All Finance articles – Page 103
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NewsHesper Farm Dairy ceases trading as liquidators seek buyer
Yorkshire yogurt maker Hesper Farm Dairy has ceased trading in the face of spiralling costs.
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NewsFruit supplier Jupiter Marketing collapses, leaving almost 100 jobless
Tim Bateson and Chris Pole from insolvency firm Interpath Advisory were appointed as joint administrators to Jupiter Marketing Ltd on 5 September 2022.
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NewsFarm shop openings to be encouraged through £110m rural fund
Local authorities in England will decide how the money is used to support their countryside communities
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NewsPilgrim’s UK sees £16m loss but promises strong recovery
The pork giant reported significant inflation throughout the supply chain and lower pig prices meant results had been negatively impacted
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NewsMedia Bites 5 September: Waitrose, Iceland, Starbucks
Waitrose has admitted to signing deals with landlords halting other supermarkets from opening nearby for a decade
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NewsCity Snapshot: Iceland halts store openings as energy bills soar
Frozen food chain Iceland has put expansion plans on hold and warned of potential store closures as the cost of energy spirals.
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NewsGeary’s warns of impact of soaring energy costs as it returns to growth
Geary’s Bakeries returned to double-digit growth last year, but has warned of the impact of soaring energy costs on top of mounting input inflation last year
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NewsCity News: Reckitt shares hit by surprise departure of CEO Laxman Narasimhan
Investor confidence in the turnaround progress at consumer goods giant Reckitt Benckiser was shaken this week by the shock departure of its chief executive
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NewsCity snapshot: EG Group revenues mount but profits hit by inflationary pressures
Forecourt giant EG Group has announced “resilient” second quarter trading, with sales rebounding by 34%, though inflationary pressures reduced headline profits. Plus, Reckitt CEO Laxman Narasimhan to take over at Starbucks and all the rest of the latest news from the City.
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NewsMedia Bites 2 September: Starbucks/Reckitt, 2 Sisters, Pernod Ricard
Starbucks has named the outgoing head of Reckitt Benckiser as its next chief executive, handing Laxman Narasimhan the task of executing a “reinvention” strategy
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NewsCheeky Panda puts flotation plan on hold as IPO activity slows
Sustainable tissue challenger Cheeky Panda has put its ambitions for a blockbuster £300m flotation on hold amid economic turmoil and a dramatic global slowdown in IPO activity.
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NewsHunt’s Food Group steps in to rescue Tree of Life sister The Health Store from administration
Administrators at insolvency firm Interpath Advisory completed the sale of The Health Store brand and assets to the Dorset-headquartered group today
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NewsCity snapshot: Reckitt CEO Laxman Narasimhan quits
Reckitt Benckiser CEO Laxman Narasimhan will step down as CEO later this month and will be replaced by former British American Tobacco CEO Nicandro Durante on an interim basis. Plus, Pernod Ricard posts strong annual growth and all the rest of the latest news from the City.
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NewsPlanted secures £61m to scale clean label meat-free brand
Swiss foodtech startup Planted has closed one of the biggest-ever funding rounds in the meat alternatives category to boost production capacity and expand its range.
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NewsMedia Bites 1 September: Co-op/Asda, John Lewis, Cake Box
The Co-op’s decision to sell its petrol stations to Asda in a £600m gets plenty of coverage in this morning’s papers.
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NewsPuresport to tackle retail market after beating £1.3m crowdfunding goal
Professional rugby union player Grayson Hart founded Puresport in 2018 to offer drug-tested athletes a natural alternative to opioid-based painkillers.
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NewsAsda agrees £600m deal for Co-op petrol forecourt operations
All 2,300 Co-op colleagues impacted by the deal will transfer to Asda under Tupe rules
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NewsMedia Bites 31 Aug: price inflation, pubs, Arla Foods
The rapidly rising price of food including milk, margarine and crisps pushed August shop price inflation to the highest levels since 2008
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NewsCity Snapshot: Food prices race to 14-year high
Food prices soared to their highest levels for 14 years as mounting pressures on the industry saw strong rises in both fresh and ambient products, according to the latest data. Plus, Asda buys Co-op petrol stations in £600m deal, and Cake Box issues profits warning.
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NewsKerry Group continues ingredients push with $108m acquisition of Kraft Heinz powdered cheese business
The deal for the B2B powdered cheese business – which is part of Kraft Heinz’s ingredients division – includes a factory in Minnesota in the US and 62 employees.