All Finance articles – Page 159
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NewsAsda strike looms as warehouse staff reject pay offer
Asda offered base rate increases to warehouse and clerical staff ranging from 4.98% to 6.10% and 6.49% to 7.53% for transport staff
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NewsLivia’s rescued from administration after Covid struggles
Free-from snack brand Livia’s has been bought out of administration by investment firm S-Ventures after struggling to stay afloat throughout the pandemic.
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NewsCity Snapshot: Profits decline at Finsbury Food Group despite record sales as inflation hits
Pre-tax profits fell 9.2% to £11.9m in the six months to 25 December, with operating profits in the UK side of the business down 27% to £4.7m as it managed labour shortages and supply chain disruption.
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NewsMedia Bites 21 Feb: MFG, McDonald’s, Retail sales
An American investment giant is plotting a £5bn takeover of Motor Fuel Group, Britain’s biggest independent operator of petrol forecourts
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NewsKTC hires advisors to explore possible sale
Family-owned oils and canned produce specialist KTC Edibles is understood to have hired advisors to explore a possible sale of the business
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Comment & OpinionBig 30’s historic losses last year only tell half the story
Last year was the most challenging for the UK’s grocery wholesalers since the Second World War
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NewsTrewithen Dairy reports sales growth of 8% in latest results
The company, which supplies a range of Cornish dairy products, generated pre-tax profits of £1.6m in the 12 months to 30 April 2021
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NewsDr. Schär moves into bread with acquisition of GDR Food Technology
The deal gives Dr. Schär its first UK production plant and represents its first step in the fresh bread sector in the country, where it is already one of leading gluten-free brands.
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NewsWild raises £5m to grow plastic-free personal care portfolio
JamJar Investments, the VC fund helmed by the founders of Innocent Drinks, led the latest round.
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NewsMedia Bites 18 February: Nestlé, Reckitt Benckiser, Ocado
The papers take a closer look at full-year results for Nestlé and Reckitt Benckiser.
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NewsCity snapshot: Retail sales rebound in January as Omicron fears ease
Retail sales rebounded sharply in January as concerns over the Omicron Covid variant and associated restrictions eased
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Analysis & FeaturesBrakes’ suffering turnover proves the pain of hospitality’s closure
The numbers cover the year to June 2020 and so include the period when the UK went into total lockdown at the beginning of the pandemic, though not the subsequent highs that came with the Eat Out To Help Out scheme
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NewsGrowUp Farms secures £100m in funding for vertical farm in Kent
The investment will deliver a new low-carbon farm to bring fresher, longer-lasting salads to supermarket shelves year-round, the business said
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NewsCity snapshot: Nestlé posts strong growth but inflation hits margins
Nestlé has reported strong annual growth in 2021, driven by continued retail growth and a recovery in out of home, though profit margins were hit by cost inflation. Plus Ocado and Groupe Casino deepen partners and Reckitt’s margins hit by costs.
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NewsMedia Bites 17 February: Heineken, inflation, Kraft Heinz, M&S
Heineken’s chief executive has warned that “off the charts” cost inflation will further push up the price of a pint and said the risk of outright shortages was growing as brewers face persistent challenges delivering beer to pubs, restaurants and supermarkets.
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NewsKraft Heinz boosts sales with higher prices
Kraft Heinz is the latest fmcg giant to rely on price hikes to lift sales and protect margins against increased input costs
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NewsCity Snapshot: Inflation hits new 30-year high in January
Inflation hit a new 30-year high last month as prices continued to climb despite January sales. Plus, Heineken bounces back but warns prices rise could hit demand for beer; full-year results from Coca-Cola Europacific Partners and Kerry Group; and Treatt appoints new CFO.
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NewsMedia Bites 16 Feb: Insolvencies, Brexit/Ireland, Cost of living
orporate insolvencies in England and Wales began to return last month to levels last seen before the pandemic as more businesses failed over debts
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NewsBooze-free spirits brand Lyre’s brings in investment banker to ramp up growth
Non-alcoholic spirits giant Lyre has brought in an investment banking specialist to lead fundraising efforts and target M&A opportunities to boost its global growth
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Comment & OpinionHow did it all go so wrong for Farmdrop?
Farmdrop was a small business operating like a giant, and a Covid-driven rise in demand hiked costs, too