Finance news – Page 177
-
NewsCity snapshot: Finsbury Food suffers further decline as lockdown drags on
Finsbury Food Group has suffered further declines in sales and profits as the return of lockdown towards the end of 2020 halted the recovery of its foodservice business.
-
NewsNestlé posts strongest growth numbers in five years
Petcare was the group’s standout performer, with its premium brands Purina Pro Plan, Purina One and Felix driving the category to organic growth
-
NewsBestway completes Costcutter takeover following FCA approval
Bestway COO Naser Khan has been charged with overseeing the Costcutter integration
-
NewsCity snapshot: Danone plans ‘year of recovery’ after 2020 sales drop
Danone has guided towards a ‘year of recovery’ in 2021, while it has acquired US-based vegan dairy player Earth Island. Plus, UK retail sales slump in January and all the rest of the latest news from the City.
-
NewsMedia Bites 19 Feb: Asda/Walmart, Nestlé, Business rates
The new owners of Asda have been urged to overhaul the supermarket’s strategy after its performance over the Christmas period lagged behind its rivals
-
NewsAsda sales up 6.9% over Christmas in last Walmart era results
CEO Roger Burnley cites ‘strong growth’ in online as the standout factor
-
NewsCheeky Panda cleans up with £2m fundraising
Eco toilet paper supplier The Cheeky Panda is raising £2m on Seedrs secondary market to help meet investor demand after a year of rapid growth.
-
NewsCity Snapshot: Booming petcare sales help Nestlé increase 2020 revenues
Global foods giant Nestlé has posted an uptick on organic sales growth during the coronavirus period, helped by strong growth in its petcare, dairy and coffee businesses. Plus, Premier Foods pays down more debt, Carrefour posts ‘record’ year and more.
-
NewsMedia Bites 18 Feb: Danone, Total Produce/Dole Foods, British American Tobacco
A large shareholder in French consumer goods group Danone has urged its directors to oust chairman and chief executive Emmanuel Faber, halt a planned group reorganisation that he has championed, and sell underperforming brands that account for 15% of revenue.
-
NewsNomad Foods reveals strong finish to 2020 as frozen gets Covid boost
In a trading update issued ahead of its annual results next week, the Birds Eye owner revealed organic revenues jumped by 9.5% in the final three months of 2020 as the Uk entered lockdown once more.
-
NewsOhso Chocolate sells 75% stake in sweet investment deal
Under the umbrella of S-Ventures, Ohso will look to develop the product range, continue to grow its existing product lines and consider partnering opportunities with other major brands to use its technology.
-
NewsDeliveroo to expand grocery delivery service into 125 towns this year
The Grocer understands the increased availability will come from existing supermarket partners
-
NewsCraft beer startup Shandy Shack raises six-figure investment
The £160k in funding, raised from three angel investors, will help Shandy Shack expand its retail distribution, develop the range and scale up marketing.
-
NewsMedia Bites 17 Feb: Lloyds Pharmacy, Virgin Wines, Iceland
The owner of Lloyds Pharmacy is exploring a £400m sale of the business
-
NewsCity snapshot: Total Produce and Dole to float on US stock market
Fruit and veg supplier Total Produce has agreed to combine with Dole Food Company to created the largest fresh producer in the world with revenues of almost $10bn. Plus, profits jump at BAT despite Covid disruption; Nestlé sells North American water brands for $4.3bn; Imperial Brands appoints a CFO; Ahold Delhaize 2020 sales soar thanks to pandemic; and Ohso Chocolate acquired by VC firm.
-
NewsLucky Saint secures £3.5m investment following year of strong growth
Lucky Saint will use the funds to increase brand awareness and drive trial within retail, as well as investing in people and marketing
-
NewsRedefine Meat raises $29m to bring 3D printed meat to market
The series A funding round will see the Israeli company’s products launch in Europe, followed by Asia and North America
-
NewsVirgin Wines announces £100m London float
The fast-growing wine importer and distributor expects its shares to be admitted to London Stock Exchange’s AIM on or around 2 March
-
NewsCity snapshot: Kerry reports ‘strong recovery’ as year-end sales return to growth
Irish food and nutrition supplier Kerry Group has posted a 4% drop in annual sales in 2020, which it said representing a ‘strong recovery’ since April with improvements in its taste & nutrition and consumer foods divisions.
-
NewsMedia Bites 16 Feb: Virgin Wines, Coke, Mitchells & Butler
Home delivery wine retailer Virgin Wines has announced plans to list on the stock market next month after enjoying booming demand amid the pandemic.