Finance news – Page 54
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NewsMedia Bites 26 March: the budget, B&Q, consumer confidence
Speculation around Rachel Reeves' spring statement has dominated the headlines this morning
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NewsVirgin Wines to pump £20m into ‘turbocharging’ growth
The company is hoping the strategy will deliver £100m in annual revenue by 2030
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NewsFood business confidence crashes amid fears over taxation and EPR costs
A bombardment of taxation and regulation has led to a drastic fall in food industry business confidence, according to a damning report released by the FDF
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NewsProper and Eat Real owner Warp Snacks rebrands as Proper Snacks
The name change reflected the business’s ambition to ‘lead the European snacking industry’ it said
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NewsAG Barr to scrap Strathmore bottled water brand as part of restructure
The discontinuation could lead to the closure of AG Barr’s manufacturing facility in Forfar
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NewsMP Evans notches record profits amid high palm oil prices
Palm oil prices have proven volatile in recent years and are now on the rise again, the company said
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NewsTHG’s Matt Moulding invests £60m of his own money in latest fundraising push
THG’s Matt Moulding reflected on the ‘crushing burden of responsibility when setting up a business. It’s a lot like parenting’
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NewsCity snapshot: Fever-Tree shares up 5% after profits boost
Fever-Tree’s revenue rose 4% as sales recovered some lost momentum in the second half of the year
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NewsFever-Tree profits rise as sales recover momentum
Its growth in the second half was primarily led by the US, the brand’s biggest market
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NewsMedia Bites 25 March: Morrisons, Co-op, beer prices, supermarket boycott
Morrisons taking the axe to its fresh counters, cafès and convenience stores has been widely covered by the national newspapers
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NewsMorrisons closes fresh counters, stores and cafés, putting 365 jobs at risk
Morrisons cuts hundreds of jobs as cafès, market kitchens, convenience stores, fresh counters, florists and pharmacies close for good
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NewsCity snapshot: Wetherspoons shares trading at two-year low after profit hit
Its share price fell over 9% after it released half-year results, bringing its total fall to over 11% since the start of the year
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NewsCity snapshot: Consumer confidence remains fragile ahead of spring budget
Consumer confidence has made a marginal improvement ahead of next week’s spring budget but there were no signs of any real recovery, according to a closely watched survey out this morning
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NewsMedia Bites 21 March: interest rates, high street taxes and The Vegetarian Butcher
The papers have been focusing on BoE interest rates, UK high street taxes and Unilever’s offloading of The Vegetarian Butcher
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NewsUnilever to sell The Vegetarian Butcher brand to Vivera
Unilever has agreed to sell The Vegetarian Butcher to Vivera for an undisclosed sum
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NewsSomething & Nothing raises £2m more to accelerate US expansion
The brand raised £1.5m three years ago to try and establish its presence in the US
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NewsCranswick raises medium-term profit target amid strong meat demand
Cranswick’s share price hit a record high in September after raising its profit forecast for the year
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NewsReady meal startup Field Doctor fundraises for B2B move
Field Doctor would not reveal the exact size of the investment, which came from Perfect Redd and the South West Investment Fund
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NewsMedia Bites 20 March: interest rates, budget impacts, Ben & Jerry’s
The Bank of England is expected to keep interest rates on hold at a rate of 4.5% when the Monetary Policy Committee makes its announcement today
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NewsFarm shops & delis outline ‘challenging’ climate in new review
Rising costs and falling consumer spending have been flagged as the biggest challenges