director Christopher Rogers is to step down.
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Product NewsCarr’s Group ekes out profit rise despite fall in revenue
Carr’s Group has reported a small 0.5% rise in operating profit to £9.6m for the six months ended 27 February 2016, despite a 9.4% plunge in revenue to £189.1m.
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NewsTesco rumoured to be selling off Euphorium and Harris + Hoole
Tesco is reportedly on the verge of selling its offshoots Euphorium Bakery and the coffee shop chain Harris + Hoole.
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Product NewsABF acquires majority Illovo stake for £262m
Kingsmill owner Associated British Foods (ABF) is to spend £262m to buy up the remaining stake in Illovo Sugar.
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NewsM&S food sales up 4% in Q4
In its fourth-quarter trading update issued today (7 April), Marks & Spencer (M&S) has reported that food sales were up 4%, in contrast to its “unsatisfactory” clothing and home division.
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NewsCo-op boss takes pay cut as profits dip
The Co-operative Group has reported 3.3% underlying profit growth in food sales, up to £250m for the 52 weeks to 2 January 2016.
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Product NewsCallebaut issues ‘solid’ half-year results
Chocolate and cocoa manufacturer The Barry Callebaut Group is buoyant, despite the impact of a strong Swiss franc and a weak cocoa products market, leading to a slump in net profits.
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Product NewsBakery market suffers as snacking falls
The war on sugar is starting to have an impact, with people turning their backs on sweet baked goods and pastry products because of health concerns, according to new figures.
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NewsPremier holds talks with McCormick
Premier Foods has revealed it has had “detailed” and “constructive” discussions with takeover suitor McCormick.
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Product NewsBakers advised to secure dairy supplies
Bakers have been warned to lock in their dairy commodity prices, which are at a 10-year low.
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Product NewsCarr’s Water Biscuit production restarts at flood-hit factory
Carr’s Water Biscuit production has resumed at United Biscuits’ (UB) Carlisle factory for the first time since it was flooded last December.
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NewsGrocery prices drop for 4th consecutive month
The cost of groceries has dropped for the fourth month in a row, according to mySupermarket.co.uk.
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NewsUnited Biscuits identifies £500m growth opportunity in biscuits
United Biscuits (UB) has identified £500m of growth opportunity in the UK biscuit market as part of its first Biscuit Review.
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NewsPremier rejects third takeover bid
Premier Foods has rejected a fresh offer from US spice brand McCormick, which valued the company at 65p per share.
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NewsMcCormick issues third offer for Premier
US spice brand McCormick has upped its offer on Premier Foods to 65p a share.
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NewsPatisserie Holding’s Luke Johnson backs Brexit
The Vote Leave campaign group has published a list of 250 business leaders whom it says support Britain leaving the EU, including Luke Johnson, chairman of Patisserie Holdings.
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NewsPremier Foods under fire for takeover rejection
Premier Foods has been criticised by shareholders for its handling of a takeover offer from US spice brand, McCormick.
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NewsPremier Foods sells 17.27% stake
Nissin, a Japanese instant noodle firm, has committed to buy a 17.27% stake in Premier Foods.
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NewsPremier Foods’ shares jump after takeover rejection
Shares in Premier Foods jumped to a high of 54.05p yesterday, after the company announced it had rejected a takeover bid by US spice brand McCormick.
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NewsFoodservice sales growth slowing
The growth in the UK food sector will not match that of 2015, according to data analysis company Horizons’ managing director Peter Backman.