Finance news – Page 12
-
NewsHungryPanda wins £11.7m payout after acquired business breaks contract
After receiving an initial sum worth $45.2m in December 2021, Easi’s owners withheld IT assets from HungryPanda vital to the business’ operation
-
NewsDiageo CEO Debra Crew steps down by mutual agreement
The London-listed spirits company is searching for a new boss to lead turnaround efforts
-
NewsCarlsberg Britvic to invest in £4m West Midlands logistics depot
The new depot will be designed with a focus on energy efficiency
-
NewsOatsu to get Channel 4 TV ad as founder triumphs at ‘Small Business, Big Break’ competition
The challenger overnight oats brand will take a share, along with two other winners, of a marketing package worth more than £300k
-
NewsSurprise jump for UK inflation as food prices continue ‘concerning’ rise
Food prices have climbed for the third month in a row, reaching their highest level for more than a year
-
NewsRTD challenger Arrowtown Drinks in £400k fundraise to fuel growth
The brand said its revenues were forecast to grow by 300% this year
-
NewsHilton Foods secures £22m investment into Foods Connected
Hilton Foods has secured £22m of investment for its supply chain management platform Foods Connected
-
NewsB&M UK back in like-for-like sales growth in Q1
B&M UK like-for-like sales were up 1.3% in the 13 weeks to 28 June, assisted by drier weather and Easter timing, according to the retailer
-
NewsInflation on supermarket shelves drives surge in UK food sales
Soaring prices in supermarkets has fuelled a jump in UK food sales in the past month, as volumes in store remained under “sustained pressure” and consumer confidence continued to drop
-
NewsBakkavor completes £50m exit from China
The cash sale – for CN¥509m (£50m) – is expected to make Bakkavor a net profit of at least £18m
-
NewsPladis ploughs £68m into McVitie’s and Jacob’s factory upgrades
The investment will primarily benefit its sites in the north west of England
-
NewsCompleat Food Group acquires sandwich filling maker Freshpak
The acquisition – for an undisclosed sum – gives The Compleat Food Group new capabilities in egg processing
-
NewsThe Original Factory Shop moves head office amid CVA
The variety discounter is relocating to a new head office in Bolton, with distribution to be handed over to a third party
-
NewsNurture Brands teams up with FareShare to help with cost of living crisis
Nurture said its decision to focus on a domestic charity was fuelled by the ongoing cost of living crisis
-
NewsKraft Heinz weighs separation of groceries and condiments
One option on the table is a separation of the groceries part of its portfolio from the sauces and condiments operation
-
NewsMedia Bites 14 July: tariffs, shopworkers, cybersecurity
Trump has announced a 30% tariff on imports from the EU from 1 August, and Morrisons has banned shop floor staff from stockrooms
-
NewsHovis confirms talks over merger as losses deepen and sales fall
Turnover at Hovis fell 8.6% to £446.8m in the 52 weeks to 28 September 2024, down from £489m in the previous 53-week financial period, the accounts revealed
-
NewsPoundland dismisses reports of supply restrictions as ‘bunkum’
A Poundland spokesman told The Grocer P&G had never placed any restrictions on the discount chain’s supply and Nestlé had actually increased its limits on Wednesday
-
NewsFerrero agrees $3.1bn takeover of WK Kellogg Co
The group said Kellogg’s range of cereal brands, including Frosted Flakes, Froot Loops, Special K and Rice Krispies, were ‘highly complementary’ to its offering
-
NewsShoppers avoid the high street during heatwave
Total UK footfall decreased by 1.8% in June, compared with a 1.7% fall in May