Finance news – Page 303
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NewsCaterforce announces plans to increase turnover by 12% by 2021
The group is forecasting revenue of £537m for 2019, up from £524m the previous year
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NewsBabease saved by pre-pack rescue deal from owner Amitis
The babyfood maker appointed insolvency specialist FRP Advisory as administrator on Thursday (21 November)
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NewsCity Snapshot: Science in Sport raises annual sales forecast as PhD growth doubles
Premium performance nutrition company Science in Sport has hailed 2019 as a year of “rapid progress”, as it expects revenue growth to be “slightly ahead” of market expectations
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NewsMedia Bites 22 Nov: Naked Wines, Ocado, Cigarette imports
Naked Wines founder and CEO Rowan Gormley shocked investors by announcing he will leave the business early next year, Ocado becomes technology business first and cigarettes imports drop.
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NewsNaked founder Rowan Gormley to step down as losses mount
The founder of Naked Wines shocked the City on Thursday by stepping down, as the online retailer’s losses continue to mount
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NewsBrewDog to repay investors in cash and beer in latest bond issue
BrewDog has returned to the crowd to raise up to £15m via bond issue, with interest to be paid in cash and beer
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NewsClaims Scotland’s DRS could cause cross-border fraud rejected
Scottish environment secretary Roseanna Cunningham told MSPs the fear was a myth propogated by opponents of the scheme
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NewsCity snapshot: Rowan Gormley steps down as Naked’s losses mount
Naked Wines founder Rowan Gormley has announced his intention to retire from the company as the company posted a first half “broadly on track” as revenues grew and losses continued to mount.
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NewsMedia Bites 21 Nov: FeverTree, Costa Coffee, SSP Group
After five years of beating City expectations, the world’s biggest seller of posh tonic water issued a profit downgrade yesterday.
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NewsTudor Drinks holds investment talks as it seeks growth funds
The company, whose brands include Harry Bromptons London Ice Tea and Loveau, has been holding conversations with potential investors
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NewsLondon cake maker Butterscotch Bakery rescued out of administration
The company was acquired by an undislosed party after calling in administrators on 8 November
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NewsFDF urges collaborative approach to food and drink issues in election manifesto
The FDF has slammed the government plans for a ban on HFSS promotions
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NewsRabobank warns of continuing volatility in commodity prices
Geopolitical risks and price pressures on farmers are cited as contributing factors in Rabobank’s latest outlook
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NewsCity snapshot: SSP Group posts double-digit profits growth despite continued global ‘headwinds’
Travel food specialist SSP Group has posted a double-digit rise in underlying operating profits, despite warning of the impact of a number of “external challenges” that will continue into next year. Plus, FeverTree’s UK growth slashed by off-trade slowdown as global sales increase, Finsbury Food Group’s trading momentum continues and all the rest of the latest news from the City.
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NewsMedia Bites 20 Nov: Lidl, Recycling, Vertical farming
Lidl is giving its UK staff a pay rise worth £10m with a higher hourly rate likely to propel it to the top of the supermarket pay league table.
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NewsAP Brands cuts fundraising target after cancelling Crowdcube raise
After securing national listings with Brakes and Costco, the brand lowered its target to £200k from £500k
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NewsBabyfood brand Babease set for rescue as part of pre-pack administration deal
The brand secured a £5.1m investment just four months ago
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NewsAldi bread supplier Geary’s Bakery sells majority stake
Geary’s Bakery is set to ramp up its growth efforts after receiving a major investment by the Unsworth family
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NewsGraham’s profits boosted by NPD as liquid milk sector struggles
Graham’s the Family Dairy has reported a ‘solid’ annual performance with profits rising nearly 70%
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NewsSymonds Retail turnover rises following acquisition by MFG
The business was snapped up by forecourt giant MFG in October for an undisclosed sum