Finance news – Page 225
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NewsCity Snapshot: Pets at Home raises profits guidance as shoppers splurge on Christmas presents for pets
Pets at Home Group has lifted its profit expectations after a bumper Christmas as momentum picked up during lockdown carried on throughout 2021. Plus, Premier Foods appoints Tania Howarth, former COO at Nomad Foods, to its board.
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NewsFood delivery tech player Deliverect valued at $1.4bn after $150m funding round
Food delivery software firm Deliverect has raised $150m to value it at $1.4bn as it seeks to scale up its business across the globe.
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NewsUnilever announces 1,500 job cuts amid global restructure
Unilever has announced a number of changes to its organisational structure, including 1,500 job cuts, as part of a drive to make it a ‘more category-focused business’
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NewsCity snapshot: Rémy Cointreau sales surge amid ‘exceptional’ spirits market
French spirits group Rémy Cointreau has posted sales growth of 21% in its third quarter as demand for cognac rebounded.
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NewsMedia Bites 25 January: Unilever, CO2, THG
Unilever continues to make headlines this morning as the papers digest what the arrival of activist investor Nelson Peltz means for the Marmite maker.
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NewsCake Box shares tumble after reporting errors uncovered
Shares in AIM-listed bakery chain Cake Box have tumbled almost 22% today after it admitted “inconsistencies” in its financial reporting
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NewsGroceries Code Adjudicator reads supermarkets the riot act over inflation
The Adjudicator today published a new set of ’golden rules’ for retailers
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NewsMedia Bites 24 Jan: Unilever, Morrisons, Retail sales
Nelson Peltz’s activist hedge fund Trian Partners has built a stake in Unilever, ratcheting up the pressure on the FTSE 100 company
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NewsCity Snapshot: Pressure intensifies at Unilever as Nelson Peltz’s activist fund buys stake
Unilever’s embattled management team is under more pressure this week as it emerged that Nelson Peltz’s activist hedge fund Trian Partners has built a position in the consumer goods group.
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NewsUnilever’s failed bid for GSK arm leaves management in a precarious position
Unilever announced on Wednesday it would not up its bid for GSK’s consumer arm
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NewsMy Fabulosa reports doubling of sales as it shakes up household
Founder and MD James Sharpe told The Grocer the company was on track to continue its meteoric growth in 2022.
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NewsCity snapshot: Omicron hits Christmas retail sales
UK retail sales fell back over the crucial Christmas period as Omicron kept shoppers away from stores.
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NewsJamaica Rum Vibes wins backing from AB InBev VC fund
It follows the business completing an accelerator programme at Add Psalt, which focuses on growing black-owned brands in UK grocery.
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NewsOmni raises £1.1m to accelerate growth of vegan dog food brand
Vet Guy Sandelowsky and former investment banker Shiv Sivakumar founded the business in 2020 in an attempt to make pet food more sustainable.
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NewsMedia Bites 21 January: Unilever, Premier Foods, Deliveroo, Associated British Foods
The fallout from Unilever’s disatrous buyout attempt of GSK Consumer Health continues to fill the column inches in this morning’s papers.
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NewsHiggidy to invest £10m at Shoreham HQ with view to doubling sales
The investment followed increased demand for the brand’s products, fuelled by ’the rise in flexitarian and vegan diets’, said Higgidy
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NewsEx-Symington’s boss David Cox named CEO of dogfood maker Forthglade
Cox departed Symington’s following a takeover by Italian dairy and pasta group Newlat Food
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NewsMamamade raises £1.5m in oversubscribed funding round
The pre-seed round was made up of an oversubscribed crowdfunding campaign on the Seedrs platform, with almost £830k raised from more than 300 investors, more than doubling its £400k target.
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NewsCity snapshot: Premier Foods ups profits guidance on continued branded growth
Premier Foods saw sales edge back from elevated levels last year in its third quarter, but has upgraded its earnings expectations on continued strong trading so far in its financial year. Plus trading updates from ABF and Deliveroo and all the rest of the latest news from the City.
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NewsMedia Bites 20 January: Unilever/GSK, inflation, WH Smith
Unilever dominates the headlines once more after saying it won’t pay any more than £50bn for the GSK consumer health arm.