All Finance articles – Page 66
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NewsCity snapshot: ‘Supermarket powerhouse’ Asda boosts annual sales and profits
Asda has generated underlying profits of more than £1bn as sales increased for four consecutive quarters in 2023. Plus, vape supplier Chill Brands suspends CEO amid regulatory concerns; and a full-year trading update from PayPoint.
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NewsCity News: B&M sales jump 10% but City remains unconvinced
Discount retail group B&M European Value reported an annual sales jump of over 10% this week, but concerns swirled in the City over the rate of growth slipping back in its final quarter despite a boost from the early Easter
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NewsAnother year of profit for Thorntons after closure of store estate
Chocolatier Thorntons has posted another year of profit growth after shuttering its loss-making store estate
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NewsCampaign group ShareAction defiant after losing Nestlé HFSS vote
An attempted rebellion led by campaign group ShareAction would have made Nestlé dramatically increase the ratio of healthy food it offers consumers
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NewsCity snapshot: Retail sales flatline in March as food sales fall back
Retail sales volumes were flat in March, despite the boost from an early Easter, as sales in food stores fell
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NewsMedia Bites 19 April: Nestlé, dairy pollution, Deliveroo
Campaigners pushing for Nestlé to make its products more nutritious landed a modest blow on the world’s biggest food company yesterday when 11% of shareholders backed their resolution
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NewsSmol losses increase amid investment drive
Revenues raced 27% higher to £31.2m in the year to 30 June 2023 as it served more customers and registered higher spending, supported by new product launches, according to its latest accounts
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NewsMajor growers report turbulent weather toll
Results posted this month at Companies House by Huntapac Produce and Puffin Produce cited weather issues as key challenges to profitability
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NewsBiotiful Gut Health returns to profitability as kefir sales boom
Revenues jumped 22% to £23.8m in the year to 30 March 2023 at the market-leading kefir brand
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NewsCity snapshot: Danone posts ’good start to the year’ as Q1 sales rise
French dairy giant Danone has posted ‘broad based’ first quarter growth of 4.1% as sales volumes grew to start its financial year
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NewsMedia Bites 18 April: inflation, Holland & Barrett, lab-grown sausages
The latest inflation data is the main business story in a quiet day for fmcg in the papers
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NewsThe Artful Baker collapses under weight of cost pressures
The Dorset-based business, which also starred on Channel 4’s Aldi’s Next Big Thing, appointed liquidators from Leonard Curtis on 5 April after experiencing cashflow issues in recent months
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NewsFive Points Brewing celebrates successful crowdfunding round to boost beer capacity
Five Points Brewing is set to boost its brewery and taproom capacity after surpassing a six-figure crowdfunding target
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NewsMosa Meat raises €40m as it readies lab-grown beef launch
The business will use the money to further scale up production processes and prepare to launch its cultivated beef to consumers in Singapore
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NewsMedia Bites 17 April: Getir, DS Smith, B&M
Getir is weighing a string of asset sales as part of crunch restructuring talks
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NewsCity snapshot: Inflation eases as crumpet and meat prices fall
Inflation has continued to ease in the UK as the price of certain food products started to fall. Plus, Just Eat Takeaway hailed a good start to its new financial year thanks to accelerating growth in the UK and Ireland
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NewsBold Bean Co founder Amelia Christie-Miller wins six-figure young entrepreneur prize
Christie-Miller won £150k to support Bold Bean’s growth from EasyJet founder’s Stelios Philanthropic Foundation
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NewsUnrooted raises another £1.2m to boost growth
A majority of the money was raised from existing investors, but the round also saw former Diageo boss Paul Walsh join the business as a strategic advisor
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NewsCity snapshot: B&M annual sales up 10% but growth slows in 2024
Discount retail group B&M European Value grew annual revenues by over 10% to £5.5bn, but the rate of growth has slipped back in the final quarter of its financial year
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NewsMedia Bites 16 April: food prices, Pret a Manger, Bloom & Wild
Shoppers are facing “difficult” increases in food prices because of a wet winter that left fields underwater, a farming leader has warned