Finance news – Page 150
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NewsCity snapshot: Wynnstay taps investors for £10.6m to fund growth and M&A
Agricultural supplies group Wynnstay has raised £10.6m via the placing of new shares to fund future growth and acquisitions
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NewsMedia Bites 18 August: inflation, wonky veg, Haleon
The main story of the day is the latest inflation figures, with UK inflation passing double-digits for the first time in 40 years.
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NewsCCEP launches sustainability-linked supply chain financing programme
GB Coke bottler Coca-Cola Europacific Partners has launched a new finance programme to encourage suppliers to make their businesses more sustainable
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NewsSamworth Brothers pays tribute to late founder and life president Sir David Samworth
The group said Sir David helped shape the modern food industry over ‘a long and successful business career’, as well as giving ‘distinguished service’ in many other roles
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NewsFilshill acquires wholesaler Iain Hill for undisclosed sum
Iain Hill started the eponymous wholesale business from a garage 32 years ago
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NewsCity Snapshot: Food prices soar to 14-year high
Food and drink prices have jumped sharply once again as inflation in the sector continued to race ahead of the UK headline rate. Plus, first-half results from Carlsberg and Glanbia.
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NewsMedia Bites 17 Aug: Aldi/Market share, Iceland, Walmart
Aldi is poised to join the ranks of the Big Four supermarkets, eclipsing Morrisons, as cost-conscious customers were drawn to its cheaper product lines
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NewsPleesecakes hits crowdfunding target ahead of planned nationwide retail rollout
The round on Seedrs values the business launched by former painter-and-decorator Joe Moruzzi in 2017 at £6.2m.
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NewsIceland rolls out Food Club interest-free loans to all UK households
Successful applicants will get a preloaded Food Club card, which they can then use to shop in store or online both at Iceland and The Food Warehouse
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NewsCity snapshot: Grocery inflation hits new high of 11.6% to lift supermarket sales
Supermarket sales rose by their highest level for over a year in the most recent 12-week period as a new inflationary high boosted sector revenues
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NewsMedia Bites 16 August: Aldi, Treatt, Gusbourne
The papers focus on a pay rise for Aldi warehouse workers and a profits warning at Treatt.
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NewsJohn Lewis and Waitrose employees using financial support fund on the rise
The JLP’s financial assistance fund helps workers struggling to pay their bills via grants and interest-free loans
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NewsTreatt shares plunge on inflation-driven profits warning
Shares in Treatt have lost a third of their value after the ingredients business warned its profits would be much lower than expected as a result of sluggish consumer confidence in the US and soaring cost inflation
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NewsSpeyside Brewery to recommence production from new site following investment
The Forres-based brewery will move to a new site ‘a few yards’ away, after being mothballed during the pandemic
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NewsGü splashes £4.5m on rebrand and adds four new SKUs
The posh desserts brand aims to increase its retail sales value from £70.7m to £90m by October 2023
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NewsCity Snapshot: Hellofresh unveils record revenues but at expense of lower profits
HelloFresh has revealed record quarterly revenues as the meal kit firm increased its customer base further, but profits fell back as the group spent more on marketing. Plus, Treatt revises profit expectations down significantly and wine maker Gusbourne more than doubles sales.
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NewsMedia Bites 15 Aug: Cooks Coffee, Supermarket barbecues, Haleon
Britain’s fourth-largest coffee shop chain, Cooks Coffee, is drawing up plans to list on the London stock market, providing a bright spot amid an ongoing drought of new UK listings
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NewsDeliveroo investors shrug off bad news to focus on margin improvement
Widening losses, slowing growth and the loss of an industry heavyweight from the board are an unusual recipe for success, but Deliveroo’s shares were up again this week as the City welcomed its progress on margin improvement
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NewsHeinz UK sales remain up on pre-pandemic levels despite post-stockpiling falls
The end of Covid stockpiling saw Heinz sales fall back in the UK last year, but revenues remained above pre-pandemic levels thanks to a strong ketchup and infant performance
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NewsLucozade Ribena Suntory sales rebound as on-the-go recovers
Lucozade Ribena Suntory saw a sharp rebound in sales last year as on-the-go consumption returned in the wake of Covid restrictions