Finance news – Page 3
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NewsMcBride adds Iran war surcharge, buys French cleaning tablet maker
McBride has informed all its customers of a temporary rise in prices to recover higher costs from the Iran war
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NewsUnilever and McCormick investors bail as $44.8bn food deal agreed
Investors in Unilever and McCormick rushed for the exit after news of its $66bn (£49.8bn) food merger broke on Tuesday lunchtime
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NewsPrinces prepares for first acquisitions after London IPO
Princes Group is getting ready to pull the trigger on its maiden deals as a public company, with three potential purchases lined up
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NewsBlank Street in talks to raise over $100m to drive expansion
In 2024, Blank Street UK delivered pre-tax profits of £1.3m, while turnover surged by 214% to £35.8m
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NewsFDF revises food inflation forecast to over 9% by end of 2026
The FDF has predicted food inflation will reach over 9% by the end of 2026, after revising its forecasts
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NewsUnilever sells food business to McCormick in $66bn mega-merger
The deal will combine Unilever brands including Hellmann’s and Knorr with McCormick’s self-branded spices alongside Cholula and Frank’s hot sauces
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NewsFood sector veteran takes CEO role at meat packer Hilton
Mark Allen joined the business last autumn as executive chair following Steve Murrells’ departure, and will now run Hilton on a day-to-day basis
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NewsUnilever €13bn food division deal with McCormick ‘could close today’
The majority of the deal’s value would be given to Unilever as McCormick equity, Unilever said in a statement issued to the London Stock Exchange this morning
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NewsEaster spending trumps inflation fears, but shoppers set to cut back
Increases to the price of Easter eggs buoyed grocery spend, but Brits will likely begin to cut back amid inflation fears, Worldpanel by Numerator warned in its latest market share data for March
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News‘Significant strategic progress’ at AG Barr as profits and revenues up
AG Barr CEO Euan Sutherland has praised the company’s ‘year of significant strategic progress’
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NewsPrinces profits leap in first public results
Princes has built a significant cash position through the year, thanks to its IPO and higher cash generation
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NewsShop price inflation creeps up as Middle East conflict adds to costs
Easing inflation in food – from 3.5% in February to 3.4% in March – failed to offset upward pressure in other areas, according to the latest monthly BRC-NIQ Shop Price Monitor
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NewsLucky Saint stuck in the red despite soaring sales
Cumulative losses at Lucky Saint have shot past £20m despite rapidly growing sales as the alcohol-free beer innovator continued to burn through cash
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NewsStarbucks to open 500 more UK sites despite ‘tougher market’
Starbucks UK saw operating losses widen to £29.8m in 2025
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NewsPrinces pushes through price hikes in response to Iran war
Princes has imposed a minimum 5% price rise across all its branded and own-label products on the back of “unprecedented cost pressures” stemming from the Iran war
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NewsMoju sales boom amid growing functional foods trend
Moju remains the category leader for juice shots, with market share of over 35%
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NewsDistress risk at retailers high even before start of Iran war
The sector remains the most distressed in Europe, with levels of default risk in the first quarter of 2026 significantly higher than a year ago and its highest level since the global financial crisis, the latest Weil European Distress Index revealed
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NewsAsda ‘edging forward’ despite further sales fall, Allan Leighton insists
Leighton was upbeat, blaming the decline on the implementation of Asda’s ‘Project Future’ to decouple its systems from Walmart in August
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NewsPernod Ricard and Brown-Forman in talks over spirits merger
A deal would bring together a suite of premium alcohol brands, including Havana Club, Martell and Ballantine’s on the Pernod side and Woodford Reserve, Old Forester, El Jimador and The Glendronach within Brown-Forman portfolio
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News‘Ripple of fear’ as consumers prepare to pull back on spending
It follows the dire update from the British Retail Consortium yesterday that consumer confidence had ‘collapsed’ as the war in the Middle East raised the prospect of higher inflation in the coming months