All Finance articles – Page 33
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NewsMedia Bites 3 June: Nestlé, grocery market share, Ocado
The chief executive of Nestlé said feeding ageing populations had become a major priority
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NewsNewlat backtracks to meet £700m Princes asking price
The owner of canned giant Princes struck a £700m deal this week with Newlat as the Italian food group went back on an earlier decision to walk away from the deal
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Analysis & FeaturesSainsbury’s forecast data fees: shades of Tesco’s fulfilment fee fiasco?
Sainsbury’s is now charging for forecast data it previously provided for free. Suppliers say it’s a cash grab, but it could become the new normal
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NewsCity snapshot: Improved weather drives uptick in UK grocery sales
UK supermarket sales remained strong in May, rising 3.3% as shoppers responded to the warmer weather to drive value sales growth to a two-month high
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NewsMedia Bites 31 May: retail footfall, Daylesford Organic, Red Bull
Retail footfall across the UK remains well down on last year as bank holidays and improving weather failed to lure customers
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NewsSymington’s profits surge but uncertainty arises over CEO departure
Alongside the latest accounts for the year ended 31 December 2023, filings at Companies House also showed CEO Christian Boulter is no longer a director at the company
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NewsAsda announces £50m store upgrade programme
The programme, starting at the Long Eaton store in Nottingham, will cover 170 stores in total and is expected to complete by the end of November
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NewsBulk shapes up for more growth following record year
An increase in the popularity of strength training has lifted DTC nutrition brand Bulk to a record performance as revenues jumped 30% to £123.1m in 2023
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NewsCity snapshot: UK retail footfall sees biggest bounce back since 2021
Footfall in UK retail destinations saw the strongest rise since 2021 as shoppers returned to the high street
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NewsMedia Bites 30 May: Boots, loyalty cards, M&S
Profits at UK pharmacy chain Boots soared last year, driven by beauty sales and more shoppers visiting its stores
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NewsGousto returns to the black as it prioritises profits over growth
Revenues were almost flat year on year in 2023, nudging up by 1% to £308m as the recipe kit business turned off the tap for customer acquisition to focus on retention and save money
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NewsM&S announces Alison Dolan as new CFO
Dolan is currently CFO of leading digital property portal Rightmove, a post she has held since 2020
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NewsBear launches £2m crowdfunding round to expand coffee chain nationally
Schoolfriends Craig Bunting and Michael Thorley founded the business in 2014 and opened the first Bear site in their hometown of Uttoxeter in 2016
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NewsAnglesey cheese plant Mona Dairy on brink of collapse
Directors at the plant said they had failed to source sufficient short-term funding for it to keep functioning in its current form
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NewsValeo Foods hits the acquisition trail once again with takeover of Dal Colle
Valeo Foods Group is back on the acquisition trail with a deal to buy Italian bakery producer Dal Colle as the ambient giant looks to build a platform across Europe
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NewsNomad Foods hires new CFO to succeed Samy Zekhout
Frozen food giant Nomad Foods has appointed Ruben Baldew as chief financial officer to succeed Samy Zekhout, who is leaving to explore new opportunities
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NewsMedia Bites 29 May: Ocado, Fever-Tree, Online food delivery
Ocado is set to drop out of the FTSE 100 after six years. as it is poised to get booted out when the latest reshuffle takes place in June
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NewsCity snapshot: Profits tumble at Pets at Home despite sales growth
Profits have fallen at Pets at Home despite revenues growing at the petcare retailer, but the group still held its forecast for the new financial year
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NewsMelrose & Morgan appoints liquidators and closes north London sites
‘It is with huge regret that we have to advise you that the company is not in a position to continue trading,’ states an email sent to employees
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Comment & Opinion£700m for Princes suggests the deal famine could be over
After plenty of twists and turns, Japanese conglomerate Mitsubishi has secured a deal to sell its canned food giant Princes in a deal that augurs well for the long-awaited uptick in food and drink dealmaking to finally take hold