All Finance articles – Page 363
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News
William Jackson buys premium vinegar and olive oil brand Belazu
The transaction marks the Yorkshire-based group’s second deal since its sale of Aunt Bessie’s in June
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City snapshot: Lower pig prices hold back Cranswick’s first half growth
Protein supplier Cranswick has posted first half revenue growth of just 0.6% as export sales fell back. Plus, Greggs upgrades full year expectations on strong autumn trading and William Jackson Food Group agrees to buy premium olive oil brand Belazu.
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Waitrose downsizes Tesco price-match promise
Waitrose’s Brand Price Match now covers 1,200 lines instead of 8,000
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Cake Box half year profits jump 34% in first post-IPO trading update
Cream cake retailer Cake Box saw adjusted profits surge 34% in its first half year results since launching its IPO on the AIM market in June
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News
Media Bites 26 November: Retail sales, 2 Sisters, Waitrose
Black Friday weekend was difficult for UK retailers with footfall in shops down sharply
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Analysis & Features
Italian wine retailer Vini Italiani rescued from administration
Italian wine specialist Vini Italiani has been rescued from administration in a deal saving 20 jobs.
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News
'Skinny' alcohol brands look to the crowd to tap interest in healthier drinking
Two ‘skinny’ alcohol brands are looking to raise expansion capital to cash in on growing demand for healthier booze alternatives.
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Analysis & Features
City News: Majestic Wine's turnaround hits the buffers
Majestic Wine investors were nursing a sore head on Thursday as the retailer plunged to a half-year loss three years into its supposed turnaround plan.
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News
Profits slide 25% at Stateside Foods
The supplier saw pre-tax profit slide 25% to £5.2m for the year ended 28 Feb 2018
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News
Plant-based supplier Gosh hires advisors to explore sale
The supplier has hired corporate finance firm Houlihan Lokey to “consider strategic options”…
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Sourced Market smashes £750k crowdfund target
The upmarket retailer and deli business hopes to grow to 20 stores in the next five years
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Tulip cuts 100 staff as profits continue to fall
Turbulence on the world market, low global prices for pork and a strong euro have battered profits
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Grocemania raises £77k in crowdfunding for expansion
The funds include nearly £20k from the firm’s director and founder
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City snapshot: Plant-based food producer Gosh eyes potential sale
Plant-based food producer Gosh is plotting a potential sale after hiring advisors. Plus Origin Enterprises delivers 24% first quarter sales jump and all the rest of the latest news from the City.
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News
Media Bites 23 Nov: Majestic Wine, Black Friday, WH Smith
Majestic Wine admitted today that it is stockpiling wine, amid fears that a ‘no deal’ Brexit could lead to gridlock at ports and disrupt deliveries.
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News
Founder of Five Pound World was jailed for tax fraud
Dev Singh, whose real name is Gurkirpal Singh Bance, was sentenced to three years in prison for cheating the taxman out of £500k
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Comment & Opinion
Governance standards must improve to avoid accounting issues
Recent events at Patisserie Valerie underline the need for a drastic improvement in corporate governance standards
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News
Craft beer sales top £100m as retailers get more exclusive
Take-home craft beer sales have grown by almost a third over the past year, exclusive data reveals
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Majestic slips to first half loss amid Naked investment and “sluggish” UK market
Majestic Wine has fallen to a first half loss of £0.2m as investment in growth and the “tough” retail market were a drag on performance.
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Media Bites 22 Nov: SSP Group, Patisserie Valerie, Oat milk
Shares in Upper Crust owner SSP Group plunged after retail veteran Kate Swann revealed she is stepping down in May.