Finance news
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NewsOil price plummets as Strait of Hormuz is ‘open for business’
Iran has declared the strait open to all commercial shipping for 10 days, the duration of a ceasefire agreed between Israel and Lebanon late on 16 April
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NewsHighland Spring bottling plant plans rejected by local council
The plan would have resulted in the felling of between 500 and 1,000 trees
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NewsPlant milk machine maker Mylky snapped up by free-from specialist Tooru
Mylky’s machines allow consumers to make their own plant milk, from conventional ingredients such as oat, rice, or almond – or more exotic items like chestnuts, beets or hemp seeds
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NewsSpirits debate puts pressure on Pernod Ricard shares
Pernod Ricard’s share price has faced further pressure after a downgrade to its sales outlook, with investors waiting to see if spirits’ woes are structural
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NewsCheaper crisps power growth for PepsiCo’s US snacks business
Reformulation and lower pricing helped power the division’s recovery, driving a 1% boost to organic sales that caught analysts by surprise
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NewsDanone accused of hypocrisy over plans ‘to destroy local UK woodland’
The bottled water and dairy giant is planning to remove between 500 and 1,000 trees from Rotary Wood and the Pinewoods area in Harrogate, North Yorkshire
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NewsAll Things secures £3.6m as cottage cheese demand soars
Specialist wellness and lifestyle investment firm The Equity Studio led the £3.6m round, with support from Access Industries and Active Partners, as well as other existing backers
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NewsBooker delivers modest growth but ‘adapting quickly’ to challenges, says Tesco CEO
In the 52 weeks to 22 February 2025, like-for-like sales rose by just 0.2% at the Tesco-owned wholesaler
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NewsTesco’s Ken Murphy pledges to keep shoppers’ costs down in Iran war
Murphy said the supermarket was ‘committed to doing whatever it can to help keep down the cost of the weekly shop’
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NewsPernod Ricard returns to volume growth
The spirits giant has begun to see sales improve as it cuts prices, introduces smaller formats, targets convenience and launches more low & no alcohol products
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NewsTilray eyes $1bn-plus valuation for newly acquired BrewDog brand
Tilray paid an initial £33m to acquire the global IP and UK assets for BrewDog out of administration last month
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NewsTayto sales fall amid low consumer appetite for crisps
The manufacturer, which is the largest UK-owned crisp maker, maintained its gross profits around £72m despite the fall in revenues – but higher sales, marketing and administrative costs cut down operating profits by £3m to £18.9m, its latest accounts at Companies House showed
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NewsMcCain’s profits slide after tough year for potato growers
McCain Foods GB’s final profit fell 30.4% to £51m in the year to 30 June 2025
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NewsFarmers facing ‘very challenging year ahead’, Ornua boss warns
CEO Conor Galvin told The Grocer farmers were ‘concerned about 2026’ and were set to have a ‘very, very challenged year’ due to soaring cost pressures and uncertainty in the market
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News£80m raise makes Eka UK’s largest early-stage VC for health
The firm’s oversubscribed second fund will invest in up to 30 UK startups in the seed and pre-seed stages
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NewsKerrygold’s growth pushes Ornua to €3.5bn
Kerrygold is now the second-most popular block butter in the UK, having grown faster than any other butter brand last year, according to parent company Ornua
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NewsOxbury secures £10m loan from British Business Bank
Specialist agricultural lender Oxbury has secured a further £10m tier-two loan from the British Business Bank, building on a £25m facility agreed in 2022
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NewsFiid relaunch positions ready meal brand for growth
The Irish business will roll out its ‘vibrant, bold, new visual identity’ across Ireland and the UK, alongside improved recipes across its full range of microwavable pouches
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NewsClean Food Group secures £4.5m to scale sustainable oils factory
It follows the purchase of the factory and 12-acre site in Knowsley in September, which gave the company a fermentation capacity of one million litres
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NewsEaster boosts food sales despite ‘lowest since 2023’ consumer confidence
Shoppers splashed out to celebrate seasonal events like Eid, Easter and Mother’s Day, however heightened fears over the Iran war will hamper retail sales, according to the latest BRC-KPMG retail monitor