Finance news – Page 18
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NewsCity News: AB InBev shows signs of recovery after North America disruption
The world’s largest brewer AB InBev was up this week on hopes it might be emerging from a torrid time in North America
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NewsEthosa raises £230k to strengthen brand
Waterless personal care company Ethosa has raised £230k via crowdfunding to drive growth
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NewsCrawshaws successor Sterling Meat Co posts more strong growth
The Manchester-based retailer delivered a 54.3% jump in sales to £22.8m in the year to 31 December
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NewsCity snapshot: Ultimate Products sales drop amid weak consumer demand
Household goods manufacturer Ultimate Products has warned that sales have continued to slow following a “disappointing” Spring
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NewsMedia Bites 10 May: John Lewis, Fruugo, Spinneys/Waitrose
John Lewis has shed 3,800 jobs over the past year, as it races to cut costs across its stores
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NewsHome Dough Pizza launches investment drive amid ad agency partnership
Home Dough Pizza, a ‘restaurant quality’ pizza startup with listings across London, has kicked off a drive for new investment to take the brand national
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NewsMusgrave Northern Ireland invests £14m into new own-label range
Dubbed Good Food Locally Sourced, the range consists of almost 150 products sourced from local suppliers
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NewsCity snapshot: Beyond Meat sees 18% sales plunge on weakening plant-based demand
Vegan foods pioneer Beyond Meat saw an 18% plunge in first quarter revenues as demand in the category continues to weaken
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NewsMedia Bites 9 May: BrewDog/James Watt, AB InBev, JD Wetherspoon
James Watt, the founder and chief executive of BrewDog, is stepping down following a turbulent period in charge of one of the country’s most successful and controversial homegrown brands
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News2 Sisters owner Boparan remains £23m in the red despite price hikes
2 Sisters owner Boparan remained £23.1m in the red last year despite a double-digit rise in sales as soaring cost inflation hit the poultry giant’s bottom line
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NewsMission Ventures appoints Alex Brown as partnerships director
Brown will manage existing relationships and build new partnerships across the food and investment sectors
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NewsShelf-life extending tech company secures funding boost
OSY Group has secured a £750,000 funding boost from investors
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NewsCity snapshot: Pricing drives growth at AB InBev despite US struggles
The world’s largest brewer AB InBev grew first quarter revenues despite a dip in volumes and ongoing struggles in the US. Plus updates from Henkel, Ahold Delhaize and all the rest of the latest news from the City
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NewsMedia Bites 8 May: Morrisons, pubs, tea
Sandpiper CI has sold most of its supermarket franchises to the company that owns and runs Morrisons in the UK and Gibraltar
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NewsDale Farm invests record £70m in cheddar production
The expansion marks one of the largest-ever single investments by a Northern Ireland agri-food company and is expected to boost production by 20,000 tonnes per year
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NewsBuxton Brewery ‘looking at all options’ to ward off administration threat
The Derbyshire brewer blamed low consumer confidence and post-Covid difficulties for its plight
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NewsCity snapshot: UK retail sales slump in ‘dismal’ weather
UK retail sales fell back in April signifying a ‘depressing start to Spring” as wet weather suppressed activity
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NewsMedia Bites 7 May: Asda, Heineken, UK farming
Asda’s owners created nearly £1.5bn of new liabilities to finance a buyout of a petrol stations busines
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NewsCity News: Haleon shares take hit as sales volumes swing backwards
Shares in consumer health giant Haleon took a hit this week after sales volumes went backwards in the early months of 2024 to undershoot expectations
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NewsCity snapshot: Diageo announces CCEP’s Nik Jhangiani as CFO
Diageo has announced Nik Jhangiani will become its CFO later in the year. Plus, Asda refinances £3.2bn of debt and all the rest of the news from the City