Finance news – Page 126
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NewsFreja raises £2m from fmcg heavyweights and sport stars Harry Kane and Alistair Brownlee
Former Unilever boss Paul Polman and serial investor Giles Brook have backed the business, alongside Childs Farm founder Joanna Jensen and Kiddylicious founder Sally Preston
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NewsLDC-backed Bramble Foods bolts on The Bay Tree Food Co
Private equity-backed fine foods manufacturer Bramble Foods has added to its offering with the acquisition of The Bay Tree Food Co
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NewsM&A 'will ramp up in plant-based category’ in 2024
Consolidation in the plant-based category is expected to ramp up in 2024 as the difficulties facing the sector continue this year, according to a new survey
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NewsCity snapshot: Bakkavor major shareholder Baupost sells stake to US PE firm
Bakkavor has revealed major shareholder Baupost has sold its entire 20.1% stake in the listed prepared food manufacturer to US private equity firm Long Range Capital
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NewsMedia Bites 15 January: Dave Lewis, UK vegetables, Asda
US buyout firm and Morrisons owner Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser
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NewsCity underwhelmed by supermarkets’ Christmas results despite bumper sales
As many childhoods can attest, the difference between Christmas expectations and festive reality can be an almighty chasm
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NewsCook makes major comeback with sales and profit in growth
Cook entered its latest financial year facing rampant inflation, a heatwave that left high streets deserted, and supply chain disruption
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NewsCity snapshot: UK economy returns to growth amid Black Friday spending boost
The UK economy beat market expectations to return to monthly growth in November, helped by the impact of the Black Friday retail event and fewer strike actions
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NewsMedia Bites 12 January: Marks & Spencer, Tesco, Fortnum & Mason
Marks & Spencer and Tesco have emerged as Christmas winners as shoppers flocked to their stores despite pressure on family finances
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NewsTDR Capital acquires controlling stake in Popeyes UK
Fast food chicken chain Popeyes UK is under new ownership as British private equity house TDR Capital increased its shareholding
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NewsFortnum & Mason to ‘double’ supply chain capacity and invest in food to go
Fortnum’s saw ‘record’ numbers in stores during the Christmas period, but struggled to meet demand online
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NewsMüller UK&I sinks to £6m loss in 2022 as inflationary pressures bite
A £25.8m operating profit in 2021 swung to a £5.9m operating loss in the year to 31 December 2022, its latests accounts have shown
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NewsBreal Group announces £1m investment in Black Sheep Brewery
Black Sheep was bought out of administration by Breal in May 2023
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NewsMedia Bites 11 January: Sainsbury’s, Greggs, BrewDog
Trading updates from Sainsbury’s and Greggs dominate business headlines this morning, but BrewDog’s controversial move to drop new workers from the Real Living Wage also gained plenty of column inches
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NewsAsda owners ‘more than comfortable’ with supermarket’s £4bn debt pile
A senior exec at Asda co-owner TDR Capital has told lawmakers the supermarket’s owners are “more than comfortable” with its debt pile are taking a long-term view of its growth prospects
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NewsGreggs reports strong Christmas trading as sales improve 9% in Q4
Greggs’ record sales in 2023 are the result of a series of strong factors, including a good performance in Q4
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NewsSainsbury’s records ‘strong’ Christmas sales as premium demand increases
Sainsbury’s saw its ‘best ever year’ for sales of mine pies and premium cheese
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NewsVFC Foods eyes more acquisitions as it aims to become ‘vegan Unilever’
Veganuary founder Matthew Glover will be taking a more hands-on role at the group this year
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NewsMedia Bites 10 January: Asda, Christmas retail, Danone
The private equity owner of UK supermarket chain Asda defended its controversial buyout of the business, as it faced a grilling from politicians
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NewsCity snapshot: Sainsbury’s boosts volumes as Nectar Prices and Taste the Difference win over Christmas customers
Sainsbury’s has boosted food volumes by more than the wider grocery market over Christmas thanks to its Nectar Prices promotions and shoppers trading up to its Taste the Difference range. Plus, full-year trading updates from Greggs and Vimto maker Nichols