Finance news – Page 68
-
News
Nestlé agrees European frozen pizza joint venture with PAI PArtners
Nestlé and private equity firm PAI Partners have agreed to set up a joint venture for Nestlé’s frozen pizza business in Europe
-
News
Chapple & Jenkins acquires Lansdell Soft Drinks for an undisclosed sum
Lansdell specialises in soft drinks, alcohol, confectionery, snacks and impulse products
-
News
City snapshot: UK retail sales fall in March as shoppers cut back
UK retail sales volumes fell back in March as soaring inflation, food availability and wet weather hit shopping activity
-
News
Media Bites 21 April: WH Smith, Deliveroo, Pepco Group
WH Smith’s profits have more than doubled thanks to a rebound in airport passenger numbers and the opening of new stores
-
News
Cook reports Easter sales up by 24% year on year
Sales at Cook’s 96 retail shops increased by 31% over the two-week period before and after Easter
-
News
Tonic Health launches £500k crowd round for US push
Tonic Health is closing in on a £500k fundraising target as the natural supplements start-up returns to the crowd for follow-on investment
-
News
Vegan fried chicken VFC secures £6m to boost growth
Plant-based investment firm Veg Capital led the latest seed round
-
News
City snapshot: Travel rebound boosts WH Smith sales and profits
A strong rebound in UK and international travel has boosted first-half sales at retail group WH Smith, which plans to open 120 more travel stores to tap this growth
-
News
Media Bites 20 April: Food price inflation, Tesco/Lidl, Nestlé
Food inflation accelerated to a 45-year high last month but the pace of price rises should ease as the year progresses
-
News
Food and drink insolvencies soar as inflation takes toll
Insolvencies in food and drink manufacturing have soared in the past year as surging cost inflation and falling consumer spending squeezed firms
-
News
Media Bites 19 April: Planet Organic/Sainsbury’s, THG, eggs
Sainsbury’s has joined a queue of bargain-hunting shoppers examining a last-ditch rescue of the Planet Organic brand
-
News
City snapshot: Food prices race to 45-year high to keep UK inflation higher than hoped
Soaring food prices have contributed to a higher-than-expected inflation rate in March, according to the latest government figures. Plus, Heineken and Just Eat Takeaway report first quarter results, while Cake Box issues a full-year trading update.
-
News
Butternut Box extends European reach with PsiBufet acquisition
UK-based DTC dogfood player Butternut Box has strengthened its position in continental Europe with the acquisition of Polish fresh dogfood company PsiBufet
-
News
City snapshot: THG falls to £496m operating loss as margins slide
Online beauty and nutrition retailer and brand owner THG has reported a £496m annual operating loss as its margins were slashed by a reluctance to pass on inflationary price increases and investment in customer retention
-
News
Media Bites 18 April: THG, inflation
The main headlines in this morning’s papers are reserved for THG following a speculative bid from a PE firm.
-
News
Bestway’s Well Pharmacy acquires pharmaceutical wholesaler Lexon UK
Both businesses are in prenotification discussions with the Competition and Markets Authority, which will review the acquisition
-
News
THG shares jump on Apollo ‘preliminary’ takeover approach
THG shares have jumped more than 40% today after it confirmed it has been approached by private equity giant Apollo Global Management over a possible deal
-
News
Greencore seeking CFO as Emma Hynes steps down
Hynes will leave the food-to-go specialist in May following the group’s half-year results, remaining with Greencore for a transition period to help her successor.
-
News
Media Bites 17 April: Asda, John Lewis Partnership, THG
Asda has launched what it claims is Britain’s biggest autonomous grocery home delivery trial
-
News
City snapshot: Supreme upgrades expectations amid vaping boom
Vape manufacturer Supreme is set to report annual results that are “comfortably ahead” of market expectations thanks to booming sales and acquisitions