Finance news – Page 28
-
NewsHisbe founders ‘hurting and exhausted’ as ethical grocer enters liquidation
The liquidation would leave ‘many’ suppliers with unpaid invoices, Hisbe said
-
NewsEasing inflation helps supermarket volumes in January
Food sales at the supermarkets have grown faster than inflation in January as shopper behaviour normalises amid reducing cost pressures, according to new data published this morning
-
NewsCity snapshot: Retail sales growth slows as cost of living weighs on consumers
UK retail sales growth slowed in January despite easing inflation as continued weak consumer demand led to ‘lacklustre’ sector performance
-
NewsMedia Bites 6 February: McDonald’s, junk food, Asda
The business sections focus on McDonald’s reporting its first quarterly sales miss in nearly four years
-
NewsCompleat Food Group acquires SK Foods and Zorba Foods
The two businesses specialise in private-label chilled party foods, dips and deli fillings, and have a combined turnover of more than £160m, with in excess of 1,150 employees
-
NewsKraft Heinz plans green hydrogen plant for Wigan factory
The £40m scheme is forecasted to enter operation in 2026
-
NewsMedia Bites 5 February: Issa brothers/Asda, Morrisons, Diageo
One of the billionaire Issa brothers is reportedly attempting to offload his stake in the debt-laden supermarket Asda
-
NewsCity snapshot: Naked Wines appoints Rodrigo Maza as CEO designate
Naked Wines has promoted its new UK managing director to group CEO to work alongside executive chairman Rowan Gormley as the DTC wine retailer attempts to turn around its fortunes
-
NewsCity News: Diageo’s woes continue as Latin America sales plunge
Diageo’s woes across the Atlantic continued this week, as second-half results were hit by a plunge in sales in Latin America and a continued slowdown in North America
-
NewsAccolade Wines taken over by Bain-led consortium
The deal brings an end to five years of ownership by US-based investment group Carlyle
-
NewsCity snapshot: Retail footfall slides again in January
Total UK footfall decreased by 2.8% in January, according to the latest data from the BRC-Sensormatic IQ Footfall Monitor
-
NewsMedia Bites 2 February: Amazon, Brexit, AG Barr
The world’s largest retailer comfortably beat fourth-quarter sales forecasts last night, attracting robust growth in online spending by consumers during the holiday season
-
NewsBakkavor Group to recruit record intake of 86 apprentices in 2024
The roles span a wide range of specialist areas, including food technology, health & safety and business administration
-
NewsNirvana launches £600k crowd campaign amid low & no demand
Low & no brewer Nirvana is rolling out a crowdfunding campaign as it looks to capitalise on the growing demand in the sector following a successful Dry January
-
NewsPlanet A closes £12m fundraising to bring cocoa-free chocolate to the UK
Food tech startup Planet A Foods has secured $15.4m (£12.2m) to power the expansion of its sustainable cocoa-free chocolate into the UK and other international markets
-
NewsCity snapshot: Former Co-op boss Euan Sutherland named AG Barr CEO
AG Barr has announced that the former chief of Co-op, Saga and Superdry Euan Sutherland will become its new CEO
-
NewsMedia Bites 1 February: Morrisons, Gillette
Morrisons continues to make headlines in the business pages as its new boss, Rami Baitiéh, faces the media for the first time
-
NewsMedia Bites 31 January: Morrisons, Diageo, John Lewis
Morrisons has agreed to sell its petrol forecourts to Motor Fuel Group for £2.5bn in return for a 20% stake in the service stations operator
-
NewsCity snapshot: Gusbourne narrows losses despite challenging second half
English sparkling wine producer Gusbourne has narrowed underlying losses as it cut costs and continued to grow sales.
-
NewsDeliveroo shares fall as Delivery Hero plans to sell off stake
Delivery Hero is selling its stake in rival food delivery group Deliveroo for more than £70m