Finance news – Page 440
-
NewsMedia Bites 8 March: Kantar/Nielsen , inflation, Aldi/Lidl, Budgens, Laurie McIlwee, food waste
The latest Kantar and Nielsen data showing inflation starting to bite and the discounters grabbing record share gets plenty of attention in the papers.
-
NewsCity snapshot: Stock Spirits in 'much stronger' position after turbulent year
Sales and underlying profits declined at UK-headquartered Stock Spirits Group during a turbulent year for the drinks business, but the new CEO said it was now in a ”much stronger position”. Plus, John Menzies publishes annual results.
-
NewsVIP e-cig maker Must Have Limited put up for sale
Electronic vaping and e-cig company Must Have Limited, trading as VIP, has been put up for sale by administrators after failing to settle a multimillion-pound tax bill.
-
NewsGrocery deflation hits annual sales at Yeo Valley
Annual sales at UK dairy firm Yeo Valley have fallen back for the first time in six years as industry deflation hit shelf prices.
-
NewsUS Customs investigation drives PureCircle to first half loss
PureCircle has slumped to a first half loss amid a double-digit sales plunge after it was denied access to the US market during an investigation by US Customs & Border Protection last year.
-
NewsBarking Heads owner Pet Food UK secures £5m backing from PE firm Piper
Barking Heads and Meowing Heads owner is the latest business in the fast-growing premium petcare sector to receive a private equity cash injection as Piper takes a minority stake.
-
NewsMarine Harvest gets green light for Isle of Skye feed plant
Norwegian fishing giant to start work on £93m new plant later this month
-
NewsLindt & Sprüngli’s global sales rise by 6.8%
Swiss chocolatier Lindt & Sprüngli has grown global sales by 6.8% to CHF3.9bn (£3.15bn) amid stronger sales in Europe and the UK.
-
NewsMedia Bites 7 March: Seabrook Crisps, BRC, business rates, Tesco
The Times carries the story revealed by The Grocer yesterday that Seabrook Crisps has appointed Houlihan Lokey to help it expand abroad.
-
NewsCity snapshot: £1 in every £8 spent on groceries goes to Aldi and Lidl as inflation bites
Discounters Aldi and Lidl have grabbed a record share of the grocery market, accounting for more than 12% of supermarket sales in the UK for the first time, Nielsen revealed this morning
-
NewsFood and drink business confidence slumps ahead of Budget
41% of businesses were less confident about the UK’s business environment than in October last year…
-
NewsSeabrook Crisps appoints Houlihan Lokey to explore overseas acquisitions
Seabrook Crisps has appointed corporate advisors to explore strategic options, including overseas acquisitions, The Grocer can reveal.
-
NewsMedina Dairy to invest £3.5m in Watson's site upgrade
Milk processor will safeguard 95 jobs and create 25 new positions as a result of investment
-
NewsDiscounter growth set to plateau as new stores cannibalise sales
The latest Colliers International/MSCI UK supermarket investment report claims Aldi will be hit most
-
NewsGrenade snapped up by Lion Capital in £72m deal
Sports nutrition business Grenade has been acquired by private equity firm Lion Capital in a deal worth £72m.
-
NewsPrinces appoints new MD as Easterbrook retires after 35 years at the business
Princes has appointed a new MD to take over from Mike Easterbrook, who is retiring after more than 40 years in the food industry.
-
NewsAuthentic Food Co sales hit record levels after heavy investment
Sales have soared 50% to close to £74m at ready meals producer The Authentic Food Company as it invested heavily in the Irish frozen factory acquired from Heinz in 2015.
-
NewsMiso Tasty seeks £150k to launch new ramen noodle kits
Japanese snack brand Miso Tasty is raising £150k in a crowdfunding campaign to support the launch of a new line of ramen noodle kits in 300 Waitrose stores.
-
NewsCity snapshot: Devro profits sizzle despite volumes fall
Sausage casings manufacturer Devro has reported a double-digit rise in underlying annual profit despite sharply falling volumes
-
NewsMedia Bites 6 March: John Lewis, Morrisons, Premier Foods
The owner of John Lewis and Waitrose is poised to cut the annual bonus it pays staff to the lowest level since the 1950s due to the pressure on retailers.