Finance news – Page 253
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NewsBabyfood brand Babease set for rescue as part of pre-pack administration deal
The brand secured a £5.1m investment just four months ago
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NewsGraham’s profits boosted by NPD as liquid milk sector struggles
Graham’s the Family Dairy has reported a ‘solid’ annual performance with profits rising nearly 70%
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NewsAldi bread supplier Geary’s Bakery sells majority stake
Geary’s Bakery is set to ramp up its growth efforts after receiving a major investment by the Unsworth family
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NewsSymonds Retail turnover rises following acquisition by MFG
The business was snapped up by forecourt giant MFG in October for an undisclosed sum
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NewsLidl raises staff pay in £10m investment
The move makes the lowest Lidl pay rate 13% higher than the government-set national living wage
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NewsCity snapshot: Coty takes $600m stake in Kylie Jenner’s cosmetics brands
Consumer beauty giant Coty has taken a majority stake in the beauty business of celebrity Kylie Jenner for $600m. Plus all the rest of the latest news from the City.
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NewsMedia Bites 19 Nov: Business rates, Coty, Jamie Oliver
Boris Johnson’s pledge of a fundamental review of business rates has been greeted with scepticism, with industry leaders fearing that it will “go over old ground”.
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![Mighty Pea Range[1]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/8/6/7/173867_mightypearange1_366979_crop.jpg)
NewsPea-based milk producer Mighty Pea smashes crowdfunding campaign
The company, which makes a dairy-free alternative to milk from yellow split peas, has so far raised £327k on Seedrs
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NewsAlbert Bartlett ventures into children’s ready meals with Kiddyum investment
Albert Bartlett has acquired a 40% stake in frozen children’s food supplier Kiddyum for an undisclosed amount
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NewsPoundland shifts aim to top-up grocery missions
Mat Ankers said new price points had allowed Poundland to introduce enough new lines to cater for the “top-up convenience” mission
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NewsCity snapshot: Top UK restaurant groups sink deep into the red
The biggest 100 UK restaurant groups have seen profits drop in the past 12 months as they suffered from higher overheads and plunging sales
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NewsMedia Bites 18 Nov: Cashless payments, Brexit, Business rates
People in the UK “tapped to pay” in more than 726m contactless transactions in August, underlining the continued boom in cashless payments.
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NewsPremier Foods surges on evidence of sustained branded growth
Premier Foods shares jumped to a four-month high this week as its efforts to achieve sustainable growth appear to finally be paying off.
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NewsPrivate equity investment in food and drink remains ‘robust’ amid consolidation trend
Private equity investment in the UK food and drink sector has rebounded as experienced investors look to consolidate in the sector.
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NewsKitwave Wholesale snaps up Alpine Fine Foods
Hull-headquartered Alpine has a turnover of around £13m
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NewsCapri-Sun owner HP Wild grows stake in Oppo
The owners of Capri-Sun have invested a further £1.5m in low-sugar ice cream brand Oppo as it looks to grow the brand internationally.
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NewsKers plays down Singh rift rumours as 2 Sisters profits rise
Kers insisted the pair work ‘closely together’ leveraging each other’s strengths
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NewsCity snapshot: Fuller’s warns of impact of brewing business sale to Asahi
Costs associated with the £250m sale of Fuller’s brewing business to Asahi will impact the former brewer’s profits
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NewsMedia Bites 15 Nov: Walmart/Asda, Retail Sales, PureCircle
US supermarket chain Walmart upped its annual profits forecast on the back of higher quarterly sales, while it claimed Asda’s performance was held back by Brexit uncertainty
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NewsThe Saucy Affair slashes fundraising target as it relaunches crowdfunding campaign
The company was originally looking to raise £350k, but has reduced its target to £150k