Finance news – Page 5
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NewsSmol losses increase amid investment drive
Revenues raced 27% higher to £31.2m in the year to 30 June 2023 as it served more customers and registered higher spending, supported by new product launches, according to its latest accounts
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NewsMajor growers report turbulent weather toll
Results posted this month at Companies House by Huntapac Produce and Puffin Produce cited weather issues as key challenges to profitability
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NewsBiotiful Gut Health returns to profitability as kefir sales boom
Revenues jumped 22% to £23.8m in the year to 30 March 2023 at the market-leading kefir brand
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NewsCity snapshot: Danone posts ’good start to the year’ as Q1 sales rise
French dairy giant Danone has posted ‘broad based’ first quarter growth of 4.1% as sales volumes grew to start its financial year
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NewsMedia Bites 18 April: inflation, Holland & Barrett, lab-grown sausages
The latest inflation data is the main business story in a quiet day for fmcg in the papers
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NewsThe Artful Baker collapses under weight of cost pressures
The Dorset-based business, which also starred on Channel 4’s Aldi’s Next Big Thing, appointed liquidators from Leonard Curtis on 5 April after experiencing cashflow issues in recent months
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NewsFive Points Brewing celebrates successful crowdfunding round to boost beer capacity
Five Points Brewing is set to boost its brewery and taproom capacity after surpassing a six-figure crowdfunding target
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NewsMosa Meat raises €40m as it readies lab-grown beef launch
The business will use the money to further scale up production processes and prepare to launch its cultivated beef to consumers in Singapore
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NewsMedia Bites 17 April: Getir, DS Smith, B&M
Getir is weighing a string of asset sales as part of crunch restructuring talks
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NewsCity snapshot: Inflation eases as crumpet and meat prices fall
Inflation has continued to ease in the UK as the price of certain food products started to fall. Plus, Just Eat Takeaway hailed a good start to its new financial year thanks to accelerating growth in the UK and Ireland
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NewsBold Bean Co founder Amelia Christie-Miller wins six-figure young entrepreneur prize
Christie-Miller won £150k to support Bold Bean’s growth from EasyJet founder’s Stelios Philanthropic Foundation
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NewsUnrooted raises another £1.2m to boost growth
A majority of the money was raised from existing investors, but the round also saw former Diageo boss Paul Walsh join the business as a strategic advisor
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NewsCity snapshot: B&M annual sales up 10% but growth slows in 2024
Discount retail group B&M European Value grew annual revenues by over 10% to £5.5bn, but the rate of growth has slipped back in the final quarter of its financial year
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NewsMedia Bites 16 April: food prices, Pret a Manger, Bloom & Wild
Shoppers are facing “difficult” increases in food prices because of a wet winter that left fields underwater, a farming leader has warned
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NewsOggs beats crowd target to continue mission to replace eggs
Oggs will use the money to unlock new manufacturing opportunities and bolster its branded grocery business supplying ‘cruelty-free’ cakes
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NewsMcCain GB sales jump but rising potato prices eat into margins
The UK arm of potato giant McCain saw a 19.5% jump in sales last year, but profits were flat as margins declined amid elevated costs and weather challenges
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NewsEast Imperial set for administration after suspending shares
The group suspended trading in its shares on the London Stock Exchange this morning and is preparing to appoint administrators or liquidators
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NewsHeck back in profit after range reset
The brand reported an operating profit of £239k last year following a switch to more profitable SKUs
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NewsCity snapshot: Glanbia acquires ingredients firm Flavor Producers in $355m deal
Irish nutrition group Glanbia has acquired US ingredients business Flavor Producers in a deal worth up to $355m (£284.7m). Plus, tonic maker East Imperial suspends shares ahead of collapse
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NewsMedia Bites 14 April: Supermarket property, Getir, Applied Nutrition
Supermarkets, including Asda and Morrisons, are selling their stores to raise quick cash