Finance news – Page 423
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NewsCity snapshot: Retail sales growth boosts Conviviality full-year revenues
Drinks retail and wholesale group Conviviality grew sales by 9.2% in the first half of its financial year, driven by 10% growth in its retail operations. Plus all the rest of the latest news from the City and a look at the week ahead.
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NewsMedia Bites 29 Jan: BHS, Steinhoff/Poundland, Ocado
Unsecured creditors of BHS, the retailer once owned by Sir Philip Green, lodged claims worth almost £1bn in the aftermath of its collapse, according to a report compiled by the chain’s liquidators.
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NewsYoung's Seafood returns to sales growth but profits still in decline
Profits have continued to decline at Young’s Seafood despite its sales returning to growth in the year to 30 September 2017.
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NewsFairfields Farm bags crisps and popcorn brand Ten Acre
Potato grower Fairfields Farm has taken over crisps and popcorn manufacturer Ten Acre as it plans to ramp up expansion overseas.
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NewsCrowdfunding: hunger for food and drink business on the rise
Crowdfunding appetite for food and drink startups was undiminished in 2017, according to figures from Crowdcube
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NewsFever Tree and Diageo shares benefit from G&T boom
Two complementary drinks businesses at either end of the growth curve updated the market this week
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NewsKitwave reports record growth thanks to refinancing deal
Kitwave’s EBITDA has increased nearly 100% over the past four years…
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NewsScottish health chain Earthy Foods & Goods closes its doors
Earthy Foods & Goods, a small group of organic food stores and cafés in Edinburgh, has gone into administration, owing nearly £1m.
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NewsMedia Bites 26 January: Diageo, Halo Top, plastic, Walmart, Greene King
Diageo was in focus yesterday as the drinks giant published its half-year figures.
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NewsCity snapshot: Ten Acre snapped up by Fairfields Farm
Premium snack brand Ten Acre has been acquired by fellow crisps manufacturer Fairfields Farm, The Grocer can reveal this morning.
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NewsTough week for supermarket staff as mults announce cuts
Retailers announced thousands of job cuts and reductions to pension entitlements
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NewsWheyhey raises £3m from industry big beasts to battle rivals
High-protein ice cream brand Wheyhey has raised £3m in a funding round backed by food & drink heavyweights
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NewsWm Jackson margins hit by tough market
Aunt Bessie’s and Abel & Cole owner William Jackson has posted a rise in annual sales but saw margins squeezed
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NewsShort sellers lose out as Sobeys deal sends Ocado shares soaring
A surge in Ocado’s share price after signing another international supply deal has cost bearish investors over £90m
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NewsJames Gilks and Oliver Pinkus join Piccolo babyfood brand
Gilks and Pinkus join as head of UK sales and head of international sales respectively
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NewsCanada grants approval to British manufacturing beef imports
Various cuts of manufacturing beef will now be shipped alongside primal cuts
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NewsWholesaler LWC Drinks sees sales soar by £35m
Revenues at the business grew by 16.2% (£34.5m) to £247.2m for the year ending 30 September…
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NewsAsda slammed over 'unfair' proposed pension cuts
The Walmart-owned retailer is running a 60-day consultation on changes to its pension scheme
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NewsMedia Bites 25 January: WH Smith, Fever-Tree, Hotel Chocolat, Tesco, M&S
Trading updates from WH Smith, Hotel Chocolat and Fever-Tree kept the papers busy yesterday.
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NewsCity snapshot: Gin boom in the UK boosts Diageo in the first half
Britons thirst for gin has helped Diageo to report better-than-expected growth in its first half as Tanqueray gained market share in the growing category and Gordon’s benefitted from the launch of its Pink variant. Plus, Greene King echoed the weather woes of rival pub group Marston’s as its Christmas and New Year sales were disrupted by snow.