Finance news – Page 122
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NewsMedia Bites 24 March: Spring statement, inflation, food poverty, Nestlé
Rishi Sunak’s spring statement dominates the headlines this morning as inflation continues to surge.
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NewsBritish Honey Company raises six-figure sum to grow its spirits offering
The British Honey Company has completed a six-figure sum fundraising to help it expand further in the premium spirits market.
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NewsFearne & Rosie launches crowdfunding campaign backed by Giles Brook and Pip & Nut founder
The business is hoping to raise £200,000 on the Seedrs platform as it seeks to continue its efforts to reduce the amount of sugar consumed by children.
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NewsMedia Bites 23 March: McColl’s, Petrol prices, THG
Morrisons has drafted in City advisers as it considers how to contend with the financial struggles of its convenience store partner McColl’s
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NewsCity Snapshot: Cost of living hits new 30-year high as energy, petrol and food prices climb
The squeeze on living costs continued to ramp up last month, with food prices up sharply, according to the latest official figures released this morning ahead of the Chancellor’s spring statement.
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NewsSurging palm oil prices boost profits at MP Evans
Palm oil producer MP Evans has posted a surge in profits in 2021 as the palm oil sector went “from strength to strength” amid spiralling prices
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NewsAgronomics launches Roslin Technologies joint venture to develop lab grown pet food
Cultivated meat investor Agronomics has partnered with a food biotech company to develop lab grown meat for pets.
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NewsCity snapshot: THG names former ITV boss Charles Allen as chairman
THG has appointed former ITV and Compass Group CEO Charles Allen as its new independent non-exec chair. Plus, palm oil producer MP Evans sees profits surge on soaring prices and all the rest of the latest news from the City
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NewsMedia Bites 22 March: Nestlé, Ukraine, wheat prices, PZ Cussons/Childs Farm
Nestlé has defended its decision to stay in Russia by saying it would not profit from its operations there as Ukraine upped the pressure on the world’s biggest food company to withdraw as the war intensifies and casualties mount.
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NewsMedia Bites 21 March: Boots, Lottery, Burger King
Suitors for Boots are to begin meeting with the high street chemist’s management this week as owner Walgreens pushes ahead with a planned £7bn sale
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NewsCity Snapshot: PZ Cussons snaps up Childs Farm in £40m deal
PZ Cussons has expanded its coverage in the UK baby and child personal care category with the acquisition of Childs Farm for £36.8m.
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NewsCity snapshot: Lindt & Sprüngli CEO to step down
Lindt & Sprüngli has announced Dieter Weisskopf will step down from his current position as group CEO towards the end of the year due to retirement.
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NewsMedia Bites 18 March: Ocado, Getir, Deliveroo, inflation, M&S
The latest results from Ocado and Deliveroo feature in today’s papers, alongside a new fundraise for Getir.
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NewsCecily’s plant-based ice cream brand calls in liquidators
Cecily’s made an award-winning range of eight organic dairy-free ice creams made using coconut milk and coconut sugar
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NewsCity snapshot: Ocado retail sales slow as shoppers return to pre-pandemic habits
Retail revenues at Ocado slowed by 5.7% in the first quarter of its financial year as shopping habits returned backed towards pre-pandemic levels. Plus, Deliveroo losses top £300m as it invests in growth and all the latest news from the City.
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NewsMedia Bites 17 March: Fever-Tree, inflation, cost of living, Starbucks
The drinks maker Fever-Tree and the owner of the Wagamama and Frankie & Benny’s restaurant chains have warned of dramatic cost increases as the price of commodities and gas and electricity soars and the war in Ukraine adds pressure to their businesses.
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NewsChocolate startup brings in confectionery heavyweight following Dragons’ investment
Purveyors of hand-made fresh filled chocolates Russell & Atwell have attracted £90k of investment on BBC’s Dragons’ Den and brought in an industry heavy hitter to scale up the business
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NewsZinda Foods secures six-figure investment as food-to-go recovers from Covid disruption
Food-to-go supplier Zinda Foods has bounced back from Covid disruption to close its first-ever investment round.
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NewsCity Snapshot: Fever-Tree revenues fizz higher but short-term cost pressures loom
Revenues at premium mixer brand Fever-Tree Drinks have jumped 23% to £311.1m despite Covid restrictions hampering on-trade activity as shoppers enjoyed more cocktails at home. Plus, a profits warning from Bulmers owner C&C Group and strong interims from Eagle Eye Solutions.
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NewsMedia Bites 16 March: Lottery, Imperial Brands, Petrol prices
A need to “rekindle” the National Lottery follows a decade of criticism aimed at Camelot