Finance news – Page 55
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NewsThis gains £20m backing to accelerate meat alternatives growth
UK plant-based food company This has received investment worth £20m to accelerate its UK growth and expand its meat alternative product range
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NewsCity snapshot: Vegan supplier This recalls product over e.coli fears
Vegan supplier This has become the third sandwich manufacturer to withdraw products due to possible contamination
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NewsMedia Bites 17 June: Tesco, E. coli outbreak, Morrisons
Tesco continued to win market share and grow volumes in the first quarter, leaving the grocery giant on target to hit its full-year sales target of £70bn
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NewsCity News: C&C Group shares crash amid departure of CEO
Troubled C&C Group saw a further share price fall on the news its CEO has stepped down and a huge €125m writedown of its Magners cider brand
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NewsPladis reports record revenues as share gains boost trading
The owner of McVitie’s saw a £127m jump in sales last year as price increases and branded market share gains boosted trading
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NewsCity snapshot: Tesco continues to grow UK grocery market share and volumes
Tesco has announced another ‘strong’ quarterly performance ahead of its AGM today, with UK market share gains and strengthening volumes
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NewsMedia Bites 14 June: Labour manifesto, Brexit, Fuller’s
The release of Labour’s manifesto is the main news in this morning’s papers
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NewsShareAction calls on Tesco to justify Ken Murphy’s £10m pay package
Murphy’s pay more than doubled last year, despite his fixed pay falling from £1.7m to £1.6m, with a bonus of £3.38m and shares worth £9.91m
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NewsDirtea partners with Bear Grylls to get mushrooms to the masses
Dirtea has received a seven-figure investment from Bear Grylls as part of a new partnership, with the television presenter and adventurer becoming a global ambassador for the functional mushroom challenger brand
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NewsCity snapshot: PayPoint profits rise on revenue growth
PayPoint has poisted a near 22% jump in underlying profits following strong revenue growth in its full financial year, helped by the acquisition of Love2shop
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NewsMedia Bites 13 June: M&S, economy, Kroger
It’s a very quiet morning in the papers for fmcg news
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NewsCommon Drinks raises six-figure funding to launch functional drinks range
Functional drinks startup Common has bagged a six-figure investment from a clutch of fmcg heavyweights as consumer demand for health-focused beverages continues to grow
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NewsBrewDog founder and former CEO James Watt backs Living Things soda
Watt would help scale the business and open export opportunities, Living Things said
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NewsMedia Bites 12 June: supermarket bread, Diageo, BHS
Four major UK supermarkets accused of misleading ‘freshly baked’ bread claim
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NewsCity snapshot: Euro 2024 to net retailers a sales boost
Retailers are set to score a spending boost as Euro 2024 kicks off on Friday with Scotland taking on host nation Germany. Plus, losses widen at spirits group Distil
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NewsDiageo sells majority stake in Guinness Nigeria
Diageo has sold a controlling stake in its Nigerian Guinness operation to its distributor in the country in a deal worth about $70m (£55m)
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NewsMedia Bites 11 June: Boots, Asda, Chill Brands
The papers follow up Bloomberg’s story that Walgreens Boots Alliance has shelved plans for a London float of Boots
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NewsCity snapshot: Cake Box posts ‘positive’ sales and profit growth
Egg-free cake chain Cake Box has posted a rise in annual sales in profits as it continues to grow its store estate and drive organic growth
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NewsFood manufacturers see revenues drop 9% in the first three months of 2024
British food manufacturers are still under immense economic pressure
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NewsWelsh cheese producer Mona Island Dairy appoints administrators
The business had warned last month that it could no longer trade, citing a lack of investment