Finance news – Page 47
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NewsCity snapshot: Wet weather and strikes deal surprise blow to UK economy
The UK economy contracted more than expected in July as wet weather and industrial action hit retail spending and affected construction activity, according to official figures released this morning.
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NewsCity snapshot: Grocery inflation falls to lowest level for over 12 months
Grocery price inflation has dropped to its lowest level in over 12 months at 12.2% for the four weeks to 3 September 2023, according to the latest data from Kantar
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NewsMedia Bites 12 September: Wilko, supermarket price war, vapes
The latest development in the Wilko administration dominates headlines this morning as hopes for a rescue disappear.
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NewsPlanet Organic store to close after failing to agree lease with Iceland
It is not clear how the closure could affect Renée Elliott’s turnaround plan
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NewsKellogg’s approves separation into two new companies
Kellogg’s has approved the separation of the cereal giant into two new separate companies, with a change of name and a new stock exchange listing
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NewsIceland Foods’ interest-free microloan scheme to be extended
The retailer launched the scheme in conjunction with the chairty Fair For You in August 2022
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NewsMedia Bites 11 September: Morrisons/MFG, business rates, John Lewis/Waitrose
Motor Fuel Group is in talks over a £2bn deal to gobble up Morrisons’ petrol forecourts
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NewsCity snapshot: Profits plunge at palm oil producer MP Evans as prices stabilise
Profits have plummeted by 62% at London-listed palm oil producer MP Evans as record high prices in the wake of the Ukraine war returned to more normal levels.
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NewsPots & Co targets profitability after slashing its losses
Upmarket desserts player Pots & Co is aiming to move into profitability after slashing its losses, growing sales, and expanding in the US
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NewsCity News: WH Smith shares drop despite booming travel sales
WH Smith shares fell sharply this week despite booming travel sales, as a trading update raised concerns over slowing growth and a lack of upgrade in profit guidance
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NewsPlant-based pork brand La Vie unveils ham alternative NPD and crowdfund
The Parisian startup last night announced it would be expanding its range with a new ham-inspired product expected to launch in the UK next year
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NewsTongue in Peat secures £350k investment to take peated Bloody Mary mixer overseas
The funds will help take Tongue In Peat to North America
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NewsCity snapshot: Unilever kicks off final leg of €3bn share buyback programme
Unilever has commenced the fourth and final tranche of its share buyback programme to give back €3bn to shareholders
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NewsMedia Bites 8 September: Aldi, British American Tobacco, Pets at Home
Aldi has revealed an ambitious goal to grow the number of British stores by 50% as shoppers continue to seek bargains
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NewsEquinox Organic adds canning line in £1m investment
It comes as the brand added a range of ambient kombucha products to its offer
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NewsThe Macallan deepens supply-chain links with cooperage partner acquisition
Vasyma has been supplying The Macallan and brand owner Edrington for more than 30 years
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NewsMedia Bites 7 September: Waitrose, WH Smith, Bakkavor
Waitrose’s shop staff are at risk of losing their jobs if they do not agree to work more flexible hours
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NewsButternut Box secures bumper £280m fundraising boost
Petfood subscription service Butternut Box has raised a further £280m as it seeks to solidify its position as Europe’s largest fresh dogfood player
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NewsNew online Fairtrade grocer launches following collapse of Traidcraft
We Are Fair Trade has officially launched this summer
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NewsCity snapshot: WH Smith sales soar on travel rebound
WH Smith has posted a 28% jump in total revenues last year amid a strong rebound of travel sales following the relaxing of Covid restrictions