All Finance articles – Page 70
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NewsCity snapshot: Marston’s flags strong performance for new strategy
Pub group Marston’s has increased like-for-like sales by 10.1% in the year to 30 September thanks to a “strong” performance for food and drink.
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NewsLosses widen at Innis & Gunn as rising costs hit profitability
The cost of energy was cited as a significant factor in the brewer’s losses
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NewsVFC Foods expands plant-based offering with acquisition of Clive’s Purely Plants
VFC’s move follows the rescue of Meatless Farm in June
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NewsCity snapshot: Supermarket sales growth rebounds despite falling inflation
Grocery price inflation fell for the seventh month in a row to 11% last month as take home grocery growth rose to 9.1%.
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NewsMedia Bites 10 October: Ultra-processed foods, Labour, grape harvest
Ultra-processed foods including chocolate bars should be labelled as “addictive substances” to help tackle soaring global obesity rates, a team of scientists have argued.
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NewsCurious Brewery and Wild Beer Co sold to St Peter’s Brewery
The sale means a second change of ownership in a year for The Wild Beer Co
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NewsMedia Bites 9 October: Waitrose/Amazon, John Lewis, Sainsbury’s
Groceries from Waitrose could be sold via Amazon under a deal being discussed by the supermarket chain and the online retail group
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NewsCity snapshot: BlueNalu raises $33.5m to scale lab-grown seafood
Lab-grown seafood innovator BlueNalu has raised $33.5m in a series B funding round to continue progress towards launching its sustainable, high-end bluefin tuna across the world.
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NewsCity News: Tesco shares soar on profits upgrade
Tesco shares rose sharply this week as the UK’s largest supermarket hiked its full-year forecasts, on the back of a jump in sales and profits in the first half
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NewsSt Pierre sees sales surge past £150m
Global sales surged past the £150m mark at St Pierre Groupe last year as it was bought by Mexican bakery giant Grupo Bimbo
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NewsCity Snapshot: Footfall falls back in September
UK football eased back in September as consumer caution constrained spending in stores
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NewsMedia Bites 6 October: Imperial Brands, plant-based meat, Cadbury
The maker of Lambert & Butler and Players cigarettes has announced a £1.1 billion buyback, helping to lift its shares a day after Rishi Sunak announced plans to eventually outlaw cigarette sales in England (The Times £). Imperial Brands will buy back £1.1billion shares after bumper demand ...
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NewsThis targets profitability after heavy losses
Meat alternative producer This is targeting profitability by 2025 as it shifts focus from hyper-growth to improving margins following heavy losses.
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NewsCity snapshot: Imperial Brands commits to £1.1bn share buyback as it reiterates guidance
Tobacco giant Imperial Brands will gives a further £1.1bn back to shareholders next year as it announced its trading remains on course to hit full year expectations
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NewsMedia Bites 5 October: Tesco, big tobacco, Carlsberg
Tesco’s latest results grabs all the headlines this morning in the papers, alongside a hit to share prices of big tobacco as Rishi Sunak plans to raise the smoking age.
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NewsWhitby merger could push up prices and reduce quality, CMA finds
The CMA said the deal between the two largest scampi suppliers in the UK could result in a ’substantial lessening of competition’
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NewsPilgrim’s UK hails bounceback as losses shrink
The pork giant saw operating losses fall from £16m in 2021 to £2.26m last year, its latest accounts have shown
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NewsMedia Bites 4 October: Wilko, Greggs, Burger King
Fears are mounting that proposed deals by B&M European Value Retail and Poundland to acquire 100 stores previously run by Wilko could fall through
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NewsCity snapshot: Tesco raises profit guidance after “strong” first half
Tesco has lifted its outlook for the year as revenues and profits jumped in the first half, with CEO Ken Murphy expecting food inflation to continue to slow over the coming months.
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NewsSrsly Low Carb hits crowd target as it aims for retail push
Health food brand Srsly Low Carb has hit a £200k crowdfunding target to roll out more of its products across the retail channel