Finance news – Page 44
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NewsNaked Wines appoints Mind Gym’s Dominic Neary as CFO
Neary helped Mind Gym return to profitability during his near-three year stint as CFO
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NewsHilltop Honey agrees £10m banking package to back overseas expansion
The funding package from Santander UK will allow the British honey brand to hold more stock, drive recruitment and accelerate growth
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NewsCity snapshot: Naked Wines making ‘real progress’ on turnaround despite widening losses
Revenues at the embattled business also continued to slide
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NewsMedia Bites 28 August: Next, vapes, plant-based meat
Thousands of store staff at the retailer Next have won a six-year fight for equal pay in a tribunal ruling that will be closely watched by supermarkets
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NewsBritvic shareholders vote in favour of £3.3bn takeover by Carlsberg
Over 99% of votes cast were in favour of the transaction proceeding
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NewsHeineken UK ‘biggest-ever’ price hikes fail to halt profit slide
The hikes led HUK to lose off-trade market share
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NewsCity snapshot: Shop prices fall for first time in three years
Shop prices have fallen for the first time in almost three years as non-food retailers tempted shoppers with deep discounts in a bid to shift summer stock
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NewsMedia Bites 27 August: Nestle, Unilever, M&S, Morrisons
There’s plenty of fmcg news to wade through from the long bank holiday weekend, with Nestle and Unilever in focus
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NewsLondon brewer Fourpure shifts production up north in consolidation move
The move will result in the closure of Fourpure’s Bermondsey brewery and taproom
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NewsCity News: Asda disappoints again as pressure mounts on Mohsin Issa
Pressure is continuing to mount on Asda and owner Mohsin Issa as the latest industry data this week revealed a sharp slump in summer sales and more ground lost on market share
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NewsFirst Brexit common user charge bills serve bitter shock to food industry
The costs of importing EU goods to the UK are quickly running into tens of thousands of pounds, businesses report
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NewsCapVest-backed Inspired Pet Nutrition to buy Butcher’s Pet Care
CapVest-owned Inspired Pet Nutrition has struck a deal to buy Butcher’s Pet Care to create a petfood group with sales of more than £350m
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NewsNestlé appoints new CEO in surprise departure for Mark Schneider
Schneider has stepped down as head of the world’s biggest food company in a surprise move, to be replaced by group veteran Laurent Freixe
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NewsCity snapshot: Consumer confidence in the economy falls for first time in six months
Confidence in the UK economy has dipped even as consumers feel better about their personal finances, according to a closely watched survey. Plus, Nestlé CEO Mark Schneider steps down in surprise move
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NewsMedia Bites 23 August: Nestlé, Gail’s, Brown-Forman
Nestlé announced that chief executive Mark Schneider was stepping down, and will be succeeded by company veteran Laurent Freixe
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NewsAllplants optimistic about path to profit as losses mount
The vegan ready meal maker has recorded heavy losses as the business wrestled to shift its capital-intensive model amid challenging macro-economic conditions and declining demand in the plant-based category
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NewsBrazil looks to strengthen UK relationship with pork exports
Brazil is hoping to expand its trading partnership with the UK as part of ambitions to start exporting pork into the country as imports from the EU dwindle
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NewsCity snapshot: Hain Celestial a ‘fundamentally different’ company as turnaround plan progresses
Hain Celestial is on track to deliver $60m in cost savings this year to fuel the US giant’s ongoing turnaround plan
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NewsMedia Bites 22 August: Waitrose, loyalty cards, Asda
It’s a packed morning in the papers for food & drink news, but Waitrose dominates headlines as it kicks off a new wave of expansion
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NewsNexba owner returns to crowd for £1m raise to drive international expansion
The Australian soft drinks brand raised £360k in its domestic market in June