All Finance articles – Page 28
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NewsCity snapshot: Christmas shopping starts early as Brits fear costs
Almost half of consumers started Christmas shopping before November with 53% worried about how they will afford the festive season, according to the EY Holiday Shopping Survey. Retailers seem to be alert to the trend with festive promotions starting earlier this year.
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NewsEmbattled tea maker Typhoo prepares to call in administrators
Typhoo’s flagship namesake tea is growing in UK retail, but the wider business has struggled in recent years
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NewsMedia Bites 15 November: Ben & Jerry’s, UK pubs, WH Smith, Post Office
Ben & Jerry’s is suing its parent company Unilever, accusing the behemoth of blocking it from making public statements of support for Palestinian refugees
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NewsCity snapshot: Nomad Foods downgrades profit guidance due to technical disruption
Nomad’s sales were hit by ERP disruption, the software used by companies to organise their operations that is notorious for causing problems. In 2021, similar issues at Walkers led to a multi-month crisp shortage.
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NewsLittle Freddie babyfood pouches contain almost double advertised sugar levels
Little Freddie babyfood pouches have been found to contain higher levels of sugar than stated on pack labelling, with some products having almost double the amount of sugar listed in the nutritional information
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NewsWH Smith’s profits surge on travel growth
Profits from shops in the UK’s railway stations, airports and hospitals rose by 20%
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NewsBudget tax raid ‘not significant for us’, says Premier Foods CEO
Premier has estimated the cost of the changes and says ‘it’s not a huge number’
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NewsJust Eat finally finds buyer for Grubhub
It has sold Grubhub for $650 million, just four years after buying the US food delivery app for $7 billion.
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NewsMedia Bites 14 November: Homebase, Just Eat, Asda market share
The demise of struggling retailer Homebase is one of the main topics of coverage for the nationals this morning
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NewsCity snapshot: Premier Foods boosted as shoppers switch back to brands
Premier Foods has grown first-half sales supported by double-digit volume growth as consumers switched back to brands. Plus, annual results at WH Smith and interims at B&M Bargains
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NewsSamworth Brothers puts Soreen up for sale
The Leicestershire-headquartered group is working with long-standing financial advisor Spayne Lindsay to explore a sale of the business
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NewsMorrisons own-label bakery Rathbones sinks to a loss as Hovis speculation mounts
Newly filed accounts at Companies House from Rathbone Kear Ltd revealed the own-label supplier increased revenues 13% to £70.5m in the 52 weeks ended 29 October 2023
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NewsEG Group clears immediate debt burden with sale of UK forecourts
Founded by the Issa Brothers in 2001, EG Group is several billion pounds in debt
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NewsKestrel Foods sustains rapid ascent amid stagnant snacking sales
Kestrel Foods was ranked among the top 50 fastest-growing brands this year
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NewsYF hires Rob Dixon as commercial services director
Dixon will lead YF’s commercial team, responsible for sourcing and scaling high-potential brands
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NewsASA in crackdown of ‘misleading’ adverts by wine investment companies
The rulings are part of a wider body of work by the watchdog around unregulated investments
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NewsMedia Bites 13 November: Post Office, grocery inflation, M&S vs Waitrose
Plans for the Post Office have been revealed, one year after the TV drama brought the scandal to the public attention
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NewsCity snapshot: Just Eat sells Grubhub for $650m
Just Eat bought the company for over $7bn less than four years ago. The markdown reflects the company’s poor performance since then as it struggled to compete with rivals like Uber Eats. Also, cautious shoppers are reigning in their food bills ahead of Christmas