Finance news – Page 2
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NewsPoultry powers Pilgrim’s as pork market suffers
Group sales edged up from £4bn to £4.1bn in 2025, as 9% growth in Moy Park sales made up for a smaller drop in revenues at the former Kerry consumer meats business, Pilgrim’s Food Masters
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NewsDiageo culls breakthrough innovation team as part of global restructure
Projects pioneered by the Breakthrough Innovation team included What’s Your Whisky, Everpour and Fusion By Diageo
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NewsSunrise Beverages paid initial £1m to acquire Days Brewing, accounts show
The deal, announced in May of this year, saw Days join a roster of breweries including Curious Brewery, Gipsy Hill Brewing, Wild Beer Co and St Peter’s Brewery in the Sunrise portfolio
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NewsSainsbury’s and Morrisons held multibillion-pound merger talks
The early stage talks between the two supermarkets took place over a three-month period from November last year to February before Sainsbury’s walked away
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NewsParson’s Nose buys Farmison in bid to revive DTC brand
Upmarket butcher’s Parson’s Nose will revive Farmison after securing a deal to buy the shuttered brand from Vestey Holdings
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NewsJapanese tuna giant snaps up Sealaska’s £270m operation in sushi bid
Sojitz has earmarked Europe and the US as strong potential markets for white fish and value-added products such as sushi
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NewsTesco in the race to buy Majestic Wine
The UK’s biggest retailer is among a list of bidders weighing up an offer in an auction of Majestic, according to Sky News this weekend
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NewsLidl wins shoppers from rivals to boost sales and profits
The increased demand led to a 10.8% rise in turnover to £13bn in the 12 months to 28 February, Lidl revealed this morning
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NewsPoundstretcher opening wholesale clearance store at head office
The warehouse is ‘stacked high’ with ‘case stock at knockout prices’, according to Poundstretcher CEO Andy Atkinson
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NewsThirst for energy drinks drives £50m bump to Lucozade owner revenues
Sales at Suntory climbed 8.5% to £598.4m for the year to 31 December 2025, supported by launches of new products and advertising campaigns
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NewsTesco reveals brand winners of its 2026 Accelerator programme
The nine brands have been selected to support Tesco’s ambition to be first for innovation
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NewsGreggs shares soar on upgraded profit guidance and cost-cutting
Greggs’ share price has hit its highest point in more than a year, after the high street stalwart upgraded its profit guidance and unveiled major cuts to its manufacturing base
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NewsLipton Teas & Infusions slumps to a loss amid revitalisation push
The tea group’s sales fell by 15.1% to £94.8m in 2025, as the business lost volume share in an already shrinking category
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NewsWildfarmed racks up losses but scales impact
Losses have continued to mount at Wildfarmed despite a 24% jump in revenues as the regenerative farming company prioritisef scaling its impact in the food and agriculture industries
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NewsBoots’ owner ‘close to securing £7bn deal to sell the retailer’
A deal to sell Boots to the Weston family could be reached as soon as next week, according to reports
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NewsAkt raises £2m for US expansion
Akt has secured £2.3m in fresh capital to support expansion into the US
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NewsWilliam Grant & Sons blames ‘challenging’ market conditions for sales and profits slide
It comes after a similarly challenging 2024 when sales at William Grant & Sons fell by 6.5% and pre-tax profits slumped 30%.
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NewsRetail paying 72p per £1 in business taxes, finds BRC analysis
The BRC and UKHospitality called on Chancellor John Healey to remove high street retail and hospitality businesses from the business rates high-value multiplier in the budget
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NewsTilray CEO praises ‘very supportive’ UK retailers as BrewDog turnaround kicks off
The CEO of Tilray Brands has praised the UK’s ‘very supportive’ retailers for maintaining distribution of BrewDog’s beers amid the brand’s administration and forced sale
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NewsGreggs CEO: ‘We’re making ourselves fit for the future’ as chain plots factory closures
‘We are a strong growing business, and as we continue to invest in our future we must keep evolving alongside changing customer expectations,’ said Greggs CEO Roisin Currie