Finance news – Page 52
-
NewsChallenger brands owed upwards of £100k by Asda third-party distributor Blue Ocean
Third-party distributor Blue Ocean owes a number of challenger brands upwards of £100k for products supplied to Asda since the collapse of Tree of Life
-
NewsSpirits startup Goldling secures seed funding to back retail push
The organic canned spirit startup has secured £300k in a seed funding round as it aims to get its drinks into the mults
-
NewsLakes Free Range Egg Co’s profits triple to £1.4m
The major egg packer saw gross profits rise from £3m to £3.7m, with operating profit trebling from £429k to £1.4m
-
NewsLoveSeitan throws in the towel as shoppers renounce seitan
LoveSeitan, which supplied plant-based products to the likes of Tesco, Sainsbury’s and Aldi, has ceased trading after slower-than-expected take-up of seitan as a meat alternative
-
NewsRamsden International returns to profitability despite Brexit disruption
Ramsden International has bounced back to the black despite another challenging year
-
NewsMedia Bites 9 August: Wilko, Beyond Meat, UK economy
A specialist investor in struggling retailers is exploring a bid to rescue Wilko
-
NewsCoca-Cola HBC lifts growth prospects after better-than-expected first half
Drinks bottler Coca-Cola HBC has hailed a “very good” first-half performance as volumes proved resilient despite higher prices.
-
NewsBeyond Meat shares hammered as sales plummet in Q2
Beyond Meat cut losses in the second quarter thanks to lower costs following mass redundancies made in 2022
-
NewsCity snapshot: Wet weather dampens UK retail demand
UK retail sales growth fell back in July as damp weather and persistent inflation hit shopper activity, according to the monthly BRC-KPMG retail sales monitor
-
NewsSerious Sweets acquires free-from confectionery brand Lexi’s
The acquisitive confectionery group has added a healthier brand to its portfolio with the takeover of mallow and protein bar brand Lexi’s
-
NewsMedia Bites 8 August: Food prices, retail sales, Beyond Meat
It’s a quiet morning for fmcg news in the papers, with stories on food inflation and faltering retail sales.
-
NewsParfetts sales hit record £634m in latest financial year
The wholesaler said the results had come after a year of investment into protecting retailer margins through an expanded promotional programme
-
NewsMeadow acquires sweet sauce maker Naked Foods
CEO Raj Tugnait said the purchase of Naked Foods was “a natural extension of what we already do”.
-
NewsMedia Bites 7 August: Wilko, Haleon, Greggs
Buyers circling Wilko face having to invest up to £70m into the ailing discount chain as part of any rescue deal
-
NewsCity snapshot: Carr’s CEO Peter Page steps down
Agriculture and engineering group Carr’s has kicked off a search for a new CEO after Peter Page decided to step down from the helm next year.
-
NewsBrew By Numbers unsecured creditors ‘not expected’ to see £1m owed
Unsecured creditors owed more than £1m by Brew By Numbers are unlikely to receive any of the money overdue to them from the insolvent south London brewery
-
NewsMeatless Farm back on sale in Asda following VFC takeover
The plant-based brand’s core products, including mince, chicken breasts and quarter pounder burgers, have returned to Asda stores this week
-
NewsCity snapshot: July retail sales rebound despite wet weather
July saw small increase in sales, according to data from accountancy firm BDO, but slowed in the second half of the month by wet weather
-
NewsMedia Bites 4 August: Wilko, M&S, AB InBev, interest rates, Amazon
Fears over the future of Wilko and its 12,000 employees dominate the headlines this morning.
-
NewsWilko poised to call in administrators, with 12,000 jobs potentially at risk
Wilko CEO Mark Jackson said the business had so far failed to secure an offer that would save it from running out of cash