Finance news – Page 72
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NewsCity snapshot: Former John Lewis boss urges rethink to potential sell-off
A former boss of John Lewis has said it would be a “tragedy” if the retailer changed its partnership model.
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NewsCity News: Shares recovery at Fever-Tree on investor optimism for 2023
Fever-Tree shares are 35% down year on year and more than 55% down since the start of 2022 Fever-Tree shares jumped this week, despite a heavy fall in annual profits. Investors breathed a collective sigh of relief on assurances its profits this year would be in line ...
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NewsUnrooted secures £1.1m to help boost UK distribution
The baobab-infused drinks supplier has raised £1.1m through backing from a variety of family offices and individual investors.
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NewsMedia Bites 24 March: Inflation, Fortnum & Mason
It is a very quiet morning in the papers in terms of grocery news.
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NewsPark Cakes looks at sale options as it seeks fresh funding
The group, which makes the Colin the Caterpillar cake for Marks & Spencer, is working with advisory firms Teneo and A&M to explore its options, The Grocer has learned.
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NewsFormer Tree of Life staff win backing for new healthy food wholesaler
An Irish investment group is backing a group of former Tree of Life employees to establish a new healthy food wholesaler in the UK
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NewsCity snapshot: Retail sales return to pre-Covid levels as consumer confidence edges up
Retail sales have jumped by more than expected in February despite the inflationary challenges facing consumers, according to new data published this morning. Plus, consumer confidence also rises in March
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NewsCity snapshot: C&C Group profits rise despite ‘challenging trading backdrop’
Drinks supplier C&C Group has announced its full year profits will be in line with revised expectations and it will recommence dividend payments despite a ‘challenging trading backdrop’
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NewsMedia Bites 23 March: John Lewis, Fever-Tree, inflation
John Lewis keeps making headlines amid reports of its plan to sell a minority stake.
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NewsSalad shortages fuels surprise jump in inflation as food prices soar 18%
Food price inflation has hit a 45-year high of 18% amid shortages of fruit and vegetables, according to the latest data out this morning
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NewsMedia Bites 22 March: Just Eat, Tesco/Clubcard, John Lewis
Just Eat Takeaway will stop employing its own workers in the UK, as it reverses a high-profile effort to reduce reliance on the gig economy
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NewsCity snapshot: Fever-Tree profits hit by soaring inflation as UK sales fall
Profits have declined at Fever-Tree as inflationary pressures squeezed margins and sales in the UK market shrank as consumers cut back spending to cope with the cost-of-living crisis. Plus, surprise jump in UK inflation as veg shortages push food prices 18% higher.
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NewsDelevingne sisters’ Della Vite secures investment from La Hechicera founders
Della Vite, launched by Chloe, Poppy and Cara Delevingne in 2020, secured more than £3m in an investment round led by the founders of premium rum brand La Hechicera
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NewsCity snapshot: British Honey Co calls in administrators
Listed producer of honey and spirits British Honey Co has announced its intention to appoint administrators following the failure to raise critical funds
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NewsMedia Bites 21 March: John Lewis, Amazon, Magnum
John Lewis remains firmly in the headlines this morning as the papers weigh up what comes next for the retailer.
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NewsNice nears £1m in crowdfunding round to boost wine-on-tap offering
The canned wine startup has raised almost £1m from the crowd to boost the on-trade channel and invest in NPD
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NewsCity snapshot: John Lewis Partnership considers changes to employee-owned structure
The John Lewis Partnership is weighing up plans to dilute its 100% employee ownership in a bid to raise new investment in the face of difficult trading
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NewsMedia Bites 20 March: John Lewis Partnership, Princes Foods, THG
Speculation was rife over the future of John Lewis at the weekend, with reports suggesting it may dilute its 100% employee ownership to raise fresh investment
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NewsCity News: City harbours doubts over Deliveroo’s profitability progress
Deliveroo trumpeted it had made “excellent progress” on the path to profitability this week. However, concerns persist in the City over its ability to turn market share into profits amid tightening consumer spending
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NewsKTC snaps up Scottish margarine manufacturer Cardowan Creameries
The deal strengthened the private equity-backed group’s value-added processing capabilities and broadened the product offering, KTC said.