Tate and Lyle reaches sale agreement of American subsidiary May 23, 2024 Tate and Lyle has reached agreement with KPS Capital Partners for the sale of its remaining stake in Primient, an American subsidiary of Tate and Lyle. The firm said after the sale of its near 50 per cent stake, net cash proceeds, after tax and transactions costs, are expected to be around $270m (£215m). The [...]
Could the Bank of England still cut rates in June after poor inflation figures? May 22, 2024 Although Rishi Sunak jumped on the airwaves to proclaim inflation was "back to normal", markets seemed less convinced.
Inflation ahead of expectations in blow for June interest rate cut hopes May 22, 2024 At the Bank of England's last meeting earlier this month, policymakers confirmed that they were considering cutting interest rates.
Mitchells & Butlers: Shares rise at All Bar One owner as profit hits £164m May 22, 2024 Mitchells & Butlers said half-year profit soared as cost inflation eased, despite an "unavoidable" decline in pubs and restaurants over the last year.
Ocado: Marks and Spencer-linked grocer is fastest-growing for third straight month May 21, 2024 Ocado has maintained its position as the fastest growing supermarket for the third month in a row, as efforts to cut prices continue to pay off.
Pig farms, poultry and houmous: Cranswick profit rises after meaty investments pay off May 21, 2024 Cranswick profit rose nearly a quarter to £176.6m as a string of investment in houmous, poultry and pig farming facilities paid off.
Losses widen at Café Rouge, Bella Italia and Frankie and Benny’s owner The Big Table May 20, 2024 Losses widened at The Big Table, the owner of Café Rouge, Bella Italia and Frankie & Benny's, despite its turnover rising.
Hilton Food Group trades in line with expectations despite tough market May 20, 2024 Food packaging company Hilton Food Group said volumes and sales are trading ahead of the same period last year, as the business continues to trade in line with board expectations.
Inflation set to return to two per cent target in boost for Bank of England May 19, 2024 The latest UK inflation reading could show a notable fall when it's published this week.
Marks & Spencer set to ring up profits leap after impressive year May 18, 2024 High street bellwether Marks & Spencer is expected to reveal a jump in annual profits on Wednesday when it reports back after a bumper year.