All Finance articles – Page 97
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Analysis and FeaturesHow the declining value of the pound is putting the squeeze on UK food importers
While sterling’s recent slump could boost exports, it is but the latest headache for businesses that source from abroad
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NewsWicked Kitchen lands Woody Harrelson backing in $20m investment round
The brand will use the money to increase global brand awareness and expand retail distribution
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NewsMedia Bites 17 October: Pound/Chancellor, Tesco, Kroger, Beyond Meat
The pound and UK government bond yields have recovered in anticipation of a key statement from the new chancellor
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NewsCity snapshot: Tesco chairman warns of increasing pressure on households
Tesco chairman John Allan has sounded the alarm over the increasing pressure on households as interest rates rise higher.
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NewsSamworth Bros commits £100m investment following Covid rebound
Samworth has pledged to invest more than £100m in growth over the next two years after bouncing back from Covid
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NewsBurton’s Biscuits sees category share increase as its sales rise
Revenues climbed 7.4% to £295.2m in the 53 weeks to 31 December 2021 – compared with 11.5% in 2020 – thanks to the expansion of its private label business and successful branded NPD, as well as some price increases.
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NewsItsu’s Julian Metcalfe forecasts £100m in supermarket sales ‘very easily’
Founder Julian Metcalfe told The Grocer he expected the “extremely rapid” growth of the group’s grocery arm to continue in 2022 and beyond despite soaring costs and a squeezed consumer.
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NewsFussy raises £1.1m from crowd to boost eco-friendly personal care growth
Eco-friendly personal care challenger Fussy has raised more than £1m from the crowd as it seeks to eliminate single-use plastic in the category.
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NewsCity snapshot: Danone announces exit from Russian business
Danone has this morning announced it plans to transfer control of its dairy and plant-based business in Russia, in a move that could cost the group €1bn. Plus Diageo and Refresco pursue global M&A.
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NewsMedia Bites 14 October: Ocado, Kroger/Albertsons, Boots
Shares in Ocado bounced off four-year lows amid speculation that the online supermarket could benefit if the US grocery giant Kroger merges with its smaller rival
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NewsBoots recovery boosted by heatwave as footfall picks up
An ongoing turnaround at Boots has been boosted by an uptick in footfall at its city centre stores and travel outlets at airports and train stations as consumers prepared for summer holidays
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Comment and OpinionM&S’ turbocharged turnaround tops a series of smart moves
The opening of food stores comes on top of investment in pricing and a change in culture
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NewsCity snapshot: British Honey Co puts itself up for sale
Listed honey and spirits producer British Honey Co has launched a formal sales process amid the need for cash by the end of November
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NewsMedia Bites 13 October: M&S, Poundland, Walmart
Marks & Spencer’s store closure plans are accelerating as it battles a “significant” rise in costs against a tougher economic backdrop.
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NewsM&S accelerates turnaround plan and brings forward food store opening target
In recent years, M&S has focused on opening larger-format stores in areas such as retail parks to attract more families and achieve bigger basket spending
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NewsMedia Bites 12 Oct: Supermarket inflation, Marston’s, Pret a Manger
Price inflation on groceries has risen to record levels, with shoppers switching to supermarkets’ own-label goods to cope with higher food costs
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NewsCity snapshot: Poundland attracts new customers as cost-of-living crisis grows
Poundland has benefitted from cost-conscious consumers managing tight household budgets to grow sales over the past year.
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NewsCity snapshot: Greencore sales rise but rail strikes and Bank Holiday dampen recovery
Greencore has seen a strong rebound in revenues in its financial year to 30 September as on-the-go consumption returned, albeit slowed in the fourth quarter
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NewsMedia Bites 11 October: Getir/Gorrilas, Asda, Morrisons/McColl’s
Grocery delivery app pioneer Getir is in talks to take over its heavily lossmaking rival Gorillas, according to this morning’s papers.
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NewsMedia Bites 10 October: Holland & Barrett, Tesco, Christmas goose
LetterOne, the UK-based investment group founded by sanctions-hit Russian oligarchs, is nearing a deal with lenders behind Holland & Barrett to buy out £890m