Finance news – Page 102
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NewsDeposit return scheme body’s huge debts revealed
According to Companies House figures, Circularity Scotland Limited had racked up debts of £86.2m when it entered administration last month
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NewsMedia Bites 31 July: Sainsbury’s, British American Tobacco, Unilever
The boss of Sainsbury’s has called for people working on farms and in factories to be added to the official shortage occupation list
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NewsCity snapshot: Heineken cuts profit expectations as drinkers balk at higher prices
Heineken has lowered profit forecasts for the year after a weaker-than-expected first-half performance as higher prices put off drinkers.
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NewsCity News: Unilever beats expectations but falling market share concerns City
Unilever shares were buoyed increasing margins and sales that beat expectations in the first half, but concerns were raised over its falling market share as pricing hampered volumes
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NewsWarburtons profits hit by soaring input costs
Soaring input costs have slashed profits at baker Warburtons, though it has continued to grow sales in a “very competitive” market
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NewsLosses narrow at Harvey Nichols as footfall recovers
CEO Manju Malhotra has previously urged prime minster Rishi Sunak to reconsider his plan to drop VAT-free shopping for tourists
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NewsCity snapshot: Unilever hires Compass Group’s Ian Meakins as chair
Unilever has announced the appointment of Ian Meakins as chair designate to replace outgoing chair Nils Andersen
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NewsMedia Bites 28 July: Nestlé, Ocado, Oatly
Nestlé has said price rises will start to ease in the second half of the year, as the KitKat maker raised its sales outlook on better than expected performance in the six months to the end of June.
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NewsPlant & Bean owed creditors £6m at time of administration
Failed meat alternative manufacturer Plant & Bean ran up losses of at least £7m in just two years of trading and owed creditors more than £6m when it collapsed earlier this year, new documents have revealed.
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NewsOatly shares collapse as plant-based brand drastically cuts growth forecasts
Oatly shares have crashed once again as the embattled plant-based group drastically cut its sales outlook for the year
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NewsBritvic makes RTD coffee play with Jimmy’s acquisition
After 13 years, Jimmy is selling up to the might of Britvic
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NewsCity snapshot: Nestlé raises sales guidance on strong first half pricing
Nestlé has raised its full year sales outlook after better than expected price-driven growth in the first half of the year. Plus Britvic buys two bolt-on drinks brands and Ocado Solutions CEO steps down
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NewsMedia Bites 27 July: Coca-Cola, Reckitt, Danone, Co-op
A packed morning in the papers takes in rising prices at Coca-Cola, Reckitt, Danone and BAT, with a potential strike set to hit Irn-Bru supplies and Co-op revealing record crime figures.
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NewsVimto owner Nichols’ focus on packaged brand pays off in first half
A shift in strategy to focus on the core Vimto brand and reduce exposure to the out-of-home channel has paid off in the first half of 2023, according to CEO Andrew Milne
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NewsCastell Howell turnover grows by 48% following Covid recovery
Turnover for the financial year rose from £112m to £166m, following a successful post-pandemic recovery
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NewsJust Eat Takeaway CFO Brent Wissink resigns as group returns to profitability
Wissink is stepping down to “pursue other opportunities” and will resign from the board next May
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NewsCity snapshot: Danone price hikes boost sales but Russia seizure triggers €200m hit
Danone has outperformed market expectations as it expanded margins and boosted revenues with price hikes at the expense of volumes. Plus, first-half results from Reckitt Benckiser, Nichols, British American Tobacco and Just Eat Takeaway. And Just Eat reports CFO resignation.
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NewsMedia Bites 26 July: Unilever, THG, Compass Group
Consumer goods group Unilever has said inflation has peaked, as it reported better than expected sales growth in the first half of the year
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NewsCity snapshot: Unilever grows margins on pricing increases
Unilever increased its margins in the first half of its financial year, despite €1.6bn of input inflation. Plus updates from Compass Group and Greencore and grocery market share data from NIQ
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NewsMedia Bites 25 July: Berries, alt-milks, Ocado, Cranswick
Complaints from berry growers about treatment by supermarkets continues to make headlines this morning, along with a study on the health benefits of plant-based milk.