Finance news – Page 82
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NewsCity News: Sainsbury’s, Tesco and M&S all post bumper Christmas sales
Soaring food price inflation and solid sales volumes combined to accelerate growth rates
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NewsInnocent pushed to £9.5m loss by Brexit-linked factory move
Smoothie maker Innocent Drinks has fallen into the red after splurging on a new purpose-built factory in the EU post-Brexit.
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NewsFarmison marks Horsegate anniversary with new traceability scheme
The upmarket online butcher started rolling out front-of-pack QR codes across its whole cut range this month
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NewsCity snapshot: C&C Group warns strikes and cost of living will hit full year profits
Beer and cider producer and distributer C&C Group has warned rail strikes and cost of living pressures will hit its full year performance, despite strong trading in December
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NewsAcquisitions boost Kettle Foods to £100m in sales for first time
Snack maker Kettle Foods has pushed sales above the £100m mark for the first time thanks to bolt-on acquisitions and increased own-label demand.
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NewsMedia Bites 13 January: Tesco, M&S, Hilton Foods
The papers are filled with all the Christmas trading updates from ‘Super Thursday’, particularly focusing on Tesco and M&S.
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NewsPrinces owner in search of buyer as sales fall sharply
The owner of tinned food giant Princes has kicked off a search for a buyer, as newly filed accounts revealed it suffered a sharp drop in sales and profits as surging Covid demand eased
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NewsAnwar Sultan appointed chief growth & commercial officer at Modern Milkman
Sultan will help bolster the Modern Milkman team to employ the latest innovations and technology to accelerate sustainability efforts and help the nation to reduce waste
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NewsGraham’s The Family Dairy profits hit in ‘fierce’ cost climate
The Scottish supplier said the past 15 months had been its most challenging ‘by some distance’
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NewsCity snapshot: Tesco Christmas sales jump despite cost of living crisis
Tesco has overcome ‘tough times’ for consumers to post strong broad-based growth in the run-up to Christmas. Plus, food and clothing grow at M&S, Hilton Food Group enjoys strong Christmas and all the rest of the latest news from the City
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NewsMedia Bites 12 January: Sainsbury’s, Deliveroo, Warpaint London
There is little grocery news in the papers this morning aside from the Christmas trading update at Sainsbury’s.
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NewsKerry set for €500m sweet ingredients portfolio sale to IRCA
Kerry Group has announced it has entered to entered into exclusive negotiations to sell sweet ingredients portfolio to Advent International-owned IRCA.
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NewsValeo Foods brings in former Birds Eye boss Hudson to lead snacks division
Hudson has taken a temporary role at Valeo Foods to lead the group’s UK snacks business, responsible for the likes of Kettle, Manomasa and Fox’s
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NewsCrussh food-to-go operator rescued in pre-pack adminstration deal
Food-to-go and juice bar group Crussh has been rescued after collapsing into administration, saving more than 160 jobs
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NewsMedia Bites 11 January: Unilever, Amazon, Majestic Wine
The stockpicker Terry Smith has raised questions about a spree of acquisitions struck by Unilever in a further attack by the star fund manager on the FTSE 100 consumer goods giant
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NewsCity snapshot: Record Christmas for Sainsbury’s as inflation lifts sales
Sainsbury’s has upped its profits expectations for the year after reporting a record Christmas. Plus, Nichols reports full-year trading update and reveals new chairman appointment.
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NewsCurious Brewery rescues Wild Beer Co from administration
Kent-based Curious Brewery has rescued the Wild Beer Co brand from administration in a deal which will double production at its Ashford brewery
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NewsMedia Bites 10 January: Lidl, Aldi, Waitrose, Sainsbury’s, BrewDog, McDonald’s
A packed morning of news in the papers, with the Christmas trading update from Lidl making headlines
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NewsCity snapshot: Grocers boosted by highest ever sales week in the run up to Christmas
UK supermarkets saw a double digit jump in sales, as strong inflation and a recovery in sales volumes lead to the industry’s biggest ever week in the run up to Christmas
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NewsMedia Bites 9 January: Waitrose/Warburtons, McDonald’s, M&S
Waitrose has pulled all Warburtons products from its shelves in a row that denies millions of its shoppers access to the nation’s most popular crumpet