Finance news – Page 86
-
NewsCity snapshot: Soaring prices grow sales and profits at packaging giant DS Smith
FTSE 100 packaging giant DS Smith brushed off a fall in in volumes and a near £800m hike in costs to strong grow sales and profits amid a significant jump in prices
-
NewsMedia Bites 8 December: Christmas price wars, Mitchells & Butlers, GSK
Aldi, Lidl and Sainsbury’s have kicked off the annual price battle on Christmas vegetables, offering bags of sprouts, carrots, parsnips and potatoes for just 19p.
-
NewsWholey Moly closes its doors in the face of mounting pressure
Cookie start-up Wholey Moly has ceased trading after being overwhelmed by a barrage of challenges this year.
-
NewsCrumbs Brewing brings in crowd cash to fight food waste
Sustainable beer maker Crumbs Brewing has hit a £150k crowdfunding target to back its growth plans and fight food waste with new product launches.
-
NewsCity snapshot: Naked Wines turnaround takes shape despite fall into the red
Naked Wines has slipped to a loss in the first half but pointed to an improvement in underlying profitability as it embarks on a new strategy to turn the group’s performance around.
-
NewsMedia Bites 7 Dec: Grocery market share, Asda, Farming/food shortages
The crisis engulfing Morrisons deepened as another slump in sales saw it lose ground to rivals such as Aldi and Lidl
-
NewsCapVest’s Second Nature Brands acquires Brownie Brittle
The international snacking group is looking to scale up in its domestic US market
-
NewsDuppy Share Rum raises £2m to push UK growth
The business is forecasting 10% growth in the UK in the 2023 financial year and is aiming to gain a total of eight SKU listings across all the major mults by 2025.
-
NewsCity snapshot: Grocery price inflation dips for the first time in 21 months
Grocery price inflation saw its first small monthly dip for almost two years over the past month as higher prices continue to drive sales value growth across the sector. Plus, SSP revenues and profits bounce back, consumer spending data from BRC-KPMG and Barclaycard and all the rest of the latest news from the City
-
NewsMedia Bites 6 December: AG Barr/Boost, Sainsbury’s, supply crisis, retail sales
The papers pick up the latest deal at AG Barr for energy drink brand boost, along with news of further price cutting at Sainsbury’s.
-
NewsSainsbury’s invests £50m to keep Christmas food prices down
The supermarket had set out a pledge earlier this year that would see it invest £500m in value by March 2023 to tackle inflation
-
NewsHere We Flo secures almost £2m funding to expand eco female personal care brand
Founded in 2017 by friends Tara Chandra and Susan Allen, the brand sells period care and bladder care products made from bamboo and organic cotton, as well as condoms using natural rubber latex.
-
NewsMedia Bites 5 Dec: Ocado, Morrisons, Associated British Foods
Ocado has told investors it will pause the construction of more automated distribution centres in the UK, the latest sign of a pullback in demand for online grocery delivery
-
NewsCity News: Greencore shares plunge despite food to go recovery
Prepared food group Greencore posted a huge jump in sales and profits this week, but its shares fell on worries over its outlook
-
NewsTroy Foods rescued by Fylde Fresh & Fabulous in pre-pack deal
Potato grower Fylde Fresh & Fabulous Group has rescued veg processor Troy Foods from administration.
-
NewsCity snapshot: Irn-Bru owner AG Barr acquires energy drinks brand Boost
The group said the deal would boost profits and demonstrated its ongoing strategy to develop in high-growth and functional categories.
-
NewsFullers Foods undergoes buyout with current MD Smith as new CEO
Frozen specialist Fullers Foods International has undergone a management buyout, with the fourth generation of the family business selling for an undisclosed sum
-
NewsCity snapshot: Footfall stumbles ahead of Christmas
Total UK footfall decreased by 13.3% in November compared to pre-pandemic levels, according BRC-Sensormatic IQ Footfall Monitor, as the cost of living crisis put off some consumers from visiting the shops
-
NewsMedia Bites 2 December: Christmas prices, John Lewis, Hotel Chocolat
Christmas dinner will be nearly 22% more expensive this year than in 2021, according to new research for the BBC
-
News2 Sisters agrees sale of Holland’s Pies and bakery division
2 Sisters Food Group is close to offloading its bakery division after striking a conditional agreement with an Irish boutique investment firm