Finance news – Page 94
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NewsCity snapshot: Greencore sales rise but rail strikes and Bank Holiday dampen recovery
Greencore has seen a strong rebound in revenues in its financial year to 30 September as on-the-go consumption returned, albeit slowed in the fourth quarter
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NewsMedia Bites 11 October: Getir/Gorrilas, Asda, Morrisons/McColl’s
Grocery delivery app pioneer Getir is in talks to take over its heavily lossmaking rival Gorillas, according to this morning’s papers.
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NewsMedia Bites 10 October: Holland & Barrett, Tesco, Christmas goose
LetterOne, the UK-based investment group founded by sanctions-hit Russian oligarchs, is nearing a deal with lenders behind Holland & Barrett to buy out £890m
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NewsCity snapshot: Cooks Coffee Company outlines fundraising plans ahead of London float
Cafe chain Cooks Coffee Company is planning to raise £1.5m in a funding round ahead of its London float. Plus, a trading update from packaging firm DS Smith.
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NewsCity News: Tesco shares struggle as it battles inflationary pressure
Tesco shares continued to come under pressure this week as its profits were hit by its battle to retain market share amid soaring inflation.
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NewsOlly’s brings in more than £1m from the crowd to support supermarket listings
Founded by Olly Hiscocks in 2016, the business recently launched into Asda, Tesco and Holland & Barrett, adding to listings with Sainsbury’s, Morrisons, Waitrose, Co-op, Whole Foods and Boots.
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NewsPasta Evangelists sales nearly double on omnichannel growth
Fresh Italian food specialist Pasta Evangelists almost doubled revenues following its sale to Barilla, although it warned the DTC market has slowed in 2022
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NewsM&S rolls out digital credit accounts for Sparks customers
The digital credit platform lets customers apply and receive an instant online credit decision for up to a maximum of £500
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NewsCity snapshot: UK retail footfall rises to post-pandemic high
UK footfall came within 10% of pre-pandemic levels for the first time in September, despite mounting pressure on consumer spending
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NewsRamsden International sinks to first loss in company’s history as Brexit hits sales
Ramsden International has fallen to its first-ever loss as new Brexit rules hit revenues at the wholesale exporter.
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NewsMedia Bites 7 October: Imperial Brands, Arla Foods, Diageo
Imperial Brands has launched a £1bn share buyback programme to reward shareholders.
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NewsTree of Life and Health Store suppliers £20m out of pocket following collapse
Hundreds of suppliers have been left almost £20m out of pocket by the collapse of Tree of Life and sister distributor The Health Store, with a number of start-ups struggling to survive the fallout
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NewsCity snapshot: Imperial Brands launches £1bn share buyback scheme
Tobacco player Imperial Brands has announced the launch of a multi-year share buyback programme, with the intention of buying back £1bn shares by the end of September 2023. Plus a trading update from Diageo and all the rest of the latest news from the City.
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NewsMedia Bites 6 October: Tesco, Unilever, Ocado
Coverage of the latest results from Tesco makes up the bulk of retail news in this morning’s papers.
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NewsHackney Gelato to increase marketing investment after hitting £600k crowd target
It has so far raised £667k from more than 312 backers on the Crowdcube platform, with the campaign valuing the challenger at £10m.
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NewsNurture Brands expands snacking portfolio with Indie Bay Snacks
Nurture Brands, owner of Rebel Kitchen and The Primal Pantry, has agreed a deal to acquire pretzel supplier Indie Bay Snacks
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NewsMedia Bites 5 October: Greggs, fuel prices, Christmas retail
UK bakery chain Greggs has defied hospitality industry gloom with a 15% rise in sales
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NewsCity snapshot: Tesco profits squeezed as customers ‘watch every penny’
Profits at Tesco fell back in the first half as customers faced “a tough time” but rising food prices helped Britain’s biggest supermarket grow sales.
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NewsVegan ready meal brand The Brook closes after ‘challenging’ six months
In a recent LinkedIn post, CEO Thea Brook wrote that the business had ‘battled hard through one economic crisis after another’ since its launch in 2019
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NewsInflation could cut Asian dairy demand and UK exporting prospects
British dairy has been targeting the region’s high growth economies