Finance news – Page 26
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NewsUrban Legend prepares for collapse in blow to non-HFSS snacking
It is understood a deal has been agreed by an unnamed buyer for the IP and patented technology behind the company’s scientifically engineered non-HFSS doughnuts
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NewsUnilever confirms veteran Srinivas Phatak as new CFO
Phatak took on the acting CFO role in February after Unilever unexpectedly ousted CEO Hein Schumacher
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NewsBrits turn to supermarkets for school essentials after prices drop
Supermarkets saw a surge in sales of school clothes and lunchbox staples after investing in prices
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NewsTesco-backed ‘healthier’ cookie brand Jnck Bakery shuttered
Low-HFSS cookie company Jnck Bakery has entered liquidation after being delisted by Tesco, its major backer
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NewsFood inflation to hit 5.7% by Christmas, warns FDF
The FDF claims inflation will now reach 5.7% by December, an increase from its forecast of 4.8% made in June
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NewsSainsbury’s ends talks to sell Argos to China’s JD.com
The grocer’s plans to sell the retailer only emerged on Saturday
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NewsDiageo jobs at risk amid Northern Ireland ‘consolidation’
It is understood that around 60 positions could be affected by the move
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NewsAssociated British Foods shares plummet on consumer spending worries
Investors retreated from Associated British Foods this week as markets worried about a bleak consumer outlook after Primark’s sales came under pressure and the group’s grocery and sugar divisions also struggled
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NewsByron Burger future in doubt ahead of potential admin’
Tristar Foods filed a notice of intention to appoint an administrator with the courts on 10 September
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NewsFever-Tree plots further non-alcoholic innovation in response to growing demand
Retailers were demanding new non-alcoholic serves, Fever-Tree CEO Tim Warrillow said
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NewsWhole Foods Market losses in the UK total more than £200m as sales decline
Whole Foods Market has posted another large loss in the UK as sales declined by 7% last year on the back of store closures
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NewsMagnum unveils vision for growth outside of Unilever
The Magnum Ice Cream Company has unveiled its vision for growth after its official split from Unilever in November 2025
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NewsFever-Tree’s profits fall after Molson Coors tie-up
Molson Coors bought a stake in Fever-Tree this year as part of a deal to produce, distribute, and sell the drinks brand in the US
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NewsTHG profits down a third due to high whey prices
But the company said trading momentum is building with strategic model changes now bearing fruit
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NewsJohn Lewis Partnership racks up losses in pursuit of rivals
The group insisted it is still ‘well positioned’ to deliver full-year profit growth
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NewsHeineken ups stake in Served but ditches Rum Stripe after sales flop
The brewer paid £2.4m to increase its minority shareholding in Served to 40% last year
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NewsAssociated British Foods struggles with losses for Allied Bakeries and sugar business
ABF CEO George Weston said in a trading update this morning that he was ‘pleased’ with how the group performed in the second half of its financial year
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NewsBen & Jerry’s co-founders intervene in Magnum investor day to demand divestment
The co-founders of Ben & Jerry’s have called on The Magnum Ice Cream Company to release the brand from its ownership, as a dispute over the “erosion” of Ben & Jerry’s progressive voice boils over
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NewsPret a Manger unveils meal deals and US expansion as 2024 sales jump
The new medium-term strategy will see Pret doubling down on value to grow transactions and increase food-to-go market share
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NewsSOS Wholesale enters administration as majority of staff made redundant
The discount delivered wholesaler has suffered from rising input costs and changing consumer spending habits over recent months