Finance news – Page 79
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NewsCity snapshot: Urgent reform needed for ‘broken’ apprentice levy
The government’s apprentice levy system is ‘broken’ and needs ‘urgent reform’, according to a letter from four trade bodies.
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NewsCity News: Market struggles to untangle implications of Bestway’s Sainsbury’s investment
Bestway’s shock investment in Sainsbury’s last week sent City tongues wagging and the supermarket’s shares to 11-month highs as the market attempted to decipher the implications
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NewsThis named fastest-growing food brand in Fast 50 ranking
The brand’s rapid growth and heavy investment has propelled it to the top of Alantra’s annual Fast 50
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NewsWyke Farms sees sales and profit rise, despite soaring costs
The supplier said the cost of producing cheddar had doubled since the start of its accounting period
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NewsCity snapshot: Retail footfall recovers as workers and tourists return
Retail footfall continues to recover towards pre-pandemic levels in January as the return of office workers and international tourists boosted high street numbers
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NewsMedia Bites 3 February: Amazon, Avara Foods, Bank of England
The latest Amazon results and the latest interest rates hikes by the Bank of England make headlines this morning
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NewsSykes Seafood saves 120 jobs in Big Prawn Co pre-pack administration deal
Big Prawn, which supplied natural and added-value shellfish products to UK retailers, wholesalers and foodservice, appointed restructuring specialist Kroll Advisory as administrator on 27 January 2023.
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NewsCity snapshot: Cranswick sales accelerate amid strong consumer demand for meat
Pork and poultry producer Cranswick saw revenues accelerate in the third quarter as volume growth and higher prices contributed to growth
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NewsMedia Bites 2 February: Sainsbury’s/Bestway, Aldi/M&S, Unilever
The papers continue to pick up the latest news surrounding Bestway and Sainsbury’s
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NewsOddbox steps up food waste fight with multimillion-pound backing
Wonky veg delivery service Oddbox has smashed a multimillion-pound crowdfunding target to help step up its fight against food waste in the UK
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NewsMedia Bites 1 February: Tesco, Pets at Home, THG
Tesco buys Paperchase brand and announces a shake-up of its shop management in large UK stores
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NewsCity snapshot: Food inflation shows no signs of slowing as prices hit record high
Food inflation has leapt to a new high in January as producers continued to battle cost pressures, according to the latest report by the British Retail Consortium. Plus, new appointments at Greencore and Kitwave
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NewsCity snapshot: Grocery price inflation soars to new record high
UK supermarket sales rose by 5.7% in January, according to the latest market share figures from Kantar, though this was significantly lower than the record 16.7% price inflation recorded in the month
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NewsMedia Bites 31 January: Unilever, Lidl, Caffè Nero
The main focus for this morning’s papers is the appointment of a new CEO at Unilever
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NewsProfits warnings at food producers hit 16-year high in 2022
Profit warnings by UK-listed companies soared 50% higher in 2022 as rising costs put retailers and food companies under significant pressure, according to a new report
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NewsFinsbury Food Group expands reach with Lees of Scotland acquisition
Specialist bakery Finsbury Food Group has acquired snowballs maker Lees of Scotland for £5.7m in cash
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NewsMedia Bites 30 January: Bestway/Sainsbury’s, Asda, Caffè Nero
The billionaire family that has taken a £200m stake in Sainsbury’s discussed a takeover of the supermarket
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NewsCity snapshot: Unilever appoints Royal FrieslandCampina boss as CEO
Unilever has appointed Royal FrieslandCampina boss Hein Schumacher as successor to outgoing CEO Alan Jope. Plus, Finsbury Food Group announces an acquisition, Kitwave appoints a NED and Lidl GB unveils further investment for British suppliers.
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NewsCity News: Diageo posts strong growth but shaky US performance knocks shares
Investors toasting double-digit sales and profit growth at Diageo found their good cheer soured this week by a sharp share price drop, as attention fell on stuttering growth in the US
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NewsCity snapshot: Bestway Group takes 3.45% stake in Sainsbury’s
Costcutter owner Bestway Group has announced this morning it has taken a 3.45% stake in Sainsbury’s and may buy further shares in the supermarket