Finance news – Page 13
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NewsMusgrave Northern Ireland invests £14m into new own-label range
Dubbed Good Food Locally Sourced, the range consists of almost 150 products sourced from local suppliers
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NewsCity snapshot: Beyond Meat sees 18% sales plunge on weakening plant-based demand
Vegan foods pioneer Beyond Meat saw an 18% plunge in first quarter revenues as demand in the category continues to weaken
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NewsMedia Bites 9 May: BrewDog/James Watt, AB InBev, JD Wetherspoon
James Watt, the founder and chief executive of BrewDog, is stepping down following a turbulent period in charge of one of the country’s most successful and controversial homegrown brands
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News2 Sisters owner Boparan remains £23m in the red despite price hikes
2 Sisters owner Boparan remained £23.1m in the red last year despite a double-digit rise in sales as soaring cost inflation hit the poultry giant’s bottom line
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NewsMission Ventures appoints Alex Brown as partnerships director
Brown will manage existing relationships and build new partnerships across the food and investment sectors
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NewsShelf-life extending tech company secures funding boost
OSY Group has secured a £750,000 funding boost from investors
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NewsCity snapshot: Pricing drives growth at AB InBev despite US struggles
The world’s largest brewer AB InBev grew first quarter revenues despite a dip in volumes and ongoing struggles in the US. Plus updates from Henkel, Ahold Delhaize and all the rest of the latest news from the City
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NewsMedia Bites 8 May: Morrisons, pubs, tea
Sandpiper CI has sold most of its supermarket franchises to the company that owns and runs Morrisons in the UK and Gibraltar
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NewsDale Farm invests record £70m in cheddar production
The expansion marks one of the largest-ever single investments by a Northern Ireland agri-food company and is expected to boost production by 20,000 tonnes per year
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NewsBuxton Brewery ‘looking at all options’ to ward off administration threat
The Derbyshire brewer blamed low consumer confidence and post-Covid difficulties for its plight
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NewsCity snapshot: UK retail sales slump in ‘dismal’ weather
UK retail sales fell back in April signifying a ‘depressing start to Spring” as wet weather suppressed activity
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NewsMedia Bites 7 May: Asda, Heineken, UK farming
Asda’s owners created nearly £1.5bn of new liabilities to finance a buyout of a petrol stations busines
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NewsCity News: Haleon shares take hit as sales volumes swing backwards
Shares in consumer health giant Haleon took a hit this week after sales volumes went backwards in the early months of 2024 to undershoot expectations
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NewsCity snapshot: Diageo announces CCEP’s Nik Jhangiani as CFO
Diageo has announced Nik Jhangiani will become its CFO later in the year. Plus, Asda refinances £3.2bn of debt and all the rest of the news from the City
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NewsPremier Foods to exit frozen pizza bases amid focus on brands
Premier Foods is to exit the frozen pizza category and close a factory employing 57 staff as it continues to focus on branded growth
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NewsMedia Bites 3 May: Diageo, bird flu, inflation
There is very little in the way of news on the fmcg industry in this morning’s papers
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NewsUK Salads collapsed owing its creditors £18m, report shows
The Essex-based greenhouse operator was a key supplier to Aldi and fell into administration in February
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NewsGetir franchisees sell off freezers following rapid grocer’s UK exit
Franchisees said they faced losing more than half their investment following the company’s decision to pull out of the UK to “focus its financial resources on Turkey”
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NewsCity snapshot: UK grocery growth slows as inflation eases
UK grocery sales growth slowed last month as food price inflation continues to ease and shoppers cut back after Easter
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NewsMedia Bites 2 May: Haleon, cost-of-living, Starbucks
Panadol and Advil maker Haleon is in focus this morning after disappointing results