Latest Headlines – Page 573
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NewsCity Snapshot: THG boss gives up ‘golden share’
The Hut Group has announced it intends to remove the ‘golden share’ held by founder, CEO and executive chairman Matthew Moulding in an effort to restore City confidence after a disastrous few weeks for the company.
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NewsMedia Bites 18 Oct: THG, Morrisons, Impossible Foods
The founder of The Hut Group is poised to give up his “golden share” in the company after a sharp fall in its share price
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NewsAllplants eyes global growth following ‘record-breaking’ funding round
Plant-based meal delivery service Allplants has secured a third record-breaking funding round to help the business keep up with booming customer demand for vegan products.
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News‘Not a great day’ for THG as investor confidence collapses
THG shares were already on a starkly bearish run, having dropped from 685p in early September to 456p at the start of the week
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NewsSt Pierre Groupe sees growth in UK rocket
UK growth at St Pierre Groupe continues to accelerate, outpacing its success in the US, as a raft of new listings continue to bear fruit
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NewsAt-home cooking boom drives soaring sales and profits at Filippo Berio
New accounts state Covid had a ‘significant positive impact’ on the business
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NewsFresca Group shrugs off challenges of pandemic to post big rise in profits
The grower described its performance for the 2020/21 year as “overwhelmingly positive” but warned of “headwinds” to come
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NewsCrediton Dairy sees lockdown sales and profits hike
The Devon-based dairy drinks specialist saw sales climb by 17% to £87.3m for the 52 weeks to 2 January
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NewsYeo Valley enters flavoured milks category with raspberry and chocolate drinks
The drinks are made by Arla as part of the dairy co-op’s licensing agreement with Yeo Valley
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NewsCo-op to create more than 300 LGV apprenticeship roles
The convenience retailer will offer enrolees the opportunity to work towards a Class 1 licence
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NewsMere seeking out nine more UK stores
The ultra low-cost retailer opened its first UK store in August and already has another three in the pipeline
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NewsWholesalers say flow of goods is worse than at pandemic start
Several wholesalers told The Grocer this week major supplier availability was currently between 80%-85%
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NewsRetail vacancies have more than doubled in a year, ONS figures reveal
Data this week showed the retail sector had 90,000 vacancies in July to September this year
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NewsGovernment to allow foreign butchers into UK in bid to end pig backlog
The move is part of a package of measures designed to support the beleaguered pig sector
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NewsRoust appoints Neil Jardine as UK MD to ‘drive further growth’
Jardine would lead Roust UK’s innovation and sustainability programme and focus on expanding its portfolio, said the distributor
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NewsAlpen adds oat-based cereal bars
The Oat Blends bars were high in fibre with no red traffic lights, said Alpen
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NewsCity snapshot: Compass Group makes global net zero commitment
Catering giant Compass Group has announced a new commitment to reach net zero greenhouse gas emissions across its global operations and supply chain by 2050
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NewsMedia Bites 15 Oct: THG, Domino’s Pizza, Boots
Crisis-hit THG needs an ‘independent and credible voice’ in the boardroom to restore investor trust
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NewsHighland Spring: logistics crisis slowing recovery from Covid
Bottled water brand Highland Spring has blamed the logistics crisis for inhibiting its sales rebound from a Covid-depressed 2020
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NewsBusiness rates reform: industry leaders outraged at new government delay
The plans have been “kicked into the long grass” because Chancellor Rishi Sunak has been too busy to consider them in the pandemic, it has been reported