Finance news – Page 15
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NewsPZ Cussons flogging St Tropez in bid to simplify the group
PZ Cussons is selling self-tanning brand St Tropez after admitting the group is “too complex for its size”
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NewsCity snapshot: Sainsbury’s forecasts profits of £1bn in 2024 on strong grocery growth
Sainsbury’s has posted an uplift in underlying annual profits and forecast another rise in profits in the current financial year. Plus updates from Unilever, Nestlé, CCEP, WH Smith and more
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NewsMedia Bites 25 April: PZ Cussons, Heineken, Reckitt Benckiser
A decision by PZ Cussons to offload self-tanning brand St Tropez and explore a sale of its Africa business makes headlines this morning
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NewsHogs Back owner buys London’s Mondo Brewing Co in pre-pack deal
Financial terms of the deal have yet to be disclosed
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NewsKerrygold owner sees 8% profit slump due to market challenges
The dairy company reported a turnover of €3.4bn, which was flat on last year when the company reported a record sales performance
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NewsMedia Bites 24 April: Grocery market share, ABF, Getir
Grocery inflation fell to a 30-month low in April, helped by a rise in promotional spending from consumers
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NewsCity snapshot: PZ Cussons to sell-off St Tropez to refocus group
PZ Cussons is kicking off a sale process for self-tanning brand St Tropez as part of reorganisation of the group. Plus, Reckitt Benckiser, Heineken and Nichols report Q1 numbers, Supreme issues a year-end trading update, and Haleon appoints Tate & Lyle CFO as its new CFO.
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NewsJacksons of Yorkshire acquires craft bakery Lottie Shaw’s
William Jackson Food Group has acquired Yorkshire-based craft bakery Lottie Shaw’s to add to its Jacksons of Yorkshire bakery arm
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NewsWholebake hires new CFO as turnaround makes progress
Snack bar supplier Wholebake has appointed a CFO and NPD & innovation manager as the business works on a turnaround
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NewsBirds Eye makes two senior hires for UK & Ireland board
Birds Eye has appointed a new UK & Ireland finance director and a country manager for the UK to take responsibility for the Birds Eye, Aunt Bessie’s and Goodfella’s brands, which are all owned by parent group Nomad Foods
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NewsArla Food Ingredients swoops for Volac’s whey nutrition business
Arla Food Ingredients has agreed a deal with dairy business Volac to take over its whey nutrition division and turn the Welsh factory into a global production hub
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NewsSamworth Brothers expands food-to-go operation with Real Wrap Co deal
Samworth Brothers has taken full ownership of food-to-go supplier The Real Wrap Company following the purchase of a minority stake in the business last year
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NewsCity snapshot: Grocery price inflation falls amid increase in promotions
Grocery price inflation fell for the 14th consecutive month back to 3.2% last month, aided by a significant increase in promotional spending
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NewsMedia Bites 23 April: Asda, Tesco, Chill Brands
Asda is in focus in this morning’s papers after releasing its annual results
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NewsMy Emissions secures seven figures for carbon labelling tech rollout
Food tech startup My Emissions has raised a further £1.3m as it prepares to roll out its carbon labelling tool with new national and international partners
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NewsRelations with suppliers at ‘all-time high’ says Asda owner Mohsin Issa
Issa said the support of suppliers was vital for the next phase of investment in prices and loyalty
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NewsMedia Bites 22 April: Asda, Unilever, Getir
Zuber Issa is close to selling his stake in Asda to TDR Capital in a deal that would tighten the private equity firm’s control over Britain’s third biggest supermarket chain
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NewsCity snapshot: ‘Supermarket powerhouse’ Asda boosts annual sales and profits
Asda has generated underlying profits of more than £1bn as sales increased for four consecutive quarters in 2023. Plus, vape supplier Chill Brands suspends CEO amid regulatory concerns; and a full-year trading update from PayPoint.
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NewsCity News: B&M sales jump 10% but City remains unconvinced
Discount retail group B&M European Value reported an annual sales jump of over 10% this week, but concerns swirled in the City over the rate of growth slipping back in its final quarter despite a boost from the early Easter
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NewsAnother year of profit for Thorntons after closure of store estate
Chocolatier Thorntons has posted another year of profit growth after shuttering its loss-making store estate