All Finance articles – Page 9
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News
BrewDog ‘near return to profit’ founder insists, as pre-tax losses balloon
BrewDog has not recorded a pre-tax profit since the £1.1m it booked in 2019
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IGD veteran Nick Downing joins YF as business development head
Downing spent the past 23 years at IGD, where he was instrumental in expanding the organisation’s commercial arm as part of the executive team
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Gosh loses more sales due to plant-based exodus
Gosh said ‘meat mimics’ were under the most pressure in the market, while losses at Enough doubled in 2023
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Red Bull’s fizz finally begins to flatten
The brand’s volume growth eased in 2023 after rising by around 20% for two consecutive years
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Vegan Food Group sells German factory to European tofu player
European tofu producer New Originals Company will continue to partner with VFG after buying the Wiesbaum site from the group
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Media bites 16 October: IMF, James Watt, Fenwick, John Lewis
BrewDog founder and former CEO James Watt has attacked plans by Chancellor Rachel Reeves to raise capital gains tax
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City Snapshot: Just Eat’s UK growth cannot prevent global slowdown
Just Eat Takeaway kept up its strong growth in the UK and Ireland but could not prevent a global slowdown led by North America. Plus, the latest supermarket sales data from NielsenIQ and UK inflation figures from ONS
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St Peter’s continues expansion with Portobello Brewing investment
Suffolk-based St Peter’s has undergone a significant expansion in the last year following the buyout of Curious Brewery and The Wild Beer Co
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Boots’ digital performance fuels quarterly growth of 6.2%
It was Boots’ 14th consecutive quarter of market share growth
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John West suffers first loss since 2010 after absorbing price hikes
John West had tried raising prices but suffered a consequent fall in volumes
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Guinness Covent Garden brewery delayed until 2025
The £73m project has stalled after its main contractor’s collapse in the summer
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Applied Nutrition hopes for £400m valuation as Mohsin Issa commits to IPO
Applied Nutrition has revealed Asda owner Mohsin Issa is committed to the group’s upcoming London IPO, which will see the sports supplements brand valued at up to £400m
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Media Bites 15 October: Menzies, Gail’s, Greggs, Wine Society, 7-Eleven
Gail’s CEO Tom Molnar recalls how 20 years ago, the idea of having more than five branches would have seemed fanciful
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City snapshot: Agronomics invests $2m in Liberation Labs
London listed lab-grown meat investor Agronomics has invested a further $2m (£1.5m) in Liberation Labs
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Comment & Opinion
Infected Punk IPA highlights ongoing issues at BrewDog
The mishap has given an illuminating eye into workplace culture at BrewDog
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News
Alara Wholefoods transfers ownership to employees
The business, which makes a range of organic muesli, porridge and bircher, formally moved into the employee-owned trust scheme this week
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Vibrant Foods losses improve as turnaround progresses
Losses have narrowed significantly at Vibrant Foods as the private equity-backed group made progress in a turnaround attempt
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Media Bites 14 October: Waitrose’s James Bailey, Home Bargains, Energy bills and farming
Waitrose executive director James Bailey traces his love for the upmarket retailer back to his mum taking him to the Eastbourne branch as a six-year-old
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City snapshot: Golden quarter set to shine for retailers
Retailers can look forward to the strongest golden quarter since before the pandemic despite gloomy consumer confidence levels, according to a panel of industry experts
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News
Sainsbury’s shares slump as Qatar Investment Authority reduces stake
Qatar’s sovereign wealth fund is selling stock in the supermarket worth £306m, reducing its holding by about 5%