Finance news – Page 13
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NewsCampari confirms restructure to ‘accelerate growth and profitability’
Campari said topline performance and investments had dragged on profitability
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NewsRude Health profits doubled prior to Oddlygood buyout
Rude Health is bucking a category slowdown in plant-based milks, which saw overall volumes drop 2% last year
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NewsMedia Bites 20 February: Trump tariff backlash, Tesco apologises over online glitch
Minutes US Federal Reserve’s January meeting revealed members of its committee believe Trump’s policies might ’hinder the disinflation process’
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NewsCity snapshot: Retailers dealt fresh blow as consumer confidence sinks further
Even Gen Z – ‘the most upbeat generation on the economy and their own finances’ – saw a drop-off in optimism
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NewsGXO purchase of Wincanton could raise costs for supermarkets, says CMA
GXO agreed to acquire Wincanton in April 2024 but the takeover was subject to checks
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NewsOnline farmers market breaks crowdfunding target of £200k
Wylde Market operates a weekly market for fishermen, farmers, and foragers to sell directly to online customers
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NewsCivil unrest in 2024 affected one in four businesses
Retailers and shop owners are still reeling from a series of protests and riots that took place across the UK last year
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NewsChallenger brand ’one-stop shop’ created in multimillion-pound merger
Media agency MNC said it will create a ‘new paradigm that fuses media, advisory and venture funding’
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NewsArla Foods sees revenue and profit grow in ‘strong’ year
The dairy co-op saw revenues climb to €13.8bn at group level, buoyed by positive growth from its key brands
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NewsMedia Bites 19 February: UK inflation rate, knife laws, rising energy bills
Bank of England forecasters have predicted that inflation will rise to 3.7% later this year as energy prices and a series of utility bill increases add to business and household costs
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NewsCity snapshot: Food inflation rose to 3.3% in January
It was up from 2% in December as meat, bread and cereals drove the greatest price hikes. Plus, Arla publishes its annual figures
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NewsSky Wave Gin exceeds £100k crowdfunding target for ‘global expansion’
It is the second crowdfunding round for the distillery, following a £200k raise in 2022
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NewsBoparan feed mill deal given provisional go-ahead by CMA
Boparan Private Office is seeking to acquire feed mills owned by ForFarmers
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NewsThe Cumberland expands banking support to northern food and drink businesses
Northern food and drink companies can access The Cumberland’s financial services for the first time
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NewsCity snapshot: Kerry Group profits up 8% as prices fall
Kerry said numerous markets remained subdued with performance normalising compared to recent history. Also, British wage growth accelerates
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NewsKerry Group sees profits boost ahead of dairy sell-off
Kerry agreed to sell its Irish dairy operation last year to help simplify the business to a pure ingredients company
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NewsMedia Bites 18 February: Pret’s water bill, job cuts, Asda/Sainsbury’s merger
The pick of the retail news and headlines from Tuesday 18 February
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NewsRachel Reeves ‘rebuffs’ M&S chief’s call for compromise in National Insurance hike
The Chancellor is said to have stonewalled Stuart Machin’s call for the increase in employers’ National Insurance to be phased in
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NewsCity snapshot: UK employers weigh up wave of redundancies to cope with tax rises
Businesses across the UK are scaling back on hiring new staff and stepping up redundancy programmes in reaction to the fresh wave of employment taxes following the Labour budget, according to a new survey released this morning
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NewsMedia Bites 17 February: Post Office, Waitrose and Unilever snub
The papers have been focusing on tariff retaliation, a “snub” from Unilever and the continued fallout from last year’s October budget