Finance news – Page 439
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NewsCity snapshot: Hotel Chocolat buys back £6.4m of customer ‘chocolate bonds’
Hotel Chocolat repays £6.4m of ‘chocolate bonds’ to fund growth. Plus, annual sales up 56% at UK wine supplier Gusbourne and Bayer sets date for $63bn Monsanto deal completion.
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NewsMedia Bites 4 June: Poundworld, Discounters, Addo Food Group
Alteri Investors, a turnaround firm backed by US hedge fund giant Apollo is closing in on a deal to buy Poundworld, the struggling discount retailer.
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NewsSoulmate Food bought out of administration by Kettlebell Kitchen
Online healthy food delivery company Soulmate Food has been bought out of administration by health food supplier Kettlebell Kitchen, saving around 20 jobs
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NewsThe Uncommon canned English sparkling wine seeks £25k from crowd
Canned English sparkling wine start-up The Uncommon has launched a crowdfunding campaign to raise £25k to create an urban winery
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NewsGressingham Foods buys Yorkshire Game in administration rescue deal
Wild meat producer Yorkshire Game has been bought by Gressingham Game after entering administration, saving 23 jobs
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NewsCostco to roll out petrol stations to most of its locations
Senior VP for Europe Steve Pappas said Costco UK was “developing plans for other locations”, but was “unable to give a time” on when they would open
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NewsHenderson Group hails 8.5% sales rise as 'tremendous'
Henderson Group CFO Ron Whitten heralded the results as “a tremendous performance”
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NewsPret a Manger readies US push after £1.5bn JAB deal
The deal will see JAB assume control of Pret after a decade of ownership by private equity group Bridgepoint
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NewsUK petrol price surges after Trump's Iran withdrawal
Motorists are paying on average 5.5p more for unleaded and 6p more per litre for diesel than they were in April
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NewsChocolate startup MIA reaches out to crowd for £100k investment
Bean-to-bar chocolate startup MIA has reached out to the crowd to raise £100k in investment
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NewsCity snapshot: Costco third quarter sales miss expectations
Shares in global retail group Costco have slipped in the US despite a 12.1% third quarter sales boost as growth fell short of market expectations. Plus all the rest of the latest news from the City.
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NewsMedia Bites 1 June: Asda, Sainsbury's, Belgian chocolate
Asda’s profits tumbled sharply last year as it forked out £120m on slashing prices across hundreds of products.
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NewsTayto affiliate rescues Uvenco companies from administration saving 169 jobs
Three food and drink vending machine firms, which are subsidiaries of listed company Uvenco, have been rescued from administration saving 169 jobs.
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NewsMike Hedges to ‘spearhead expansion’ as Propercorn CEO
Hedges was previously UK managing director at Tyrrells
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NewsSpecialist Italian wholesaler Guidetti goes into liquidation
The company has been voluntarily wound up by its owners
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NewsHome Run launches £500k crowdfunding campaign to expand grocery delivery service
Home Run currently delivers to 15 London postcode areas, or 36,000 individual postcodes
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NewsCity snapshot: Asda annual profits drop 13% as investment in price weighs on bottom line
Asda has posted a 13% drop in annual operatings profits as it invested in price and new products to regrow sales. Plus, Supermarket Income REIT has bought the Tesco Extra supermarket in Scunthorpe, plus all the rest of the latest news from the City.
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NewsMedia Bites 31 May: Grocery market share, B&M, IFS
Morrisons led the grocery pack in terms of sales over the past 12 weeks, spurred by demand for warm-weather items, according to Kantar World Panel.
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NewsCrisp-maker Tayto acquires second popcorn company Pop Notch
Northern Ireland-based crisp manufacturer Tayto Group has acquired Northern Irish popcorn company Pop Notch Ltd’s assets including its trade mark, brand name and machinery
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NewsArla to end cheese production in Wales
Up to 154 jobs could be lost as part of a strategic review of its cheesemaking division