All Finance articles – Page 68
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NewsFresca Group boasts of strong year as it invests in Thanet Earth
The group saw annual sales growth of 7.9% in its latest results for the fiscal year 2022-2023
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NewsMedia Bites 23 October: UK retail, Pret a Manger, John Lewis Partnership
High streets are in the grip of a ‘retail recession’, economists have warned, after shop sales slumped unexpectedly rapidly in September
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NewsCity Snapshot: ‘Unwavering commitment’ in London sees Lidl become capital’s third biggest supermarket
Lidl has overtaken Asda to become the third largest supermarket in London, hitting a market share high of 9.1%.
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NewsCity snapshot: Treatt seeks new CEO as Daemmon Reeve retires
Drinks ingredients supplier Treatt has kicked off a search for a new CEO after Daemmon Reeve informed the board of his decision to retire from the role he has held for the past 11 years. Plus, retail sales register bigger-than-expected drop in September and consumer confidence plunges in October.
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NewsMedia Bites 20 October: shoplifting, Nestle, Deliveroo
Shoplifting has hit a record high of 1,000 offences a day, an unprecedented 25% increase in a year, official figures showed on Thursday.
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NewsCity News: Nestlé shares sink as shoppers baulk at continued higher prices
Shares in Nestlé sank on Thursday as the world’s biggest food group revealed lower-than-expected sales growth in the first nine months of 2023.
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NewsBirds Eye back in growth as shoppers switch to frozen lines
Birds Eye has returned to sales growth as it raised prices to offset inflation and benefitted from cash-strapped shoppers switching from fresh to frozen.
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NewsIndian restaurant Gymkhana plots retail rollout for at-home Michelin starred range
The renowned Indian restaurant has raised $3m (£2.5m) to bring its Michelin star food to the grocery channel
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ProfilesMy Alternative CV: Whitebox Cocktails’ Ben Iravani on Tupac and brutal honesty
‘There needs to be more support for up and coming brands that can show traction. The big boys always dominate financially which makes it very hard to get seen’
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NewsCity snapshot: Nestlé revenues decline as pressure remains on volumes
Revenues have fallen at Nestlé in the first nine months of 2023 as falling volumes and currency headwinds outweighed higher prices at the Swiss food giant. Plus, Deliveroo reports Q3 update, Science in Sport CEO steps down, McBride profitability jumps despite volatility, Pernod Ricard reports ‘soft’ Q1 and Gusbourn has record harvest.
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NewsMedia Bites 19 October: Sainsbury’s, Asda, inflation, Amazon
Sainsbury’s is axing all of its remaining recycling centres at around 250 of its stores across the UK, despite boasting of its commitment to making it easier for customers to recycle.
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NewsBooths reports fall in profits as inflation bites
Executive chairman Edwin Booth had previously warned that performance could slow down
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NewsS-Ventures seeks £2.5m funding to turn around fortunes
Embattled fmcg investment firm S-Ventures has kicked off a fundraising effort to bring in at least £2.5m to bolster working capital and help cut costs and drive efficiencies
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NewsSamworth Brothers hires new CFO to replace outgoing Steve Bailey
The food group has appointed Charles Noble as chief financial officer to take over from Steve Bailey when he retires at the end of the year
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NewsAB World Foods adds Capsicana to its international spice mix
The Patak’s and Blue Dragon owner has expanded its repertoire of international brands with the acquisition of the Latin American sauce challenger
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NewsCity snapshot: Food prices fall for first time in two years
Food prices have fallen for the first time in two years in September to keep the overall UK rate of inflation steady at 6.7%. Plus, Just Eat Takeaway lifts annual profit forecasts and Cake Box issues a first-half trading update.
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NewsMedia Bites 18 October: THG, food banks, corner shops
The main fmcg story on a quiet news days is the THG third-quarter results.
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Comment & OpinionWhy grocery assets are an active sector for investment
The continued optimism from the leading grocery brands is driving a welcome uptick in investment volumes, says Martin Supple, head of out of town retail at CBRE
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NewsCompleat Food Group acquires vegan cheesemaker Palace Culture
It adds to the chilled group’s existing plant-based brands Squeaky Bean and Vadasz
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NewsFood producers lower prices at fastest rate for three years
Prices charged by food and drink manufacturers fell at the fastest rate in more than three years in September, raising the prospect that inflation is set to ease significantly in the coming months