Finance news – Page 119
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NewsDing Dong Dim Sum wins backing to scale DTC brand
Thomas Greenwood-Mears and Maya Rodricks launched the London dim sum brand in 2021 and has since sold 70,000 boxes direct to consumer on its ecommerce website
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NewsCity snapshot: Lavazza keeps lid on price rises to boost volumes in 2022
Lavazza has boosted turnover by 17.6% to €2.7bn as the coffee products group kept a lid on price rises and increased volumes across all the markets in which it operates.
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NewsMedia Bites 3 April: John Lewis Partnership, Co-op, Marks & Spencer
John Lewis Partnership was forced to defend the health of its pension fund after it emerged that the market value of its pension assets had plunged by £2.8bn
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NewsCity news: AG Barr shares hit despite stellar growth
Shares in AG Barr suffered this week despite the Irn-Bru maker posting stellar annual growth, as investors reacted to the impact of investment on margin recovery
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NewsHeinz blames costs as price rises exceed rivals
Heinz has been at the centre of a storm over price hikes
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NewsBritvic appoints Rebecca Napier as CFO and executive director
Napier will replace Joanne Wilson, who is leaving Britvic on 18 April to join WPP as its finance director
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NewsMedia Bites 31 March: Morrisons, Ocado, Planet Organic
Quarterly sales at Morrisons returned to growth for the first time in two years
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NewsCity snapshot: Ocado declares ‘total victory’ in legal battle over technology
Ocado announced last night it had ‘comprehensively won’ a legal battle with rival AutoStore over the intellectual property related to its technology
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NewsOrchard House creditors left £56m out of pocket, report shows
Private equity-backed juice and fruit business owed trade suppliers £21.1m and another £7m to its employees
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NewsMorrisons boss hails gathering momentum as sales turn positive
Morrisons has halted declining sales in its first quarter, with CEO David Potts declaring that ‘momentum in the business is now building’
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NewsBrewDog CEO James Watt seeking the next $1bn unicorn brands
James Watt partners with Crowdcube to launch new investment model that aims to create ‘the next generation of unicorns’
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NewsPlanet Organic halts supplier orders as it focuses on survival
Planet Organic suppliers have reported a temporary suspension of orders by the troubled supermarket chain as it works on a deal to secure its future
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NewsCity snapshot: Supermarket Income REIT grocery portfolio value drops by £250m amid rising rates
Supermarket property investor Supermarket Income REIT has seen the value of its portfolio drop by almost £250m over the past six months amid rising UK interest rates
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NewsMedia Bites 30 March: Asda, Tesco, pork scandal
Annual results from Asda make headlines this morning as the supermarket’s profits slide in first full year of Issa brothers’ ownership.
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NewsIntimate female care brand Luna Daily raises £2m as it launches into the US
Luna Daily, the intimate body care brand, has closed a £2m investment round as it scales up to enter into the North American market
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NewsJames White Drinks expands health shot offering with BumbleZest acquisition
The group behind the Big Tom and Beet It juice brands has snapped up functional shot producer BumbleZest for an undisclosed sum
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NewsTroubled Farmison seeks buyer or cash injection
The private equity owner of premium online meat retailer Farmison is seeking a buyer or new financing for the lossmaking business
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NewsIceland Foods converting chiller cabinets in Food Warehouse stores to cut energy costs
Iceland is working with The Bond Group to convert open chillers to doored fridges in 150 Food Warehouse stores
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NewsMedia Bites 29 March: EG Group/Subway, Planet Organic/Waitrose, Diageo
The owners of Asda are said to be planning an £8bn takeover of Subway
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NewsCity snapshot: Chapel Down sales fizz as it shifts record volumes of premium sparkling wine
English wine maker Chapel Down has registered a record year as sales of traditional method sparkling wine boomed.