Finance news – Page 118
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NewsMeat snacking brand Ember adds three fmcg big hitters to its board
Tim Rees, Mark Palmer and John McKinley will advise brother founders Jack and Harry Mayhew on the next stage of the brand’s rapid growth
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NewsCity snapshot: Grocery sales growth slows as food price inflation eases
Supermarket sales growth slowed to 5.3% during February as food price inflation continues to fall. Plus results from Greggs, Bakkavor and all the rest of this morning’s news from the City
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NewsMedia Bites 5 March: Budget, Caffè Nero, EG Group
The papers focus on tomorrow’s Budget, with M&S boss Stuart Machin hitting out at the tax burden faced by retailers
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NewsGrwth Club launches venture fund for fmcg startups
Grwth Ventures is founded by Joe Benn and Jake Higgins with a £5m cornerstone investment from media agency MNC
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NewsSniffers Pet Care scores follow-on funding from PE backer Traditum
Pet treat supplier Sniffers Pet Care has secured an £850k investment to ramp up production at its Yorkshire factory
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NewsEG Group sees full-year profits dip as fuel prices fall
Forecourt giant EG Group saw full-year profits dip last year on lower fuel prices and ‘oil volatility’
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NewsKettle Produce continues operating at a loss despite turnover increase
The producer, which saw turnover rise by 10% to £161.7m, from £147m, said loss had continued due to a “range of challenging circumstances”
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NewsMedia Bites 4 March: Ocado/M&S, Asda, chocolate prices
Are Ocado and M&S running out of road, asks The Times. M&S and Ocado could be heading for dispute over the terms of their JV
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NewsCity snapshot: Treatt appoints David Shannon as CEO
Drinks ingredients supplier Treatt has appointed Shannon to fill the vacancy left by long-term boss Daemmon Reeve, who stood down at the end of 2023
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NewsCity News: Reckitt Benckiser shares slump after ‘unsatisfactory’ results
Consumer goods giant Reckitt Benckiser saw its share slump this week as its 2023 sales underperformed City expectations following an “unsatisfactory” fourth quarter.
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NewsAldi salad supplier UK Salads appoints administrators
The Aldi salad supplier has appointed administrators, with The Grocer understanding that unsecured creditors will be owed as much as £10m
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NewsNomad Foods predicts 2024 volume growth as frozen trend rebounds
The Birds Eye owner has surpassed expectations with a record financial performance last year, with the frozen foods giant forecasting a return to volume growth in 2024
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NewsCity snapshot: Wincanton recommends new £762m offer from GXO
The board of British logistics giant Wincanton have recommended shareholders accept the new offer £764m from GXO after the US business gazumped French rival Ceva
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NewsMedia Bites 1 March: Sainsbury’s, Ocado, Asda, UPF, Bud Light
In a busy morning of F&B news, the papers focus on job cuts at Sainsbury’s and a growing rift between Ocado and M&S
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NewsHeura turnover boosted by Waitrose listing in 2023
Plant-based brand Heura has boosted turnover by more than 20% to €38.3m (£32.8m) in 2023, helped by growth of 81% in the UK as its listing in Waitrose bolstered the Spanish-headquartered business
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NewsJollyes appoints Andy Bond as chairman as Asda co-owner TDR Capital takes majority stake
Asda’s PE backer TDR Capital has taken control of fast-growing petcare retail chain Jollyes, bringing in Andy Bond as chairman
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NewsCity snapshot: Ocado remains in the red despite revenue rise
Ocado posted a £394m annual loss last year, despite a 9.9% rise in revenues as the cost of technology and rolling out its operations internationally continue to weigh on its bottom line
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NewsMedia Bites 29 February: Ocado, Jollyes, Reckitt Benckiser, Just Eat Takeaway
Results from Reckitt Benckiser and Just Eat Takeaway are picked up by the papers, along with stories on Ocado and Jollyes
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NewsBeyond Meat shares rally as vegan brand plots higher prices and better margins
Shares in Beyond Meat have shot up by 45% as the plant-based foods group signalled a move to raise its prices and highlighted improving margins as a result of cost cutting
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NewsMorrisons explores potential sale of Rathbones bakery
Morrisons is reportedly weighing up a sale of its Rathbones bakery as the supermarket continues to investigate ways to shrink its debt burden