Finance news – Page 10
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NewsWilliam Grant & Sons The Famous Grouse acquisition green-lit by CMA
The deal remains subject to approval in other countries, however
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NewsGreggs shares sink on news of more flakey growth
Greggs took a hammering on the markets this week as investors were alarmed at the high street bakery chain’s continued slowdown in sales
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NewsPukka Pies profits decline amid attempted £100m sell-off
Pukka kicked off a process to potentially sell the business early last year
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NewsCity snapshot: Reckitt Benckiser shares down 2% after annual results
Reckitt Benckiser saw revenue and profit both fall last year as it looks to gather momentum with its turnaround. Also, Barry Williams is made permanent MD of Poundland
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NewsRadnor Hills doubles profits after convenience launch
Radnor Splash launched a new range this month to try and boost its presence in convenience stores
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NewsOlive oil brand Citizens of Soil raises £1.8m to push growth
The brand plans to use the capital injection to launch new products, expand the senior leadership team and turn on the marketing tap to boost brand awareness
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NewsReckitt Benckiser sees sales and profits fall amid turnaround
Reckitt Benckiser’s shares hit an 11-year low in July but a turnaround strategy in the summer has seen it regain momentum
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NewsMedia Bites 6 March: illegal gold mining hits chocolate, trade wars, postmaster pay
Illegal gold mining is ravaging farmers’ land in Ghana and hitting chocolate prices in the UK and beyond
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NewsPermanent Poundland MD named as Pepco ‘explores’ sale
The Pepco Group board is ‘actively exploring separation options for Poundland, including a potential sale’
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NewsAvara sees losses grow to almost £50m in wake of major restructuring
The business also saw a near 12% fall in turnover, but stressed its restructure now left it with a ’more efficient and productive supply chain’
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NewsAldi completes board restructure with new UK & Ireland CFO
Hayleigh Lupino is joining Aldi from pub group Marston’s, where she is currently CFO
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NewsGrubby set to relaunch Allplants ready meals range thanks to IP deal
Vegan recipe kit brand Grubby is preparing to relaunch the Allplants range of plant-based meals after swooping to pick up the exclusive rights to the failed company’s recipes and manufacturing methods
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NewsCampari beats expectations but warns ‘transitional year’ ahead due to tariffs
In the last three months of 2024, organic sales at the Aperol maker rose 3.4%
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NewsCity snapshot: Boots owner closing in on $10bn private equity takeover
Walgreens Boots Alliance is reportedly closing in on a deal worth $10bn to be taken private by a US private equity firm. Also, Valentine’s Day was bigger than ever this year, according to NIQ
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NewsElla’s Kitchen sees 17-year run of unbroken sales growth come to an end
Revenues at Ella’s Kitchen have declined as branded babyfood pouches came under increased pressure from own label as parents looked to save money
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NewsGreggs CEO defends bakery chain’s health record
The chain hopes new foods like fish finger sandwiches, chicken wraps, and chicken burgers can help draw greater sales after 4pm
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NewsNomad Foods back on track after major tech disruption
Nomad Foods’ share price rose 5% on Monday after reporting its fourth-quarter results
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NewsCity snapshot: Greggs shares plummet 10% as slowdown continues
Greggs’ slowdown has been worrying investors since it posted disappointing results in January. Also, Bakkavor and Kitwave report strong annual results.
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NewsKitwave revenue grows 10% due to latest buying spree
The AIM-listed business completed the acquisition of three businesses last year
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NewsPromotions keep shoppers spending but Asda woes continue
Promotions at supermarkets have kept food inflation in check in February as spending on deals rose again last month, according to the latest data out this morning from Kantar