Ebola cure call lifts final quarter tallies for Irn-Bru drinks-maker AG Barr January 28, 2015 The maker of Scotland’s “other national drink” Irn-Bru reported five per cent sales growth in its final quarter of its financial year. In the three months to 25 January the producer AG Barr said trading performance is expected to have been well ahead of total soft drinks market. Full year revenue is expected to be [...]
Britvic ramps up US expansion as sales fizz higher May 21, 2014 BRITVIC said yesterday kids in all US states can now access its Fruit Shoot brand after completing a nationwide distribution deal, as the Robinsons squash-maker reported a 21 per cent jump in first half profits. The company signed a 15-year bottling deal in November with PepsiCo Americas Beverages to expand Fruit Shoot to 41 states [...]
UK growth lift as FTSE aims to test 7,000 level – London week ahead January 25, 2015 THE FIRST estimate of GDP growth in the fourth quarter of 2014 looks set to deliver good news this week, with growth of around 0.6 per cent on the previous quarter and 2.8 per cent year-on-year. Howard Archer, of IHS Global Insight, said: “Ongoing robust services expansion likely ensured that GDP growth held up pretty [...]
Pets At Home hires ex-Britvic boss March 26, 2014 Pets At Home, which listed on the London Stock Exchange on 17 March, yesterday appointed former Britvic chief executive Paul Moody as non-executive director at the firm. Chairman Tony DeNunzio said Moody’s “strong track record in consumer-facing industries” would help it to “expand and grow” the firm. Moody has been the boss of Food Freshness [...]
Reports on bank lending to take the centre stage – London Week Ahead November 23, 2014 THIS week will see a flurry of announcements regarding bank lending. The Bank of England on Thursday will publish the figures for its Funding for Lending scheme, followed by the latest data on the Help-to-Buy scheme the following day. The British Bankers’ Association will publish its figures for mortgage approvals today. That will be backed [...]
Carpetright share price rises as it finally hires a new chairman to replace Lord Harris October 21, 2014 Carpetright chairman Lord Harris can finally look forward to slowing down, after Carpetright announced it has appointed a new chairman. Shares in the retailer rose 1.2 per cent in mid-morning trading as it said Mitchells & Butler non-executive chairman Bob Ivell, who is also a senior independent director at Britvic and Aga, will take over [...]
FTSE ends flat as travel firms weigh on index – London Report November 26, 2014 BRITAIN’S top share index closed flat on Wednesday, erasing early gains, with weaker travel and leisure stocks offsetting a rebound in miners and strength in telecoms. The blue chip FTSE 100 index ended 1.97 points lower, or flat in percentage terms, at 6,729.17 points after hitting a session high of 6,765.01 in early trading, as [...]
Carpetright chairman Lord Harris to take his leave after 26 years October 21, 2014 CARPETRIGHT founder and chairman Lord Harris announced yesterday he would be stepping down – and this time for good – after naming Mitchells & Butlers boss Bob Ivell as his successor. Harris first announced his retirement in May only to reveal weeks later that he planned to stay on as non-executive chairman until a replacement [...]
George Osborne braced for bad news on deficit reduction – London Report October 19, 2014 Public finance figures due out tomorrow are likely to be a blow to chancellor George Osborne, with tax receipts lowered by very low earnings growth. Economists predict that Osborne is now unlikely to meet fiscal targets for the year, despite improved economic activity, stronger house prices and an improved labour market. Howard Archer, of IHS [...]
London Report: UK’s second quarter growth and minutes from Bank in focus July 21, 2014 THE first estimate of gross domestic product data for the second quarter is likely to be closely watched after hints of a rate rise later this year. The minutes of the July meeting of the Bank of England’s Monetary Policy Committee will also be of interest, for the same reason, and retail sales figures will [...]