All Finance articles – Page 103
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NewsCity snapshot: Virgin Wines launches ‘full business review’ after sales and profits plunge
Online wine merchant Virgin Wines has launched a ‘full business review’ as pressure on consumer spending hit first half sales and profits. Plus, Sainsbury’s buys £430m property portfolio and Eagle Eye upgrades earnings expectations
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NewsMedia Bites 14 March: Silicon Valley Bank, John Lewis, inflation
The fallout from the failure of Silicon Valley Bank dominates front pages as well as the business sections of today’s papers.
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NewsM&S chief says spring budget should pause incoming regulation for retail
‘We would ask for no further legislative burden acting as a drag on business from unnecessary taxes or regulation,’ said Machin
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NewsDunbia picks up Jasper family lamb abattoir in Cornwall
Red meat processor Dunbia has expanded its West Country presence with the acquisition of a lamb processing site in Cornwall
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NewsScrumbles wins BGF backing to grow natural pet food brand
Natural pet food brand Scrumbles has secured a £6m investment from the BGF to continue its omni-channel growth strategy.
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NewsCity snapshot: Naked Wines seeks new financing partner following Silicon Valley Bank failure
Naked Wines is searching for a new financing partner following the collapse of Silicon Valley Bank, but the wine delivery firm said this morning its day-to-day operations remained unaffected by the situation.
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NewsMedia Bites 13 March: Tesco, Fever-Tree, Scrumbles, greedflation
Suppliers have hit back at Tesco over fees to sell produce online, warning that new fees imposed by Tesco could put them out of business
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Analysis & FeaturesWhat Lloyds Pharmacy’s woes says about the state of British chemists
As Lloyds reviews all stores, where do pharmacies go from here?
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NewsCity News: Greggs shares under pressure as stubborn inflation eats into profits
It was mixed picture for Greggs this week as the high street bakery chain revealed a 23% jump in 2022 revenues to £1.5bn but a mere 1.9% increase in pre-tax profits to £148.3m as soaring inflation ate into the bottom line.
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NewsYeo Valley sees profits wiped out by cost inflation
Yeo Valley Organic’s production arm has fallen into the red for the first time since the credit crunch in 2008
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NewsCompleat Food picks up assets from collapsed Vale of Mowbray
The historic Yorkshire-based business, which started making pork pies in 1928, appointed administrators from FRP in September last year after struggling to cope with soaring input cost inflation and higher energy bills.
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NewsBig Prawn creditors owed £23m-plus when shellfish supplier collapsed
The majority of the money owed isn’t expected to be repaid, the report by administrator Kroll revealed
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NewsCity snapshot: EG Group reports ‘resilient’ 2022 as it sells off chunk of US sites for $1.5bn
Forecourt giant EG Group has delivered “a highly resilient” performance in 2022 despite the challenging macro-economic environment. The group also announced a $1.5bn sale and leaseback on a portfolio of sites on the east coast of the US to help reduce its mountain of debt
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NewsMedia Bites 10 March: Fruit & veg shortages, Tesco, Morrisons, Boots
Supermarkets have begun to remove some of their purchase limits on fresh fruit and vegetables, introduced after widespread salad shortages and gaps on shelves.
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NewsTyphoo Tea to shutter Merseyside factory, affecting up to 90 jobs
The company is exploring options for a new site but said it would be at least a year before a suitable location was ready
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NewsCity snapshot: World Cup helps Domino’s Pizza Group score record Q4 orders
Domino’s Pizza Group has increased annual sales after an “outstanding” performance in the final quarter, boosted by a rollout on Just Eat and the World Cup
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NewsMedia Bites 9 March: Morrisons, Hotel Chocolat, The Restaurant Group
Morrisons racked up £1.5bn of losses in the year after being bought by US firm Clayton, Dubilier and Rice.
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News‘Climate-positive’ brand Sapling Spirits readies £1.2m crowd campaign
Sapling Spirits is preparing a seven-figure crowdfunding campaign to support the brand’s rapid growth in the UK and develop new markets overseas
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NewsCity snapshot: Bakkavor pushes revenues beyond £2bn but soaring costs weigh on profits
Bakkavor has reported a “robust” annual performance as like-for-like revenues exceeded £2bn but profits were weighed down by inflationary headwinds totalling more than £200m
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NewsMedia Bites 8 March: Greggs, Premier Foods, salmon farms
Coverage of Greggs’ annual results makes all the papers this morning.