Finance news – Page 130
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NewsCity snapshot: UK companies in financial distress on the rise
The number of UK companies in significant financial distress is rising as government support is withdrawn from beleaguered businesses, according to business advisory firm Begbies Traynor.
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NewsMedia Bites 28 January: Diageo, Greencore, Fever-Tree, Britvic
Trading updates from drinks firms Diageo, Fever-Tree and Brtivic all make the morning papers, with news of a shareholder revolt at Greencore over exec pay.
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NewsGriddle closes six-figure funding round to expand reach of new plant-based waffles
Griddle recently expanded its offering from pancakes to frozen plant-based waffles, which it claimed as a UK first.
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NewsCity snapshot: Diageo resurgence underpinned by on-trade recovery
Diageo has reported double digit rises in sales and profits as the recovery in the on-trade was boosted by market share gains and premiumisation trends. Plus trading updates from FeverTree, Britvic and Greencore.
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NewsMedia Bites 27 January: Ocado, GoPuff, CPI, Pets at Home
News from Ocado about its new technology of robots to make picking online groceries even quicker filles the papers this morning.
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NewsCD&R denies headhunting for David Potts successor
A Morrisons source is adamant there is no truth in the report that Potts intends to step down in two years’ time
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NewsWarburtons takes minority stake in non-HFSS cookie start-up Snackzilla
Warburtons has invested a six-figure sum in kids’ healthier snacking brand Snackzilla as part of its Batch Ventures bakery innovation fund
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NewsInflation and supply chain disruption lead to wave of profit warnings in 2021
Profit warnings at retailers and food & drink suppliers accounted for a third of all warnings issued by UK listed companies in 2021 as supply chain disruption and spiralling inflation hit at the back end of the year
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NewsMedia Bites 26 Jan: Unilever, Greencore, CO2
Unilever plans to axe about 1,500 management roles globally as the company faces pressure from investors to improve performance
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NewsDash Water appoints David Milner as chairman to support its rapid growth in 2022
Seltzer brand Dash Water has closed a multimillion-pound investment round to maintain its rapid growth, with backing from industry veteran David Milner, who also joins the business as chairman.
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NewsCity Snapshot: Pets at Home raises profits guidance as shoppers splurge on Christmas presents for pets
Pets at Home Group has lifted its profit expectations after a bumper Christmas as momentum picked up during lockdown carried on throughout 2021. Plus, Premier Foods appoints Tania Howarth, former COO at Nomad Foods, to its board.
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NewsFood delivery tech player Deliverect valued at $1.4bn after $150m funding round
Food delivery software firm Deliverect has raised $150m to value it at $1.4bn as it seeks to scale up its business across the globe.
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NewsUnilever announces 1,500 job cuts amid global restructure
Unilever has announced a number of changes to its organisational structure, including 1,500 job cuts, as part of a drive to make it a ‘more category-focused business’
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NewsCity snapshot: Rémy Cointreau sales surge amid ‘exceptional’ spirits market
French spirits group Rémy Cointreau has posted sales growth of 21% in its third quarter as demand for cognac rebounded.
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NewsMedia Bites 25 January: Unilever, CO2, THG
Unilever continues to make headlines this morning as the papers digest what the arrival of activist investor Nelson Peltz means for the Marmite maker.
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NewsCake Box shares tumble after reporting errors uncovered
Shares in AIM-listed bakery chain Cake Box have tumbled almost 22% today after it admitted “inconsistencies” in its financial reporting
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NewsGroceries Code Adjudicator reads supermarkets the riot act over inflation
The Adjudicator today published a new set of ’golden rules’ for retailers
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NewsMedia Bites 24 Jan: Unilever, Morrisons, Retail sales
Nelson Peltz’s activist hedge fund Trian Partners has built a stake in Unilever, ratcheting up the pressure on the FTSE 100 company
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NewsCity Snapshot: Pressure intensifies at Unilever as Nelson Peltz’s activist fund buys stake
Unilever’s embattled management team is under more pressure this week as it emerged that Nelson Peltz’s activist hedge fund Trian Partners has built a position in the consumer goods group.
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NewsUnilever’s failed bid for GSK arm leaves management in a precarious position
Unilever announced on Wednesday it would not up its bid for GSK’s consumer arm