All Finance articles – Page 31
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NewsMedia Bites 13 June: M&S, economy, Kroger
It’s a very quiet morning in the papers for fmcg news
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Comment & OpinionFrom inflation to innovation: the tide is turning for fmcg
The fmcg industry can finally get back to what it does best: differentiated innovation that excites consumers, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsCommon Drinks raises six-figure funding to launch functional drinks range
Functional drinks startup Common has bagged a six-figure investment from a clutch of fmcg heavyweights as consumer demand for health-focused beverages continues to grow
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NewsBrewDog founder and former CEO James Watt backs Living Things soda
Watt would help scale the business and open export opportunities, Living Things said
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NewsMedia Bites 12 June: supermarket bread, Diageo, BHS
Four major UK supermarkets accused of misleading ‘freshly baked’ bread claim
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NewsCity snapshot: Euro 2024 to net retailers a sales boost
Retailers are set to score a spending boost as Euro 2024 kicks off on Friday with Scotland taking on host nation Germany. Plus, losses widen at spirits group Distil
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NewsDiageo sells majority stake in Guinness Nigeria
Diageo has sold a controlling stake in its Nigerian Guinness operation to its distributor in the country in a deal worth about $70m (£55m)
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NewsMedia Bites 11 June: Boots, Asda, Chill Brands
The papers follow up Bloomberg’s story that Walgreens Boots Alliance has shelved plans for a London float of Boots
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NewsCity snapshot: Cake Box posts ‘positive’ sales and profit growth
Egg-free cake chain Cake Box has posted a rise in annual sales in profits as it continues to grow its store estate and drive organic growth
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NewsFood manufacturers see revenues drop 9% in the first three months of 2024
British food manufacturers are still under immense economic pressure
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NewsWelsh cheese producer Mona Island Dairy appoints administrators
The business had warned last month that it could no longer trade, citing a lack of investment
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NewsCity snapshot: Greggs to build frozen factory and create 600 jobs
Greggs has announced it will build a purpose-built frozen production and logistics factory in Derby to boost capacity for up to 3,500 shops in the UK
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NewsMedia Bites 10 June: Asda/Issa brothers, C&C Group, THG
Zuber Issa has finalised a split from his brother Mohsin by selling his stake in Asda to the supermarket chain’s private equity backer
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NewsCity news: B&M shares wobble despite record sales and profits
Shareholders were spooked by a lack of clarity on guidance and current performance
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NewsFox’s Burton’s makes return to profitability as branded sales soar
Biscuits giant Fox’s Burton’s returned to underlying profitability in its most recent financial period as it increased UK market share and export sales
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NewsTDR Capital becomes majority Asda owner by buying out Zuber Issa
TDR Capital has agreed to increase its stake in Asda to become majority owner after buying out the shares owned by Zuber Issa
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NewsCity snapshot: C&C Group CEO departs over historic accounting errors
Drinks supplier and distributer C&C Group has announced the departure of its CEO after posting delayed accounts due to the discovery of accounting errors
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NewsMedia Bites 7 June: Tesco/Booker, Fever-Tree, Unicef
A privately owned wines and spirits merchant has been sold to Tesco’s wholesale division for an undisclosed sum. Venus, the family business that owns the Gerry’s spirits shop in Soho, central London, has been bought by Booker as Tesco seeks to sell more premium beer, wines and ...
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NewsBritish Corner Shop to make a comeback
The online platform for British goods had closed earlier this year due to Brexit and Covid-19 impacts
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NewsMeal kit startup WowzaBox raises cash as it eyes retail listings
Chinese food meal kit start-up Wowzabox has hit a £150k crowdfunding target as it eyes expanding into the retail channels