Finance news – Page 242
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NewsCity Snapshot: PZ Cussons swings to a loss as turnaround effort makes progress
Personal care group PZ Cussons has swung into the red as it put a turnaround plan into action, with CEO Jonathan Myers hailing the initial progress but recognising there was “much more to do”. Plus, full-year results from Eagle Eye.
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NewsMedia Bites 22 September: CO2, Pret, Pernod Ricard
The CO2 crisis remains front-page news as the government strikes a deal to restart production.
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NewsPret a Manger unveils ambitious growth plans after losses spiral to more than £250m
The Covid pandemic wiped more than £400m from Pret’s sales in 2020
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NewsPernod Ricard expands in e-commerce with The Whisky Exchange acquisition
The London-headquartered business sells a catalogue of about 10,000 products online and in its three stores in London
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NewsCity Snapshot: C-stores boosted by return of pre-Covid shopping habits
A gradual shift to pre-pandemic shopping behaviour has delivered a boost to the UK’s convenience store market, according to the latest monthly data from NielsenIQ. Plus, a fourth quarter trading update from Compass Group, and full-year results from Real Good Food.
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NewsMedia Bites 21 September: CO2, Aldi, Philip Morris
The crisis in the food and drink industry caused by the CO2 shortage continues to make headlines in the papers this morning.
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NewsCity Snapshot: Finsbury Food Group shows signs of recovery from Covid
Bakery group Finsbury Food has boosted sales and profits as it adapted to the ongoing coronavirus pandemic and saw lost foodservice business begin to recover. Plus, Supermarket Income REIT has added six more supermarkets to its portfolio, and Ultimate Products has signed a license brand endorsement with Weight Watchers.
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NewsMedia Bites 20 September: CO2, Sainsbury’s, Morrisons, Unilever, M&S
The ongoing CO2 crisis makes the headlines in this weekend’s papers.
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NewsCity News: Ocado Retail suffers impact of Erith fire as growth takes hit
The joint venture between Ocado and M&S saw a 10.6% drop in third-quarter revenues from £578.8m back to £517.5m
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NewsReusable nappy Bambino Mio lands £13m in new investment
Reusable nappy brand Bambino Mio has netted a £13m investment from BGF to boost growth in the UK and beyond
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NewsWarp Snacks reports ‘exceptional’ start to trading
Sales of Warp Snacks, the company created after Exponent’s acquisition of Proper Snacks, are up almost 30% this year.
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NewsCity snapshot: Retail sales continue to slide in August
Retail sales were down once more in August as the return of the hospitality industry hit food sales
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NewsMedia Bites 17 Sep: John Lewis, Philip Morris, The Co-op
The owner of John Lewis and Waitrose slashed losses to £29m in the first half of its financial year, but warned it faced “significant uncertainty” about trading over Christmas
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NewsMüller bounces back into black after several years of losses
The dairy giant posted an operating profit of £17.2m last year, according to its latest accounts
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NewsCity Snapshot: John Lewis cuts losses but exceptional costs leave it in the red
The John Lewis Partnership has bounced back from a £635m loss in its first half of 2020, but remains in the red. Plus interim results from The Co-op and Hilton Food Group, while Phillip Morris declares victory in Vectura battle.
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NewsMedia Bites 16 Sep: Inflation, John Lewis Partnership, Fever-Tree
Rise in food and transport costs sends inflation soaring to highest increase on record
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NewsGail’s Bakery owner Bread Holdings sold to Bain Capital
US private equity player Bain Capital has acquired Gail’s Bakery and The Bread Factory owner Bread Holdings alongside fellow investor EBITDA Investments
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NewsCity snapshot: International growth drives 36% Fever-Tree sales rise as margins slide
Premium mixers suppliers Fever-Tree has posted a 36% rise in year-on-year revenues in the first half of the year, though rising cost pressures meant margins contracted
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NewsMedia Bites 15 Sep: Ocado, Gail’s, Morrisons
Ocado has been left nursing losses of £10m after a major fire at its biggest robotic warehouse knocked £35m off sales
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NewsCity snapshot: Ocado sales drop 10.6% as Erith fire and online slowdown hits growth
Ocado Retail has announced a 10.6% drop in third quarter revenues as it suffered the effects of a fire at its Erith customer fulfilment centre and exceptional strong comparatives from 2020. Plus, CD&R strikes agreement with Morrisons pension scheme trustees, grocery sales fall and all the rest of the latest news from the City.