Finance news – Page 126
-
NewsValeo Foods appoints 2 Sisters boss Ronald Kers as CEO
Kers will take up his new role in the summer following Seamus Kearney’s decision to step back from a day-to-day leadership role within the business
-
NewsAvara Foods slumps to loss amid ‘inflationary pressures not seen for a decade’
The poultry supplier saw a £16.9m profit swing to a £16.1m loss during the 2021/22 financial year
-
NewsCity snapshot: DX Group confirms corporate espionage claim from rival
Logistics group DX has confirmed this morning it is the subject of a corporate espionage claim in the High Court from a rival
-
NewsMedia Bites 13 February: Tesco/Apprenticeship Levy, Pub closures, Bestway/Sainsbury’s
Tesco’s chief executive has complained that thousands of staff are missing out on new training because of restrictions on the government’s Apprenticeship Levy fund
-
NewsCity News: Unilever warns of further price hikes
Unilever warned the market that further price hikes are on the way despite double-digit price inflation in 2022, but investors were reassured by the consumer giant’s full-year results on Thursday
-
NewsBurts Snacks set to unlock growth with backing from new owner Europe Snacks
MD Dave McNulty, who will continue to run Burts as a standalone business, told The Grocer the acquisition would help unlock further potential in the snacking category.
-
News2 Sisters owner Boparan and ForFarmers abandon animal feed joint venture
Boparan subsidiary 2Agriculture had hoped the jv would bring down feed prices
-
NewsStruggling CBD brand Love Hemp calls in administrators
A notice on the brand’s website said Paul Cooper and Jamie Taylor of Begbies Traynor were appointed as joint administrators of Love Hemp Ltd on 9 February 2023
-
NewsCity snapshot: Kellogg’s scraps sale of MorningStar Farms amid falling plant-based valuations
Kellogg’s has scrapped plans to spin off or sell its plant-based division MorningStar Farms amid a plunge in the valuation of competitors in the sector
-
NewsMedia Bites 10 February: Unilever, Deliveroo, British American Tobacco
Unilever’s annual results dominate the headlines in this morning’s business pages, alongside news that Deliveroo is to axe 350 jobs
-
NewsArla warns of tough year ahead after 2022 trading ‘volatility’
The dairy giant saw branded volumes fall last year as the cost of living crisis kicked in
-
NewsIceland given refinancing boost on the back of ‘better than expected’ performance guidance
Moody’s expects Iceland to benefit from falling energy costs over the rest of the year
-
NewsCity snapshot: Unilever warns of further inflationary pressures after double-digit price hikes in 2022
Unilever has warned that it will take further pricing action in 2023 to cope with continued inflationary pressures despite pushing through double-digit price hikes in 2022. Plus updates from Compass Group, British American Tobacco and Arla
-
NewsSamworth Bros invests in plant-based player Tiba Tempeh
Samworth Brothers has made an investment in the plant-based startup to support its growth in the UK and internationally
-
NewsMedia Bites 9 February: John Lewis/M&S, Burts Snacks, PZ Cussons
M&S could overtake John Lewis Partnership to become the nation’s seventh largest retailer by sales before the end of this year
-
NewsWhen in Rome returns to crowd as retail distribution for eco-friendly wine grows
Sustainable wine start-up When in Rome has returned to the crowd to raise an additional £400k to support its growing retail listings in the UK as demand picks up for more environmentally friendly packaging in the category
-
NewsMackie’s profits melted by surging costs despite record market share
Profits have slumped at Scottish ice cream maker Mackie’s despite the brand boosting market share to its highest-ever level as surging costs squeezed margins.
-
NewsSerious Sweets snaps up premium marshmallow brand Mallow & Marsh
Own-label confectionery maker Serious Sweets has continued its acquisition spree with the takeover of premium marshmallow brand Mallow & Marsh.
-
NewsCity snapshot: Price rises boost PZ Cussons sales but volumes and margins decline
PZ Cussons has delivered a ’robust’ performance in the first half as its transformation continued. Plus, Cellular Goods reveals its proposed acquisition of CBD player Cannaray has collapsed, and Tate & Lyle unveils a new five-year framework
-
NewsBurts Snacks acquired by Kolak owner Europe Snacks
Premium snacks brand Burts has been snapped up by French own label manufacturer Europe Snacks for an undisclosed sum