Finance news – Page 285
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NewsThe Lakes Distillery nets £1.6m investment
Fast-growing English whisky producer The Lakes Distillery has secured a further seven-figure investment to help fund its journey towards an eventual IPO.
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NewsRubies in the Rubble eyes £1.2m funding boost
Food waste sauce maker Rubies in the Rubble has surged past its £300k crowdfunding target as part of a wider seven-figure investment hunt.
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NewsTesco shares drop despite market share outperformance
Tesco may have been the big four winner from the monthly grocery market share data this week, but it was a loser as far as the City was concerned.
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NewsLRS maintains profits despite soft drinks levy and dip in sales
LRS has posted a drop in sales of £5.9m but its pre-tax profits edged up regardless
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NewsFull-sugar energy drink sales unaffected by soft drinks tax
Brits knocked back 124.6 million litres of sugary energy drinks in the past year
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NewsCity snapshot: UK consumer confidence edges up in May
UK consumer confidence rebounded in Many according to GfK’s consumer confidence Index, but confidence in the country’s overall UK economic situation remains significantly lower year-on-year.
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NewsMedia Bites 31 May: Premier Foods, Chapel Down, Majestic Wine
Premier Foods’ chairman is stepping down from his post after just two years, leaving the Mr Kipling maker half way through a strategic review and without a permanent chief executive.
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NewsExporters pledge to pay for China inspection after Defra refuses
The UK is typically expected to cover the costs of Chinese inspections
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NewsBeavertown off-trade sales surge 500% after Heineken sale
The surge had been largely driven by the popularity of its session IPA
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NewsReal Good Food fined £450k for ‘misleading’ stock exchange trading updates
Real Good Food has been fined £450k by the London Stock Exchange and publicly censured for breaking of AIM rules concerning ‘misleading’ trading updates in July 2017.
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NewsMedia Bites 30 May: Grocery market share, Ocado, M&S
None of the UK’s “big four” supermarkets managed to grow their sales in the last 12 weeks, the first time in almost three years that they have all failed to do so.
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NewsPep&Co clothing drives soaring revenue growth at Poundland
Store numbers rose by 0.5% from 871 to 875, with 20 opened and 16 closed as Poundland continued to ‘rationalise its portfolio’
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NewsCall for meat tax 'too simplistic', food experts warn
The proposal would be ’too blunt a policy tool’, and needed a more nuanced approach, according to an event convened by the Food Ethics Council
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NewsCooler spring weather hampers grocery sales growth
The latest grocery market share figures show supermarket sales growth has slumped in recent weeks to due the cooler temperatures compared to last year’s sunny spring weather.
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NewsMedia Bites 29 May: Beyond Meat, WH Smith, Boots
Shares in Beyond Meat surged 9% to $86.67 on Tuesday after the group said it planned to produce its plant-based meat alternative in Europe for the first time.
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NewsBeyond Meat to start European production next year
The Beyond Burger owner will start manufacturing at a new vegan factory in the Netherlands next spring
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NewsCo-op extends online shopping to new areas
The Co-op is currently involved in four trials that could lead to a wider online rollout
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NewsCo-op raises £300m in Fairtrade bond first
The Co-operative Group has become the first retailer in the UK to issue a Fairtrade bond as it announced the raising of £300m to fuel growth.
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NewsMedia Bites 28 May: Premier Foods, Majestic Wine, The Co-op
Premier Foods is looking to offload Mr Kipling in a move that could pave the way for a break-up, according to weekend reports.
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NewsQuorn's profits dip as it steps up investment in growth
Veggie foods specialist Quorn grew sales by 7% last year, though profits fell back as it continues to invest in expansion of its meat-free ranges.