All Finance articles – Page 225
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NewsCovid forces closure of Chiltern Foods
The business closed at the end of October with all 28 jobs lost
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NewsSainsbury’s adds Patisserie Valerie cakes to 250 bakery counters
The selection consists of Patisserie Valerie’s 14 top-selling products
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NewsCity snapshot: 2 Sisters owner Boparan raises £475m to bolster turnaround
2 Sisters owner Boparan has raised £475m of new corporate bonds to refinance existing debt and provide a platform to accelerate its turnaround plans. Plus all the rest of the latest news from the City.
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NewsMedia Bites 27 Nov: Black Friday, Hospitality industry, Britvic
Black Friday is expected to smash online sales records this year as struggling retailers slash prices in a desperate attempt to drum up trade
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Analysis & FeaturesWhy is Noble selling Gü and who is lining up to buy it?
A bidding process for the pudding brand is expected to top £100m
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NewsZero-calorie startup Skinny Tonic smashes £1m crowdfund target in 24 hours
The massive overfund will allow the brand, which debuted this year after soft-launching in 2019, to triple production and embark on a massive expansion
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NewsCity snapshot: Britvic confident in recovery after sales and profits plummet in lockdown
Brtivic’s boss has pledged to be at the forefront of the recovery in a soft drinks category slammed by the coronavirus pandemic after revenues and profits slumped at the group. Plus, PZ Cussons appoints a new CFO.
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NewsMedia Bites 26 Nov: Spending review, Living wage, Eat Out to Help Out
The papers respond this morning to chancellor Rishi Sunak’s spending review
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NewsBeer52 explores investment options as lockdown business booms
Craft beer club Beer52 is seeking to tap investors for millions of pounds in funding after lockdown restrictions fuelled soaring demand this year.
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NewsCity snapshot: Nestlé agrees sale of China-based peanut milk brand Yinlu
Nestlé has agreed to sell its China-based Yinlu peanut milk and canned rice porridge businesses to Food Wise Co for an undisclosed sum
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NewsMedia Bites 25 November: Business rates row, Pets at Home, AO.com
Retailers that paid out dividends after a boost in sales during lockdown are under growing pressure to hand back millions of pounds of taxpayer support after the boss of AO World said that executives “should go and ask their mum if she would be proud”.
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NewsCity snapshot: Greencore raises £90m as coronavirus impact drives annual loss
Greencore has raised £90m in a share placement as the impact of the coronavirus outbreak led to a double-digit drop in annual sales and a pre-tax loss of more than £10m. Plus, on the busy morning, trading updates from Cranswick, Compass Group, Pets at Home and all the rest of the latest news from the City.
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NewsMedia Bites 24 Nov: Brexit, Danone, Diageo
A no-deal Brexit would cause more long-term damage to the economy than the coronavirus pandemic, the governor of the Bank of England has warned.
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Comment & OpinionCamden Town Brewery faces identity challenge following full AB InBev integration
AB InBev has done wonders for Camden’s reach. But, as two senior figures take a back seat, the brewer could risk losing its independent character
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Analysis & FeaturesWhat will PAI do with Addo and Winterbotham Darby?
The PE firm aims to create the UK’s best value-added chilled food company
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NewsCity Snapshot: Danone to cut global SKU count by up to 30%
French food group Danone is to cut its product range by up to 30% in a cost-cutting effort to return to profitable growth in 2021
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NewsMars blames virus outbreak for 2020 profit and sales slowdown
The coronavirus crisis exacerbated a tough 2020 for the UK arm of the company
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NewsLDC exploring sale of Hill Biscuits after investment boosts
The private equity firm has engaged Clearwater International to explore its options
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NewsMedia Bites 23 Nov: Gu Puds, ‘Junk Food’ Ads, Black Friday
Gu Puds, one of Britain’s best-known desserts brands, is being put up for sale by giant egg producer Noble Foods
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NewsCity Snapshot: Early Christmas shoppers boost October retail sales
Retail sales continued to rise in October despite the second wave of the coronavirus outbreak as early Christmas shoppers looked to beat renewed Covid lockdowns