Food & Beverage Sector News

Latest News

  • Ex-Diageo boss Walsh quits HSBC after 'over-boarding' alert

    One of Britain's most respected businessmen has stepped down from the board of HSBC Holdings (Frankfurt: 923893 - news) after voting advisers raised concerns over his portfolio of directorships. The bank confirmed a story first reported by Sky News that Paul Walsh, the former chief executive of Diageo (LSE: DGE.L - …

  • French stocks slip in flat European market as vote nears Reuters - UK Focus - Fri, Apr 21, 2017 17:01 BST

    French blue-chip stocks underperformed other European benchmark indexes on Friday as investors retreated from risky bets ahead of the too-close-to-call first round of France's presidential election. The ...

  • HSBC says former Diageo chief Walsh to leave its board Reuters - UK Focus - Fri, Apr 21, 2017 16:23 BST

    HSBC said Paul Walsh, the former chief executive of drinks maker Diageo, is to step down from its board with immediate effect in order to focus on his other commitments. Walsh only joined the bank's board ...

  • UK retail sales post biggest quarterly fall since 2010 Reuters - UK Focus - Fri, Apr 21, 2017 16:03 BST

    British retail sales posted their biggest quarterly fall in seven years in the first three months of 2017, as rising prices since last year's Brexit vote put more pressure on consumers, official data showed on Friday. Sterling fell after the data to its lowest level since Prime Minister Theresa May called for an early …

  • Ex-Diageo boss Walsh quits HSBC after 'over-boarding' alert

    One of Britain's most respected businessmen is to step down from the board of HSBC Holdings (Frankfurt: 923893 - news) after voting advisers raised concerns over his portfolio of directorships. Sky News has learnt that Paul Walsh, the former chief executive of Diageo (LSE: DGE.L - news) , has decided not to seek re-election …

  • With sterling up and an election near, Paul Summers looks at whether the time has come to sell FTSE 100 giants, Reckitt Benckiser plc (LON:RB) and Unilever plc (LON:ULVR).

  • Reckitt emerges as laggard in consumer goods sector Reuters - UK Focus - Fri, Apr 21, 2017 11:15 BST

    British consumer goods maker Reckitt Benckiser (Xetra: A0M1W6 - news) failed to grow its underlying sales in the first three months of the year, blaming fallout from a South Korean safety scandal and a flop with a new Scholl product after figures fell short of estimates. Analysts had expected the first quarter to be weak …

  • European shares fall as French stocks come under pre-election pressure Reuters - UK Focus - Fri, Apr 21, 2017 11:01 BST

    French blue-chip stocks underperformed other European benchmark indexes on Friday as investors retreated from risky bets ahead of the too-close-to-call first round of France's presidential election. The ...

  • Britain's FTSE edges down, set for worst week in over five months Reuters - UK Focus - Fri, Apr 21, 2017 10:24 BST

    British shares inched lower on Friday, set for their worst weekly losses since early November after Tuesday's surprise call for an national election caused equities to fall. The FTSE 100 was down 0.1 percent ...

  • Diageo in union row over 'Brexit' job losses in Scotland Sky News - Thu, Apr 20, 2017 20:11 BST
    Diageo in union row over 'Brexit' job losses in Scotland

    Diageo (LSE: DGE.L - news) , the FTSE 100 drinks giant, has rounded on union claims that it is shifting Scottish vodka production to Italy and the US because of Brexit. The GMB union warned 105 roles were to be lost between Diageo's Leven plant in Fife and its Shieldhall operation near Glasgow as a result of the decision …

  • Man Group, Pandora strength boosts European stocks, French equities rally Reuters - UK Focus - Thu, Apr 20, 2017 18:05 BST

    European shares edged higher on Thursday as investors welcomed results from Man Group and Pandora maintained its outlook, while French equities outperformed ahead of the first round of France's presidential ...

  • Diageo cutting jobs in Scotland ahead of Brexit-union Reuters - UK Focus - Thu, Apr 20, 2017 17:35 BST

    Alcoholic drinks giant Diageo (Euronext: DGE.NX - news) plans to cut roughly 100 jobs in Scotland, at a time when Britain's workforce is facing uncertainty over the nation's impending exit from the European Union. Diageo (LSE: DGE.L - news) , the world's largest spirits maker and home to Johnnie Walker Scotch, Smirnoff …

  • Sales beat boosts Unilever's argument to go it alone Reuters - UK Focus - Thu, Apr 20, 2017 12:12 BST

    Unilever (Amsterdam: UZ8.AS - news) reported a surprise pick up in quarterly sales growth on Thursday, boosting its argument that it can improve performance on its own after spurning a $143 billion takeover offer from Kraft Heinz (Swiss: KHC.SW - news) in February. Chief Financial Officer Graeme Pitkethly said there …

  • Pernod rides U.S and China growth, cautions on India highway ban Reuters - UK Focus - Thu, Apr 20, 2017 11:11 BST

    Pernod Ricard (TLO: RI-U.TI - news) 's third quarter sales beat forecasts on Thursday, lifting its shares, but the French spirits group cautioned that a ban on alcohol sales near Indian highways would slow growth in its second-largest market. The owner of Mumm champagne and Absolut vodka said it expected underlying operating …

  • Unilever, Man Group strength boosts European stocks Reuters - UK Focus - Thu, Apr 20, 2017 10:33 BST

    European shares edged higher on Thursday as strong results from Unilever lifted bluechip consumers staples stocks and helped offset weakness in the energy sector. The pan-European STOXX 600 index was up ...

  • Your last chance to buy Unilever plc for under £40? Fool.co.uk - Thu, Apr 20, 2017 10:33 BST

    Roland Head gives his verdict on the Q1 figures from Unilever plc (LON:ULVR). Is the stock still a buy?

  • Nestle settles for modest sales growth target after Q1 slowdown Reuters - UK Focus - Thu, Apr 20, 2017 08:31 BST

    Swiss food giant Nestle (Swiss: NESN.VX - news) maintained its modest 2-4 percent growth target for underlying sales this year, slightly less than Anglo-Dutch rival Unilever (Amsterdam: UZ8.AS - news) , after growth in the first quarter was hit by weak consumer demand for packaged foods in North America and weaker prices …

  • Unilever first-quarter sales top expectations Reuters - UK Focus - Thu, Apr 20, 2017 07:12 BST

    Consumer goods maker Unilever reported better than expected first-quarter sales on Thursday, helped by pricing growth. The results could boost investor enthusiasm for Unilever, whose shares have remained ...

  • Canada's resilient dairy sector girds for Trump fight Reuters - UK Focus - Wed, Apr 19, 2017 21:06 BST

    WINNIPEG/SYDNEY, April 19 (Reuters) - For decades, Canada's protected dairy sector has riled rival exporters from Asia to Europe who resent having limited access to a wealthy consuming nation. Despite an earlier challenge before the World Trade Organization and concerns by domestic producers that it may be threatened …

  • Retail figures show we're feeling gloomier about the economy

    Primark owner Associated British Foods (LSE: ABF.L - news) says it has had a dedicated team working for months on Brexit as it announced a sales increase despite tough conditions. The FTSE-100 parent company of Primark said it had been "actively engaging with a number of Government departments" on the "opportunities and …

  • 2 ‘undervalued’ growth shares I’d buy in May Fool.co.uk - Wed, Apr 19, 2017 12:47 BST

    These two stocks appear to offer better growth potential than many investors realise.

  • AB Foods' Primark defies fears of fading UK consumer demand Reuters - UK Focus - Wed, Apr 19, 2017 11:32 BST

    Associated British Foods (LSE: ABF.L - news) ' Primark discount fashion retailing arm traded well through Britain's Easter holiday period, the group's boss said on Wednesday, countering fears that British consumer demand was fading. "In clothes the effect of consumers tightening their belts is probably swamped by a later …

  • Britain's FTSE gives up 2017 gains as sterling weighs, Burberry drops Reuters - UK Focus - Wed, Apr 19, 2017 10:40 BST

    Britain's top share index came under pressure once again on Wednesday, giving up the gains it had made in 2017 as sterling held close to a six-and-a-half-month high after Prime Minister Theresa May called for a snap general election. The blue chip FTSE 100 index was down 0.1 percent at 7,143.37 points by 0927 GMT, bucking …

  • BUZZ-AB Foods: top FTSE gainer as sugar, Primark drive H1 profit beat Reuters - UK Focus - Wed, Apr 19, 2017 08:52 BST

    ** AB Foods +3.2%, top FTSE 100 gainer & hits its highest since Sept 2016 as co reports better-than-expected profit, lifts FY guidance ** Due to recovery in sugar business, resilient performance at discount ...

  • AB Foods profit jump driven by sugar rebound, lifts outlook Reuters - UK Focus - Wed, Apr 19, 2017 07:14 BST

    Associated British Foods on Wednesday reported a 36 percent rise in first-half profit, driven by a recovery at its sugar business and a resilient performance at Primark, its discount fashion retailer. ...

  • Rémy Cointreau: Annual Net Sales 2016/17 Business Wire - Wed, Apr 19, 2017 06:30 BST

    PARIS--(BUSINESSWIRE)-- (April 2016 – March 2017) Robust annual growth (+4.7%*) 2016/17 guidance confirmed Regulatory News: Rémy Cointreau (Paris:RCO) generated sales of €1,094.9 million in 2016/17, for ...

  • U.S. Post Holdings tucks into British breakfast cereal Weetabix Reuters - UK Focus - Tue, Apr 18, 2017 15:40 BST

    LONDON/SHANGHAI/NEW YORK, April 18 (Reuters) - Post Holdings (Frankfurt: A1JS25 - news) is buying leading British breakfast cereal brand Weetabix from China's Bright Food Group Co Ltd for 1.4 billion pounds ($1.8 billion), giving the U.S.-focused company a European base on which to build. The combination will help Post's …

  • Weetabix to be sold to US company Post Holdings Sky News - Tue, Apr 18, 2017 10:58 BST
    Weetabix to be sold to US company Post Holdings

    British cereal maker Weetabix is to be sold to a US company, it has been confirmed. A spokesman for Bright Food Group, a Chinese company, said it has agreed to sell the iconic brand to Post Holdings (Frankfurt: A1JS25 - news) for £1.4bn. Bright (Taiwan OTC: 5244.TWO - news) has owned Weetabix since 2012, when it took …

  • H&M March sales weaker than initial estimate amid tough competition Reuters - UK Focus - Tue, Apr 18, 2017 09:21 BST

    March sales growth at Hennes & Mauritz (H&M) fell short of a preliminary estimate, the Swedish budget fashion group said on Tuesday, in another sign it may struggle to reach a new full-year target. For decades a fast-growing success story, H&M repeatedly missed sales forecasts last year and saw profits fall amid stiff …

  • Could these dividend champions end up costing you money? Fool.co.uk - Sat, Apr 15, 2017 08:00 BST

    Are these dividend champions likely to run out of cash?

  • European shares post weekly loss as banks weigh, SCA gains on bid report Reuters - UK Focus - Thu, Apr 13, 2017 17:36 BST

    European shares were led lower by declines in the bank sector on Thursday, leaving an index of the continent's top companies to nurse a weekly loss. The pan-European STOXX 600 index closed down 0.4 percent, ...

  • Britain's FTSE falters ahead of holiday, banks in focus Reuters - UK Focus - Thu, Apr 13, 2017 17:07 BST

    Britain's top share index declined on Thursday as financials, energy stocks and firms trading ex-dividend weighed, though volumes were light ahead of a market holiday. The blue-chip FTSE 100 index was ...

  • Morgan Stanley bags big spots on Unilever, Reckitt deals - sources Reuters - UK Focus - Thu, Apr 13, 2017 16:52 BST

    Unilever and Reckitt Benckiser Group have picked Morgan Stanley (Xetra: 885836 - news) to advise on their planned food brand disposals, sources said on Thursday, giving the U.S. investment bank a seat at two of the consumer industry's most sought-after tables. Unilever is also working with Goldman Sachs (NYSE: GS-PB …

  • Italian packaging firm Guala Closures preps IPO, sale -sources Reuters - UK Focus - Thu, Apr 13, 2017 16:52 BST

    Private-equity held Italian packaging firm Guala Closures is preparing a stock market listing or sale that may value the company at more than 1 billion euros ($1.06 billion) including debt, sources close to the matter said. Guala's main shareholder, Apriori Capital Partners, will at the end of this month interview investment …

  • Anglo-Dutch consumer group Unilever (NYSE: UL - news) has decided to work with Morgan Stanley (Xetra: 885836 - news) and Goldman Sachs (NYSE: GS-PB - news) on the sale of its margarine and spreads business, which was announced last week, sources told Reuters on Thursday. The sale, which could fetch as much as 6 billion …

Next >>