Finance news – Page 276
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NewsMeat supplier Cheshire Food rescued out of administration
The Manchester-based meat wholesaler collapsed following a tough trading period which “rendered the company insolvent”
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NewsAG Barr shares plummet 28% after shock profits warning
Irn-Bru maker AG Barr has lost more than a quarter of its value today after issuing a shock profits warning.
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NewsBrits splashing out on fizz as sparkling wine prices surge
The average price per litre of many of the UK’s bestselling sparkling wine brands has risen significantly over the past 12 months
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NewsBidfood acquires Brighton-based wholesaler Elite Fine Foods
Elite delivers to more than 2,500 catering establishments across the UK from its seven multi-temperature sites
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NewsCrowdfunders burnt as Hop Stuff rescued from administration by Molson Coors
London-based craft brewer Hop Stuff has been sold to Carling owner Molson Coors in a pre-pack deal, wiping out £1.5m of crowdfunding investment.
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NewsCity snapshot: AG Barr issues profits warning as poor weather hits sales
Irn-Bru maker AG Barr has warned its full-year profits will fall by up to a fifth after trading has been hit by poor UK weather and pricing increases.
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NewsMedia Bites 16 July: AB InBev, Juul, Farming
AB InBev might have another go at selling shares in its Asian business should a market-lifting breakthrough occur on US-China trade disputes
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NewsM&S opens Simply Food concessions in WH Smith stores
All four of the WH Smith branches are in areas where an M&S has closed as part of a five-year transformation programme ann…
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NewsGousto to expand automation and AI as it secures further £30m cash injection
Meal kit delivery business Gousto has secured further £30m in funding to expand automation and grow its technology team.
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NewsWarburtons plans to shut down Newburn bakery amid challenging market
Warburtons entered redundancy consultations with staff members at its Newburn bakery, Newcastle, amid plans to shut down the facility.
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NewsBulldog Skincare revenues soar but profits fall on marketing spend and NPD
Annual sales at male grooming company Bulldog Skincare jumped but profits were slashed by heavy marketing spend and NPD
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NewsCity snapshot: Retail footfall slumps in June as high street woes continue
Retail footfall slumped in June as poor weather and Brexit uncertainty continued to bash the struggling UK high streets. Plus, new FD for Real Good Food, Sports Direct delays results and all the rest of the latest news from the City.
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NewsMedia Bites 15 July: AB InBev, Retail footfall, Hop Stuff
The largest stock market float of the year has been pulled by Anheuser-Busch InBev after weak investor appetite for the overpriced sale of its Asia-Pacific business.
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NewsRaylex Brands acquires Wow Drinks to grow plant-based portfolio
Raylex said the acquisition would help on its mission to build a plant-based drinks portfolio
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NewsTony Holmes among three directors to leave Bestway in shake-up
Two other directors Edward Smeaton and Carolyn McMenemie have also left the business
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NewsCanadian cannabis giant eyes Europe with Bridge Farm deal
A flower supplier chaired by Morrisons chairman Andy Higginson has been bought by a Canadian cannabis giant as it looks at European expansion.
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NewsTulip records £85m loss as pork price fall and writedowns hit
Tulip has plunged to a pre-tax loss of £85m as low global pork prices and writedowns hit turnaround attempts.
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NewsAppleby Westward sees 10% profit hike as sales increase
The south west-based delivered wholesaler recorded pre-tax profits of £3.1m
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NewsCity snapshot: Tulip’s annual losses rise to £85m
UK pork giant Tulip has plunged to a pre-tax loss of £85m as low global pork prices and writedowns hit turnaround attempts at the Danish Crown-owned business.
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NewsMedia Bites 12 July: Digital tax, Reckitt Benckiser, M&S
Britain is on course for another trade showdown with President Trump after deciding to forge ahead with a special tax on Amazon, Google and other big technology companies