Finance news – Page 93
-
NewsBooths sees annual profits increase but CEO warns of looming cost of living impacts
Profits before tax rose to £3m from £1.9m, while EBITDA grew by £1.4m to £13.3m
-
NewsSelfridges sales recover in 2021 as new owners prepare to ride out cost of living crisis
The company posted a full-year sales increase of 28% to £653.4m, up from £508.5m the year before
-
NewsCity snapshot: Asda benefits from renewed demand for own label
Brands are coming under increasing pressure from own-label as shoppers trade down to cope with soaring food prices, the latest Nielsen grocery data revealed. Plus, the latest Barclaycard spending data and Pernod Ricard acquires Código 1530 Tequila.
-
NewsMedia Bites 18 October: u-turn, Greggs, THG
The papers are dominated by the latest u-turns from the government as almost all prime minister Liz Truss’s tax policies are ripped up by chancellor Jeremy Hunt
-
NewsFeel aims to become household name following £10m investment round
DTC supplements challenger Feel has secured a £10m investment to maintain its rapid growth in the health and wellness category and boost brand awareness.
-
NewsWicked Kitchen lands Woody Harrelson backing in $20m investment round
The brand will use the money to increase global brand awareness and expand retail distribution
-
NewsMedia Bites 17 October: Pound/Chancellor, Tesco, Kroger, Beyond Meat
The pound and UK government bond yields have recovered in anticipation of a key statement from the new chancellor
-
NewsCity snapshot: Tesco chairman warns of increasing pressure on households
Tesco chairman John Allan has sounded the alarm over the increasing pressure on households as interest rates rise higher.
-
NewsSamworth Bros commits £100m investment following Covid rebound
Samworth has pledged to invest more than £100m in growth over the next two years after bouncing back from Covid
-
NewsBurton’s Biscuits sees category share increase as its sales rise
Revenues climbed 7.4% to £295.2m in the 53 weeks to 31 December 2021 – compared with 11.5% in 2020 – thanks to the expansion of its private label business and successful branded NPD, as well as some price increases.
-
NewsItsu’s Julian Metcalfe forecasts £100m in supermarket sales ‘very easily’
Founder Julian Metcalfe told The Grocer he expected the “extremely rapid” growth of the group’s grocery arm to continue in 2022 and beyond despite soaring costs and a squeezed consumer.
-
NewsFussy raises £1.1m from crowd to boost eco-friendly personal care growth
Eco-friendly personal care challenger Fussy has raised more than £1m from the crowd as it seeks to eliminate single-use plastic in the category.
-
NewsCity snapshot: Danone announces exit from Russian business
Danone has this morning announced it plans to transfer control of its dairy and plant-based business in Russia, in a move that could cost the group €1bn. Plus Diageo and Refresco pursue global M&A.
-
NewsMedia Bites 14 October: Ocado, Kroger/Albertsons, Boots
Shares in Ocado bounced off four-year lows amid speculation that the online supermarket could benefit if the US grocery giant Kroger merges with its smaller rival
-
NewsBoots recovery boosted by heatwave as footfall picks up
An ongoing turnaround at Boots has been boosted by an uptick in footfall at its city centre stores and travel outlets at airports and train stations as consumers prepared for summer holidays
-
NewsCity snapshot: British Honey Co puts itself up for sale
Listed honey and spirits producer British Honey Co has launched a formal sales process amid the need for cash by the end of November
-
NewsMedia Bites 13 October: M&S, Poundland, Walmart
Marks & Spencer’s store closure plans are accelerating as it battles a “significant” rise in costs against a tougher economic backdrop.
-
NewsM&S accelerates turnaround plan and brings forward food store opening target
In recent years, M&S has focused on opening larger-format stores in areas such as retail parks to attract more families and achieve bigger basket spending
-
NewsMedia Bites 12 Oct: Supermarket inflation, Marston’s, Pret a Manger
Price inflation on groceries has risen to record levels, with shoppers switching to supermarkets’ own-label goods to cope with higher food costs
-
NewsCity snapshot: Poundland attracts new customers as cost-of-living crisis grows
Poundland has benefitted from cost-conscious consumers managing tight household budgets to grow sales over the past year.