All Finance articles – Page 162
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NewsMedia Bites 4 February: Inflation, Cranswick, Waitrose, Compass, Amazon
The Bank of England has intensified the squeeze on household finances with its first back-to-back interest rate rise since 2004 as the central bank forecast inflation will increase to 7.25% in April.
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NewsCity snapshot: Virgin Wines issues profits warning on rising costs
Online wine merchant Virgin Wines has issued a profits warning due to the ’uncertain trading environment’ and ’increased cost pressures’. Plus Nestle buys US-based plant-based player, updates from Compass Group and Cranswick and all the rest of the latest news from the City
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NewsMedia Bites 3 February: KP Snacks, Nestlé, Tesco, Pret a Manger
KP Snacks has warned there may be a shortage of some of its popular crisps and nuts following a ransomware attack and Nestlé confirms closure of factory near Newcastle.
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NewsCMA launches investigation into Medina-Freshways merger
The Competition & Markets Authority has launched an investigation into the merger of milk processors Freshways and Medina Dairy amid concerns it could lead to a “substantial lessening of competition”
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NewsMedia Bites 2 Feb: Tesco, CO2, Grocery market share
Another 1,600 jobs are being cut at Tesco as Britain’s biggest supermarket scrapped night shifts in 85 shops and almost 40 petrol station
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NewsCity Snapshot: Food price inflation continues to surge in January
Surging food prices have contributed to annual inflation in the retail sector almost doubling in January, according to the latest industry data.
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NewsCity snapshot: UK grocery sales fall in January despite mounting inflation
Take-home grocery figures from Kantar show that supermarket sales fell by 3.8% over the 12 weeks to 23 January 2022, despite prices continuing to rise as inflation mounts
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NewsMedia Bites 1 February: Jack’s/Tesco, CO2, Co-op, Diageo
News of a major shake-up at Tesco makes the headlines this morning.
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NewsDiageo to splash £73m on Guinness microbrewery and ‘culture hub’ in London
The investment demonstrated Diageo’s confidence in London as a tourist destination and its commitment to the hospitality sector, it said
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NewsFood & drink M&A enjoys bumper year in 2021 but inflation could hamper 2022
Deal activity in the UK hit the highest levels recorded for more than a decade in 2021. However, inflationary headwinds look set to hamper dealmaking this year
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NewsMedia Bites 31 Jan: Asda, Price rises, Ocado
Asda has suspended its drawn-out search for a chief executive, with one of the Issa brothers now heavily involved in the day-to-day running of the supermarket chain
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NewsCity Snapshot: Cranswick enters petcare market with Grove Pet Foods acquisition
Cranswick has expanded its reach into the petcare category with the acquisition of UK pet food maker Grove Pet Foods.
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NewsCity News: Unilever prepares for possible upheaval after GSK climbdown
News that activist investor Nelson Peltz is preparing to shake up the beleaguered business set tongues wagging
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NewsCMA launches probe into Boparan’s acquisition of Banham Poultry
Regulators have kicked off an investigation into Ranjit Boparan’s acquisition of Banham Poultry
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NewsHeura sales soar as it expands consumer reach across the globe
Plant-based brand Heura has more than doubled revenues as its growing range reached more consumers across the world
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NewsInflationary pressure set to lead to an increase in restructuring activity in 2022, warns EY
Supply chain disruption and soaring inflation hit the retail and food & drink industries particularly hard in the latter part of 2021
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NewsLewis Hamilton backs ultra-fast grocery app Zapp as part of $200m raise
The funding will be used to further improve the brand’s customer experience and technology
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NewsCity snapshot: UK companies in financial distress on the rise
The number of UK companies in significant financial distress is rising as government support is withdrawn from beleaguered businesses, according to business advisory firm Begbies Traynor.
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NewsMedia Bites 28 January: Diageo, Greencore, Fever-Tree, Britvic
Trading updates from drinks firms Diageo, Fever-Tree and Brtivic all make the morning papers, with news of a shareholder revolt at Greencore over exec pay.
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NewsGriddle closes six-figure funding round to expand reach of new plant-based waffles
Griddle recently expanded its offering from pancakes to frozen plant-based waffles, which it claimed as a UK first.