Finance news – Page 15
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NewsFood inflation slows to just 2.2%
Annual food inflation slowed to its lowest rate since December 2024 in May, falling to just 2.2% from 3% in April
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NewsParents must find £200 more for groceries thanks to Iran war, says IGD
The IGD has forecast food inflation to peak at 5.5% in the second half of 2026
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NewsFolc wines beats £650k crowdfunder target in 24 hours
Folc has raised nearly £900k from more than 110 investors, with 30 days to spare on its crowdfunder on Republic
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NewsYum Brands to sell Pizza Hut in £2bn deal
The restaurant chain will be sold as part of two separate transactions, with Pizza Hut, excluding mainland China, being sold to LongRange Capital for $1.5bn
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NewsMondelez appoints new finance chief
Due to join on 1 July, the new hire will succeed former CFO Luca Zaramella in the role
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NewsHovis-ABF merger gets final approval from competition watchdog
The markets watchdog’s final judgement found that Allied Bakeries would have had to close down if the merger fell through
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NewsHilton Food Group appoints new chairman
Mark Clare will take on the role of non-executive chairman on 1 July, with Mark Allen officially becoming CEO of the group on the same day
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NewsFlora bounces back to growth in UK
Flora Food Group has returned to growth in the UK, as it offset falling volumes with higher pricing
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NewsChance Clean Cider kicks off £1m raise for non-alcoholic cider expansion
The upcoming £1m raise will be used to fund growth across retail, ecommerce and the on-trade through a draught launch, alongside pushing into international markets. Chance will also scale its team to support the next phase of expansion
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NewsPetcare player Lily’s Kitchen surpasses £100m in sales
Founded by Henrietta Morrison in 2008, Lily’s has a long history of rapid growth. Its turnover stood at £40m when Nestlé acquired the brand from its private equity backers in 2020
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NewsSigma Healthcare drops out of talks to buy Boots
The company has ‘concluded that such an acquisition would not currently meet its strategic and capital investment objectives’
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NewsWH Smith market cap slumps to just £550m from £3bn pre-pandemic peak
WH Smith investors can’t catch a break. Shares in the travel retailer plunged 18% this week after it issued its fourth profit warning in 12 months and sold discounted shares in exchange for a £100m cash injection.
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NewsMomo Kombucha eyes retail listings ahead of Brixton brewery move
It comes after Momo launched a major fundraising drive last year
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NewsVirgin warns of unexpected losses as consumers feel the pressure
The online wine retailer now expected to fall into the red as the effects of the Iran war combined with increased taxes in the form of duty and packaging levies
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NewsBettys & Taylors growth slows but momentum for Yorkshire Tea continues
Growth at Bettys & Taylors slowed significantly as the Yorkshire-headquartered group adjusted to the challenging consumer backdrop
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NewsCurrency volatility hitting profitability for food and drink exporters, study finds
Nearly half (45%) of UK food and drink businesses operating on margins below 10% had seen profitability slashed by a third over the past year
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NewsWeight-loss drugs wipe £780m off Britain’s grocery sales
Nearly two million British adults now take the appetite-surpressing drugs
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NewsBoots’ owner considers £7.5bn sale instead of IPO
Sycamore Partners has been in discussions with ABF’s majority owner the Weston family, and with Australian pharmacy group Sigma Healthcare
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NewsDRS: thousands more retailers given option to opt out
Exchange for Change has also outlined details of new grants to help retailers shoulder the cost of rolling out reverse vending machines
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NewsLakrids By Bülow set for robust 2026 as cocoa prices normalise
Premium liquorice maker Lakrids By Bülow is on course for another year of double-digit growth in 2026 after reporting a 19% jump in revenues to DKK449m (£51.8m) in 2025