All Finance articles – Page 176
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NewsKraft Heinz price hikes lifts 2021 profits expectations
Kraft Heinz has raised profit expectations for the year as a hike in prices and sustained at-home demand helped the US food giant battle escalating inflation.
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NewsCity snapshot: AB InBev raises profit forecast as sales exceed pre-pandemic levels
The world’s largest brewer AB InBev has raised its full year profit expectations after sales surged past pre-pandemic levels on volume and price growth in its third quarter. Plus updates from C&C Group, Virgin Wines and DS Smith.
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NewsOcean Saver ramps up mission to eliminate single-use plastic with crowd backing
Eco cleaning start-up Ocean Saver has surpassed its £1m crowdfunding goal to increase brand awareness and invest in NPD.
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NewsMedia Bites 28 October: Budget, Heineken, Brexit, John Lewis
The focus was squarely on yesterday’s Autumn Budget statement in the papers this morning.
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Analysis & FeaturesBudget 2021: food and drink industry has its say
Reactions from industry to Chancellor Rishi Sunak’s Budget announcements have been largely positive, praising the relief action taken to ease pressure on businesses after nearly two years of pandemic-related squeezes
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Comment & OpinionWhat we learned in the Autumn Budget 2021: from business rates to alcohol duty reforms
Business rates will be cut but not overhauled, while alcohol duty is in for a more radical reform
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NewsPlastic-free gum brand Milliways lands £1m cash injection
The brand has completed a funding round from investors with an eye to expanding its distribution in the UK
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NewsMorrisons ends 54-year run as public company as CD&R takes control
Morrisons has officially ceased trading as a publicly listed company after more than 50 years on the London Stock Exchange
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NewsMara Seaweed to cast net further overseas following funding boost
Domestic and international demand for high-quality seaweed for use as a food source and health supplement is on the rise as consumers seek out nutrient-rich alternative protein and sustainable seafood, according to the business, which launched in 2013.
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NewsFood prices climb higher as soaring costs slams industry
Food inflation has ramped up to its highest level since November 2020 as spiralling costs led to higher prices on supermarket shelves, with fresh food becoming more expensive for the first time in ten months.
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NewsMedia Bites 27 Oct: THG, Reckitt Benckiser, Morrisons
Another £1bn was wiped off THG’s market value yesterday as investors seized on signs of slowing growth and margin pressure
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NewsCity Snapshot: Heineken warns of price rises as it battles on several fronts
Dutch brewing giant Heineken is the latest fmcg group to warn of higher prices in the face of rising costs and supply chain challenges as volumes slumped in its third quarter. Plus, Morrisons shares have been delisted from the London Stock Exchange, with a number of the board stepping down; food inflation accelerates in October; and Kerry Group updates on Q3.
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NewsPurearth lines up healthy £650k crowdfunding round
Launched in 2012 by Angelina Riccio and Tenna Anette, the business specialises in organic health drinks, from ‘immune boosting’ wellness shots and plant-based broths to nut milks, cold-pressed juice, cleanse programmes and a dairy-free ‘water kefir’ range, which it claimed as a UK first.
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NewsCity snapshot: Reckitt raises sales expectations as cold and flu sales rebound
Reckitt Benckiser has raised its full year revenue forecast after a stronger third quarter than expected as sales volumes and pricing both increased in the period. Plus, THG strenghtens board as third quarter growth slows.
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NewsMedia Bites 26 October: Just Eat Takeaway, HGV crisis, living wage, Tesco
A top investor of Just Eat Takeaway has launched another attack, urging the food delivery company to sell its recently acquired Grubhub to improve the group’s share price.
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NewsAllplants to use ‘record-breaking’ funding to scale up
Frozen vegan meals brand Allplants has announced plans to scale up further after securing a third record-breaking funding round
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NewsHealthier doughnut brand Urban Legend closes first multimillion-pound fundraising
Urban Legend is the first brand to be launched by former Graze CEO Anthony Fletcher’s Believe in Science
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NewsMedia Bites 25 October: Tesco, Beyond Meat, Sainsbury’s
Tesco has been hit by hackers, leaving thousands of frustrated shoppers unable to buy groceries online at Britain’s biggest supermarket
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NewsCity Snapshot: Tesco website back online after weekend cyber attack
Tesco has fixed the issues plaguing its website and app over the weekend, with the online service back up and running again today.
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NewsNestlé leads the pack of consumer giants growing despite inflation
Global fmcg players proved this week mounting inflation is not necessarily a barrier to growth, but warned that consumers will have to get used to higher prices