Finance news – Page 35
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NewsMedia Bites 21 October: Animal welfare, Halloween, TikTok
Just 2.3% of all animal welfare breaches in the UK are being prosecuted, according to a new report
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NewsGrolsch reduced to 3.4% abv after sales collapse
The move will save Asahi UK 23p in excise duty for every 440ml can of Grolsch sold
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NewsMedia Bites 18 October: Nestlé, Tesco, retail sales
Tesco and Shell are to buy the entire output of a controversial solar farm under construction on the Kent coast
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NewsCity snapshot: Food sales decline during bad weather and shopper spending restraint
Falling sales in supermarkets has dragged down growth on the high street in September as shoppers cut back on luxury foods, the latest ONS figures revealed
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NewsNFU boss hits out at government’s food sector ‘policy paralysis’
Farmers were growing increasingly frustrated at a lack of concrete policies on a raft of major issues, warned Tom Bradshaw
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NewsTate & Lyle targeted by US buyout specialist Advent International
Although there is no certainty an offer will be made, it is expected to be higher than Tate & Lyle’s £2.8bn market value
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NewsInfinite Roots secures £2m to explore whey upcycling tech
The German business is working with the Hamburg University of Technology to develop technology to upcycle whey into a fermentation feedstock for its mycelium, paving the way for the creation of new food ingredients and products
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NewsCity snapshot: Nestlé downgrades growth forecasts on weak shopper demand
Nestlé has lowered its growth expectations for the year after a disappointing third quarter as the world’s biggest food company struggled with soft consumer demand. Plus, Tate & Lyle shares boom on takeover speculation, and Deliveroo and Pernod Ricard report quarterly results
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NewsMedia Bites 17 October: M&S, BrewDog, Tate & Lyle
A busy morning in the papers for fmcg sees a spotlight on the latest NIQ supermarket data, BrewDog financial results and takeover speculation at Tate & Lyle
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NewsCollapsed grocer Melrose & Morgan relaunches with DTC proposition
The business’ assets were bought out of liquidation by former head chef Mauro Faure
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NewsBrewDog ‘near return to profit’ founder insists, as pre-tax losses balloon
BrewDog has not recorded a pre-tax profit since the £1.1m it booked in 2019
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NewsIGD veteran Nick Downing joins YF as business development head
Downing spent the past 23 years at IGD, where he was instrumental in expanding the organisation’s commercial arm as part of the executive team
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NewsGosh loses more sales due to plant-based exodus
Gosh said ‘meat mimics’ were under the most pressure in the market, while losses at Enough doubled in 2023
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NewsRed Bull’s fizz finally begins to flatten
The brand’s volume growth eased in 2023 after rising by around 20% for two consecutive years
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NewsVegan Food Group sells German factory to European tofu player
European tofu producer New Originals Company will continue to partner with VFG after buying the Wiesbaum site from the group
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NewsMedia bites 16 October: IMF, James Watt, Fenwick, John Lewis
BrewDog founder and former CEO James Watt has attacked plans by Chancellor Rachel Reeves to raise capital gains tax
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NewsCity snapshot: Just Eat’s UK growth cannot prevent global slowdown
Just Eat Takeaway kept up its strong growth in the UK and Ireland but could not prevent a global slowdown led by North America. Plus, the latest supermarket sales data from NielsenIQ and UK inflation figures from ONS
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NewsSt Peter’s continues expansion with Portobello Brewing investment
Suffolk-based St Peter’s has undergone a significant expansion in the last year following the buyout of Curious Brewery and The Wild Beer Co
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NewsBoots’ digital performance fuels quarterly growth of 6.2%
It was Boots’ 14th consecutive quarter of market share growth
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NewsJohn West suffers first loss since 2010 after absorbing price hikes
John West had tried raising prices but suffered a consequent fall in volumes