Finance news – Page 143
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NewsCity snapshot: UK retail footfall rises to post-pandemic high
UK footfall came within 10% of pre-pandemic levels for the first time in September, despite mounting pressure on consumer spending
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NewsRamsden International sinks to first loss in company’s history as Brexit hits sales
Ramsden International has fallen to its first-ever loss as new Brexit rules hit revenues at the wholesale exporter.
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NewsMedia Bites 7 October: Imperial Brands, Arla Foods, Diageo
Imperial Brands has launched a £1bn share buyback programme to reward shareholders.
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NewsTree of Life and Health Store suppliers £20m out of pocket following collapse
Hundreds of suppliers have been left almost £20m out of pocket by the collapse of Tree of Life and sister distributor The Health Store, with a number of start-ups struggling to survive the fallout
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NewsCity snapshot: Imperial Brands launches £1bn share buyback scheme
Tobacco player Imperial Brands has announced the launch of a multi-year share buyback programme, with the intention of buying back £1bn shares by the end of September 2023. Plus a trading update from Diageo and all the rest of the latest news from the City.
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NewsMedia Bites 6 October: Tesco, Unilever, Ocado
Coverage of the latest results from Tesco makes up the bulk of retail news in this morning’s papers.
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NewsHackney Gelato to increase marketing investment after hitting £600k crowd target
It has so far raised £667k from more than 312 backers on the Crowdcube platform, with the campaign valuing the challenger at £10m.
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NewsMedia Bites 5 October: Greggs, fuel prices, Christmas retail
UK bakery chain Greggs has defied hospitality industry gloom with a 15% rise in sales
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NewsNurture Brands expands snacking portfolio with Indie Bay Snacks
Nurture Brands, owner of Rebel Kitchen and The Primal Pantry, has agreed a deal to acquire pretzel supplier Indie Bay Snacks
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NewsCity snapshot: Tesco profits squeezed as customers ‘watch every penny’
Profits at Tesco fell back in the first half as customers faced “a tough time” but rising food prices helped Britain’s biggest supermarket grow sales.
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NewsVegan ready meal brand The Brook closes after ‘challenging’ six months
In a recent LinkedIn post, CEO Thea Brook wrote that the business had ‘battled hard through one economic crisis after another’ since its launch in 2019
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NewsInflation could cut Asian dairy demand and UK exporting prospects
British dairy has been targeting the region’s high growth economies
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NewsCity snapshot: Greggs posts double-digit quarterly growth amid surging inflation
Greggs posted growth of 14.6% in its third quarter as it continues to grow its store estate, but cautioned over the impact of economic uncertainty and significant cost inflation
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NewsMedia Bites 4 October: Tory conference, John Lewis, Quality Street
Coverage in this morning’s papers is dominated by the latest news from the Conservative Party conference in Birmingham.
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NewsCurrency jitters could worsen pork supply woes even as exports rebound
The warnings come as overseas sales revive to near pre-Brexit levels
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NewsCity snapshot: Real Good Food embarks on “radical” reforms to save turnaround attempt
Real Good Food has unveiled a radical reform programme to deal with inflationary pressures and protect its attempted turnaround. Plus, PM abandon plans to scrap top rate of tax.
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NewsMedia Bites 3 October: Morrisons, Unilever, Science in Sport
Morrisons is facing a near-£100m surge in its borrowing costs as market turmoil heaps pressure on the highly leveraged supermarket chain
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NewsCity News: On-the-go rebound boosts AG Barr and SSP Group
The post-Covid rebound in on-the-go consumption boosted drinks group AG Barr and travel retailer SSP Group this week, though concerns remain over tougher trading conditions to come
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NewsKP Snacks posts strong growth as out-of-home bounces back
KP Snacks returned to strong growth last year as out-of-home snacking rebounded and it gained share in grocery
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NewsMcBride shares rally as it strikes agreement with lender amid early signs of recovery
CFO Mark Strickland said the amended financing agreement was “an excellent outcome” following a “very difficult” trading period that provided the group with funding certainty as its propsects recover.