Finance news – Page 116
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NewsNew data-based consultancy launched for fmcg startups
Two former PepsiCo executives have launched a new consultancy firm looking to support growth food and drink players with data insights
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NewsWaas Bakery calls in administrators following cost pressures
Interpath Advisory were appointed as administrator of Walls Bakery Ltd and Saltness Ltd, which traded as Waas Bakery, on 19 April
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NewsMedia Bites 24 April: Unilever, Sainsbury’s, Itsu, THG
Backers of consumer goods company Unilever have demanded further sell-offs
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NewsCity snapshot: Supermarket Income REIT snaps up Tesco store in £38m deal
Retail property investor Supermarket Income REIT has purchased a Tesco omnichannel supermarket in the Midlands for £38.3m. Plus, embattled THG appoint Sue Farr as senior independent director.
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NewsFarmison rescued from administration by ex-Asda boss Andy Clarke
Collapsed online meat retailer Farmison has been bought out of administration by a consortium led by former Asda boss Andy Clarke.
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NewsHuel suffers £10m loss despite sales growth
Losses topped £10m at meal replacement brand Huel last year despite surging sales growth
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NewsCity News: THG investors buoyed by possible takeover as losses deepen
Long-suffering THG investors were buoyed by news of another suitor exploring taking the beleaguered group back private, but enthusiasm was dented by heavier-than-expected annual losses just a day later
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NewsHalewood losses hiked by cost of moving JJ Whitley out of Russia
The costs covered repurposing its distillery in Chorley and seeking new glass suppliers amid international shortages
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NewsNestlé agrees European frozen pizza joint venture with PAI PArtners
Nestlé and private equity firm PAI Partners have agreed to set up a joint venture for Nestlé’s frozen pizza business in Europe
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NewsChapple & Jenkins acquires Lansdell Soft Drinks for an undisclosed sum
Lansdell specialises in soft drinks, alcohol, confectionery, snacks and impulse products
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NewsCity snapshot: UK retail sales fall in March as shoppers cut back
UK retail sales volumes fell back in March as soaring inflation, food availability and wet weather hit shopping activity
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NewsMedia Bites 21 April: WH Smith, Deliveroo, Pepco Group
WH Smith’s profits have more than doubled thanks to a rebound in airport passenger numbers and the opening of new stores
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NewsCook reports Easter sales up by 24% year on year
Sales at Cook’s 96 retail shops increased by 31% over the two-week period before and after Easter
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NewsTonic Health launches £500k crowd round for US push
Tonic Health is closing in on a £500k fundraising target as the natural supplements start-up returns to the crowd for follow-on investment
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NewsVegan fried chicken VFC secures £6m to boost growth
Plant-based investment firm Veg Capital led the latest seed round
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NewsCity snapshot: Travel rebound boosts WH Smith sales and profits
A strong rebound in UK and international travel has boosted first-half sales at retail group WH Smith, which plans to open 120 more travel stores to tap this growth
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NewsMedia Bites 20 April: Food price inflation, Tesco/Lidl, Nestlé
Food inflation accelerated to a 45-year high last month but the pace of price rises should ease as the year progresses
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NewsFood and drink insolvencies soar as inflation takes toll
Insolvencies in food and drink manufacturing have soared in the past year as surging cost inflation and falling consumer spending squeezed firms
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NewsMedia Bites 19 April: Planet Organic/Sainsbury’s, THG, eggs
Sainsbury’s has joined a queue of bargain-hunting shoppers examining a last-ditch rescue of the Planet Organic brand
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NewsCity snapshot: Food prices race to 45-year high to keep UK inflation higher than hoped
Soaring food prices have contributed to a higher-than-expected inflation rate in March, according to the latest government figures. Plus, Heineken and Just Eat Takeaway report first quarter results, while Cake Box issues a full-year trading update.