Finance news – Page 192
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NewsPremier Foods hails growth as its brands appeal to cash-strapped shoppers
Premier Foods has reported a “strong start” to the year as its stable of noodles, sauces and stock cubes helped shoppers in search of cheaper meals.
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NewsMedia Bites 20 July: Grocery market share, Hotel Chocolat, Ocado Retail
Inflation in the price of groceries is close to a record high of nearly 10%, costing shoppers an additional £454 a year at the till
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NewsCity Snapshot: Food prices rise faster than headline rate of inflation
Food and drink prices have soared higher than the headline rate of inflation in June as sharp rises in input costs fed through to supermarket shelves. Plus, Premier Foods reports a “strong start” to its financial year; and Finsbury Food Group issues a pre-close trading update.
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NewsCity snapshot: Supermarket sales return to growth amid soaring inflation
Grocery sales returned to modest growth over the past 12 weeks for the first time in more than a year as inflation soared to almost 10%
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NewsMedia Bites 19 July: GlaxoSmithKline, Deliveroo, petrol prices
GSK’s consumer health spin-off Haleon has become the largest London listing in more than a decade on its first day of trading, making the owner of Sensodyne toothpaste and Panadol painkillers the world’s biggest standalone consumer health business.
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NewsRising costs trigger surge in profit warnings in first half of 2022
A record number of grocery stocks issues profits warnings in the first half of 2022 as spiralling costs squeezed margins and consumers tightened purse strings.
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NewsCapVest enters confectionery market with acquisition of Natra
Established in 1943, the Spanish company specialises in cocoa ingredients and chocolate products for private label and co-manufacturing for other brands.
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NewsMedia Bites 18 July: Starbucks, Fever-Tree, Haleon/GSK
Starbucks is exploring a potential sale of its UK operations as it faces rising costs and competition from newer operators
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NewsCity snapshot: Deliveroo slashes sales outlook as cost-of-living crisis squeezes consumers
Top story Deliveroo has downgraded its sales forecasts for the year as squeezed consumers cut back their spending on takeaways. In a trading update, the group revealed gross transaction value (GTV) growth for the second quarter plunged to just 2%, compared with 12% in the first three ...
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NewsCity News: PepsiCo revenues up, but margins slip
US food and drink giant PepsiCo was the first global fmcg group out of the traps with its second quarter results this week
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NewsCity snapshot: FeverTree issues profits warning on soaring costs
FeverTree has lowered its annual profits forecast as a result of increasing cost pressures and labour and glass shortages
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NewsMedia Bites 15 July: Amazon, Pret a Manger, Asda, SSP
Amazon will create more than 4,000 permanent jobs to become one of the UK’s top employers, while Pret a Manger handed a near-£4m share bonus and 27% salary rise to its chief executive.
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NewsTree of Life owner in talks with banks to secure future
The group behind health food distributor Tree of Life is in talks with lenders to secure its future as it battles supply chain issues and rampant inflation, The Grocer has learned.
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NewsNaked Sprout exceeds crowdfunding target to reinvent sustainable tissue category
Eco tissue products challenger Naked Sprout has raised more than twice its targeted goal in a crowdfunding campaign as it seeks to shake up the category and take on sustainable rival Cheeky Panda.
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NewsCity snapshot: SSP Group sales continue to rebound on travel sector recovery
Travel retail player SSP Group has continued to rebuild revenues after Covid, with third quarter sales back up to 87% of pre-pandemic levels. Plus trading updates from McBride and Poundland owner Pepco Group.
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NewsMeat snacks player New World Foods sales jump on protein snacking growth
Kings, Wild West and Cruga owner New World Foods has posted a double digit jump in sales and profits in the run-up to its acquisition by Valeo Food Group last year.
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NewsMedia Bites 14 July: Wetherspoons, Tesco, inflation
A trading update from pub operator JD Wetherspoon is the main retail news in the papers this morning.
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NewsLove Ocean returns to the crowd for further growth funding
The refillable toiletries brand is currently overfunding on Crowdcube
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NewsValeo Foods eyes more deals as it brings in global head of M&A
Deal hungry ambient food group Valeo Foods has signalled its intent to continue a global acquisition spree with the appointment of a head of M&A
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NewsMedia Bites 13 July: PepsiCo, JAB Holdings, Diageo
PepsiCo predicted inflation would stay elevated for the rest of the year, and said it remained open to raising prices further