Finance news – Page 58
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NewsCity snapshot: Greggs shares plummet 10% as slowdown continues
Greggs’ slowdown has been worrying investors since it posted disappointing results in January. Also, Bakkavor and Kitwave report strong annual results.
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NewsKitwave revenue grows 10% due to latest buying spree
The AIM-listed business completed the acquisition of three businesses last year
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NewsPromotions keep shoppers spending but Asda woes continue
Promotions at supermarkets have kept food inflation in check in February as spending on deals rose again last month, according to the latest data out this morning from Kantar
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NewsMedia Bites 4 March: Trump tariffs, inflation, obesity
US President Donald Trump rolls out tariffs on his neighbours and China, while UK food and drink inflation continues to grow
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NewsBakkavor delivers strong results despite strike disruption
Bakkavor has outperformed expectations as the prepared food business grew volumes ahead of the market in the UK
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NewsGreggs’ sales top £2bn but slowdown continues
Greggs’ share price plummeted 10% in January after the chain disappointed investors
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NewsBRC urges government to ‘mitigate swathe of costs’ as food inflation climbs
‘We expect food prices to be over 4% up by the second half of the year,’ said BRC CEO Helen Dickinson
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NewsFormer In Good Company boss Steve Cox joins Keystone Brewing as CEO
Cox failed in attempts to turn around the fortunes of Fourpure and Magic Rock whilst in charge of In Good Company
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NewsCity snapshot: Sainsbury’s set to return £250m to shareholders as deal for Argos credit card progresses
Sainsbury’s is on track with plans to return £250m to shareholders as the £720m sale of the Argos Financial Services card portfolio progresses
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NewsCity snapshot: Business confidence rebounds in February
Business confidence turned positive in February, bouncing back to a post-election high, according to a survey out this morning
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NewsMedia Bites 28 February: Ocado cuts jobs and seeks M&S payment
Ocado’s plans to scale back its research and development workforce have generated headlines this morning
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NewsNew Unilever boss Fernando Fernandez set to offload Marmite and other food brands
The surprise departure of Unilever CEO Hein Schumacher this week is likely to speed up a sell-off of non-core brands such as Marmite and put the prospect of transformational M&A back on the table, according to industry experts
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NewsOcado’s value tanks as investors tire of long wait for profitability
Ocado’s market value plunged by £600m this week as investors grew tired of waiting for jam tomorrow following another year of large losses at the grocery technology group
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NewsBeyond Meat cuts jobs and suspends China operations in bid to reduce costs
Beyond Meat is cutting its expenses over the next two years in a bid to turn a profit by the end of 2026
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NewsMackie’s profits on the rise amid supermarket success
The bulk of its growth was driven by extra listings for its ice cream in supermarkets like Tesco and Sainsbury’s
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NewsEG Group’s profits lift ahead of expected IPO
An initial public offering could value the business at about $13bn
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NewsCity snapshot: Ocado share price down 10% in early trading
Ocado published its full-year results this morning. Haleon’s share price has also taken a hit after its revenues slipped 0.6% last year
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NewsOcado’s strong grocery sales help cut losses
Ocado Retail, its joint venture with M&S, saw revenue jump 13.9% last year
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NewsHaleon profits rise as toothpaste and vitamins given boost
The Sensodyne owner was spun off from drugmaker GSK in 2022
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NewsBrand Growth Heroes and Alantra name second cohort for ‘Mini MBA’ programme
Brand Growth Heroes has unveiled the 14 challenger brands enrolled on its second ‘Mini MBA’ accelerator programme, run in partnership with financial services firm Alantra