Finance news – Page 249
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NewsSliabh Liag drinks to £1.5m crowdfunding success for Irish whiskey distillery
Irish whiskey, gin and vodka producer Sliabh Liag, which is backed by Asahi and former SABMiller executives, has smashed its £1m crowdfunding target.
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NewsMission Ventures opens up Good Fund Fund to wider category of brands
Food and drink accelerator Mission Ventures has reopened applications for its Good Food Fund.
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NewsCoca-Cola European Partners invests in self-pour revolution
Coca-Cola European Partners is bringing self-pouring technology to hospitality customers in Europe after acquiring a 25% stake in Innovative Tap Solutions.
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NewsMedia Bites 10 September: Brewdog, Tesco, Cake Box
Brewdog founder James Watt has criticised Boris Johnson over his commitment to climate change
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NewsCity snapshot: Morrisons profits dented by extra coronavirus costs
Morrisons has reported a surge in first half sales, but a double-digit fall in profitability as the extra costs of operating through the coronavirus crisis hit its bottom line.
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NewsBakkavor first half sales drop in ‘challenging’ market
Ready meals maker and fresh foods producer Bakkavor saw a 4.6% fall in first half revenues as Covid-19 had a “significant impact” on performance.
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NewsUK retail sales continue to recover but city centres remain ‘devastated’
Retail sales continued to recover in August, but remain well down on an annual basis as the country recovers from lockdown.
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NewsCity snapshot: Wincanton raises market expectation on back of online demand
The online shopping boom during the coronavirus pandemic has significantly boosted revenues and profits at logistics group Wincanton
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NewsMedia Bites 9 Sep: Iceland, Amazon, Fevertree
Supermarket Iceland has created 3,000 new jobs to cope with the huge extra demand for online groceries
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NewsMedia Bites 8 September: AB InBev, Charles Wilson, Amazon, Primark
Anheuser-Busch InBev has launched a process to replace chief executive Carlos Brito
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NewsCity snapshot: Fever-Tree sales and profits slump amid coronavirus lockdowns
Premium drinks mixer producer Fever-Tree saw a double-digit drop in sales and profitability as the shutdown of bars, pubs and restaurants hit first half trading. Plus, on a hectic morning, retail sales rebound in August, trading updates from Bakkavor, McBride, DS Smith and Applegreen joins US service station project
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NewsCity snapshot: ABF profits boost from rising grocery sales
Associated British Foods has benefitted from a surge in grocery sales during the coronavirus outbreak and better-than-expected trading at Primark in the fourth quarter
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NewsMedia Bites 7 September: Brexit, Asda, Iceland
The government is planning new legislation that will override key parts of the Brexit withdrawal agreement, risking the collapse of trade negotiations with Brussels
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NewsLockdown sales surge helps B&M reach FTSE 100
The coronavirus crisis has helped propel B&M Bargains owner B&M European Value Retail into the FTSE 100, six years after making its stock market debut.
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NewsAlkaline ionised bottled water brand Actiph plots US push after £1.2m fundraise
Fast-growing alkaline bottled water brand Actiph has raised £1.2m to underpin its international expansion plans and further boost its UK distribution.
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NewsPetfood supplier Forthglade eyes expansion following sale to IK Investment Partners
Premium dogfood supplier Forthglade is eyeing an international expansion push and broader range after its £50m sale to European investment firm IK Investment Partners.
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NewsBurleighs Gin funding drive tops £100k to launch into non-alcoholic market
Craft brand Burleighs Gin has hit a £100,000 crowdfunding target to expand into the booming ‘low & no’ category with a non-alcoholic variant.
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NewsCity Snapshot: Empty offices leave retail locations deserted
UK footfall remained 34.8% down year-on-year in August despite the reopening of shops and the ending of lockdown as empty offices mean footfall is not returning to towns and city centres.
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NewsMedia Bites 4 Sep: Costa Coffee, Pret a Manger, Ocado
Costa Coffee has announced up to 1,650 redundancies after becoming the latest high street business to be hit by the dearth of city centre shoppers
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NewsMedia Bites 3 September: Organic sales, Eat Out to Help Out, Domino’s
Sales of organic food and drink rose sharply in the UK during lockdown