Latest Headlines – Page 62
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News
Minor Figures losses hit £10m in face of oat milk challenges in Asia
Losses have widened substantially at Minor Figures but the oat milk challenger said it was on the path to profitability after shifting focus away from Asia to growth markets in the UK and North America
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Bako expands into Northern Ireland with acquisition of Finlay’s Food
Founded in 1976 and based in Craigavon, Finlay’s manufactures and supplies ingredients to the bakery and general food industry
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Herbal tea brand Herbalistas launched by Typhoo owner
The teas are infused with plant adaptogens, nootropics and amino acids
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Greggs set to use 100% renewables as part of sustainability target
Greggs’ fourth sustainability report focuses on environmental and community goals
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Bolt makes ‘unshakeable delivery bag’ design open source
The company has made the design for ‘The Unshakeable Bag’ freely available to competitors “for the benefit of food delivery customers worldwide”
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El Rayo continues ‘super-premium’ tequila growth push with new seven-figure fundraising
El Rayo has raised an additional £1.3m in its latest funding round as it aims to become the second-biggest super-premium tequila in the UK in 2024
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GroceryAid secures £1m to extend School Essentials Grant
The charity provides families of grocery sector workers with grants to pay for school uniforms or school equipment
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Media Bites 10 April: Retail crime, Home Bargains, M&S
ssaulting a shopworker is to be made a separate criminal offence after a government U-turn following pressure from campaigners
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City snapshot: Focus on value wins over shoppers as Tesco reports bumper sales and profits
A ‘substantial’ easing of inflation has helped drive a double-digit increase in profits at Tesco as the supermarket boosted market share and saw volumes recover. Plus, full-year results for THG and a first-half trading update from Treatt
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Comment and Opinion
GSCOP needs an overhaul to properly protect fmcg suppliers
In GSCOP there remain loopholes that enable retailers to wreak havoc with suppliers, says Karen Green, author of Buyer-ology
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News
Artemis Tenacious Group created to drive investment in legal cannabis
Global cannabis industry investment firm Artemis Growth Partners and cannabis consumer products group Tenacious Labs have created a partnership to drive investment in global cannabis market
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‘Tinder for sourcing’ supplier marketplace secures funding boost
Berlin-based Torg said it would use the cash injection to expand its supplier database and build more time-saving tools for buyers
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Comment and Opinion
Is it safe to eat your five fruit & veg a day?
Does the food safety fear ever go away?
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News
Sainsbury’s launches new ‘Good to Know’ campaign in stores
PoS signs featuring the slogan ‘Good to Know’ began rolling into stores in April, with with the slogan also set to feature prominently in advertising throughout 2024
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CMA fuel report omitted rising operating costs, says PRA
In the watchdog’s latest road fuel monitoring report it found petrol and diesel prices had been “rising steadily” since January
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Home Bargains shed nearly 1,600 retail staff while adding new stores, accounts reveal
The estate grew from 572 to 594 stores, helping boost turnover by 10.2% to £3.8bn, despite the retailer shedding 6% of shopworkers
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Waitrose partners with Tony’s Chocolonely to improve transparency in cocoa supply chain
Waitrose has committed to the five principles used by Tony’s Chocolonely to source cocoa beans
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News
Potentially hazardous chemicals found on supermarket food
Pesticide Action Network UK has found ten different PFAS pesticides were present in spices and a range of fruit & vegetables
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News
Government opens fund to support farms hit by flooding
Under the scheme, eligible farmers can access grants of between £500 and £25,000 to return their land to the condition it was in before exceptional flooding
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Ginsters adds Breakfast Roll and Butter Chicken Bake to its lineup
‘These tasty new flavours will bring excitement to anyone looking for new, exciting and delicious snacks,’ it claimed