Finance news – Page 2
-
NewsPremium own-label sales to hit £1bn for first time, Worldpanel predicts
Sales of these goods were worth £582m October
-
NewsHilton Foods’ seafood recovery hit by US shutdown
Hilton cut its profit forecast for the year and expects 2026 to be ’difficult’
-
NewsSpending ‘subdued’ as shoppers prioritise saving amid budget worries
BRC CEO Helen Dickinson used the latest BRC-KPMG Retail Sales Monitor to warn Rachel Reeves not to undermine ‘fragile’ consumer confidence
-
NewsApplied Nutrition pumps up sales and profits following IPO
In its first set of full-year results as a listed company, Applied Nutrition posted a 24.2% rise in sales to £107.1m in the 12 months to 31 July, delivering on recently upgraded forecasts
-
NewsHain Celestial making progress with comprehensive review of portfolio
Hain Celestial is making ‘good progress’ on a strategic review of its portfolio as the performance at the owner of Ella’s Kitchen and New Covent Garden Soup continued to falter
-
NewsTrip valued at $300m as it secures $40m for US push
Drinks brand Trip has raised $40m (£30.5m) in its latest fundraising to support its rapid growth in the US market
-
NewsDiageo names former Tesco boss Dave Lewis as new CEO
Diageo has named former Tesco boss Dave Lewis as the Johnnie Walker and Guinness owner’s next chief executive
-
NewsLimetrack scores seven-figure investment to help tackle food waste
Food waste technology firm Limetrack has raised more than £1.3m to fuel its next phase of growth across the UK and Europe
-
NewsFeragaia sells majority stake to Isle of Raasay whisky owner
Alcohol-free spirits challenger Feragaia has been snapped up by independent luxury goods group Chanrossa
-
NewsWilliam Grant & Sons confirms new leadership following CEO departure
William Grant & Sons has confirmed the departure of CEO Søren Hagh
-
NewsAssociated British Foods investors divided over Primark separation plans
Investors were divided this week about the potential for Associated British Foods to break up the group with a separation of Primark and the food business
-
NewsBakkavor deal inches closer as Greencore agrees to sell off factory
Greencore’s £1.2bn takeover of chilled rival Bakkavor has been greenlit by the CMA, after the markets watchdog accepted in principle the food giant’s plan to sell off its Bristol sauces and soups plant
-
NewsNomad Foods ‘making progress’ despite Q3 profit hit
Nomad Foods chief executive Stéfan Descheemaeker has insisted the company is ‘making progress’ on profit initiatives, after the company revealed a slow summer had knocked earnings by 14.2%
-
NewsDiageo to sharpen focus on RTDs as spirits softness persists
Pre-batched cocktails could help Diageo meet evolving consumer need states including a desire to consume less alcohol and fewer calories, interim CEO Nik Jhangiani said
-
NewsSainsbury’s CEO: ‘we’re not in any discussions’ to sell Argos
Sales at Argos grew by 2.3% in the first half of 2025
-
NewsTate & Lyle ‘disappointed’ as sales slip
The ingredients maker is now accelerating a series of moves to try and return to growth
-
NewsSainsbury’s raises profit guidance as momentum continues
Sainsbury’s previously warned profits would fall as it invested in price
-
NewsDiageo blames ‘softer US consumer’ for failure to return to growth
The Johnnie Walker maker has slightly downtraded sales and profit forecasts after a disappointing first quarter
-
NewsUnilever ice cream division declares Ben & Jerry’s chair ‘unfit to serve’ the brand's board
The Magnum Ice Cream Company has decided Ben & Jerry’s chair Anuradha Mittal ‘no longer meets the criteria’ to serve in her board role
-
NewsWilliam Grant & Sons silent on CEO exit reports
William Grant & Sons reported a 30% decline in profits in the year ended 31 December 2024