Finance news – Page 164
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NewsMedia Bites 21 May: Oatly, FeverTree, Plastic bags
Shares in Oatly have surged by 30% on the company’s US stock market debut, valuing the alt-milk maker at $13bn
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NewsCity snapshot: FeverTree boosted by rise of at home cocktail consumption
Fever-Tree has continued to post “strong” off-trade sales in the early months of 2021 ahead of the re-opening of pubs, bars and restaurants and coronavirus restrictions eases around the world. Plus, Oatly prices $1.4bn IPO, Young’s posts loss due to pub closures and all the latest news from the City.
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NewsMedia Bites 20 May: Pubs, Premier Foods, Just Eat Takeaway
The papers put pubs in the spotlight after big losses yesterday for Mitchells & Butlers and Marston’s as Covid restrictions continue to take a toll.
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NewsReal Handful secures funding boost as savoury range launches at mults
Healthy snack brand Real Handful has secured a six-figure follow-on funding package to support a host of new listings for its expanded product range of savoury nuts and trail mixes.
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NewsTenacious Labs buys Colorado-based B2B CBD player SZM
Recently launched buy-and-build cannabinoid group Tenacious Labs has made its second acquisition since launch, buying Colorado-based contract manufacturer SZM in a cash-and-shares deal
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NewsVirtue Drinks raises £1.1m to fuel further growth
Natural energy drink brand Virtue Drinks has closed a £1.1m funding round to support ongoing growth and expansion in the UK and overseas.
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NewsCharlie Bigham’s propelled to record year thanks to Covid-fuelled demand
Revenues and profits at Charlie Bigham’s have soared during lockdown as shoppers turned to its posh ready meals to add some variety to dinnertime.
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NewsMedia Bites 19 May: Australia trade deal, Tesco, Land Securities
UK farmers have sounded the alarm over reports the government plans a trade deal with Australia that would make its food and farming imports cheaper
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NewsCity Snapshot: “Outstanding” year for Premier Foods as shoppers flock to its brands
Premier Foods has revealed an “outstanding” year of growth as the pandemic significantly elevated demand for its household brands. Plus, Marston’s falls to big first-half loss as lockdown smashes sales; Chapel Down appoints former Booker chairman to its board; and Russian retail Lenta acquires Moscow rival.
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NewsExecutive pay plunges at Tesco as Covid costs and bank charges hit bonus targets
The supermarket declined to pay an annual bonus to its leadership team as it failed to hit profit targets
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NewsFive Points Brewing smashes £350k crowdfunding target
London craft brewer Five Points Brewing has raised almost £700,000 in its latest crowdfunding round to help with ambitious plans to build a new showcase brewery and taproom.
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NewsDanone drafts Barry Callebaut CEO Antoine de Saint-Affrique as its new boss
De Saint-Affrique, who has led the Swiss chocolate maker and cocoa processor since 2015, will take up his new role on 15 September
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NewsCity snapshot: Surging retail sales drive double digit profit and revenue rise at Cranswick
A surge in retail sales during the pandemic has driven a double-digit rise in annual sales at meat producer Cranswick. Plus, Britvic encourage by recent trading after lockdown hits first half performance and sales and profits rise at Imperial Brands.
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NewsMedia Bites 18 May: Hospitality, Danone, Costa Coffee
Close to a million people went back to work on Monday in more than 50,000 bars, restaurants and hotels across the UK even as business owners questioned longer term reopening plans given the rapid spread of a new Covid-19 variant.
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NewsCompetition watchdog sets out what Issa brothers must do to clinch Asda deal
The CMA today published the full text of its provisional decision to accept the sell-off of some forecourts as a condition of the Asda takeover
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NewsPE house Exponent signs agreement to acquire Gü Puds
The former owner of Quorn signed an agreement last night to acquire the dessert brand from Noble Foods
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NewsMedia Bites 17 May: Amazon, Reckitt Benckiser, Ocado
Amazon is to create a further 10,000 permanent jobs this year, bringing its total workforce to 55,000 permanent staff
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NewsCity Snapshot: Danone set to appoint Barry Callebaut boss as new CEO
French food group Danone is reportedly set to name its new CEO later today following the ousting of Emmanuel Faber earlier in the year.
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NewsCity News: Analysts react positively to THG/Softbank tie-up
Softbank has provided THG with $730m as part of a $1bn capital raising.
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NewsMedia Bites 14 May: Kellogg’s, hospitality, McDonald’s, Alibaba
Kellogg’s has promised to cut sugar in its children’s cereals by 10% and salt by 20%.