Finance news – Page 443
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NewsDann's Ice Cream expands range of luxury ice cream
Luxury ice cream manufacturer Dann’s Ice Cream is expanding its product range and widening its distribution after securing a five-figure bank loan.
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NewsCity snapshot: Costa Coffee first half UK sales climb 9.1% but profits slide
Costa Coffee grew revenues by 9.1% in the first half to £622m but significant increases in labour costs, business rates and foreign exchange impacts on coffee imports hit profits. Plus, first quarter revenues slide at McBride, first half volumes up at Distil and all the rest of the latest news from the City
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NewsMedia Bites 24 Oct: HelloFresh, UK Manufacturing, Amazon
HelloFresh, the German seller of meal kits, has said that it is targeting a valuation of up to €1.5bn in its initial public offering, a significant premium to the market capitalisation of American rival Blue Apron.
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NewsFood waste tech firm Winnow raises $7.4m growth capital
A technology company behind software which helps chefs cut food waste has completed a round of funding to raise $7.4m (£5.6m) in growth capital.
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NewsSainsbury's to open four more in-store Mini Habitats
The openings will mean Sainsbury’s has a total of 10 Mini Habitats across its network
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NewsNew profits warning from Real Good Food
Real Good Food has warned it is likely to post a loss in the current financial year commodity price increases and labour costs have hit earnings.
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NewsMedia Bites 23 Oct: Aldi/Lidl, Sainsbury's, Brexit
Discount supermarkets Aldi and Lidl are pressing ahead with rapid expansion despite fears over shifting shopping habits that are forcing Britain’s “Big Four” grocers to shake up their store estates.
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NewsBrewDog returns to crowd for fifth time to raise £10m
BrewDog is again turning to its ‘equity punks’ to raise up to £50m in its fifth crowd campaign
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NewsP&G reports sluggish growth in first quarter
Procter & Gamble got off to a slow start in its new financial year as sales came in below expectations as sluggish growth continued to plague global consumer goods giants.
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NewsReckitt restructure baffles City analysts
A surprise radical restructure at Reckitt Benckiser left analysts scratching their heads this week
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NewsQuorn capitalises on meat-free popularity with revenue jump
Quorn is back in double-digit growth as demand for meat-free alternatives continues to boom in the UK and overseas…
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NewsHarrods sales pass £2bn as tourists make most of weak pound
Harrods expects capital expenditure to continue to increase over the coming years
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NewsCity snapshot: Metro sales slow in final quarter
Sales slowed in the final quarter for German retailer Metro as like-for-like growth fell back in its wholesale stores and its Real hypermarkets. Plus, DX Group shakes up leadership team as it reports another £80m-plus loss forthe year.
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NewsMedia Bites 20 October: Unilever, Nestlé, Pernod Ricard, M&S
Unilever’s third quarter trading update was the big fmcg news of the day as the papers dissected how the consumer goods giant was performing after fighting off an unwanted takeover bid from Kraft Heinz earlier this year.
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NewsBooze industry bodies: no-deal Brexit 'unacceptable'
UK and EU trade organisations have called for continued flow of goods post-Brexit
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NewsMalcolm Burns made senior VP & international MD at Amplify
As interim international MD since June, Burns has created and begun executing a performance improvement plan
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NewsGermany's Fuchs Group spices up portfolio with acquisition of Bart Ingredients
Bart Ingredients has been acquired by Germany’s largest spice producer for an undisclosed fee.
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NewsSeachill targets more listings at mults after Hilton buyout
Hilton confirmed it had agreed to buy Icelandic Seachill from parent Icelandic Group on 18 October in an £84m deal
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NewsAF Blakemore hails "good solid result" of 1.4% sales increase
The Spar wholesaler said it recorded sales of £1.3bn for the 53 weeks to 30 April
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NewsRefresco enters talks with PAI over £1.4bn takeover bid
Soft drinks bottler Refresco has entered negotiations with PAI Partners after weighing up a renewed €1.6bn (£1.4bn) takeover bid from the French private equity giant earlier this month.