All articles by Elena Cherubini – Page 18
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News
Tudor Drinks holds investment talks as it seeks growth funds
The company, whose brands include Harry Bromptons London Ice Tea and Loveau, has been holding conversations with potential investors
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News
London cake maker Butterscotch Bakery rescued out of administration
The company was acquired by an undislosed party after calling in administrators on 8 November
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News
AP Brands cuts fundraising target after cancelling Crowdcube raise
After securing national listings with Brakes and Costco, the brand lowered its target to £200k from £500k
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Graham’s profits boosted by NPD as liquid milk sector struggles
Graham’s the Family Dairy has reported a ‘solid’ annual performance with profits rising nearly 70%
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News
Aldi bread supplier Geary’s Bakery sells majority stake
Geary’s Bakery is set to ramp up its growth efforts after receiving a major investment by the Unsworth family
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News
Pea-based milk producer Mighty Pea smashes crowdfunding campaign
The company, which makes a dairy-free alternative to milk from yellow split peas, has so far raised £327k on Seedrs
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News
Albert Bartlett ventures into children’s ready meals with Kiddyum investment
Albert Bartlett has acquired a 40% stake in frozen children’s food supplier Kiddyum for an undisclosed amount
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News
City snapshot: Top UK restaurant groups sink deep into the red
The biggest 100 UK restaurant groups have seen profits drop in the past 12 months as they suffered from higher overheads and plunging sales
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Analysis & Features
Has the DTC recipe kit model reached a tipping point?
HelloFresh has surprised the market by announcing it’s near its first-ever break-even year. Has the meal kit model finally come of age?
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News
City snapshot: Fuller’s warns of impact of brewing business sale to Asahi
Costs associated with the £250m sale of Fuller’s brewing business to Asahi will impact the former brewer’s profits
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News
Media Bites 15 Nov: Walmart/Asda, Retail Sales, PureCircle
US supermarket chain Walmart upped its annual profits forecast on the back of higher quarterly sales, while it claimed Asda’s performance was held back by Brexit uncertainty
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News
The Saucy Affair slashes fundraising target as it relaunches crowdfunding campaign
The company was originally looking to raise £350k, but has reduced its target to £150k
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News
Nimble turns to the crowd to fund Sainsbury’s listing
The company is looking to raise £100k on Crowdcube in exchange for a 4.4% stake – valuing the business at £2.2m
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News
City snapshot: October rain leads to UK retail footfall plunge
Retail footfall suffered another steep drop in October as the autumn rain kept shoppers at bay. Plus, Greggs upgrades profit expectations on strong sales performance, Prosus publishes Just Eat offer document and all the rest of the latest news from the City.
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News
City snapshot: Hain Celestial brings former Hershey executive as CFO as sales continue to slide
Hain Celestial has brought in a new CFO as first quarter sales continued to slide
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News
Media Bites 8 Nov: Sainsbury’s, Big 4 prices, M&S, Tate & Lyle
Sainsbury’s CEO Mike Coupe warned that political uncertainty over Brexit was holding back spending as the supermarket’s interim profits were almost wiped out by closure costs. Sainsbury’s pre-tax profits dropped to £9m from £107m a year ago, due to £229m of exceptional costs booked as the result ...
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News
SimplyCook meal kits to go on sale in 300 Tesco Express stores
Four recipe kits will target impulse and ‘food for tonight’ shopper missions…
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News
City snapshot: Sainsbury’s sales and profits plunge despite price cuts
Sainsbury’s has fallen to a loss in its first half as the supermarket suffered from higher marketing costs, comparisons with good trading a year ago and the impact of cost savings
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News
Media Bites 7 Nov: M&S, John Lewis, Pizza Express, Boots, Amazon, Beavertown
Marks & Spencer food business returned to growth for the first time in over two years but troubles within the chain’s clothing unit hit profits
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News
City snapshot: Marks & Spencer food sales rise after two years but profits drop
Marks & Spencer reported growth in its food business but group revenues and profits were dragged down by a poor first-half performance from the clothing and home division