Finance news – Page 26
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NewsCity snapshot: Artisanal Spirits Company on track as membership soars
Scottish whisky business Artisanal Spirits Company has reported its revenues for 2023 to be at the top end of its expectations as membership numbers increased significantly
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NewsMedia Bites 19 February: Morrisons, retail sales, Asda
The boss of Morrisons has stepped up the supermarket’s price war with Aldi and Lidl to win back customers
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NewsCity News: Heineken flounders as beer volumes fall globally
Heineken issued a sobering forecast for 2024 this week as it struggles against falling beer volumes and double-digit price increases
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NewsCity snapshot: UK retail sales bounce back as food stores return to growth
Retail sales volumes bounced back into stronger than expected growth in January following record falls in December, boosted by a recovery in food sales volumes
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NewsMedia Bites 16 February: The Body Shop, Discounters, Pernod Ricard
The Body Shop staff fear company will be broken up, risking 2,200 jobs
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NewsFirst Milk snaps up Dorset-based supplier BV Dairy
BV posted sales of just under £60m last year, with operating profits of £3.3m
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NewsThis preps crowdfunding campaign ahead of move to profitability
This is returning to the crowd for the final time ahead of a major funding round planned for later this year as it seeks to continuing supercharging growth and move into profitability
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NewsCity snapshot: Kerry Group sales fall after ‘challenging’ 2023
Irish dairy and nutrition producer Kerry Group has posted an 8.6% drop in sales as disposals and challenging conditions for its dairy business hit headline revenues
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NewsMedia Bites 15 February: Heineken, Kraft Heinz, Coca-Cola HBC
Annual results at Heineken, Kraft Heinz and Coca-Cola HBC make headlines this morning
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NewsKraft Heinz net sales slow in fourth quarter as sales volumes drop
Kraft Heinz saw net sales decline in the final quarter of the year as a drop in sales volumes outstripped price rises in the period
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NewsSpacegoods secures £2.5m to supercharge functional mushrooms and nootropics blends
Wellness startup Spacegoods has closed a £2.5m seed round to accelerate growth of its functional mushrooms and nootropics range
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NewsThe Uncommon raises £1.2m to meet growing demand for English canned wine
Canned wine challenger The Uncommon has secured £1.2m in its biggest funding round to date to help it scale production to meet growing demand in the mults
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NewsMedia Bites 14 February: Shop worker violence, The Body Shop, Waitrose
Retail industry bosses have warned of a spiralling crisis on shop floors after violence and abuse of workers surged by 50%
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NewsCoca-Cola boosted by high prices but volumes come under pressure
Coca-Cola has beaten market expectations as higher prices continued to help the drinks giant to boost revenues. However, volumes declined in its domestic North American market in 2023
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NewsCity snapshot: Food prices fall for first time in more than two years
Food prices have fallen for the first time in more than two years as inflation in the sector continued to ease. Plus, full-year results from Heineken and Coca-Cola HBC
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NewsThe Body Shop’s UK arm placed into administration
The private equity owner of The Body Shop has placed the UK chain into administration just three months after buying it
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NewsNaked Wines cashes in Majestic Wine £12m loan to fuel turnaround
The online wine retailer agreed the early redemption of the loan note with CF Bacchus HoldCo for a discounted price of £9.1m
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NewsCity snapshot: Ultimate Products sales dip as air fryer craze dissipates
Homeware and household brands owner Ultimate Products has seen a fall in sales in its first half of its financial year as it laps “exceptionally strong demand” for air fryers last year
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NewsMedia Bites 13 February: Tea shortages, The Body Shop, M&S
Shoppers have been warned there is a “nationwide” shortage of black tea linked to Houthi attacks on ships in the Red Sea
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NewsLA Brewery seeking £1m from crowd to meet low & no demand
Kombucha maker LA Brewery is launching a £1m crowdfunding campaign amid fizzing consumer demand for alcohol-free alternatives