Finance news – Page 64
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NewsMontezuma’s searches for buyer as Inverleith heads for the exit
Upmarket chocolate brand Montezuma’s has hired advisors to find a buyer for the business and provide private equity owner Inverleith with an exit, The Grocer has learned.
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NewsCity snapshot: Premier Foods profits beat expectations
Premier Foods has posted double-digit annual growth in sales and trading profits as price rises and cost savings mitigated ’exceptionally high’ input cost inflation
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NewsMedia Bites 18 May: Eggs, food banks, inflation
It’s a quiet morning for grocery news in the papers but The Guardian carries a feature looking at the price of eggs.
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NewsBetter Nature launches £3m fundraising push
The plant-based startup has kicked off the fundraising to take its tempeh brand into the mainstream and support its first UK supermarket listing
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NewsMedia Bites 17 May: Downing Street food summit, Greggs, Diageo
Rishi Sunak’s Downing Street food summit has been described as “empty” by food and farming industry representatives
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NewsCity snapshot: Artisanal Spirits Company strengthens board with CFO
The Artisanal Spirits Company has appointed Billy McCarter as chief financial officer, with immediate effect.
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NewsPricecheck reports double digit growth for second year running
Pricecheck said that its core delivered wholesale offering remained the biggest contributor to turnover
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NewsCity snapshot: Britvic profit rises following pricing hikes
Robinsons owner Britvic has posted a double-digit rise in profits in the first half, as margins improved on pricing growth and a reduction of marketing spend
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NewsMedia Bites 16 May: Petrol prices, food inflation, John Lewis, BAT
The papers are filled with stories on claims retailers increased fuel prices to unnecessarily high levels.
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NewsSymington’s profits increase despite drop in sales
The food group’s profits rose in its first full year under ownership of Newlat as it reduced ranges to focus on profitable categories
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NewsSapling Spirits closes seven-figure fundraising
Sapling Spirits has closed a seven-figure fundraising round to push ambitions to make the spirits industry more sustainable
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NewsMedia Bites 15 May: John Lewis Partnership, food price inflation, Tesco
More than half of the 61-strong partnership council of John Lewis have delivered a stinging rebuke to Dame Sharon White and her leadership
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NewsCity snapshot: British American Tobacco announces new chief executive
British American Tobacco has appointed Tadeu Marroco as successor to CEO Jack Bowles, who has stepped down from the board
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NewsCompass Group bolstered by resurgent leisure and tourism markets
Workers returning to the office and resurgent leisure and tourism bolstered the first-half profits and share price of catering giant Compass Group
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NewsDrinks supplier Global Brands sees surging growth on exports boost
UK independent drinks business Global Brands has posted a double-digit jump in annual revenues on strong growth at home and abroad
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NewsRaw dogfood player Paleo Ridge receives £1m investment to boost retail ambitions
Paleo Ridge has secured a further seven-figure investment from investor Ashridge Capital
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NewsFormer Greencore exec Kevin Moore appointed as Valeo’s first UK CEO
Valeo Foods Group has announced the appointment of Kevin Moore to the newly created position of UK CEO
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NewsWincanton lands 10-year deal with Tata Chemicals
The supply chain specialist will run British Salt’s Middlewich warehouse, where food and pharmaceutical-grade salt will be produced
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NewsPML appoints new finance director and sales manager
Philip Booth has been hired as finance director and Karl Gerding as a sales manager
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NewsTrewithen Dairy slides into the red amid production cost hike
The supplier enjoyed a £10m increase in sales but has faced significant hikes in input costs