Finance news – Page 57
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NewsOatly ready for next phase of growth as it appoints new CFO
Oatly has appointed Marie-Jose David as chief financial officer, marking a complete change in the leadership team of the plant-based group
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NewsMedia Bites 10 July: M&S/Ocado, Iceland, Sainsbury’s
M&S looks to refresh its ailing Ocado deal, with an Ocado Retail “reset” under way
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NewsCity snapshot: Wilko in talks to secure turnaround investment
Struggling discounter Wilko is seeking fresh capital from turnaround investors as it continues to work on a restructuring agreement.
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NewsCity News: Tepid market reaction despite Sainsbury’s strong Q1 results
Sainsbury’s posted stronger than expected Q1 sales this week as grocery sales returned to volume growth, but the share price reaction was tepid due to fears of a slowdown
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NewsFuel10K sales soar as range expands
High-protein breakfast brand Fuel10K has posted huge growth to hit annual sales of £18.5m.
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NewsNaked Wines shares crash as it warns of revenues shortfall
Naked Wines shares crashed this week after a delay to its annual results, a warning on sales and the replacement of its chairman with founder Rowan Gormley
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NewsCity snapshot: Coca-Cola HBC upgrades earnings forecast on strong start to summer
European Coke bottler Coca-Cola HBC has hiked its 2023 earnings expectations after a stronger than anticipated close to the first half of the year
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NewsMedia Bites 7 July: Petrol pricing, Sainsbury’s, tax-free shopping
The governor of the Bank of England has accused retailers of putting further strain on households by overcharging consumers on petrol
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NewsTonic Health launches with Walmart supported by six-figure crowd investment
The gummies are made without any sweeteners or artificial ingredients, and use beetroot fibre instead of sugar as a primary ingredient
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NewsCity snapshot: Virgin Wines signs strategic partnership with WH Smith
Online wines supplier Virgin Wines has agreed a new strategic partnership with WH Smith to supply its travel stores.
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NewsMedia Bites 6 July: Asda, Waitrose, Diageo
Asda has been summoned to appear before MPs again after “discrepancies” emerged over its fuel pricing strategy and “unclear” fire-and-rehire policy.
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NewsMeatless Farm administration report lifts lid on collapse
Meatless Farm owed creditors more than £2m when it collapsed last month, according to a report, which also revealed how much vegan rival VFC paid to rescue brand
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NewsKitwave begins construction of 80,000 sq ft warehouse in south west
Construction of the new distribution centre, which is located two miles outside Newton Abbot, is expected to be completed by quarter three of 2024
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NewsMedia Bites 5 July: Sainsbury’s, Morrisons, M&S
Food inflation is starting to fall but will not return to levels seen before the start of the cost of living crisis, the boss of Sainsbury’s has warned
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NewsCity snapshot: Supreme upgrades profit forecasts as it strikes ElfBar distribution deal
Vape manufacturer Supreme has significantly upgraded its profit expectations for its 2023/24 financial year. Plus, Science in Sport chairman John Clarke is stepping down after nine years
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NewsSainsbury’s has ‘zero complacency’ on food inflation, says CEO Simon Roberts
Roberts admitted the supermarket was concerned over perceptions the sector was profiteering from the cost of living crisis
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NewsCity snapshot: Return to grocery volume growth boosts Sainsbury’s sales
Sainsbury’s has posted first quarter like-for-like growth of 9.8% as pricing and a return to grocery volume growth boosted revenues.
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NewsMedia Bites 4 July: Fuel prices, Unilever, plant-based, low & no
The CMA’s report on supermarket price practices at the forecourts makes headlines in this morning’s papers.
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NewsPricecheck export sales exceed pre-Brexit levels
The Sheffield-based business, which sells to more than 100 countries worldwide, achieved growth of 44% in export sales in the financial year to 30 April 2023
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NewsHeather Mills picks up Plant & Bean meat alternatives factory from administration
Mills – the founder of plant-based group VBites – purchased the Lincolnshire factory and associated equipment from administrators at Interpath for an undisclosed sum