All Finance articles – Page 226
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NewsMedia Bites 20 Nov: Coffee pods, PlayStation 5 launch, Naked Wines
The manufacturers of the UK’s three biggest coffee pod brands have joined forces to set up the sector’s first national recycling scheme, in the face of a backlash against single-serve capsules, many of which end up in landfill. Nespresso and Nescafé Dolce Gusto owner Nestlé and Tassimo ...
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NewsWholesalers Dovey Premium Products and Brookside Foods collapse in wake of lockdown
Two family-owned meat wholesalers have been forced to cease trading after suffering a business collapse during the pandemic
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NewsCity snapshot: Naked Wines sales soar as consumer discover online wine
First-half revenues at Naked Wines have soared 80% to £157.1m as consumers flocked to online as the coronavirus outbreak hit the UK. Plus Vimto maker Nichols is considering redundancies across its operations as the Covid pandemic continues to hammer the soft drinks market; European supermarket group Ahold Delhaize acquires online US grocer FreshDirect, and a trading update from Finsbury Food Group.
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NewsMedia Bites 19 Nov: Coca-Cola/Schweppes, Inflation, Northern Ireland foods
Coca-Cola has quietly pulled the plug on its posh tonic as Schweppes 1783 has been scrapped
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NewsPremium dog food brand Edgard & Cooper secures £16.5m to back European growth
The Belgian brand has received backing from international investors The Craftory and DLF Venture
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NewsQueen’s ham supplier Dukeshill Ham Co bought by PE player GC Investment Partners
Neale and Sarah Hollingsworth, who have led the fine foods business since 1998, will remain with the business and work alongside the new owners
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NewsCity snapshot: Delayed harvests hit revenues at Origin Enterprises
International agri-services group Origin Enterprises has experiences a double-digit revenue drop in the first quarter as delayed harvests hit revenues. Plus, Wynnstay upgrades full year profit expectations, British Land loses £730m and all the rest of the latest news from the City.
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NewsMedia Bites 18 November: Asda, Unilever, Imperial Brands
Shoppers are stocking up on festive groceries earlier than ever with Asda reporting a surge in frozen turkeys and “lockdown proof” items alongside a slowdown in quarterly sales.
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NewsAB InBev plans integration of Camden Town Brewery in big shake-up
Founder Jasper Cuppaidge will step back from the business into a consultant role, while CEO Adam Keary will leave in March
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NewsCity snapshot: Profits and sales rise at Imperial Tobacco as lockdowns boost tobacco consumption
Imperial Tobacco has posted a rise in annual sales and profits despite a collapse in duty-free travel sales as coronavirus lockdowns have boosted at home tobacco consumption.
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NewsMedia Bites 17 November: Walmart, Pret, Hut Group, Mitchells & Butler
Walmart has agreed to sell a majority stake in its Japan supermarket chain Seiyu in the latest move by the world’s biggest retailer to reshape its footprint outside the US (The Financial Times £). Private equity group KKR will acquire 65% and Japanese ecommerce company Rakuten will ...
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NewsMPowder secures £500k seed funding from Reckitt Benckiser and backers
Ecommerce start-up MPowder, which produces nutritional powders for women going through the menopause, has closed a £500,000 funding round, with investors including Reckitt Benckiser.
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NewsMedia Bites: Supermarkets/Business rates, Christmas trading, Walmart
Big supermarkets should hand back almost £2bn in business rates relief on offer during the coronavirus pandemic, according to a former minister
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NewsCity snapshot: Tesco Extra and Aldi store picked up for £63m by Supermarket Income REIT
Real estate investment firm Supermarket Income REIT has purchased a Tesco Extra shed and an Aldi store from British Land for £63m.
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NewsMindful Chef predicts surge in demand after sale of stake to Nestlé
CEO Tim Lee told The Grocer turnover had surged to £50m during the coronavirus crisis
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NewsPAI unites Addo and Winterbotham Darby
The two businesses will continue to run independently for the time being, but will be brought together at a later date
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NewsCity snapshot: Profits soar at EG Group despite fuel sales drop
EG Group, the new owner of Asda, has reported a surge in earnings in the third quarter despite a decline in revenues due to lower fuel sales.
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NewsMedia Bites 13 Nov: EG Group, B&M, WH Smith
The new owners of Asda have raised hundreds of millions of pounds by selling a stake in EG Group
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NewsCMA fast-track Crowdcube merger with Seedrs straight to in-depth phase 2 investigation
The UK’s competition watchdog has kicked off an in-depth investigation into the merger of crowdfunding platforms Crowdcube and Seedrs after finding causes for concern.
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NewsCity snapshot: Lockdown and Covid costs drive WH Smith to £280m loss
WH Smith has fallen to a £280m loss as the due to the coronavirus-driven closure of stores and a slump in its travel business.