Finance news – Page 199
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NewsMedia Bites 7 September: Brexit, Asda, Iceland
The government is planning new legislation that will override key parts of the Brexit withdrawal agreement, risking the collapse of trade negotiations with Brussels
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NewsLockdown sales surge helps B&M reach FTSE 100
The coronavirus crisis has helped propel B&M Bargains owner B&M European Value Retail into the FTSE 100, six years after making its stock market debut.
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NewsAlkaline ionised bottled water brand Actiph plots US push after £1.2m fundraise
Fast-growing alkaline bottled water brand Actiph has raised £1.2m to underpin its international expansion plans and further boost its UK distribution.
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NewsPetfood supplier Forthglade eyes expansion following sale to IK Investment Partners
Premium dogfood supplier Forthglade is eyeing an international expansion push and broader range after its £50m sale to European investment firm IK Investment Partners.
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NewsBurleighs Gin funding drive tops £100k to launch into non-alcoholic market
Craft brand Burleighs Gin has hit a £100,000 crowdfunding target to expand into the booming ‘low & no’ category with a non-alcoholic variant.
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NewsCity Snapshot: Empty offices leave retail locations deserted
UK footfall remained 34.8% down year-on-year in August despite the reopening of shops and the ending of lockdown as empty offices mean footfall is not returning to towns and city centres.
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NewsMedia Bites 4 Sep: Costa Coffee, Pret a Manger, Ocado
Costa Coffee has announced up to 1,650 redundancies after becoming the latest high street business to be hit by the dearth of city centre shoppers
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NewsMedia Bites 3 September: Organic sales, Eat Out to Help Out, Domino’s
Sales of organic food and drink rose sharply in the UK during lockdown
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NewsCity snapshot: Branded sales growth helps Arla shrug off coronavirus challenges
Danish dairy giant Arla grew its first half revenues by 2.8% driven by branded sales and retail growth, The Hut Group confirm £4.5bn September float plan, B&M promoted to the FTSE 100 and all the latest news from the City.
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NewsUnilever pledges to eliminate fossil fuels from household products
Unilever will invest €1bn in a drive to remove ingredients derived from fossil fuels from its cleaning and laundry products.
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NewsMedia Bites 2 September: Ocado/M&S, Walmart, B&M
The inaugural day for the Ocado and M&S partnership turned sour as the business was forced to apologise to grumbling customers for cancelling orders
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NewsPlanty secures seed investment from Veg Capital
Vegan meal delivery start-up Planty has secured seed investment from investment firm Veg Capital.
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NewsPremium dog food brand Forthglade sold to IK Investment Partners
Nordic investment firm IK Investment Partners has bought a majority stake in premium pet food supplier Forthglade in a deal that will see existing PE investor Piper exit the business
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NewsCity snapshot: Sweet sales growth for Cake Box as stores reopen
Cream cake retailer Cake Box is giving back furlough cash and paying shareholders a special dividend after a strong performance since the easing of lockdown. Plus Nestlé is set to acquire biopharmaceutical company Aimmune Therapeutics and all the rest of the latest news from the City.
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NewsMedia Bites 1 Sep: Ocado/M&S/Waitrose, Forthglade, Nestlé
The first deliveries of Marks & Spencer’s groceries will reach customers on Tuesday as its online shopping venture with Ocado begins
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NewsAlbert Bartlett closes in on Kiddyum rescue deal
Potato supplier Albert Bartlett is in discussions to save the Kiddyum brand following its liquidation, The Grocer understands.
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NewsPlant-based restaurant chain Stem & Glory raises cash for multi-channel growth
Plant-based restaurant chain Stem & Glory has raised more than £70k via a convertible bond offer to develop a subscription-based meals offer and target supermarket listings
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NewsThe Hut Group float to reinvigorate London IPO market
The moribund IPO market got a jolt this week with the news that beauty and nutrition company The Hut Group is plotting the biggest float of a British company in seven years
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NewsTiptree owner Wilkin & Sons blames ‘tough’ market as sales slow
Growth fell back at premium jam maker Wilkin & Sons last year amid a slowdown of international sales and a “tough” UK retail market
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NewsPret A Manger lays off a third of workforce
The announcement comes after the lockdown has wiped out ten years of growth