Finance news – Page 134
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NewsWine merchants Goedhuis & Co and Waddesdon Wine merge
Wine merchants Goedhuis & Co and Rothschild-backed Waddesdon Wine have agreed a merger to form a “formidable” combined player in the wine industry
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NewsMedia Bites 8 November: Food price inflation, ABF, Naked Wines
Food price inflation has dropped to single digits for the first time in a year and a half, as the cost of living crisis eases slightly
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NewsCity snapshot: Grocery price inflation falls to single digits for the first time in 16 months
Grocery price inflation hit single digits for the first time in 16 months in October as overall grocery growth continues to be driven by higher pricing. Plus Naked Wines issues profits warning as CEO departs and updates from ABF and Hilton Food Group
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NewsMedia Bites 7 November: Retail spending, Unilever, recycling
Source: GettyImages Growth in UK retail and consumer spending slowed last month to rates well below inflation, according to sector data that points to households cutting purchases ahead of the busiest shopping season of the year (Financial Times £). Retail sales slowed last month as people eased ...
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NewsCity snapshot: Kitwave CEO to step down as ‘positive momentum’ continues
Listed wholesaler Kitwave Group has announced its CEO Paul Young will retire at the company’s AGM in March 2024
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NewsMedia Bites 6 November: Grocery inflation, Klarna, Marks & Spencer
Supermarket bosses have said they do not expect food prices to fall next year, adding to evidence that inflation will persist through 2024
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NewsCity news: Sainsbury’s shares buoyed by market share gains
Sainsbury’s shares were buoyed this week by a higher than expected earnings projections as market share gains boosted sales in its first half results
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NewsMedia Bites 3 November: Sainsbury’s, Amazon, Beyond Meat, Heineken
Amazon has come under fire from the Federal Trade Commission regulator in the US
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NewsCity snapshot: Retail footfall slides as wet weather hits UK
UK retail footfall fell back in October as wet weather and the ongoing cost of living squeeze hit shopper numbers
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NewsPremier Foods makes further breakfast move with £34m Fuel10K deal
Premier Foods is set to take on the big players in the breakfast aisles following the £34m acquisition of protein-focused challenger brand Fuel10K.
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NewsBeyond Meat to axe staff in turnaround attempt
Embattled vegan brand Beyond Meat is planning to axe 19% of its non-production employees in a move to drastically reduce costs
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NewsAdministrators seeking buyer for The Crab Company Scotland
Administrators of premium Scottish shellfish processor The Crab Company are seeking a buyer for the business and assets.
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NewsSainsbury’s winning back market share from Lidl and Aldi ‘for the first time’
Sainsbury’s has made a ‘step change’ in its value perception over the last year, says CEO Simon Roberts
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NewsCity snapshot: Sainsbury’s ups profit guidance following market share gains
Sainsbury’s has said it expects to hit the upper end of previous profit guidance after making strong market share gains in the first half as it put food “firmly at the heart” of the business
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NewsMedia Bites 2 November: M&S, food waste, CBD
Marks & Spencer has kicked off the Christmas ads season showcasing glamour and featuring celebrities such as Sophie Ellis-Bextor and Tan France
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NewsFmcg profit warnings slow sharply in Q3
Profit warnings at retailers and suppliers have slowed significantly ahead of the golden quarter, according to the latest research
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NewsRaynor Foods shifts to employee ownership model
Family run food-to-go supplier Raynor Foods has transformed its ownership structure and transferred the entire shareholding to its 300 employees
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NewsSeep seeking to clean up household category with £750k fundraise
Founder Laura Harnett launched the eco brand in 2020 with a mission to prevent one billion plastic cleaning tools from entering landfill by 2030
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NewsMedia Bites 1 November: Carlsberg, AB InBev, Marks & Spencer
Carlsberg’s chief executive has warned of weak consumer sentiment and denounced Moscow’s seizure of its Russian subsidiary
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NewsCity snapshot: Volumes fall at Coca-Cola Europacific Partners as bottler focuses on revenues and margin
Coca-Cola Europacific Partners has seen sales grow ahead of volumes in the third quarter as a result of mixed weather across Europe, higher prices and lapping strong comparatives last year. Plus, Heineken appoints new European president and Glanbia upgrades profit expectations.