Finance news – Page 53
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NewsWaitrose beef supplier Dovecote Park enjoys strong growth in latest accounts
The North Yorkshire-based supplier saw profits almost double last year, while turnover rose by just under 15%
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NewsCity snapshot: Sainsbury’s grocery growth dragged back by general merchandise weakness
Sainsbury’s has posted another quarter of “strong grocery memomemtum”, but its overall sales growth has slowed as general merchandise sales and Argos fell back
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NewsMedia Bites 2 July: Boots, inflation, Amazon
Boots managing director Sebastian James insists his departure has nothing to do with the shelving of plans to float the business by its American owner
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NewsGreenPort Fresh takes over UK Salads business
The joint venture has taken over UK Salads’ packhouse in Roydon in Essex and its surrounding nurseries – facilities it previously rented from UK Salads
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NewsCity snapshot: Boots boss Sebastian James to leave as IPO process stalls again
Boots has kicked off a search for a new boss to replace Sebastian James, who is leaving in November as renewed attempts by US owner Walgreens Boots Alliance to sell or float the UK high street pharmacy chain stalled once again
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NewsMedia Bites 1 July: Boots, Britvic/Carlsberg, Asda
The chief executive of Boots has quit Britain’s biggest pharmacy chain after its US owners shelved plans for a multibillion-pound sale
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NewsCity News: Carlsberg approach for Britvic divides City opinion
When news of Carlsberg’s shock £3.1bn bid for Britvic broke, investors in the companies had wildly divergent reactions, underscoring doubt about the wisdom of the brewer’s approach
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NewsAnnual profits fall at Weetabix as consumers shift to private label
Profit margins have fallen at UK cereals giant Weetabix amid a wider consumer shift to cheaper private label breakfast products
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NewsCity snapshot: Science in Sport grows margins after strategy reset
Sports nutrition player Science in Sport has reported improved performance in the first half of 2024 amid a strategic rethink and a senior team reshuffle
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NewsMedia Bites 28 July: Boots/Walgreens, DS Smith, Adnams
The struggling US owner of Boots has shelved plans for a multibillion-pound sale for the second time
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NewsCity snapshot: Wet weather dampens grocery sales growth
Poor weather and a significant drop in inflation has dampened grocery sales growth, according to the latest grocery market share figures from NIQ
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NewsMedia Bites 27 June: Deliveroo, Haleon, Brexit
Shares in the UK food delivery company Deliveroo rose after reports reveal US rival Doordash held takeover talks with the business
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NewsThis valuation plummets and founders take cash off the table
The £20m Series C round valued This at just £50m, a significant fall from a £150m valuation during the Series B fundraising in 2022, The Grocer has learned
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NewsNojo hires former Wholegood boss Martin Sandler as MD to lead growth push
Nojo has appointed former Wholegood boss Sandler as its first-ever managing director as the sauce challenger brand looks to ramp up distribution and grow more rapidly
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NewsMedia Bites 26 June: Chapel Down, Morrisons, Britvic/Carlsberg
England’s largest winemaker Chapel Down is considering a sale of the business as part of a strategic review
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NewsCity snapshot: Revenues plunge on Nigerian currency woes but PZ Cussons holds full-year profit guidance
PZ Cussons has maintained its profits guidance for the year despite the currency in its troubled Nigerian market tanking further since a third-quarter trading update in April
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NewsJamJar enters soft drinks for first time since Innocent days in £4m Xoxo investment round
The fmcg investment firm set up by the founders of Innocent have made their first venture into soft drinks, backing gut health soda startup Xoxo
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NewsCornwall’s Trewithen Dairy acquired by German dairy giant Ehrmann
The deal will see Ehrmann invest £20m in an upgrade of Trewithen’s manufacturing site as it seeks to increase its reach in the UK
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NewsC&C Group urged to consider sale by activist investor
Engine Capital described the Dublin-headquartered drinks group as a ‘perennial underperformer’
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NewsCity snapshot: English winemaker Chapel Down instigates strategic review
The UK’s largest winemaker has announced it will conduct a strategic review of the business that could result in a sale of the company