Finance news – Page 182
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NewsCity News: Bakkavor shares tumble on warning of lower profits
While sales volumes had held up through the summer, they had taken a downward turn in September
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NewsMedia Bites 28 Nov: Black Friday/UK retail, Devro, Amazon
Black Friday sales bounced back this year as shoppers looked out for good deals, despite predictions the higher cost of living would dampen the event
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NewsCity snapshot: DX Group invests £3.6m in depot network
Logistics group DX is investing £3.6m into upgrading its existing depot network as part of its “ambitious” growth plans.
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NewsCity snapshot: Andy Bond rejoins Pepco board as chairman
Former CEO Andy Bond will rejoin the board of Poundland owner Pepco as chairman after stepping down from his former role earlier this year
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NewsMedia Bites 25 Nov: Cranswick, Black Friday, UK hospitality
One of the UK’s biggest pork producers has spent £4m hiring butchers from the Philippines, after a staffing crisis threatened to hamper production
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NewsHancocks Cash & Carry owner eyes private equity sale
The owner of speciality wholesaler Hancocks Cash & Carry is gearing up for a potential sale as investment banking partners prepare to send out documents to prospective investors
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NewsCity snapshot: Collect+ growth boosts PayPoint sales
Retail technology firm PayPoint has posted a rise in first half revenues and comparable profits despite a “challenging and unpredictable economic environment”
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NewsMedia Bites 24 November: Pets at Home, Britvic, cost-of-living crisis
Half-year results for Pets at Home and annual figures from Britvic are picked up by this morning’s papers.
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NewsHolland & Barrett apologises over late payments as owner concludes £700m debt deal
Holland & Barrett has vowed to improve supplier relations amid growing protests from small suppliers over late payments extending past 120 days, with new government data showing the business paid almost 60% of invoices outside its agreed terms
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NewsBakkavor shares sink as volumes come under pressure
Shares in Bakkavor have plunged as the prepared foods group warned annual profits would be at the lower end of forecasts as volumes took a hit from the squeeze on consumer spending power.
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NewsCity snapshot: Britvic sales and profits fizz during hot summer
Revenues and profits at Britvic have fizzed higher as the group’s range of soft drinks proved popular over a hot summer and the out-of-home market recovered from the pandemic. Plus, Bakkavor warns of volume hit in Q3 and Pets at Home reports interims.
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NewsMedia Bites 21 Nov: AB InBev, Christmas spending, Tunnock’s
Following Qatar’s last-minute decision to ban alcohol at World Cup stadiums, Budweiser will ship the unsold Buds to the country that wins the tournament
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NewsBetter Nature lands £700k funding boost to build tempeh awareness
Better Nature has raised new seed funding to fuel retail growth of its tempeh range in the UK and Europe ahead of a bigger series A round next year
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NewsCity Snapshot: Price hikes boost Cranswick sales but profits slip on cost recovery delays
Meat and poultry specialist Cranswick has posted a double-digit rise in first half sales on strong pricing, but profits were dented by the lag in recovering soaring inflation
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NewsMedia Bites 22 November: CBI conference, eggs, food production, fuel, Waitrose, Compass Group
The papers cover the speeches of John Lewis boss Sharon White and PM Rishi Sunak at the annual Confederation of British Industry conference.
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NewsCBD One raises crowd cash to bolster food and drink presence
Wellness brand CBD One has hit a £225k crowdfunding target as it expands its presence in the food and drink market.
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NewsMister Free’d secures funding as it lands B Corp certification
Gluten-free snack maker Mister Free’d has landed a six-figure funding package and secured B Corp certification.
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NewsReal Good Food secures £2.5m to support turnaround
Embattled Real Good Food has secured additional funding to support its ongoing turnaround efforts. Investors greeted the news positively, sending shares soaring 62% to 1.7p today.
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NewsIceland founder Malcolm Walker rebuffs takeover suitors
Opportunistic investors are reported to have bought the supermarket’s debt for as little as 67p in the pound earlier this year, in a strategy that can prelude a debt-for-equity swap and takeover if borrowing becomes unaffordable
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NewsCity snapshot: Compass Group accelerates ahead of pre-pandemic trading
Profits have soared at catering giant Compass as annual revenues surpassed pre-Covid levels and the business completed its recovery from the pandemic. Plus, Real Good Food secures new funding to supoort turnaround; and