Finance news – Page 452
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NewsIce Kitchen wins £150,000 investment for adult lollies
Outlay was from the Jamin chain of candy stores in the Netherlands
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NewsMajestic Wine celebrates best ever Christmas
Majestic Wine has reported a bumper Christmas for its retail stores, with like-for-like sales jumping 7.5% – its best ever festive performance.
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NewsSuppliers under more pressure despite recovery at supermarkets
The recovery of the supermarkets has piled increasing pressure on the supply chain, with almost 6,000 food suppliers experiencing increased levels of financial distress, according to recovery firm Begbies Traynor.
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NewsMedia Bites 10 January: Aldi, Tesco, Mars, McDonald's
A Christmas update from Aldi was under the spotlight in this morning’s papers, along with Tesco’s restructuring plans, a Mars veterinary deal and McDonald’s exiting China.
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NewsCity snapshot: Morrisons sales grow at fastest pace for seven years
Morrisons has upgraded full-year profit expectations after recording its strongest performance for seven years
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NewsTesco to axe two distribution centres
The closure of Welham Green and Chesterfield will result in a more efficient network claims retailer
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NewsHigh Noon Stores goes into administration after stores close
The Grocer understands that customers were experiencing issues with fuel shortages at several sites late last year
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NewsPoundworld slips to a loss as it invests in growth
Poundworld has fallen into the red despite sales growing another £40m last year as new private equity owner TPG Capital invested in future growth.
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NewsRecord year for Direct Food Ingredients
Direct Food Ingredients has increased sales 29% to a record £17.6m in 2016 thanks to the expansion of its client business and the introduction of new product ranges.
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NewsAldi reports record sales over Christmas
The discounter attributes a 15% year-on-year uplift to strong demand for premium products
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NewsTurkey's Bebeto acquires Dexters Confectionery
Bebeto aims to become one of the top five confectionery brands in the UK by 2020
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NewsCollins Seafoods margins squeezed by rising fish prices
Supplier warns seafood prices will increase this year as a result of the weak pound
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NewsCity snapshot: Consumer spending growth slows over Christmas
Consumer spending rose by 2.6% year-on-year in the festive period, though this represents a slowdown from a strong November according to Visa
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NewsMedia Bites 9 Jan: Christmas trading forecasts, Bernard Matthews, Online shopping
Tesco and Morrisons are expected to produce robust Christmas trading performances this week.
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NewsLivestock price deflation takes £40m chunk from Dunbia sales
Turnover for the year to 27 March 2016 slid 4.7% to £787.5m
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NewsRowse Honey sees £17m wiped from turnover
The Valeo Foods-owned business suffered a 15% fall in sales but profits rose 52%
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NewsNFT Distribution looks to future growth after reporting loss
Food logistics group NFT Distribution has fallen into the red during a challenging year for its grocery customers but the group said it was “well-placed” for future sustained profitable growth.
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NewsPaynes Dairies revenues hit by falling milk price
The fall in turnover from £85.6m to £68m reflected the decline in the cost of milk
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NewsMeantime Brewery sales and profits fizz on craft beer boom
Increased sales in supermarkets of Meantime brands contributed to the £10m jump in revenues to £26.5m in the 15 months to 31 March 2016.