Finance news – Page 122
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NewsMedia Bites 9 February: DS Smith/Mondi, Unilever, British American Tobacco
DS Smith has received a takeover approach from Mondi, a rival UK paper specialist, in a deal that would create a European packaging giant with a value of more than £10bn
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NewsFrozen meal startup Stocked secures £50k on Dragons’ Den
Frozen ready meals start-up Stocked has won backing from Steven Bartlett following an appearance on tonight’s Dragons’ Den
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NewsNorth Brewing’s unsecured creditors ‘highly unlikely’ to receive £1.7m owed
Administrators said there were ‘no solvent options’ available prior to the pre-pack sale
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NewsCity snapshot: Unilever returns to volume growth but performance remains ‘disappointing’
Unilever returned to volume growth last year as price increases decelerated, but new boss Hein Schumacher said the group’s competitiveness remained “disappointing”
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NewsMedia Bites 8 February: Sainsbury’s, Co-op, Nestlé, PZ Cussons
The unveiling of Sainsbury’s new startegy on Wednesday generated headlines across the papers this morning
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NewsSerious Pig beats £200k crowd target to help DTC sales fly
The business beat its £200k target on the Crowdcube platform in just more than a week, with the campaign standing (at time of publication) at £215k from 445 investors
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NewsHain Celestial lowers 2024 forecasts as it struggles with turnaround
Hain Celestial has downgraded its sales and profits forecasts for 2024 as the owner of Ella’s Kitchen, Covent Garden and Sun-Pat continues with its turnaround strategy
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News‘Micron-sized’ salt tech company MicroSalt lists
The company is also in talks with suppliers of ready meals and a fast food burger company
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NewsOMGTea sells majority stake to Japan’s Aiya to bring matcha to the masses
Matcha green tea brand OMGTea has been snapped up by Japan’s Aiya to help the business build a bigger presence in the UK
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NewsSainsbury’s to double down on food, availability and loyalty in new three-year plan
The new strategy builds on Sainsbury’s Food First Strategy, which it has pursued over the past three years
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NewsMedia Bites 7 February: Grocery market share, retail sales, Pret a Manger
Marks & Spencer is poised to overtake Waitrose as it wins over growing numbers of middle class shoppers
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NewsCity snapshot: Sainsbury’s targets £1bn in savings as it launches ‘Next Level Sainsbury’s’ strategy
Sainsbury’s is targeting £1bn in cost savings over the next three years as part of its new strategy launch this morning. Plus, PZ Cussons issues a profits warning and Just Eat Takeaway appoints new CFO.
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NewsHeura raises £34m in series B round to fund ‘new chapter’ in plant-based foods
European plant-based brand Heura has closed its long-running series B funding round, raising €40m (£34.2m) in total as it seeks to turn rapid growth into profitability
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NewsHisbe founders ‘hurting and exhausted’ as ethical grocer enters liquidation
The liquidation would leave ‘many’ suppliers with unpaid invoices, Hisbe said
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NewsEasing inflation helps supermarket volumes in January
Food sales at the supermarkets have grown faster than inflation in January as shopper behaviour normalises amid reducing cost pressures, according to new data published this morning
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NewsCity snapshot: Retail sales growth slows as cost of living weighs on consumers
UK retail sales growth slowed in January despite easing inflation as continued weak consumer demand led to ‘lacklustre’ sector performance
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NewsMedia Bites 6 February: McDonald’s, junk food, Asda
The business sections focus on McDonald’s reporting its first quarterly sales miss in nearly four years
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NewsCompleat Food Group acquires SK Foods and Zorba Foods
The two businesses specialise in private-label chilled party foods, dips and deli fillings, and have a combined turnover of more than £160m, with in excess of 1,150 employees
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NewsKraft Heinz plans green hydrogen plant for Wigan factory
The £40m scheme is forecasted to enter operation in 2026
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NewsMedia Bites 5 February: Issa brothers/Asda, Morrisons, Diageo
One of the billionaire Issa brothers is reportedly attempting to offload his stake in the debt-laden supermarket Asda