Finance news – Page 349
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NewsThe Tofoo Co to scale up production with six-figure funding package
North Yorkshire tofu producer The Tofoo Co is to scale up its production and create 13 new jobs after securing a six-figure funding package.
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NewsOne in five Brits not using paid-for delivery subscriptions
According to Whistl 61.4% of 1,000 people surveyed were signed up to Amazon Prime
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NewsCity Snapshot: Premier Foods annual growth surges to 3.6%
Premier Foods heralded its “strongest annual performance in five years” after sales grew 3.6%, driven by double figure growth in international and non-branded sales. Plus, Patisserie Valerie, saw revenues climb 9.1% in its first half and all the rest of the latest news from the City.
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NewsMedia Bites 15 May: Countrywide, David Potts, Sainsbury's
The CMA’s decision to block Mole Valley Farmers’ acquisition of struggling agricultural stores chain Countrywide has seen the latter go bust.
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NewsCotswolds Distillery raises £2.2m from crowd for promotion, distribution and site investment
The Cotswolds Distillery is overfunding after smashing its £2m crowdfunding target to boost its advertising and promotion, increase its distribution network and pay for the building of a new visitor centre.
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NewsHim research shows c-stores are losing out in food-to-go
The percentage of convenience store shopping trips including the food-to-go mission has plummeted from 20% to 13%
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NewsBrits face post-Brexit surge in cost of cod, warns Rabobank
Free-trade deal with EU vital to avoid price rise and disruption to British seafood industry, its latest report said
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NewsLousada departs Matthew Clark & Bibendum after C&C buyout
Lousada was commercial director of the drinks wholesaler, which was bought by C&C last month after previous owner Conviviality went into administration.
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NewsDamp weather slashes retail footfall in April
Retail footfall in April plunged by 3.3% year-on-year as the wet start to the month hit shopper numbers across the country, leading to the worst two-month figures since the depth of the recession in 2009.
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NewsMedia Bites: Poundworld, Walmart, Amazon, Waitrose
The US private equity owner of Poundworld has put the chain up for sale as TPG has hired accountancy firm Deloitte to find a buyer by the end of the month.
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NewsSimano Foods rescued from administration
Simano hired administrators after suffering “unforeseen losses” on a number of major contracts over the past year…
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NewsSainsbury's-Asda deal could bolster property market
Supermarket Income REIT said the deal would act alongside a reinvigorated Tesco to boost interest among big investors
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NewsCity News: Morrisons continues stellar recovery
Morrisons may be at risk of becoming the odd one out as the big four morphs into an effective duopoly, but the Bradford-based grocer continued its stellar recovery this week, suggesting it remains more than equipped to succeed on its own.
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NewsShort sellers cut losses after Sainsbury's/Asda tie-up
Publicly disclosed information by the FCA showed a total of 11.2% of Sainsbury’s shares were on loan before the announceme…
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NewsFood and drink deals down despite 'good M&A environment'
Levels of UK food and drink dealmaking slumped to their lowest since 2014 in the first quarter, but the environment remains conducive for more M&A in the sector, according to a Grant Thornton report.
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NewsEast London Liquor and Cotswolds smash crowdfunding targets
Two craft gin and whisky distilleries have exceeded their seven-figure crowdfunding targets to scale up and tap the UK’s growing thirst for craft spirits
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NewsCity snapshot: Former Asda meat exec to take charge at Crawshaw
Butchery group Crawshaw has announced the appointment of former Asda meat executive Jim Viggars as CEO. Plus Heineken acquires a minority stake in the Belize Brewing Company, Nomad Foods reported first-quarter adjusted EBITDA up 16% and all the rest of the latest news from the City.
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NewsMedia Bites 11 May: Amazon/Morrisons, High streets, Walmart
Amazon could buy Morrisons, which already provides the online giant with food deliveries to UK customers using its Panty and Prime services, according to one industry analyst.
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NewsTesco CEO Dave Lewis’ pay up 17.5% to £4.9m
The annual pay packet of Tesco CEO Dave Lewis rose 17.5% last year to £4.9m as the award of shares worth £971k boosted his earnings.
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NewsCity snapshot: Morrisons trumpets ‘strong start’ to the year
Morrisons (MRW) has heralded “a strong start to the year” during which it became more competitive while delivering like-for-like sales of 3.6%. Plus, Tesco releases annual report, Coca-Cola HBC posts 4.5% first quarter organic growth and all the rest of the latest news from the City.