Finance news – Page 135
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NewsCity Snapshot: Shop price inflation falls to 14 month low
Shop price annual inflation has eased to its lowest level since August 2022, falling to 5.2% in October from 6.2% in September. Plus trading updates from AB InBev, Carlsberg and Coca-Cola HBC.
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NewsMedia Bites 31 October: Unilever, Premier Foods, McDonald’s
Unilever has frozen the salary of its new chief executive for the next two years after shareholders protested over its executive pay.
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NewsDrop Bear Beer Co purchases first bricks-and-mortar brewery
The brewer will be able to produce up to 25 million cans of alcohol-free beer a year at the site
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NewsRodrigo Maza appointed Naked Wines UK managing director
Maza will succeed James Crawford, who will now turn his focus entirely to the role of chief financial officer of Naked Wines Group
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NewsMedia Bites 30 October: The Body Shop, Sainsbury’s, Pubs
The private equity investor that owns Footasylum is in pole position to buy The Body Shop
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NewsCity snapshot: Premier Foods snaps up Fuel10K in £34m deal
Premier Foods has expanded its presence in the breakfast category with the £34m acquisition of protein brand Fuel10K
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NewsCity News: Reckitt Benckiser’s £1bn share buyback fails to win over City
A £1bn share buyback was not enough to placate Reckitt Benckiser investors this week, as the consumer giant’s shares slid back on weaker-than-expected sales volumes
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NewsUnilever boss unveils strategy ‘action plan’ as business sells Dollar Shave Club
Unilever this week kicked off a strategy reset to focus on its core brands and sell off the Dollar Shave Club
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NewsJohn West hit by 78% profits decline as shoppers trade down
John West profits have sunk by 78% as cash-strapped shoppers flocked to discounters and turned to own label to combat inflation.
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NewsCity snapshot: Rémy Cointreau hit by sharp US sales slowdown
French spirit maker Rémy Cointreau has slashed growth expectations after posting a double-digit drop in organic sales in its second quarter amid a slowdown of sales in the US
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NewsMedia Bites 27 October: Unilever, Tesco, Wilko
Unilever’s new chief executive said that the idea of corporate purpose could be an ‘unwelcome distraction’ for some brands
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NewsOatsu hits funding target as it prepares for major listings
Healthy breakfast start-up Oatsu has surpassed a £100k crowdfunding target as it prepares to launch overnight oats in Holland & Barrett and Co-op.
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NewsCity snapshot: Unilever sales growth slows as volumes remain in decline
Sales growth at Unilever slowed to 5.2% in the third quarter as pricing eased and volumes remained in decline. Plus trading updates from Danone, DS Smith and C&C Group
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NewsMedia Bites 26 October: Shoplifting, Christmas, Reckitt Benckiser, Heineken
John Lewis chair Sharon White has raised fears for the safety of store workers amid a rise of “organised gangs” of shoplifters targeting high-value items
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NewsSignature Brew plots supermarket launch as it hits £700k crowd goal
Signature Brew has launched a £700k crowdfunding campaign to fuel growth and take its beer into supermarkets
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NewsNirvana raises £500k to maintain growth momentum for its low & no brews
The low & now alcohol brewery will use the funds to maintain trading momentum as the London-based business enjoys its most successful year to date
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NewsCity snapshot: Virgin Wines tumbles into the red as sales falter
Virgin Wines UK has fallen into the red as pressure on consumer spending hit revenues and rising costs hurt margins. Plus, Reckitt and Heineken Q3 volumes tumble on higher prices, while Nichols appoints a new CFO.
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NewsMedia Bites 25 October: Christmas retail, Shoplifting, AG Barr
Britons are planning to party at home and save on trips out this Christmas as the cost of living crisis continues to put a dampener on celebrations
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NewsCoca-Cola sees boost to volumes despite higher prices
Coca-Cola has defied the trend for declining volumes at its global CPG peers as consumers kept buying its flagship drinks despite further price increases
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NewsCity snapshot: AG Barr acquires Rio soft drinks brand
AG Barr has announced it has agreed a deal to acquire Rio Tropical, the owner of the Rio soft drinks brand.