Finance news – Page 46
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NewsShoppers to tighten belts as grocery inflation ramps up in May
Kantar’s monthly grocery sales figures also revealed M&S maintained strong growth levels despite being hit by a high-profile cybersecurity incident. The retailer generated a 12.3% rise in spending on groceries in the 12 weeks to 18 May 2025
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NewsTennent’s and Bulmers owner C&C Group back in black as Roger White takes helm
This morning’s annual results are the first for the company under the leadership of former AG Barr boss Roger White, who took the helm in January.
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NewsSeabrook owner Calbee ‘disappointed’ by profit slip
Calbee’s profit fall was mainly due to delays expanding its Bradford factory
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NewsYorkshire Tea owner Bettys & Taylors sees sales top £300m for first time
It marks a 40% rise since before the year before the pandemic
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NewsMedia Bites 27 May: M&S, trade deals and store security
Papers had plenty to pick over during the long weekend, but the ongoing M&S developments, the UK’s trade deals and ramped-up store security measures were the frontrunners for many.
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NewsFood inflation hits one-year high with steaks ‘more expensive’
Food inflation hit a one-year high in May as fresh foods like beef, milk, and eggs all grew more expensive
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NewsBrewery insolvencies hit triple figures in just two years
Some 43 breweries became insolvent in the past year
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NewsUK retail sales jump again as Brits’ confidence improves
It marked the fourth consecutive monthly rise and builds on the best quarter for British retailers since 2021
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NewsConsumer confidence nudges up as tariff concerns ease, says GfK
All five key indicators including personal finance, savings, and general economic situation saw an improvement
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NewsKraft Heinz eyes new deals as Berkshire Hathaway leaves board
The company cut its annual sales and profit outlook this month after a sixth straight quarter of revenue decline
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NewsTate & Lyle says ‘transformation complete’ after CP Kelco deal
Tate & Lyle’s acquisition of CP Kelco will boost revenue by about 40%
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NewsCBD drinks brand Trip racks up losses amid global expansion
The business, launched by Olivia Ferdi and Dan Khoury in 2019, accumulated losses of £5.6m in the year ended 28 February 2024, according to unaudited accounts filed at Companies House. It comes on top of a similar deficit in the prior year and takes total losses at the business to £13.9m
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NewsPoundland cuts profit guidance as sales slump escalates
Efforts to sell the business are still ongoing with a deal expected by the end of September
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NewsConsumer confidence edges up as UK economy improves
The over-60s saw the biggest boost in confidence although they remain the most pessimistic of any generation
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NewsLoch Lomond Group enters US whiskey with New York Distilling Company acquisition
NYDC’s flagship Jaywalk Rye whiskey is known for its use of Horton Heirloom rye
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NewsThis improves margins as meat-free brand halves losses
The business has slashed the total number of SKUs produced from 100 to 44 as part of its strategy to become profitable
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NewsAsda plans £400m in store sell-offs to raise turnaround cash
The supermarket plans to lease the sites back for around 20 years in a ‘sale and leaseback’ scheme
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NewsFroneri’s ice cream profits hit by factory closure
A wet British summer was also a drag on Froneri’s sales last year
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NewsFood & drink M&A momentum continues as UK activity hits eight-year high
Volumes in the sector for the first quarter matched the 40 recorded in the final three months of 2024, data from professional services firm Grant Thornton showed
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NewsUK food inflation jumps to 3.4% as meat costs rise
Food inflation jumped to 3.4% in April, with the rising cost of feeding the nation contributing to the overall UK inflation rate reaching its highest level for over a year