Finance news – Page 166
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NewsJames White Drinks expands health shot offering with BumbleZest acquisition
The group behind the Big Tom and Beet It juice brands has snapped up functional shot producer BumbleZest for an undisclosed sum
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NewsTroubled Farmison seeks buyer or cash injection
The private equity owner of premium online meat retailer Farmison is seeking a buyer or new financing for the lossmaking business
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NewsIceland Foods converting chiller cabinets in Food Warehouse stores to cut energy costs
Iceland is working with The Bond Group to convert open chillers to doored fridges in 150 Food Warehouse stores
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NewsMedia Bites 29 March: EG Group/Subway, Planet Organic/Waitrose, Diageo
The owners of Asda are said to be planning an £8bn takeover of Subway
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NewsCity snapshot: Chapel Down sales fizz as it shifts record volumes of premium sparkling wine
English wine maker Chapel Down has registered a record year as sales of traditional method sparkling wine boomed.
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NewsWaitrose pulls out of talks to invest in Planet Organic
The supermarket chain ended talks last week over an investment of millions of pounds in return for a sizeable stake in the rival grocer
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NewsBoots posts double-digit growth after strong Christmas sales
Pharmacy chain Boots has posted double-digit growth in its second quarter, driven by strong Christmas trading and beauty sales
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NewsOcado Retail sales edge up on pricing and increased customer numbers
The online retailer’s first quarter revenues were up 3.4% year on year to £584m
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NewsDiageo names Debra Crew as new CEO as Ivan Menezes steps down
Menezes has decided to retire on 30 June 2023 after 10 years running the spirits giant, to be replaced by current COO Crew
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NewsCity snapshot: Grocery price inflation hits new high of 17.5%
Grocery price inflation reached a new high of 17.5% over the four weeks to 19 March, costing households an additional £837 on their annual supermarket bills. Plus, Diageo names new CEO, Ocado Retail sales edge up in first quarter, AG Barr posts strong annual growth amid margin compression and all the rest of the latest news from the City
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NewsMedia Bites 28 March: Inflation, John Lewis, Gopuff
The latest shop prices index from the BRC makes headlines this morning as food prices continue to rise
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NewsEndless acquires Smithfield Murray to combine with Yorkshire Premier Meat
Smithfield Murray has been snapped up by Endless to bring the poultry processor together with the private equity firm’s other protein business, Yorkshire Premier Meat.
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NewsMedia Bites 27 March: John Lewis, Asda, Boots, Ocado
It would be a tragedy if John Lewis were to change is staff-ownership model, a former boss of the retailer has said
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NewsCity snapshot: Former John Lewis boss urges rethink to potential sell-off
A former boss of John Lewis has said it would be a “tragedy” if the retailer changed its partnership model.
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NewsCity News: Shares recovery at Fever-Tree on investor optimism for 2023
Fever-Tree shares are 35% down year on year and more than 55% down since the start of 2022 Fever-Tree shares jumped this week, despite a heavy fall in annual profits. Investors breathed a collective sigh of relief on assurances its profits this year would be in line ...
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NewsUnrooted secures £1.1m to help boost UK distribution
The baobab-infused drinks supplier has raised £1.1m through backing from a variety of family offices and individual investors.
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NewsMedia Bites 24 March: Inflation, Fortnum & Mason
It is a very quiet morning in the papers in terms of grocery news.
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NewsPark Cakes looks at sale options as it seeks fresh funding
The group, which makes the Colin the Caterpillar cake for Marks & Spencer, is working with advisory firms Teneo and A&M to explore its options, The Grocer has learned.
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NewsFormer Tree of Life staff win backing for new healthy food wholesaler
An Irish investment group is backing a group of former Tree of Life employees to establish a new healthy food wholesaler in the UK
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NewsCity snapshot: Retail sales return to pre-Covid levels as consumer confidence edges up
Retail sales have jumped by more than expected in February despite the inflationary challenges facing consumers, according to new data published this morning. Plus, consumer confidence also rises in March