Finance news – Page 124
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NewsDanone unveils turnaround plan under new CEO Antoine de Saint-Affrique
Danone has set out a multi-year turnaround plan as de Saint-Affrique unveiled his vision for the French consumer products group
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NewsCoke, Pepsi, McDonald’s and Starbucks suspend operations in Russia
Drinks giants Coca-Cola and PepsiCo, fast food chain McDonald’s and coffee house Starbucks have bowed to increasing pressure to halt operations in Russia amid the country’s invasion in Ukraine.
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NewsParson’s Nose hires advisors to find investment partner
The London-based family-run business is aiming to leverage the brand to become the UK’s leading online butcher.
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NewsNimble aims for retail expansion following crowdfunding campaign and Justin King joining as advisor
The raise coincides with former Sainsbury’s boss Justin King joining the business as an investor and advisor.
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NewsFarmison sells majority stake to private equity investor Inverleith
Established in 2011 by John Pallagi and Lee Simmonds, the Yorkshire-based business aims to encourage UK consumers to ‘eat better meat’.
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NewsCity snapshot: Greggs bounces back to profit but warns over soaring costs
A busy warning sees return to strong growth, but warn over costs, retail data from , - and Barclaycard, and annual results from and Domino’s Pizza Group.
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NewsMedia Bites 8 March: Ukraine, food prices, cost of living crisis
The effects of the war in Ukraine continues to dominate coverage in the papers, which this morning examine rising food prices and growing pressure on the likes of McDonald’s, Coca-Cola and Pepsi to pull out of Russia.
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NewsMedia Bites 7 March: Unilever, Ukraine/Russia, John Lewis Partnership
Unilever has agreed to publish more rigorous data on the content of its food products after facing a revolt by shareholders
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NewsCity Snapshot: Food and drink shares plummet as Ukraine war hammers markets
The FTSE 100 has plunged further this morning as investor fears over the war in Ukraine continue to hammer markets across the globe.
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NewsCity News: McColl’s shares collapse after confirmation of rescue talks
Shares in beleaguered newsagent chain McColl’s crashed yet further this week after it confirmed it was in emergency talks with lenders to raise funds to avoid collapse
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NewsCity Snapshot: February storms fail to dampen footfall
Total UK footfall increased by 2.2 percentage points in February compared to the previous month as the return to the office and normal life boosted shopper numbers despite stormy weather.
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NewsMedia Bites 4 March: Ukraine, inflation, Coca-Cola HBC, vodka
It’s a quiet morning in the papers when it comes to food and drink news as the confilct in Ukraine dominates all coverage.
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NewsPlastic tax faces shambolic start as material prices hit record levels
Many suppliers are now considering shouldering the tax rather than switching to more expensive packaging
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NewsYumello beats £300k crowd target as it looks to accelerate growth
The business – founded by Esther Lopez and Omar El Hajji in 2018 – is overfunding on the Seedrs platform, with £342k raised from more than 130 backers so far.
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NewsNirvana Brewery kicks off funding drive to capitalise on boom in overseas demand for low-alcohol beer
The London-based brewery experienced “a spike” in interest from aboard in 2021, with exports rocketing by 550%.
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NewsCity snapshot: Coca-Cola HBC withdraws guidance due to Ukraine/Russia conflict
Troubled Eastern European Coke bottler Coca-Cola HBC has withdrawn its guidance for its current financial year due to the conflict between two of its key territories of Ukraine and Russia. Plus, Glanbia posts strong annual sales and profit growth, footfall rebounds in February and all the rest of the latest news from the City.
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NewsMedia Bites 3 March: EG Group, Prompt Payment Code, Just Eat, Hotel Chocolat
EG Group has told its investors for a third year running that it needs more time to produce audited accounts, citing the increased size and complexity of the business.
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NewsHotel Chocolat enjoys bumper first-half results despite inflationary pressures
Revenues jumped 40% higher to £142.9m in the 26 weeks ended 26 December as it won over new customers in the UK and US.
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NewsNichols in M&A hunt as it launches review of Covid hit out-of-home channel
Vimto owner Nichols is eyeing M&A targets to strengthen its portfolio of drinks as the group rethinks the out-of-home channel in the wake of the pandemic, bosses have told The Grocer
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NewsShop prices hit highest level for more than a decade - BRC
Shop price annual inflation hit 1.8% in February, up from 1.5% in the previous month, which marks the highest rate since November 2011, the British Retail Consortium reported.