Finance news – Page 4
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NewsMedia Bites 19 June: Graze, EU investigations, John Lewis, G&Ts
Unilever is exploring the sale of healthy snakcing brand Graze
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NewsCo-op secures £350m loan from banking partners
The company said the deal with HSBC, Barclays, ING, Lloyds, NatWest and Rabobank reflected “strong market confidence” in its resilience and performance following recent financial successes
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NewsPerfectTed tops startup ranking with 500% growth spurt
Matcha energy drink startup PerfectTed’s staggering growth spurt over the past two years has made it the fastest-growing founder-led startup in the UK
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NewsMizkan invests £17m into Rochdale vinegar factory expansion
Mizkan manufactures both Japanese vinegar products and Sarson’s vinegar at the Rochdale factory
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NewsFood inflation hits 15-month high as chocolate and meat prices rise
Spiking food prices has offset cheaper transport to keep UK inflation levels steady in the year to May, new official data out this morning has revealed
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NewsPZ Cussons flogs African palm oil business but EPR rules in UK hit profits
PZ Cussons has sold its stake in a Nigerian edible oils business for £51m as the London-listed personal care group makes progress on efforts to simplify the group
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NewsMedia Bites 18 June: Trump’s tariffs, artificial dyes and Ben & Jerry’s new boss
US retail sales fell by the most in two years in May
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NewsMighty Drinks hopes for rescue deal after calling in administrators
Mighty Drinks has collapsed into administration, with specialists at recovery firm Interpath searching to put together a rescue deal to save the milk alternatives brand
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NewsB&M CEO Tjeerd Jegen buys £500k-worth of shares for bargain price
B&M has revealed Jegen purchased almost 200,000 shares in five separate transactions last week
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NewsPoundland confirms restructure plan, with up to 150 stores to close
Poundland’s frozen and digital distribution centre at Darton, South Yorkshire, is set to close later this year under the plan, followed by its national distribution centre at Springvale in Bilston, West Midlands, in early 2026
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NewsFood & drink manufacturers back in growth as orders rise
The food and drink manufacturing sector has boosted its output for the first time since March, according to a report this morning.
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News‘Chicken King’ BPO buys 2 Sisters JV poultry farming operation
The deal means the BPO is now larger than 2 Sisters Food Group itself
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NewsMedia Bites 16 June: tobacco ads, Fortnum & Mason and rosé wine
Sainsbury’s and Morrisons have been taken to task for illegally advertising tobacco, while Fortnum & Mason makes plans to open stores outside London
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NewsTesco credit rating boost follows strong results
Tesco is in good shape to cope with a supermarket price war, according to S&P, leading to an upgrade from the credit ratings agency
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NewsActivist investor grabs 5% in ‘attractive’ WH Smith
Activist investment firm Palliser revealed it had built up a near 5% stake in WH Smith, calling the retailer an ‘attractive investment opportunity’
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NewsHunter & Gather joins forces with Julia Bradbury to promote ancestral living
Hunter & Gather has signed up TV presenter Julia Bradbury in an exclusive partnership as a brand ambassador to promote its range of ‘ancestrally inspired’ healthier foods
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NewsMedia Bites 13 June: US-UK trade deal, Tesco and Dubai chocolate
Top story is news of an imminent UK-US trade deal that will allow more imported beef and ethanol
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NewsBRC blames ballooning bills for poor May footfall
The BRC has blamed high household bills for May’s “disappointing” footfall figures, as consumers proved reluctant shoppers despite the warmest start to May on record
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NewsTesco share price climbs higher after strong start to the year
Tesco fought off intensifying competition from traditional and discount rivals to continue its run of growing market share in the first quarter to 24 May
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NewsWarburtons defies downturn in wrapped bread as sales rise
Revenues at the group increased 4.2% to £741.1m in the year to 28 September 2024, with volumes defying the structural challenges in the wrapped bread segment of the market by rising 2.9% year on year