Finance news – Page 16
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NewsCarlsberg grows top and bottom line despite volume softness
Sales slowed significantly in the second half of the year, however
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NewsMedia Bites 6 February: interest rates, M&S and Brexit, Tesco eyeing Post Office branches
Interest rates look likely to fall today due to a sluggish economy and a softening in the labour market
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NewsAsda must restore revenue growth to avoid credit derating, Moody’s warns
Chairman Allan Leighton must fix the operational issues plaguing the chain in the coming months to avoid any further declines in its credit rating
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NewsMondelez expects drop in earnings due to ‘unprecedented’ cocoa costs
The chocolate maker’s share price is down almost 30% over the past year
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NewsWholegood creditors facing multimillion-pound losses
Wholegood owed creditors more than £7m when founder Carl Saxton-Pizzie saved the business in a pre-pack administration just before Christmas, new documents have revealed
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NewsNew year health kick sees fruit & veg sales rocket
Half of all UK households now say they cook from scratch most days
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NewsMedia Bites 5 February: more Trump tariff fallout, Diageo results, Kantar figures
Trump’s tariffs continue to dominate business headlines for a third day running
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NewsTony’s Chocolonely sales hit €200m but losses mount due to record cocoa prices
The strong growth came amid a tumultuous year for chocolate makers as cocoa prices hit record highs
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NewsSteven Bartlett steps down as Huel director
Filings at Companies House confirmed Bartlett and fellow non-executive Emma Woods were no longer directors at the business
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NewsPepsiCo misses sales forecasts due to weak US demand
Shares in the company fell 2% in pre-market trading
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NewsDiageo ‘working round the clock’ to replenish Guinness stocks
Guinness has bucked wider declines in beer, leading to shortage fears
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NewsPromotions boost supermarket sales in January
Supermarkets kept shoppers spending after Christmas by offering a raft of promotions as take-home sales rose by 4.3% in January
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NewsMedia Bites 4 February: tariffs, self-checkouts, Asda, Diageo, Unilever, WH Smith
The news this morning continues to be dominated by the two Ts – Trump and tariffs
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NewsCity snapshot: Diageo’s shares slip after scrapping sales forecast
Diageo shares have slipped in early trading after the drinks giant issued a crucial set of half-year results. Also, supermarket sales keep rising in January
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NewsDiageo removes medium-term sales guidance as US tariffs loom
The drinks giant blamed economic and political uncertainty for the removal of a medium-term target
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NewsJames Watt invests £10k in Cosi Care after Instagram pitch competition
Watt has invested £10k in the personal care startup after running a ‘pitch-in-a-comment’ competition to promote his House of Unicorns reality TV show
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NewsPooch & Mutt acquires pet gut health firm Biome9
Natural petcare brand Pooch & Mutt has expanded its offering with the acquisition of gut health testing tech firm Biome9, which is backed by Warburtons boss Jonathan Warburton and former Pets at Home CEO Peter Pritchard
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NewsMicroSalt raises £2.3m in preparation for surging demand for less salt
The low-sodium salt producer completed a multimillion-pound raise to ramp up its inventory to meet anticipated demand from snack manufacturers looking to make healthier products
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NewsCity snapshot: Ultimate Products shares crash amid weak consumer demand
Homeware group Ultimate Products is the latest consumer-facing firm to take a hit from the current challenging market conditions as revenues slide on weaker demand for general merchandise
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NewsMedia Bites 3 February: Trump tariffs, Diageo ‘hangover’ and full-fat milk resurgence
Trump’s warnings to the EU and UK have been the hot topic in the papers this morning