Finance news – Page 123
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NewsCity snapshot: Naked Wines appoints Rodrigo Maza as CEO designate
Naked Wines has promoted its new UK managing director to group CEO to work alongside executive chairman Rowan Gormley as the DTC wine retailer attempts to turn around its fortunes
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NewsCity News: Diageo’s woes continue as Latin America sales plunge
Diageo’s woes across the Atlantic continued this week, as second-half results were hit by a plunge in sales in Latin America and a continued slowdown in North America
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NewsAccolade Wines taken over by Bain-led consortium
The deal brings an end to five years of ownership by US-based investment group Carlyle
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NewsCity snapshot: Retail footfall slides again in January
Total UK footfall decreased by 2.8% in January, according to the latest data from the BRC-Sensormatic IQ Footfall Monitor
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NewsMedia Bites 2 February: Amazon, Brexit, AG Barr
The world’s largest retailer comfortably beat fourth-quarter sales forecasts last night, attracting robust growth in online spending by consumers during the holiday season
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NewsBakkavor Group to recruit record intake of 86 apprentices in 2024
The roles span a wide range of specialist areas, including food technology, health & safety and business administration
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NewsNirvana launches £600k crowd campaign amid low & no demand
Low & no brewer Nirvana is rolling out a crowdfunding campaign as it looks to capitalise on the growing demand in the sector following a successful Dry January
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NewsPlanet A closes £12m fundraising to bring cocoa-free chocolate to the UK
Food tech startup Planet A Foods has secured $15.4m (£12.2m) to power the expansion of its sustainable cocoa-free chocolate into the UK and other international markets
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NewsCity snapshot: Former Co-op boss Euan Sutherland named AG Barr CEO
AG Barr has announced that the former chief of Co-op, Saga and Superdry Euan Sutherland will become its new CEO
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NewsMedia Bites 1 February: Morrisons, Gillette
Morrisons continues to make headlines in the business pages as its new boss, Rami Baitiéh, faces the media for the first time
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NewsMedia Bites 31 January: Morrisons, Diageo, John Lewis
Morrisons has agreed to sell its petrol forecourts to Motor Fuel Group for £2.5bn in return for a 20% stake in the service stations operator
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NewsCity snapshot: Gusbourne narrows losses despite challenging second half
English sparkling wine producer Gusbourne has narrowed underlying losses as it cut costs and continued to grow sales.
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NewsDeliveroo shares fall as Delivery Hero plans to sell off stake
Delivery Hero is selling its stake in rival food delivery group Deliveroo for more than £70m
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NewsCity snapshot: Fall in grocery inflation eases and retailers cut promotions
The fall in grocery price inflation eased last month as retailers ‘took their foot off promotions’, while sales growth lagged price increases. Plus updates from Diageo, SSP Group and Pets at Home
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NewsMedia Bites 30 January: Brexit, vaping, Delivery Hero
New Brexit border rules could cut the shelf life of fresh food from mainland Europe by a fifth and leave some deliveries from the EU unsaleable, major food bodies have warned
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NewsWaitrose confirms JLP plans to reduce staff numbers
The John Lewis Partnership is aiming to save £900m by 2028
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NewsCompleat Food Group appoints Tom Riley CFO
Riley has joined the business from his previous role as CFO for Fox’s Burton’s Companies
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NewsMedia Bites 29 January: John Lewis Partnership, Brexit border controls, disposable vapes
The John Lewis Partnership has raised £260 million to help fund its turnaround as the struggling mutual prepares to cut as many as 11,000 jobs
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NewsCity snapshot: EY resigns as Asda auditor
Big four accountancy firm EY has resigned as auditor to Asda in the latest blow to the Issa brothers, according to reports
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NewsABF shares rise on back of strong growth in food and sugar
Shares of food and retail conglomerate Associated British Foods rose this week on the back of solid growth in its food and sugar arms