Finance news – Page 323
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NewsCity snapshot: Distil and British Honey Co form JV to launch new spirits products
AIM-listed drinks producer Distil has entered a joint venture with British Honey Company to produce a new range of branded botanical spirits.
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NewsMedia Bites 19 Feb: Asda/Walmart, Post-Brexit immigration, Business rates
Sales slipped at Asda in the final three months of last year after customers cut back on spending in the run-up to Christmas.
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NewsAsda blames challenging market conditions for sales decline
Asda posted a 1.3% decline in like-for-like sales in the fourth quarter, as cash-strapped customers failed to provide the Christmas trading boost it had hoped for.
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NewsDTC cleaning products firm Dropps secures $16m to scale up
The eco-friendly firm will use the investment to keep up with growing demand for its subscription business
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NewsStartup incubator the Grocery Accelerator relaunches as Mission Ventures
The accelerator was set up in 2015 by a trio of industry leaders to support the growth of fmcg challenger brands
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NewsThe Tofoo Co hails record Veganuary turnover
The brand racked up sales of £1m last month, double its January 2019 turnover
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NewsCity snapshot: Kerry Group profits jump to €900m on growth and acquisitions
Irish food and ingredients giants Kerry Group has posted a double-digit rise in annual profits on the back of solid volume growth and the contribution of acquisitions.
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NewsMedia Bites 18 Feb: Consumer confidence, Amazon, Brexit
Household confidence has reached its highest level for 11 years in another sign that the economy has benefited from a post-election bounce.
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NewsBritvic agrees £400m ‘sustainability-linked’ credit facility
Britvic has agreed a “sustainability-linked” £400m credit facility, one of the first of its kind in the UK.
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NewsPreserve startup Rogue launches crowdfunding campaign to become ‘household brand’
The startup was due to hit Seedrs last October but after losing the backing of a lead investor was forced to delay the launch
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NewsLogistics bosses welcome scrapping of Operation Brock lorry park project
Logistics bosses have welcomed the government’s decision to scrap plans for an off-road lorry park in Kent, originally intended to deal with post-Brexit border disruption. However, both transport companies and retail leaders are calling for urgent action to ensure the ports are ready for the end of ...
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NewsCity snapshot: BRC warns of higher prices and food shortages from border friction
The British Retail Consortium has warned the UK faces higher food prices and reduced supply of short shelf-life goods in the event of border friction with the EU.
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NewsMedia Bites 17 Feb: Unilever, Tesco, BRC/Brexit
Unilever has kicked off a strategic review of its health and beauty brands as the consumer goods giant wrestles with slow growth.
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NewsVieve Protein Water eyes US launch through £150k fundraising drive
The London-based brand is looking for startegic investors who could help it become a leading player in the sports nutrition category
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NewsSales rise at Oscar Mayer but profits hit by escalating costs
UK Ready meals supplier Oscar Mayer grew sales by 5.7% last year to £320m but profits were hit by escalating input costs.
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NewsSainsbury’s bucks grocery’s inflationary trend with price cuts
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation, with further inflationary pressures on the horizon.
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NewsButternut Box secures further £20m investment to accelerate growth
The latest investment takes the total raised by the DTC petfood business to over £40m since launching in 2016
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NewsCity snapshot: Sainsbury’s prices fall but supermarket inflation persists
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation.
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NewsMedia Bites 14 Feb: Nestlé, CBD regulation, Domino’s UK
The world’s largest food company is looking to to meat-free products to lift sales after missing its organic growth target.
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NewsPepsiCo’s annual sales rise on strong European performance
For 2020 the business expects revenues to rise 4%