Finance news – Page 238
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NewsPreserve startup Rogue launches crowdfunding campaign to become ‘household brand’
The startup was due to hit Seedrs last October but after losing the backing of a lead investor was forced to delay the launch
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NewsLogistics bosses welcome scrapping of Operation Brock lorry park project
Logistics bosses have welcomed the government’s decision to scrap plans for an off-road lorry park in Kent, originally intended to deal with post-Brexit border disruption. However, both transport companies and retail leaders are calling for urgent action to ensure the ports are ready for the end of ...
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NewsCity snapshot: BRC warns of higher prices and food shortages from border friction
The British Retail Consortium has warned the UK faces higher food prices and reduced supply of short shelf-life goods in the event of border friction with the EU.
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NewsMedia Bites 17 Feb: Unilever, Tesco, BRC/Brexit
Unilever has kicked off a strategic review of its health and beauty brands as the consumer goods giant wrestles with slow growth.
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NewsVieve Protein Water eyes US launch through £150k fundraising drive
The London-based brand is looking for startegic investors who could help it become a leading player in the sports nutrition category
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NewsSales rise at Oscar Mayer but profits hit by escalating costs
UK Ready meals supplier Oscar Mayer grew sales by 5.7% last year to £320m but profits were hit by escalating input costs.
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NewsSainsbury’s bucks grocery’s inflationary trend with price cuts
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation, with further inflationary pressures on the horizon.
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NewsButternut Box secures further £20m investment to accelerate growth
The latest investment takes the total raised by the DTC petfood business to over £40m since launching in 2016
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NewsCity snapshot: Sainsbury’s prices fall but supermarket inflation persists
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation.
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NewsMedia Bites 14 Feb: Nestlé, CBD regulation, Domino’s UK
The world’s largest food company is looking to to meat-free products to lift sales after missing its organic growth target.
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NewsPepsiCo’s annual sales rise on strong European performance
For 2020 the business expects revenues to rise 4%
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NewsSpanish storms drive rocketing wholesale prices for lettuce
Storm Gloria buffeted coastal areas from Catalonia to Murcia over the weekend of 18-19 January
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NewsFSA sets CBD suppliers 2021 deadline to attain novel foods status
After next March, only goods that have submitted a valid application will be allowed to remain on the market
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NewsMedia Bites 13 Feb: Greggs/Asda, Coronavirus, Business rates
Greggs partners with Asda for in-store concessions, the Coronavirus outbreak threatens economic growth and retailers come together to demand a reform of business rates
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NewsNestlé targets improved 2020 sales growth
Nestlé has forecast an improvement in sales growth over the coming years after posting a solid increase in revenues and profits in 2019.
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News50 retail bosses including Burnley and Coupe write to Sajid Javid demanding business rates reform
The open letter urges the Chancellor to urgently scrap rules limiting how quickly business rates can fall in line with dropping rents
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NewsBrighton-based sustainable supermarket Hisbe offers £450k bond to fund second site
Hisbe is looking to raise £450k to fund the opening of a second ‘ethical supermarket’ in Worthing
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NewsPots & Co raises more than £500k following Lloyds loan
The London-based pudding business issued 8,293 shares at £67.35 each, but refused to comment on future plans
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NewsSainsbury’s offers cheaper products in Nectar Prices promotion
The discount has been rolled out to lines of own brand fresh fruit & vegetables, selected Taste the Difference meals and a wide range of branded items
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NewsCity snapshot: Heineken CEO to step down as it posts 5.6% annual sales growth
Heineken has announced its CEO is to step down as it posted a year of solid revenue growth as sales volumes and prices both rose. Plus, Ahold Delhaize earnings rise on sales growth and all the rest of the latest news from the City.