All Finance articles – Page 210
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NewsBurleighs Gin raises £250k to support new product launches
The Leicestershire brand, which produces a core range of four London dry gins, secured the investment from the Midlands Engine Investment Fund
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NewsJiffy bags £2.6m funding to launch online supermarket
The company’s first dark store will open in London this month offering a total range of 2,000 SKUs
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Comment & OpinionHow fmcg is using M&A to achieve sustainability objectives
Strategic M&A offers a suitable and agile bridge to achieving sustainability targets, says KPMG’s Nicola Longfield
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NewsMedia Bites 17 March: Greggs, Visa, Ocado
Greggs is pushing ahead with ambitious plans to open 100 new shops this year despite falling to its first loss in 37 years as a public company
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NewsCity snapshot: SSP Group launches £475m rights issue as it readies for slow Covid recovery
Upper Crust owner SSP Group is planning to raise £475m from shareholders in a rights issue to strengthen the balance sheet and prepare for a recovery from the coronavirus pandemic as lockdown restrictions begin to lift. Plus, Dutch dairy company FrieslandCampina agrees jv with Egyptian cheese maker to focus on the exports to Africa and the Middle East. And Science in Sport reports full-year results.
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NewsCity snapshot: Greggs falls to first loss as store closures drive 36% sales drop
Bakery and food to go chain Greggs has reported its first loss since it floated in 1984 as the coronavirus and resultant store closures hammered sales. Plus, Bakkavor sales drop in UK convenience sector falls, C&C Group sells US cider brand and all the rest of the latest news from the City.
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NewsMedia Bites 16 March: Thorntons, Iceland, Danone, Deliveroo
The decision by Thorntons to close all 61 of its physical stores after suffering through the Covid pandemic is covered by the papers this morning.
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NewsFarmer Connect raises $9m to meet surging supply chain demand
The investment would be used to capitalise on demand for sustainable, inclusive and efficient agriculture supply chains
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NewsThorntons to permanently close all stores to focus online
Chocolatier Thorntons is set to disappear from the high street following a decision to close down its remaining network of 61 stores, putting more than 600 jobs at risk.
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NewsUlrick & Short snapped up by Swedish investment house Novax
Based in Yorkshire, Ulrick & Short supplies food manufacturers with a wide range of clean label and plant-based ingredients.
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NewsFarmison profits from surge in online shopping in best-ever year
Revenues more than doubled to £12.1m in the nine months to 31 December 2020, compared to £5.4m in the whole of 2019.
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NewsCity snapshot: Danone ousts Faber for clean break
Danone has ousted chairman and CEO Emmanuel Faber as it continues to shake up the board following pressure from activist investors. Plus, Deliveroo revealed it would raise approximately £1bn of new money in its upcoming flotation on the London Stock Exchange.
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NewsMedia Bites 15 March: Danone, Pret/Tesco, High Street closures
Danone’s board of directors has decided to replace Emmanuel Faber as both chief executive and chairman, blowing up a two-week-old compromise
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NewsDeliveroo loss during favourable conditions raises City eyebrows
The UK-based online meal delivery giant said on Monday that surging demand for takeaways during 2020 had helped Deliveroo narrow losses
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NewsParsley Box kicks off IPO after pandemic boosts consumer take-up
The long-life ambient ready meals business for the over-60s has benefited from consumers turning to online meal providers
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NewsCity snapshot: Property giant Hammerson posts £1.7bn loss amid coronavirus slump
The UK’s biggest shopping centre owner Hammerson has posted a £1.7bn annual loss as the coronavirus pandemic has slashed the value of its portfolio and rental income plummeted.
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NewsMedia Bites 12 March: Morrisons, JLP, EU trade
Morrisons said it expected profitability to recover this year, despite profits halving due to the costs of the pandemic
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NewsVibrant Foods expands into chilled with acquisition of Everest Dairies
Vibrant was created in 2020 as a platform to consolidate the Asian and free-from markets
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NewsWyke Farms reports record turnover
The cheesemaker saw sales top £107m in the 12 months to 31 March
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NewsCovid profits plunge is a ‘badge of honour’ says Morrisons CEO Potts
Morrisons was hit by £290m of Covid-related costs and almost £40m to restructure its online business