Finance news – Page 159
-
NewsMedia Bites 28 June: Ocado, Morrisons, Food shortages
A co-founder of Ocado has made a “significant payment” to settle a legal dispute with the FTSE 100 online grocer
-
![Morrisons_Paper_Bags_2[36]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/7/7/5/238775_morrisons_paper_bags_236_623262.jpg)
NewsCity News: Morrisons bid could be catalyst for rerating of supermarket stocks
The rejected £5.5bn CD&R bid promoted a share price surge across the sector
-
NewsPub closures see annual sales tank at alcohol wholesaler LWC Drinks
Booze wholesaler LWC Drinks saw revenues plunge by 42% last year as it suffered from pub and leisure closures.
-
News2 Sisters continues branded exit with bakery sale plan
Brands up for sale include Lancashire pie maker Holland’s and Irish sausage roll producer Portumna
-
NewsWhitworths returns to profit following Covid sales boom
The dried fruit supplier has bounced back into profit as the boom in healthy snacking and home baking during the pandemic drove a 19% jump in sales
-
NewsHelloFresh makes first profit in UK amid rocketing demand
Meal kit giant HelloFresh made its first profit in the UK last year as booming sales during the pandemic led to increased profitability.
-
NewsCity snapshot: UK consumer confidence holds firm in June
UK consumer confidence remained at its highest post-pandemic level during June, although concerns over rising inflation have affected sentiment over the country’s economic prospects.
-
NewsMedia Bites 25 June: Deliveroo, Morrisons, Inflation
Deliveroo has won the latest battle in the long-running legal fight over the employment status of its riders
-
NewsCity snapshot: Store estate expansion drives Pepco profit and sales growth
Newly listed Poundland owner Pepco Group has announced an increase in first half revenues and profits as the addition of new stores mitigated the impact of Covid shop closures and lower footfall in its UK stores.
-
NewsMedia Bites 24 June: HFSS, Morrisons, GSK
It is much quieter in the papers this morning as the dust on the Morrisons story settles for now. The main story is that junk food adverts will be subject to a near total online ban and a 9pm television watershed by the end of next year.
-
NewsMedia Bites 23 June: Morrisons, Grocery sales, DS Smith
MPs are preparing to intervene in a potential takeover of Morrisons
-
NewsCity Snapshot: Krispy Kreme lines up $4bn IPO
Doughnut maker Krispy Kreme looks set to be valued at up to $4bn in an upcoming IPO in New York. Plus, Pernod Ricard upgrades profit expectations as pace of recovery quickens.
-
NewsMycoprotein specialist Enough raises €42m to fund rapid growth
The vegan protein startup Enough has raised €42m (£36m) of new funding to scale up production
-
NewsItsu sells stake to PE house Bridgepoint as grocery sales soar
Asian-inspired brand Itsu has sold a significant minority stake to PE firm Bridgepoint as sales of its grocery brand soars in supermarkets.
-
NewsCity snapshot: Grocery sales slide on hospitality reopening
Grocery sales slipped back 1.6% in the 12 weeks to 13 June, according to Kantar, as the reopening of pubs and restaurants led to reduced spend at UK supermarkets.
-
NewsMedia Bites 22 June: Morrisons, Hotel Chocolat, Selfridges
The papers continued to focus on the suprise £5.5bn approach from CD&R for Morrisons this morning, with blanket coverage.
-
NewsKerry Group agrees €853m acquisition of preservatives maker Niacet
It follows an announcement on Friday that the Irish group had agreed to sell its UK and Ireland consumer foods business to Moy Park owner Pilgrim’s Pride
-
NewsMorrisons shares balloon more than 30% after it rejects £5.5bn offer
US private equity giant CD&R, which counts former Tesco boss Terry Leahy as an operating partner, now has 28 days under City takeover rules to table a new offer or walk away
-
NewsNaked Wines’ share price falls on annual loss while analysts point to bigger picture
Covid drove a step-change in the growth of Naked Wines, but it failed to have a similar impact on its bottom line
-
NewsGood Food Fund signs up Better Nature and Spare Snacks brands
Better Nature and Spare Snacks join the 12-month programme and will receive business support