All Finance articles – Page 11
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NewsCity snapshot: Greencore upgrades profit forecasts after ‘outstanding performance’ in Q4
Profits at Greencore will be ahead of expectations thanks to “an outstanding performance” in the final quarter of its financial year. Plus, trading updates from Imperial Brands and Cooks Coffee, the latest data from Kantar, BRC and Barclays, and Gusbourne secures additional funding
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NewsFrench plant-based pork company La Vie raises €25m in latest funding round to boost growth
This brings the total raised by the company in the last three years to €50m, despite a 36% drop in investments in the food tech sector, the brand said
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NewsFramptons back in profit 18 months after £5m cash injection
Plant-based co-packer Framptons has completed a remarkable turnaround by returning to profit less than 18 months after it sought a £5m cash injection to ensure its survival
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NewsAlt-meat brand This losses continue as it pushes for profitability
Alt-meat producer This has reiterated its plan to hit profitability this year after failing to stem widening losses in its latest accounts
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NewsFrench sugar supplier Tereos fined £25k over Tate & Lyle merger
The French sugar giant has been fined £25k for failing to disclose relevant information over its recent merger with Tate & Lyle Sugars
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NewsCity snapshot: Mérieux NutriSciences agrees €360m deal with Bureau Veritas
Food safety company Mérieux NutriSciences has agreed to acquire the food testing business of Bureau Veritas for €360m
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News‘Back to the future’ as volumes fall at big 50
Volumes at the world’s largest consumer packaged goods companies tumbled for the first time in a decade last year as battered consumers sought out cheaper options in the face of constant price increases
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Analysis & FeaturesOC&C Global 50: how have fmcg giants fared in yet another stormy year?
The major multinationals saw sluggish growth in a turbulent 2023 and, despite falling inflation, are struggling to regain momentum
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NewsBelgian dessert makers merge to become Mellow
Two Belgian dessert manufacturers have merged in a bid to become a leading player in the global desserts market
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NewsCity snapshot: Virgin Wines collaborates with Ocado Retail
Starting this week, Ocado customers have access to an exclusive selection of 50 wines from the Virgin Wines portfolio, “carefully curated” by the buying teams from both businesses
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NewsMedia Bites 4 October: toddlers/UPFs, Tesco/workers’ rights, Upper Crust
Toddlers in the UK obtain almost half of their calories from UPFs, while Ken Murphy has called on the government to ensure improved workers’ rights also increase productivity
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NewsTesco shares race higher on profits upgrade and healthy dividends
Tesco increased group revenues 3.5% to £31.5bn in the 26 weeks ended 24 August
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NewsBart Ingredients improves losses as price rises pass through to retailers
Inflation has proved tough on the herbs and spices manufacturer, which made a second consecutive loss in 2023
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NewsScottish farm once owned by Robert Burns launches crowd round to take on ‘big dairy’
Mossgiel Farm has launched a crowdfunding campaign to raise £300k to build a state-of-the-art, zero-waste dairy facility
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NewsMash Direct slides into the red as input costs soar
The prepared vegetable company saw its operating profit decline to –£984.9k in the year to 28 February 2023
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NewsMedia Bites 3 October: Oil prices rising amid Middle East crisis, BoE governor Bailey points to rate cuts
Fears of all-out war is contributing to an ongoing ‘supply chain’ squeeze, which could ultimately drive inflation, The Guardian reports
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NewsCity snapshot: Tesco raises profit expectations on strong first half
Tesco has upgraded profit forecasts for the year after boosting volumes by more than expected in the first half. Plus, a Q4 trading update from SSP Group
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NewsFourpure placed into voluntary administration to ‘protect brand’
It comes six months after the brewery entered into a company voluntary arrangement
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NewsField marketer Dee Set Group acquired by Acosta Europe
The undisclosed deal creates what Acosta described as a “market-leading” retail and afield marketing services agency
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NewsNew light shed on Lidl’s store opening slowdown by parent’s €1bn interest costs
Accounts for Lidl Stiftung & Co KG have revealed interest expenses of €1.025bn in the 12 months to 29 February 2024, up from €462m the previous year