Finance news – Page 100
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NewsCity snapshot: Science in Sport grows margins after strategy reset
Sports nutrition player Science in Sport has reported improved performance in the first half of 2024 amid a strategic rethink and a senior team reshuffle
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NewsMedia Bites 28 July: Boots/Walgreens, DS Smith, Adnams
The struggling US owner of Boots has shelved plans for a multibillion-pound sale for the second time
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NewsCity snapshot: Wet weather dampens grocery sales growth
Poor weather and a significant drop in inflation has dampened grocery sales growth, according to the latest grocery market share figures from NIQ
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NewsMedia Bites 27 June: Deliveroo, Haleon, Brexit
Shares in the UK food delivery company Deliveroo rose after reports reveal US rival Doordash held takeover talks with the business
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NewsThis valuation plummets and founders take cash off the table
The £20m Series C round valued This at just £50m, a significant fall from a £150m valuation during the Series B fundraising in 2022, The Grocer has learned
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NewsNojo hires former Wholegood boss Martin Sandler as MD to lead growth push
Nojo has appointed former Wholegood boss Sandler as its first-ever managing director as the sauce challenger brand looks to ramp up distribution and grow more rapidly
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NewsMedia Bites 26 June: Chapel Down, Morrisons, Britvic/Carlsberg
England’s largest winemaker Chapel Down is considering a sale of the business as part of a strategic review
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NewsCity snapshot: Revenues plunge on Nigerian currency woes but PZ Cussons holds full-year profit guidance
PZ Cussons has maintained its profits guidance for the year despite the currency in its troubled Nigerian market tanking further since a third-quarter trading update in April
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NewsJamJar enters soft drinks for first time since Innocent days in £4m Xoxo investment round
The fmcg investment firm set up by the founders of Innocent have made their first venture into soft drinks, backing gut health soda startup Xoxo
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NewsCornwall’s Trewithen Dairy acquired by German dairy giant Ehrmann
The deal will see Ehrmann invest £20m in an upgrade of Trewithen’s manufacturing site as it seeks to increase its reach in the UK
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NewsC&C Group urged to consider sale by activist investor
Engine Capital described the Dublin-headquartered drinks group as a ‘perennial underperformer’
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NewsCity snapshot: English winemaker Chapel Down instigates strategic review
The UK’s largest winemaker has announced it will conduct a strategic review of the business that could result in a sale of the company
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NewsMedia Bites 25 June: C&C Group, Britvic/Carlsberg, Ocado, THG
C&C Group have been urged to considering selling up, while Carlsberg’s pursuit of Britvic continues to make headlines
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NewsAllplants secures further investment as it closes in on profit
Allplants has raised an additional seven-figure sum as the vegan frozen ready meal maker continues its drive for profitability
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NewsTidal Rum returns to the crowd to help scale premium craft brand
Shorts Boy Distillery – founded by Harry Coulthard and Ben Clyde-Smith – launched the rum brand in 2019
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NewsSupreme acquires Clearly Drinks in £15m deal to broaden offering
Vape supplier Supreme has diversified its offering with the £15m acquisition of Clearly Drinks
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NewsSamworth Brothers promotes from within as CEO Hugo Mahoney steps down
Samworth Brothers has parted ways with CEO Hugo Mahoney and promoted a new boss from within its ranks of current executives, The Grocer can reveal
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NewsMedia Bites 24 June: Britvic/Carlsberg, retail sales, Getir
Carlsberg is understood to be preparing to put a third bid for Britvic on the table
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NewsCity snapshot: Carlsberg receives Pepsi blessing for Britvic takeover
PepsiCo has given Danish brewer Carlsberg the go-ahead to continue its pursuit of soft drinks group Britvic. Plus, vaping group Supreme snaps up soft drinks group Clearly Drinks for £15m and THG issues trading update ahead of AGM
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NewsCity News: Tesco shares rise on continued market share gains
Tesco shares received a further boost following another “strong” quarterly performance, with investors buoyed by UK market share gains and strengthening volumes