Finance news – Page 37
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NewsPrime Time’s functional beer tempts crowdfunders after Waitrose debut
The raise values the company at £14m
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NewsBirds Eye loses market share despite revenue boost
Birds Eye has faced stiff competition since brands began piling into frozen foods
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NewsWhittard back in profit as shoppers return to high street
The tea and coffee retailer saw turnover grow 8% in 2023
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NewsKP Snacks defies inflation to double profits in past three years
Pre-tax profits grew £30m last year as the company boosted margin
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NewsGenius Foods replaces CEO as turnaround continues
Adam Smart leaves the company after 18 months in the job
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NewsMedia Bites 9 October: Brandy, Kantar, Europastry IPO, 7-Eleven
The papers pick up on a trade row in Brussels and also report the latest supermarket data from Kantar
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NewsCity snapshot: Marston’s optimistic about future as a focused pub group
Marston’s has outperformed the market and pointed to significant opportunities ahead as a focused pub group.
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NewsPepsiCo cuts sales outlook due to weakening demand
The fmcg giant saw volumes slip in the third quarter across most divisions
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NewsMedia Bites 8 October: Lab grown meat, JLP shakeup, McDonald’s vs Meatpackers
The latest news and headlines from around the food and drink sector
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NewsCity snapshot: Greencore upgrades profit forecasts after ‘outstanding performance’ in Q4
Profits at Greencore will be ahead of expectations thanks to “an outstanding performance” in the final quarter of its financial year. Plus, trading updates from Imperial Brands and Cooks Coffee, the latest data from Kantar, BRC and Barclays, and Gusbourne secures additional funding
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NewsFrench plant-based pork company La Vie raises €25m in latest funding round to boost growth
This brings the total raised by the company in the last three years to €50m, despite a 36% drop in investments in the food tech sector, the brand said
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NewsFramptons back in profit 18 months after £5m cash injection
Plant-based co-packer Framptons has completed a remarkable turnaround by returning to profit less than 18 months after it sought a £5m cash injection to ensure its survival
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NewsAlt-meat brand This losses continue as it pushes for profitability
Alt-meat producer This has reiterated its plan to hit profitability this year after failing to stem widening losses in its latest accounts
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NewsFrench sugar supplier Tereos fined £25k over Tate & Lyle merger
The French sugar giant has been fined £25k for failing to disclose relevant information over its recent merger with Tate & Lyle Sugars
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NewsCity snapshot: Mérieux NutriSciences agrees €360m deal with Bureau Veritas
Food safety company Mérieux NutriSciences has agreed to acquire the food testing business of Bureau Veritas for €360m
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News‘Back to the future’ as volumes fall at big 50
Volumes at the world’s largest consumer packaged goods companies tumbled for the first time in a decade last year as battered consumers sought out cheaper options in the face of constant price increases
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NewsBelgian dessert makers merge to become Mellow
Two Belgian dessert manufacturers have merged in a bid to become a leading player in the global desserts market
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NewsCity snapshot: Virgin Wines collaborates with Ocado Retail
Starting this week, Ocado customers have access to an exclusive selection of 50 wines from the Virgin Wines portfolio, “carefully curated” by the buying teams from both businesses
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NewsMedia Bites 4 October: toddlers/UPFs, Tesco/workers’ rights, Upper Crust
Toddlers in the UK obtain almost half of their calories from UPFs, while Ken Murphy has called on the government to ensure improved workers’ rights also increase productivity
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NewsTesco shares race higher on profits upgrade and healthy dividends
Tesco increased group revenues 3.5% to £31.5bn in the 26 weeks ended 24 August