All Finance articles – Page 119
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NewsDX Group appoints Mark Hammond as executive chairman
Hammond will take over from retiring chairman Ron Series, who spent five years at the business
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NewsEncirc acquires Accolade Wines’ UK bottling and warehousing site as part of £30m deal
The deal, which is scheduled to close in January 2023, aims to support the wine producer’s growth strategy in key markets including the UK and Europe
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NewsCity snapshot: Premier Foods grows profits and sales as shoppers stay home to cut costs
Squeezed shoppers have turned to Premier Foods’ stable of household brands as they cut down on eating out, boosting sales and profits at the supplier group. Plus, inflation hits 11.1% as food prices soar at fastest rate since 1977, Deliveroo exits Australia, McBride warns of continued cost pressures, and Eagle Eye acquires French personalised promotions firm
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NewsMedia Bites 16 November: avian flu, Imperial Brands, champagne, Ocado
The avian flu outbreak is leaving high-end butchers struggling to source hand-reared and organic birds, while eggs shortages hit supermarkets and hospitality.
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NewsBig Drop secures seven-figure funding to boost alcohol-free beer supermarket listings
Alcohol-free craft brewer Big Drop has smashed a multimillion-pound crowdfunding target
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NewsSterling Meat Company to boost high street presence with NPIF funding
Northern butchers chain Sterling Meat Company is expanding its food-to-go format after securing a £500k investment
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NewsCity snapshot: Supermarket volumes set to fall this Christmas as shoppers retreat from rising prices
Shoppers will buy less and more carefully this Christmas as the rising price of groceries continues to put pressure on households, according to the latest industry research. Plus, full-year profits tumble at Imperial Brands and Wincanton posts strong first half
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NewsMedia Bites 15 November: Oatly, Ocado, inflation, Pladis
A busy morning in the papers takes in tumbling shares at Oatly, Ocado’s ambitions in Asia and soaring prices for food brands.
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NewsOatly plans redundancies on downgraded outlook and spiralling losses
Oatly is planning to slash its employee headcount as part of a package of cost-cutting measures
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Comment & OpinionTurning Asda around won’t be easy, but recent moves point to a newfound optimism
Asda has successfully focused on factors that have proven winners in the cost of living crisis: value and loyalty
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NewsWilko sells distribution centre to DHL for £48m
The business refinancing will let the homes and garden retailer improve its proposition and customer experience across its 402 stores and online, according to Wilko
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NewsBirds Eye sales growth freezes as demand falls from pandemic highs
Revenues at Birds Eye have fallen for the first time in four years
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NewsHumble Warrior closes third funding round to scale functional drinks brand
The third funding round at the company sees Nando’s grocery CEO Georg Gruber join as executive chairman and investor
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NewsCity snapshot: Cake Box profits squeezed by rising costs
Profits have crumbled at fresh cream cakes retailer Cake Box as rising ingredients costs and low consumer confidence put pressure on the group’s bottom line. Plus, PZ Cussons agrees a new £325m credit facility
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NewsMedia Bites 14 November: Autumn Statement, M&S, Morrisons
It is a quiet weekend in the papers for fmcg news as headlines focus on the upcoming Autumn Statement.
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WhitepapersHow technology can drive efficiency and sustainability
Featuring insights from fmcg tech trailblazers, discover how digitalising end-to-end production can put you on a path to becoming more competitive, productive and sustainable in 2023, all while reducing costs.
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ReportsOC&C 150 supplier rankings 2022: How to get M&A deals flowing again
The post-Covid recovery in dealflows in 2021 saw Top 150 M&A volumes jump to 24 from just 13 in the previous year
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RankingsOC&C 150 supplier rankings 2022: Opportunities remain in exports
Despite the strong growth in post-Covid domestic sales, the Top 150’s international sales outstripped UK growth
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ReportsFive top performers in the OC&C 150 supplier rankings
The world’s largest food group grew its UK business last year
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NewsCity News: M&S share renaissance falters on downgrades
A recent renaissance for Marks & Spencer shares came to an end this week as the retailer warned conditions on the high street would be even more challenging next year, with margins under pressure across the sector.