Finance news – Page 34
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NewsCity snapshot: Food inflation falls to lowest since May 2022
Food price inflation has fallen for the eighth month in a row, helping the UK headline rate to slow by more than expected, according to official data this morning.
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NewsMyco appoints former VBites MD David Wood as new CEO
David Wood will take charge as the Darlington-based business ramps up production of its plant-based sustainable meat alternative at a purpose-built site in North Yorkshire
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NewsCity snapshot: ADM expands into dairy with Revela Foods deal
Global food processing and commodities giant ADM has acquired Revela Foods to expand its capabilities into the dairy category.
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NewsMedia Bites 19 December: Unilever, Tata, fuel prices
The latest sell-off at Unilever is the main fmcg news in this morning’s papers.
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NewsHackney Gelato nets £1.3m funding boost to fuel global growth
The premium UK ice cream brand has secured a £1.3m investment to scale up production to meet surging global demand for upmarket gelato
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NewsCity snapshot: Unilever sells Elida Beauty brands to US private equity firm
Unilever has agreed to sell its Elida Beauty business to US private equity player Yellow Wood Partners
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NewsMedia Bites 18 December: Morrisons, Farming, UK retail
The new boss of Morrisons, the troubled supermarket chain, has laid down the gauntlet to staff
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NewsLDC exits Cakesmiths as European bakery steps in
Handmade cakes supplier Cakesmiths has been acquired by European frozen pastries group Onore, providing private equity backer LDC with an exit
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NewsCity News: Pepco Group posts ‘record’ revenues but profits take a hit
European discount retail group and Poundland owner Pepco Group posted “record” revenues last year, but shares have fallen back on a sharp drop in profitability and a slowing of sales
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NewsPeriod pad pioneer Planera smashes £600k fundraising target
The maker of UK’s first fully certified flushable sanitary pad has raised over £730k to increase production and ready the brand for a retail launch
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NewsChristmas deadline set to find buyer for collapsed VBites
Administrators are racing to find a new buyer for Heather Mills’ vegan brand VBites before a Christmas deadline following its collapse into administration
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NewsCity snapshot: Consumer confidence edges upwards ahead of Christmas
Consumer confidence rose again in December as lowering inflation underpins more confidence in the UK’s economic prospects for 2024
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NewsWillicroft raising funds to launch fermented plant-based butter
Dutch vegan cheese maker Willicroft is aiming to raise €350k from the crowd
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NewsMedia Bites 15 December: interest rates, Christmas dinner, Campari
The Bank of England kept rates steady at 5.25% on Thursday as governor Andrew Bailey warned there was “still some way to go” before inflation hit its target.
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NewsCity Snapshot: SSP Group increases global footprint with Canada acquisition
SSP Group has announced a further expansion in its geographic reach with a deal to acquire a Canadian food airport operator and will also open further units in Saudi Arabia
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NewsMedia Bites 14 December: Apprentice levy, Berry Bros, Diageo
Britain’s biggest supermarkets, including Tesco, Asda and Morrisons, are calling on the government to reform the apprenticeship levy to address “critical and persistent” labour shortages.
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NewsDeliciously Ella buys Milton Keynes factory out of administration
The 15,000 sq ft site, formerly owned by Green Way Foods, has been one of the brand’s core suppliers since it launched in 2016
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NewsBoots owner explores potential London IPO
The US owner of Boots is once again exploring options to sell off the UK pharmacy chain, including the possibility of a flotation on the London Stock Exchange
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NewsBacardi adds Teeling Whiskey to UK portfolio after upping ownership stake
The Patrón Tequila owner will take on distribution of Teeling in markets including the UK, the Netherlands, Germany and Austria
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NewsCity snapshot: Distribution group NWF sees first half slowdown as commodity prices ease
Food, feed and fuel specialist distributor NWF Group is on target to hit full year expectations despite a “more challenging” first half as pricing eased