Finance news – Page 242
-
NewsJust Eat agrees UK partnership with McDonald’s
Just Eat has agreed to partner nationwide with McDonald’s in the UK and Ireland to become the fast food chain’s second exclusive delivery partner for McDelivery.
-
NewsMedia Bites 28 Jan: Sainsbury’s, low & no, Amazon/Deliveroo
Sainsbury’s pledges to become carbon neutral by 2040, low & no beverages spike in value and Deliveroo attacks the CMA investigation into its proposed tie-up with Amazon
-
NewsSainsbury’s invests £1bn in 2040 carbon neutral target
The retailer plans to use the cash to implement a programme of changes
-
NewsBrave Foods raises six-figure investment to target UK and International growth
The brand will use the cash boost to grow awareness of the pulse snacking category in the UK
-
NewsWell & Truly banks £500k investment to boost growth
The latest cash boost takes the total raised by the brand to over £1m since launching in 2016
-
NewsTesco pushes loyalty scheme with Clubcard credit card
The new card features no foreign exchange fees and 0% interest on purchases for up to 18 months
-
NewsSpiritrade raises ‘seven-figure’ sum in international funding push
Spiritrade claims to be the first online booze trader to offer “truly safe and secure” transactions
-
NewsCity snapshot: Nestlé acquires medical nutrition business Zenpep
Nestlé has continued its strategic acquisition programme with a deal to buy gastrointestinal medication producer Zenpep.
-
NewsMedia Bites 27 Jan: Iceland, Poundland, Unilever
Frozen-food chain Iceland is preparing to axe jobs as it wrestles with a heavy debt pile and tough competition, PE firms circle Poundland and Unilever vulnerable to activist investors,
-
NewsYeo Valley profits fall after sale of milk business and restructure
Profits have fallen in Yeo Valley’s first trading period since the sale of its milk business to Arla as increased costs and restructuring have hit its bottom line.
-
NewsTyphoo Tea secures multimillion-pound backing from ‘major’ shareholder
The company has struggled in recent times, slumping to a £20m loss after a challenging trading period
-
NewsEat returns to profitability as Veggie Pret transformation gets underway
Pret a Manger has pledged a transformation of as many Eat stores as possible into Veggie Prets
-
NewsCity Snapshot: CMA threatens £6bn Just Eat merger
The UK Competition and Markets Authority has thrown a spanner into the merger of Just Eat and Takeaway.com by announcing it has opened an investigation into the deal just as it was poised to complete. Plus, trading updates from Marston’s, Carrefour and all the rest of the latest news from the City.
-
NewsMedia Bites 24 Jan: Morrisons, Just Eat, Tesco/Plastic
About 3,000 management jobs are being cut at Wm Morrison as part of a shake-up of its stores that will also involve the hiring of thousands of shopfloor workers
-
NewsCell-based meat company Memphis Meats banks $161m to bring range to consumers
Source: Memphis Meats Memphis Meats plans to use the cash raised to bring its products – including lab-grown duck – to the market US-based lab-grown meat company Memphis Meats has secured a “breakthrough” $161m investment as it looks to launch its products to consumers for the first ...
-
NewsKennelpak profit falls amid one-off costs and rebrand
Private equity-owned wholesale petfood supplier and retailer Kennelpak has reported a drop in profits amid an Environment Agency fine for failing to meet recycling obligations
-
NewsMorrisons to axe 3,000 manager roles in push for frontline staff
Morrisons said around six management positions per store would go, but on average 14 new frontline roles would be created
-
NewsCity snapshot: Hotel Chocolat sales jump 14% on new openings
The UK premium chocolatier has reported double-digit sales rise in the first half, boosted by new openings in the UK, US and Japan
-
NewsMedia Bites 23 Jan: Sainsbury’s/Mike Coupe, Agriculture overhaul, Retail jobs
The news of Sainsbury’s CEO Mike Coupe’s retirement came with little surprise as his job had been on the line since the failed Asda merger last year
-
NewsBritish Honey rescues The London Distillery out of administration
The acquisition was part of British Honey’s “ambitious” growth plans, which will see the two companies ranges joined into one portfolio