Finance news – Page 22
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NewsUnrooted raises another £1.2m to boost growth
A majority of the money was raised from existing investors, but the round also saw former Diageo boss Paul Walsh join the business as a strategic advisor
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NewsCity snapshot: B&M annual sales up 10% but growth slows in 2024
Discount retail group B&M European Value grew annual revenues by over 10% to £5.5bn, but the rate of growth has slipped back in the final quarter of its financial year
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NewsMedia Bites 16 April: food prices, Pret a Manger, Bloom & Wild
Shoppers are facing “difficult” increases in food prices because of a wet winter that left fields underwater, a farming leader has warned
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NewsOggs beats crowd target to continue mission to replace eggs
Oggs will use the money to unlock new manufacturing opportunities and bolster its branded grocery business supplying ‘cruelty-free’ cakes
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NewsMcCain GB sales jump but rising potato prices eat into margins
The UK arm of potato giant McCain saw a 19.5% jump in sales last year, but profits were flat as margins declined amid elevated costs and weather challenges
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NewsEast Imperial set for administration after suspending shares
The group suspended trading in its shares on the London Stock Exchange this morning and is preparing to appoint administrators or liquidators
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NewsHeck back in profit after range reset
The brand reported an operating profit of £239k last year following a switch to more profitable SKUs
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NewsCity snapshot: Glanbia acquires ingredients firm Flavor Producers in $355m deal
Irish nutrition group Glanbia has acquired US ingredients business Flavor Producers in a deal worth up to $355m (£284.7m). Plus, tonic maker East Imperial suspends shares ahead of collapse
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NewsMedia Bites 14 April: Supermarket property, Getir, Applied Nutrition
Supermarkets, including Asda and Morrisons, are selling their stores to raise quick cash
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NewsCity News: Tesco impresses City with jump in profits and share
The City gave a thumbs-up to Tesco this week in the wake of a double-digit jump in profits, driven by easing price inflation and continued market share gains
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NewsDivine Chocolate sees 10% sales drop amid category decline
Ethical chocolate maker Divine saw a near 10% sales decline last year as consumers shunned premium chocolate amid HFSS regulations and cost of living challenges
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NewsCity snapshot: Economy grows in February as UK emerges from recession
The UK economy grew in February despite high levels of rainfall, suggesting the country is emerging from the recession in the final two quarters of 2023
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NewsMedia Bites 12 April: Jus-Rol, Amazon, Farming
A French pastry maker has been ordered to sell Jus-Rol after losing a second legal challenge against the competition watchdog’s decision
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NewsElla’s Kitchen loses share as cost-conscious families turn to own label
Ella’s Kitchen has seen its market share eroded as parents switched to cheaper own-label babyfood amid price sensitivity in the category
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NewsSimplyCook defies category woes to make first-ever profit
The company called 2023 a “watershed” year and said in its newly filed accounts that it moved into the black thanks to a “right-sized” plan, with lower marketing investment and disciplined cost management
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NewsCity snapshot: Distil fourth quarter sales drop as consumers cut back on spirits
Annual sales were up 17% at listed spirits brand Distil, despite a 47% fall in fourth quarter volumes amid consumer spending pressures
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NewsMedia Bites 11 April: Tesco, Asda, Poundstretcher, food security
The latest annual results from Tesco get blanket coverage in today’s papers after the supermarket giant revealed bumper profits
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NewsMcCain completes Strong Roots acquisition, targeting global growth
McCain acquired a minority stake in the Dublin-based business in 2021
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NewsFearne & Rosie set for growth push with two senior hires
Fearne & Rosie has appointed its first-ever finance director and sales director to help the fast-growing challenger brand get its range of healthier jams into more supermarkets
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NewsMinor Figures losses hit £10m in face of oat milk challenges in Asia
Losses have widened substantially at Minor Figures but the oat milk challenger said it was on the path to profitability after shifting focus away from Asia to growth markets in the UK and North America