All Finance articles – Page 76
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News
City News: Pernod Ricard shares slide on US and China slowdown
Pernod Ricard hailed a “very strong” annual performance as it recorded double-digit sales growth and expanded margin, but shares were hit by warnings of slowdowns in key markets of China and the US
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ShareAction reports success in forcing healthier food policies
Pressure from a shareholder-led campaign group has resulted in major food and drink companies making their products healthier, research shows
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Itsu grocery sales to pass £50m thanks to NPD and new listings
Itsu’s grocery arm is on course to pass the £50m revenue mark this year after new listings and NPD drove a £10m-plus jump in third party sales
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City snapshot: Kris Licht to become Reckitt Benckiser CEO next month
Reckitt Benckiser has announced Kris Licht will take over from Nicandro Durante as CEO on 1 October
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Media Bites 1 September: Wilko, M&S, Reckitt Benckiser
The owner of HMV is finalising a deal to rescue the majority of Wilko’s operations, salvaging more than 8,000 jobs at the stricken high street retailer
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Holland & Barrett accounts reveal extent of struggle
Holland & Barrett’s owner LetterOne bought back £700m of its debt in November 2022
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Plastic tax needs ‘urgent rethink’ following Treasury’s £280m windfall
Earlier this month, figures from HMRC revealed the tax generated £276m in its first year of operation, £40m more than estimated by the Treasury before it was introduced
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News
Loah hits £300k crowd goal to scale non-alcoholic beer
Alcohol-free beer startup Loah has hit a £300k crowdfunding target to help win further retail distribution and push into the on-trade
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City snapshot: Pernod Ricard hails ‘very strong’ annual performance in ‘normalising environment’
Pernod Ricard has posted double-digit annual sales growth despite ‘volatile’ market conditions, while expanding its margins
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Media Bites 31 Aug: M&S, Wilko, Asda
Marks and Spencer is making a return to the FTSE 100 four years after it dropped out
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Bidder for entire Wilko chain given until 5pm to provide more details
If details are not forthcoming, Wilko will be carved up and redundancies, which were paused yesterday, are likely to be restarted, according to GMB Union
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AI fruit yield forecasting startup raises £2.8m ahead of commercial launch
The technology has been on trial at “at field-scale” with two UK soft fruit growers and processors, WB Chambers and Place UK, over the last two years
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Comment & Opinion
Why you must understand the shoppers your ad didn’t reach
Retail media is a closed loop – most importantly, you know who buys the product without seeing the ad, says Joel Hopwood, co-founder at SMG
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Fearne & Rosie in mainstream push as jam challenger wins six-figure investment
Kids’ jam startup Fearne & Rosie has secured £450k to support the next stage of its development and turn its reduced-sugar spreads challenger brand into a household name
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Media Bites 30 Aug: Wilko, Brexit border controls, Marks & Spencer
An Anglo-Canadian bidder for collapsed retailer Wilko has criticised administrators PwC, questioning whether the process was “fair and transparent”
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City snapshot: M&S set for return to FTSE 100
M&S is expected to reclaim its spot in the list of the UK’s most valuable companies today for the first time in four years following a recent turnaround in fortunes.
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News
Good Food Programme recruits seven new challenger brands
Each will receive a £15,000 equity-free grant and benefit from two years of specialised branding support
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City snapshot: UK food inflation continues to decelerate
Annual shop price inflation dropped to 6.9% in August as food inflation continues to decelerate, albeit food price growth remains in double digits
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Media Bites 29 August: Wilko, food prices, Asda
The fate of Wilko continues to generate lots of headlines, alongside lots of food and drink news over a busy bank holiday weekend.
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City News: Tesco boosted by market share gains and broker endorsement
Britain’s biggest grocer received a double boost this week