All Finance articles – Page 157
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NewsMedia Bites 4 March: Ukraine, inflation, Coca-Cola HBC, vodka
It’s a quiet morning in the papers when it comes to food and drink news as the confilct in Ukraine dominates all coverage.
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NewsPlastic tax faces shambolic start as material prices hit record levels
Many suppliers are now considering shouldering the tax rather than switching to more expensive packaging
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NewsYumello beats £300k crowd target as it looks to accelerate growth
The business – founded by Esther Lopez and Omar El Hajji in 2018 – is overfunding on the Seedrs platform, with £342k raised from more than 130 backers so far.
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NewsNirvana Brewery kicks off funding drive to capitalise on boom in overseas demand for low-alcohol beer
The London-based brewery experienced “a spike” in interest from aboard in 2021, with exports rocketing by 550%.
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NewsCity snapshot: Coca-Cola HBC withdraws guidance due to Ukraine/Russia conflict
Troubled Eastern European Coke bottler Coca-Cola HBC has withdrawn its guidance for its current financial year due to the conflict between two of its key territories of Ukraine and Russia. Plus, Glanbia posts strong annual sales and profit growth, footfall rebounds in February and all the rest of the latest news from the City.
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NewsMedia Bites 3 March: EG Group, Prompt Payment Code, Just Eat, Hotel Chocolat
EG Group has told its investors for a third year running that it needs more time to produce audited accounts, citing the increased size and complexity of the business.
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NewsHotel Chocolat enjoys bumper first-half results despite inflationary pressures
Revenues jumped 40% higher to £142.9m in the 26 weeks ended 26 December as it won over new customers in the UK and US.
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NewsNichols in M&A hunt as it launches review of Covid hit out-of-home channel
Vimto owner Nichols is eyeing M&A targets to strengthen its portfolio of drinks as the group rethinks the out-of-home channel in the wake of the pandemic, bosses have told The Grocer
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NewsShop prices hit highest level for more than a decade - BRC
Shop price annual inflation hit 1.8% in February, up from 1.5% in the previous month, which marks the highest rate since November 2011, the British Retail Consortium reported.
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NewsMedia Bites 2 March: Boots, Sainsbury’s, Grocery market share
Plans for a multi-billion-pound sale of UK chemist Boots have run into a series of difficulties after a potential buyer walked away
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NewsCity Snapshot: Nichols slides to a loss as out-of-home channel struggles to recover from Covid
Vimto maker Nichols has fallen to a loss as the damage caused to its out-of-home business by the pandemic continued to weigh heavily on the group. Plus, the latest shop price index from BRC, full-year losses balloon at Just Eat Takeaway, a bumper first-half for Hotel Chocolat and full-year results from sausage casings maker Devro.
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NewsBodega Bay unveils crowdfunding campaign and it plots hard seltzer expansion at home and abroad
The latest round will add to the £1.8m raised so far by Bodega Bay and will be targeted at growing the UK and export markets as hard seltzers become increasingly popular with consumers.
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Comment & OpinionMcColl’s lender talks set to be pivotal to the retailer’s future
McColl’s confirmed it had received an offer for the whole business but that it had been withdrawn
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NewsScottish Seafood player Dawnfresh falls into administration
Dawnfresh, one of the UK’s largest fish and seafood producers and processors, has collapsed after struggling with rising costs, resulting in 200 jobs being lost
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NewsCity snapshot: Inflation hits nine year high as supermarket sales continue to fall
Supermarket sales fell by a further 3.7% in the most recent three months, according to Kantar, as inflation hit its highest level since 2013
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NewsMedia Bites 1 March: ABF, McColl’s, GSK, petrol prices
The papers cover the latest trading update from Primark owner ABF, alongisde the capital markets day at GSK, the ongoing troubles at McColl’s and the effects of the conflict in Ukraine.
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NewsHealthspan snapped up by Norwegian conglomerate Orkla
Founded in 1996 by Derek Coates, Healthspan has built a brand with a broad range of products across the VMS, sports nutrition, pet health and skincare markets.
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NewsMackie’s of Scotland enjoys record year but inflation set to squeeze profits in 2022
Scottish ice cream brand Mackie’s has delivered record sales and profits despite the challenges of lockdown and spiralling costs.
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NewsHow the stock market has reacted to Russia’s invasion of Ukraine
Global stock markets crashed on the news of Russia’s invasion, but focus has begun to centre on those companies most exposed to upheaval in the region
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NewsMcColl’s shares crash as c-store chain admits fight for survival
Shares in McColl’s have lost more than half their value today after the c-store group confirmed it is in talks with lenders to prevent a collapse into administration.