Finance news – Page 107
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NewsCity snapshot: Dekel Agri-Vision profits fall despite record palm oil prices
Profits at Dekel Agri-Vision have fallen despite the company benefitting from record palm oil prices as a poor harvest hit production at the agribusiness group.
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NewsMara Seaweed administrators urgently seeking rescue for seasonings brand
The Scottish seaweed brand is on the verge of closing its doors as administrators seek a rescue deal to save the business
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NewsSeven Brothers targets £500k crowdfund to build new brewery and distillery
The ambition is to have a new site up and running by 2026, says the recently expanded business
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NewsCity snapshot: Warm weather boosts grocery sales volumes in June
A June heatwave helped improve grocery volumes and saw sales edge upwards, according to new data from NIQ
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NewsMedia Bites 27 June: ABF, Ocado, Sainsbury’s, food prices
A profits upgrade from ABF makes headlines this morning, alongside news of a fund chaired by George Osborne upping its stake in Ocado and a continued focused on food prices.
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NewsHooked lands seven-figure funding to cast net for plant-based fish wider
The Swedish plant-based fish startup is set to close a seven-figure funding round to expand outside its domestic market, with plans in place to launch in the UK next year
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NewsCarlsberg agrees to sell Russia’s biggest brewer Baltika
The Danish brewer has not disclosed who the buyer is or any financial details on the sale ‘to ensure that the approval processes go as smoothly as possible’
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NewsCity snapshot: Associated British Foods lifts profit expectations
Associated British Foods has raised its profit forecasts for the year as the grocery and ingredients divisions benefitted from price rises. Plus, Cake Box is upbeat about year ahead as it reports falling profits and Sainsbury’s announces a £15m investment to cut the price of cupboard staples such as rice and pasta.
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NewsMedia Bites 26 June: Inflation, Carlsberg, Hotel Chocolat
Supermarkets will be scrutinised this week for any sign they may be profiteering from rising prices
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NewsCity News: THG shares jump on back of ‘strong’ second quarter
THG shares jumped on Wednesday thanks to an expected boost to profitability and the removal of its founder’s block on any potential sale
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NewsWhole Foods Market sees UK losses rise to £26m
Newly filed accounts for UK trading arm Fresh & Wild showed operating losses rose 53%
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NewsC-store expansion boosts Morrisons as inflation hits profits
CEO David Potts said c-stores were a “strong area of focus and growth” with Morrisons now boasting almost 650 Morrisons Daily stores
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NewsCity snapshot: Warm weather boosts UK retail sales
UK retail sales continued to rise in May after bouncing back to growth in April as warm weather boosted the industry
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NewsMedia Bites 23 June: Ocado, Morrisons, Tesco, DS Smith
Rumours of Amazon interest in Ocado has generated lots of excitement and stories in this morning’s papers.
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NewsFood & drink manufacturing costs starting to ease
Production costs fell for the first time since April 2016, according to the Lloyds Bank UK Sector Tracker
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NewsCity snapshot: Packaging giant DS Smith reports soaring profits despite volume declines
FTSE 100 packaging giant DS Smith has reported a double-digit hike in profits despite falling volumes in key markets as e-commerce growth tailed off last year
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NewsMedia Bites 22 June: Arla, THG, Ocado
This morning’s papers pick up on warnings by Arla of a lack of workers, THG’s founder giving up his “golden share” and bid speculation around Ocado.
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NewsAdamo Foods secures £1.5m funding to bring meat alternative steak to market
UK-based Adamo Foods has secured £1.5m in funding to develop meat alternatives products and bring them to market
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NewsVFC confirms rescue of Meatless Farm
The Meatless Farm brand in the UK will be retained to complement and diversify VFC’s range of frozen plant-based chicken products
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NewsOscar Mayer appoints new leadership following ownership change
UK ready meals supplier Oscar Mayer has hired a new leadership team following a change in ownership