Finance news – Page 53
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NewsCity snapshot: Bud Light boycott hits AB InBev’s US sales
The world’s largest brewer suffered a sharp sales drop in the US amid political controversy over a Bud Light marketing campaign, to reduce overall sales volumes in its second quarter
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NewsMedia Bites 3 August: Brexit, Asda, Co-op Food, Coca-Cola Europacific Partners
Plenty of fmcg news in this morning’s papers, including further delays to post-Brexit border controls, Asda publishing local fuel prices, shoplifters running riot, a Coca-Cola Europacific Partner deal and results from Haleon.
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NewsXOXO gut health soda startup secures £1.5m to bolster growth
Prebiotic soda startup XOXO has secured £1.5m to support the business’s rapid growth
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NewsAmino Drinks lands £300k funding for sports performance brand
Performance drinks startup Amino has secured £300k from the East of England Regional Loan Scheme to support its growth
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NewsABP acquisition of Scotbeef meat plants to face CMA probe
The Irish red meat giant announced the aquisition in mid-June
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NewsDiageo GB chief: High tequila prices a barrier to growth in grocery
Neither of Diageo’s major tequila propositions – Don Julio and Casamigos – made The Grocer’s Britain’s Biggest Alcohol Brands report
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NewsGreggs begins supply chain overhaul as it targets more new stores
Greggs posted strong half year results after seeing an increase in evening sales
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NewsMedia Bites 2 August: Alcohol duty/Diageo, Greggs, AG Barr
The world’s biggest spirits group has branded the government’s new alcohol duty regime as a stealth tax that will push up prices for consumers
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NewsCity snapshot: CCEP proposes $1.8bn acquisition of Coca-Cola Beverages Philippines
Coca-Cola Europacific Partners is in advanced talks to buy the Philippino Coke bottler from the Coca-Cola Company in a deal that could be worth $1.8bn. Plus, first-half results from Haleon and Kerry Group.
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NewsMeatless Farm European losses totalled €20m, new bankruptcy report reveals
Meatless Farm racked up losses of almost €20m (£17.1m) in just more than three years of operating in Europe, a new bankruptcy report in the Netherlands has revealed
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NewsKerry Group acquires Shanghai Greatang Orchard Food Co
Kerry Group has announced the acquisition of 100% of China-based foodservice player Shanghai Greatang Orchard Food Co
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NewsThe Cheeky Panda completes senior team with new hires
The Cheeky Panda has hired two new executives to complete its senior management team and ready the sustainable hygiene challenger for the next stage of growth.
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News2 Sisters firmly in the red amid supply chain woes
Turnover improvements were largely driven by inflation, said the business, which warned inflationary pressures had continued into 2023
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NewsAG Barr CEO Roger White announces his retirement
White will step down next year after 20 years at the helm of the Irn-Bru maker
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NewsCity snapshot: Diageo posts double-digit annual growth on strong pricing
Spirits giant Diageo has posted net sales growth of 10.7% driven by price rises and premiumisation, which mitigated a drop in sales volumes. Plus sales jump at Greggs, AG Barr CEO to step down, food inflation falls and all the rest of the news from the City
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NewsMedia Bites 1 August: Shop prices, Heineken, vaping
UK shop prices dipped month on month in July for the first time in two years, according to industry data published this morning.
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NewsFamily optimism at highest level in two years, according to M&S quarterly survey
Almost half (45%) said they felt optimistic about their family’s prospects for the next three months
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NewsDeposit return scheme body’s huge debts revealed
According to Companies House figures, Circularity Scotland Limited had racked up debts of £86.2m when it entered administration last month
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NewsMedia Bites 31 July: Sainsbury’s, British American Tobacco, Unilever
The boss of Sainsbury’s has called for people working on farms and in factories to be added to the official shortage occupation list
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NewsCity snapshot: Heineken cuts profit expectations as drinkers balk at higher prices
Heineken has lowered profit forecasts for the year after a weaker-than-expected first-half performance as higher prices put off drinkers.