All Finance articles – Page 131
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NewsCity Snapshot: Asda leads race in £450m sale of Co-op petrol forecourt business
The Co-op has hired advisors to sell its petrol forecourts operation in a bid to raise £450m, with the Issa brothers-owned Asda the front runner to buy the business, according to reports.
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NewsCity News: iFood stake sale is welcome relief for beleaguered Just Eat Takeaway investors
The group announced a deal to sell its 33% stake in the South American food delivery arm to iFood’s majority owner (and one time Just Eat suitor) Prosus for €1.5bn
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NewsYo Sushi owner sees sales jump following retail and kiosk push
Yo Sushi owner Snowfox Group saw a near 50% jump in sales last year, driven by its concerted push into grocery retail and in-store kiosks
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NewsCity snapshot: Hain Celestial blames UK economic struggles for sharp drop in sales
US consumer foods giant Hain Celestial has blamed soaring food prices and falling consumer confidence in the UK for a steep drop in full-year revenues
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NewsMedia Bites 26 August: Asda, Love Hemp, M&S
Asda’s latest quarterly results make headlines in this morning’s papers.
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NewsAsda claims sales going in the right direction despite cost of living crisis
Asda has also expanded its ‘Dropped & Locked’ pricing campaign to include more than 250 products, which will remain for the rest of the year
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NewsClean Kitchen Club raises £2m-plus for expansion and retail push
Plant-based fast food chain Clean Kitchen Club has raised more than £2m in a joint seed and crowdfunding round to expand the roll-out of its estate outside of London and push the brand into supermarkets.
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NewsTrip secures £10m for mainstream CBD push
CBD start-up Trip has secured a £10m investment to fuel its rapid growth and bring the brand to a mainstream customer base.
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NewsWeetabix appoints Nurain Mohamed as head of business finance
Mohamed joins from his previous position as finance director for UK operations at Jacobs Douwe Egberts
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NewsMission Ventures kicks off incubator scheme for healthier startups
The startup consultancy has partnered with non-profit organisation Impact on Urban Health to help 10 healthier challenger brands launch into the mults
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NewsCity snapshot: Delivery Hero first half losses near €1.5bn
German food delivery group Delivery Hero lost almost €1.5bn in its first half after rising marketing, technology and impairment costs increased its losses
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NewsMedia Bites 25 August: CO2, Asda, Lidl
The UK’s biggest carbon dioxide producer said it would close its Billingham plant in north-east England and Asda to remove best-before dates from fruit and veg.
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NewsGreen Beverages appoints Howard Prince-Wright as chairman
Prince-Wright’s career includes spells as a director at Pepsi-Cola International and as CFO of Burger King Europe, the Middle East and Africa
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NewsIceland’s debt rating downgraded as it slips to annual loss
Iceland’s debt rating has been downgraded by Moody’s as newly filed accounts show the supermarket fell to a pre-tax loss last year
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NewsTree of Life administrators seek rescue deal as 143 staff made redundant
Almost 150 employees have lost their jobs after wholesalers Tree of Life and The Health Store collapsed this week
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NewsMedia Bites 24 Aug: Co-op, Pubs, Convenience stores
Co-op, the UK’s biggest member-owned company, has appointed the first female chief executive in the organisation’s history
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NewsCity Snapshot: Tree of Life appoints administrators
Health food distributor Tree of Life has collapsed into administration after failing to secure investment needed to stay afloat.
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NewsHealth food wholesaler Tree of Life falls into administration
Health food wholesaler Tree of Life has fallen into administration following a failed attempt to secure third party investment earlier this year
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NewsMoy Park sees near 60% profit slump amid ‘challenging headwinds’
The Northern Ireland-based poultry giant saw operating profit fall by 58.1% (or £50m) to £36.2m in the face of significant cost increases in feed, utilities and labour
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NewsCity snapshot: Inflation drives grocery growth as convenience outstrips supermarket sales
Grocery sales rose 4.5% in the four weeks to 13 August as inflation drove top-line growth despite falling volumes