Finance news – Page 108
-
NewsMedia Bites 21 June: Grocery inflation, minimum wage, Ocado
The pace of grocery inflation has eased to its slowest monthly rate this year, according to industry data that backs hopes the worst may be over
-
NewsFood inflation slows for second month in a row
Food inflation has slowed for the second consecutive month but the UK’s headline rate remained unchanged, according to new figures this morning. Plus, a trading update and exec appointment from THG ahead of its AGM, and Vimto owner Nichols appoints an interim CFO.
-
NewsMeatless Farm set for rescue by vegan fried chicken challenger VFC
Meat-free startup VFC, launched by Veganuary and Veg Capital founder Matthew Glover, is close to securing the rescue of the Meatless Farm brand in the UK
-
NewsGrocery price inflation eases to its lowest level since 2022
Like-for-like grocery price inflation has dropped to its lowest level since 2022 and now sits at 16.5%, according to the latest market share data from Kantar
-
NewsMedia Bites 20 June: Food inflation, BAT, Coca-Cola HBC
Morrisons and M&S have become the latest supermarkets to cut the price of basics as retailers face pressure to do more to tackle soaring living costs.
-
NewsTony’s Chocolonely nets £17m to drive global growth
The ethical confectionery maker has raised €20m (£17m) to accelerate its “mission of ending exploitation in the cocoa industry”
-
NewsCoca-Cola HBC expands spirits offering with $220m Finlandia vodka acquisition
Hellenic Coke bottler Coca-Cola HBC has acquired the Finlandia vodka brand from a subsidiary of Brown-Forman, the US owner of Jack Daniel’s, for $220m. Plus, management board changes announced at British American Tobacco.
-
NewsMedia Bites 19 June: Tesco, anti-obesity measures, McColl’s
The chief executive of Tesco has said food inflation has probably peaked but that prices are likely to stay high
-
NewsOcado gets vote of confidence with ‘much better outlook’
Analysts at BNP Paribas Exane upgraded the online retail pioneer from ‘sell’ to ‘neutral’
-
NewsTetley cuts plastic with new cardboard packs
It represents the ‘most significant change’ to the brand’s packaging in 30 years
-
NewsCity snapshot: Tesco UK sales up 9% amid ‘encouraging’ signs on inflation
Tesco has grown its UK like-for-like sales by 9% in its first quarter as its CEO points to ‘encouraging early signs that inflation is starting to ease’
-
NewsIndian coffee player plots UK retail push after acquisition
India’s largest instant coffee manufacturer is planning a push into the UK retail space after buying a collection of brands from Löfbergs Group
-
NewsMedia Bites 16 June: Inflation, Unilever, Iceland
The cost of some family favourite dinners has soared by as much as a quarter over the past year, according to the papers this morning.
-
NewsAllplants slashes valuation in pursuit of profitability
DTC plant-based player Allplants has slashed its valuation as part of a £10m fundraising from its existing backers amid increasing pressure on the vegan category
-
NewsABP buys two Scotbeef meat plants after supplier loses Aldi contract
Irish red meat giant ABP will complete a deal for Scotbeef’s Bridge of Allan abattoir and Queenslie meat packing plant by the end of July
-
NewsCity snapshot: Unilever buys US premium yoghurt brand Yasso
Unilever has announced it has agreed to buy US-based premium frozen Greek yoghurt brand Yasso
-
NewsMedia Bites 15 June: Asda, Bestway, UK economy
A quiet morning in the papers but there is coverage of an Asda stores sell-off.
-
NewsFoodservice wholesaler RD Johns’ turnover jumps by 66% in 2022
The improved offering helped the company to bring in £7m of business from new customers across the hospitality, education and care sectors
-
NewsMedia Bites 14 June: Sainsbury’s/Asda, Yo! Sushi, Ocado
Sainsbury’s and Asda have been told to stop using ‘unlawful’ land agreements to prevent rival supermarkets from opening competing stores nearby
-
NewsCity snapshot: WH Smith secures £400m refinancing to support travel ambitions
WH Smith has completed a £400m bank refinancing to support the group’s growing travel retail division.