Finance news – Page 125
-
NewsMedia Bites 2 March: Boots, Sainsbury’s, Grocery market share
Plans for a multi-billion-pound sale of UK chemist Boots have run into a series of difficulties after a potential buyer walked away
-
NewsCity Snapshot: Nichols slides to a loss as out-of-home channel struggles to recover from Covid
Vimto maker Nichols has fallen to a loss as the damage caused to its out-of-home business by the pandemic continued to weigh heavily on the group. Plus, the latest shop price index from BRC, full-year losses balloon at Just Eat Takeaway, a bumper first-half for Hotel Chocolat and full-year results from sausage casings maker Devro.
-
NewsBodega Bay unveils crowdfunding campaign and it plots hard seltzer expansion at home and abroad
The latest round will add to the £1.8m raised so far by Bodega Bay and will be targeted at growing the UK and export markets as hard seltzers become increasingly popular with consumers.
-
NewsScottish Seafood player Dawnfresh falls into administration
Dawnfresh, one of the UK’s largest fish and seafood producers and processors, has collapsed after struggling with rising costs, resulting in 200 jobs being lost
-
NewsCity snapshot: Inflation hits nine year high as supermarket sales continue to fall
Supermarket sales fell by a further 3.7% in the most recent three months, according to Kantar, as inflation hit its highest level since 2013
-
NewsMedia Bites 1 March: ABF, McColl’s, GSK, petrol prices
The papers cover the latest trading update from Primark owner ABF, alongisde the capital markets day at GSK, the ongoing troubles at McColl’s and the effects of the conflict in Ukraine.
-
NewsHealthspan snapped up by Norwegian conglomerate Orkla
Founded in 1996 by Derek Coates, Healthspan has built a brand with a broad range of products across the VMS, sports nutrition, pet health and skincare markets.
-
NewsMackie’s of Scotland enjoys record year but inflation set to squeeze profits in 2022
Scottish ice cream brand Mackie’s has delivered record sales and profits despite the challenges of lockdown and spiralling costs.
-
NewsHow the stock market has reacted to Russia’s invasion of Ukraine
Global stock markets crashed on the news of Russia’s invasion, but focus has begun to centre on those companies most exposed to upheaval in the region
-
NewsMcColl’s shares crash as c-store chain admits fight for survival
Shares in McColl’s have lost more than half their value today after the c-store group confirmed it is in talks with lenders to prevent a collapse into administration.
-
NewsMedia Bites 28 Feb: McColl’s, Unilever, Burger King, Boots
Convenience store chain McColl’s is racing to secure new funding to stave off a collapse
-
NewsCity Snapshot: McColl’s confirms talks with banks to save it from collapse
McColl’s has confirmed it is talks with lenders as the c-store chain seeks to raise fresh capital to prevent it falling into administration. Plus, full-year results from Kitwave Group and a half-year trading update from Associated British Foods.
-
NewsCity News: Danone posts strong growth but inflation dampens excitement
Danone posted its strongest quarter growth for seven years on resurgent bottled water sales and rising prices, but inflation and the prospect of tightening margins kept a lid on City excitement
-
NewsCovid dampens sales growth at Halewood Artisanal Spirits
Premium booze player Halewood Artisanal Spirits has seen a sharp reversal of its previously strong growth
-
NewsQuantock Brewery rescued from administration
Somerset Ales, a microbrewery trading under the Quantock Brewery brand, has been saved from administration
-
NewsCity Snapshot: Nomad posts annual growth despite organic sales decline
Frozen specialist Nomad Foods posted a fifth successive year of headline and profit growth, despite an organic sales decline amid a “difficult operating environment”
-
NewsMedia Bites 25 February: Ukraine, inflation, Yo!, AB InBev
Coverage in the papers this morning is dominated by Russia’s attack on Ukraine and what it means for global food prices.
-
NewsHilton Foods claims stake in Dragons’ Den-backed sausage company
Hilton Foods Solutions has purchased a 25% shareholding of Alf Turner Sausage Company for better access to the DTC channel
-
NewsGousto secures further $230m to advance sustainable ambitions
It follows a $150m round a little over a month ago, which valued the business at $1.7bn.
-
NewsCity snapshot: AB InBev sales rebound by more than 15% though mounting costs hit margins
The world’s largest brewer AB InBev grew revenues by more than 15% last year with volume growth, pricing and premiumisation driving growth, though mounting costs constrained profit growth. Plus, market reacts to Russia/Ukraine escalation.