All Finance articles – Page 107
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News
Coca-Cola beats expectations as higher prices lift revenues
Coca-Cola has revealed a strong set of fourth quarter and full-year results as consumer stuck with the soft drinks giant’s range of beverages despite inflated prices.
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News
City snapshot: Price hikes drive sales and profit growth at Coca-Cola HBC
European Coke bottler Coca-Cola HBC has posted strong top-line and profit growth on double-digit price hikes and cost control
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News
Media Bites 14 February: Amazon, Iceland, Lilt
Amazon chief executive Andy Jassy has vowed to double down on the company’s struggling grocery store business.
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News
Cellular share prices plummet causes Cannaray deal to falls through
CBD supplier Cannaray has cancelled its £18.6m reverse takeover of Cellular Goods due to a drop in the target’s share price
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News
Valeo Foods appoints 2 Sisters boss Ronald Kers as CEO
Kers will take up his new role in the summer following Seamus Kearney’s decision to step back from a day-to-day leadership role within the business
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News
Avara Foods slumps to loss amid ‘inflationary pressures not seen for a decade’
The poultry supplier saw a £16.9m profit swing to a £16.1m loss during the 2021/22 financial year
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News
City snapshot: DX Group confirms corporate espionage claim from rival
Logistics group DX has confirmed this morning it is the subject of a corporate espionage claim in the High Court from a rival
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News
Media Bites 13 February: Tesco/Apprenticeship Levy, Pub closures, Bestway/Sainsbury’s
Tesco’s chief executive has complained that thousands of staff are missing out on new training because of restrictions on the government’s Apprenticeship Levy fund
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News
City News: Unilever warns of further price hikes
Unilever warned the market that further price hikes are on the way despite double-digit price inflation in 2022, but investors were reassured by the consumer giant’s full-year results on Thursday
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News
Burts Snacks set to unlock growth with backing from new owner Europe Snacks
MD Dave McNulty, who will continue to run Burts as a standalone business, told The Grocer the acquisition would help unlock further potential in the snacking category.
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News
2 Sisters owner Boparan and ForFarmers abandon animal feed joint venture
Boparan subsidiary 2Agriculture had hoped the jv would bring down feed prices
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News
Struggling CBD brand Love Hemp calls in administrators
A notice on the brand’s website said Paul Cooper and Jamie Taylor of Begbies Traynor were appointed as joint administrators of Love Hemp Ltd on 9 February 2023
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News
City snapshot: Kellogg’s scraps sale of MorningStar Farms amid falling plant-based valuations
Kellogg’s has scrapped plans to spin off or sell its plant-based division MorningStar Farms amid a plunge in the valuation of competitors in the sector
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News
Media Bites 10 February: Unilever, Deliveroo, British American Tobacco
Unilever’s annual results dominate the headlines in this morning’s business pages, alongside news that Deliveroo is to axe 350 jobs
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Comment & Opinion
Why food prices won’t peak for a while yet
We still don’t expect food prices to peak until Q2 2023, despite the FAO global food index having just posted its tenth consecutive monthly decline
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News
Arla warns of tough year ahead after 2022 trading ‘volatility’
The dairy giant saw branded volumes fall last year as the cost of living crisis kicked in
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News
Iceland given refinancing boost on the back of ‘better than expected’ performance guidance
Moody’s expects Iceland to benefit from falling energy costs over the rest of the year
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News
City snapshot: Unilever warns of further inflationary pressures after double-digit price hikes in 2022
Unilever has warned that it will take further pricing action in 2023 to cope with continued inflationary pressures despite pushing through double-digit price hikes in 2022. Plus updates from Compass Group, British American Tobacco and Arla
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News
Samworth Bros invests in plant-based player Tiba Tempeh
Samworth Brothers has made an investment in the plant-based startup to support its growth in the UK and internationally
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News
Media Bites 9 February: John Lewis/M&S, Burts Snacks, PZ Cussons
M&S could overtake John Lewis Partnership to become the nation’s seventh largest retailer by sales before the end of this year