Finance news – Page 143
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NewsCity snapshot: Nestlé sells peanut allergy treatment brand Palforzia
Nestlé has announced this morning it has divested peanut allergy treatment business Palforzia to Swiss healthcare company Stallergenes Greer
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NewsUK food and drink insolvencies surge
The number of UK food and drink manufacturing companies entering insolvency has more than doubled over the past 12 months, according to research from management consultancy groups Inverto
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NewsMedia Bites 4 September: Tesco/Shop worker abuse, Wilko, Asda
Tesco’s chief executive has called for a change in the law to make abuse or violence towards retail workers an offence across the UK
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NewsCity News: Pernod Ricard shares slide on US and China slowdown
Pernod Ricard hailed a “very strong” annual performance as it recorded double-digit sales growth and expanded margin, but shares were hit by warnings of slowdowns in key markets of China and the US
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NewsShareAction reports success in forcing healthier food policies
Pressure from a shareholder-led campaign group has resulted in major food and drink companies making their products healthier, research shows
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NewsItsu grocery sales to pass £50m thanks to NPD and new listings
Itsu’s grocery arm is on course to pass the £50m revenue mark this year after new listings and NPD drove a £10m-plus jump in third party sales
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NewsCity snapshot: Kris Licht to become Reckitt Benckiser CEO next month
Reckitt Benckiser has announced Kris Licht will take over from Nicandro Durante as CEO on 1 October
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NewsMedia Bites 1 September: Wilko, M&S, Reckitt Benckiser
The owner of HMV is finalising a deal to rescue the majority of Wilko’s operations, salvaging more than 8,000 jobs at the stricken high street retailer
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NewsHolland & Barrett accounts reveal extent of struggle
Holland & Barrett’s owner LetterOne bought back £700m of its debt in November 2022
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NewsPlastic tax needs ‘urgent rethink’ following Treasury’s £280m windfall
Earlier this month, figures from HMRC revealed the tax generated £276m in its first year of operation, £40m more than estimated by the Treasury before it was introduced
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NewsLoah hits £300k crowd goal to scale non-alcoholic beer
Alcohol-free beer startup Loah has hit a £300k crowdfunding target to help win further retail distribution and push into the on-trade
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NewsCity snapshot: Pernod Ricard hails ‘very strong’ annual performance in ‘normalising environment’
Pernod Ricard has posted double-digit annual sales growth despite ‘volatile’ market conditions, while expanding its margins
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NewsMedia Bites 31 Aug: M&S, Wilko, Asda
Marks and Spencer is making a return to the FTSE 100 four years after it dropped out
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NewsBidder for entire Wilko chain given until 5pm to provide more details
If details are not forthcoming, Wilko will be carved up and redundancies, which were paused yesterday, are likely to be restarted, according to GMB Union
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NewsAI fruit yield forecasting startup raises £2.8m ahead of commercial launch
The technology has been on trial at “at field-scale” with two UK soft fruit growers and processors, WB Chambers and Place UK, over the last two years
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NewsFearne & Rosie in mainstream push as jam challenger wins six-figure investment
Kids’ jam startup Fearne & Rosie has secured £450k to support the next stage of its development and turn its reduced-sugar spreads challenger brand into a household name
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NewsMedia Bites 30 Aug: Wilko, Brexit border controls, Marks & Spencer
An Anglo-Canadian bidder for collapsed retailer Wilko has criticised administrators PwC, questioning whether the process was “fair and transparent”
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NewsCity snapshot: M&S set for return to FTSE 100
M&S is expected to reclaim its spot in the list of the UK’s most valuable companies today for the first time in four years following a recent turnaround in fortunes.
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NewsGood Food Programme recruits seven new challenger brands
Each will receive a £15,000 equity-free grant and benefit from two years of specialised branding support
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NewsCity snapshot: UK food inflation continues to decelerate
Annual shop price inflation dropped to 6.9% in August as food inflation continues to decelerate, albeit food price growth remains in double digits