All Finance articles – Page 17
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Food & drink deals boosted by budget tax worries in 2024
M&A activity in food & drink picked up significantly in 2024, with volumes driven higher in October as businesses raced to push through deals ahead of anticipated budget tax hikes by Rachel Reeves
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THG predicts growth in 2025 following Ingenuity demerger
Sales at THG have fallen in the final quarter of 2024 as the group completed its demerger of the Ingenuity platform
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Chapel Down hails ‘strong Christmas’ with off-trade sales recovery
Supermarket sales have improved after a dismal first half showing
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Associated British Foods cuts guidance due to tough UK market
Morgan Stanley and Citi both lowered their ratings on ABF this week due to concerns over Primark’s sales outlook
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Competition watchdog chair replaced by ex-Amazon boss
The competition watchdog failed to convince ministers it was sufficiently focused on growth
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BrewDog founder James Watt launches Dragons’ Den-style reality TV show
The £2m prize was ’the largest in UK television history’, Watt claimed
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AlphaPet Ventures adds JR Pet Products to growing roster
The acquisition is AlphaPet’s fourth since 2020 as it looks to become a leading provider of premium petfood
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Cooks Coffee UK expansion gets off to slow start
The owner of Esquires Coffee set out plans last year to hit 305 stores by 2035
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Oddbox moves closer to profitability after business reset
The wonky veg box company has seen sales falter with three successive years of falling revenues
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City snapshot: Premier Foods and Cranswick boosted by premium desire
Premier Foods raised its profit guidance after a strong Christmas quarter for its branded products, while Cranswick said its premium lines did ‘extremely well’.
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Cranswick celebrates record Christmas as shoppers go premium
The meat processor said its premium value-added products performed ‘extremely well’ in the 13 weeks to 28 December
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Premier Foods lifts profit guidance after merry Christmas quarter
Premier said there was a notable increase in premium sales
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Doughboys Pizza offers 10% slice to Peter Jones on Dragons’ Den
Doughboys Pizza is ready to expand its supermarket presence after walking out of Dragons’ Den with the backing of Peter Jones
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Caffè Nero records highest day of sales in ‘record’ Christmas
The chain recorded positive Christmas results, with sales up from the same period last year
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Poundland owner reportedly appoints City advisers to explore options
Pepco Group is said to have engaged AlixPartners to explore options for arresting Poundland’s sales slump
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AG Barr hires Dino Labbate for CCO role following Britvic exit
Labbate is one of a string of high-profile departures from Britvic this month
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City snapshot: Higher palm oil prices drive profits performance at MP Evans
MP Evans is set to report “strong” results for 2024 thanks to a boost to palm oil prices during the year. Plus, Poundland set for radical restructure and Britvic shares cease trading on London Stock Exchange. And this week’s City diary
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Britvic CEO Simon Litherland stands down as Carlsberg merger completes
Former CMBC boss Paul Davies will head up the new company
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Harry Kane-backed breakfast brand 3Bears makes UK debut
Its range of overnight oats mixes, porridges and snack bars are now available to order DTC
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City Snapshot: McBride shares soars as dividend reinstated on strong trading performance
Shares in McBride have surged this morning as the own-label household cleaning products supplier guided for a continued improvement in profitability and higher revenues. Plus, ONS retail sales data for December and Aldi reveals London expansion