Finance news – Page 6
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Rapidly growing Regal Foods snaps up Suncrest drinks brand
Regal said the purchase of Suncrest was a ‘milestone’ in its growth journey
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Premier Foods backs Ambrosia porridge pot with £19m investment
Having already invested £9m since 2023 in new custard filling and high-speed packing lines, Premier will now put £10m into building a custard plant at Ambrosia’s Lifton site in Devon
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Fewer bidders eye Costa Coffee as Wagamama owner backs down
It is understood Coca-Cola and its advisers had marked last week as the deadline for indicative offers
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Pladis sales break through £1bn barrier in the UK
The group said it continued to invest in its brands, accelerate the pace of innovation, execute well in market and implement programmes to reduce the supply chain cost base and develop talent
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Hot summer weather warms up retail sales
Retail sales in Britain have increased by slightly more then predicted by economists in August, according to official figures out this morning
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Consumer confidence on the wane ahead of autumn budget
The long-running GfK consumer confidence index fell by two points to –19 in September
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PZ Cussons impresses investors with return to profitability
Shares jumped 12.2% on Wednesday as PZ Cussons reported an operating profit of £20.6m, up from a loss of £83.7m the year before
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Pets at Home shares tank as CEO leaves in the wake of another profits warning
CEO Lyssa McGowan has left the business with immediate effect
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‘Disappointing’ year for SHS as margins squeezed and sales fall
Revenue at SHS fell 5.1% in the year to 27 December 2024, slipping by just over £30m to £631.5m
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Competition watchdog opens probe into Hovis-ABF merger
The CMA said it would consider any initial views on the impact the transaction could have on competition in the UK
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Ben & Jerry’s co-founder quits over ‘censorship’
Ben & Jerry’s co-founder Jerry Greenfield has resigned in protest over alleged censorship of the ice cream brand’s progressive activism by its owner
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Bulmers owner C&C Group loses CFO as revenue slips
Andrew Andrea is leaving for Domino’s Pizza after just 18 months at C&C
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Mighty Slice hires Fiona Fitzpatrick as business advisor as it launches in Morrisons
The new hire runs a consultancy and accelerator for food & drink startups, as well as hosting the Brand Growth Heroes podcast
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Honestly Tasty takes control of La Fauxmagerie in vegan cheese deal
Artisan vegan cheese producer Honestly Tasty has acquired plant-based cheesemonger La Fauxmagerie
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Brits’ confidence in economy down amid high inflation and budget fears
Half of Brits are now expecting the economy to get worse in the run-up to Christmas
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General Mills' sales down again as shoppers ditch big brands
The US company manufactures Häagen-Dazs, Old El Paso, and Green Giant in the UK
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Jamie Oliver vehicle Viva Foods hits the buffers
Viva Foods’ estimated shortfall to creditors will amount to £232k, according to liquidators’ estimates
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Fiid appoints Nix & Kix co-founder as CEO
Fiid has appointed a new CEO to spearhead the next phase of growth at the Irish plant-based convenience brand
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McBride grows profit despite currency headwinds
Profit before tax at McBride rose 5.4% in the year to 30 June 2025, as demand for private label products grew and market share held at ‘all-time high levels’
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PZ Cussons back to black yet ‘more to do’ in transformation
CEO Jonathan Myers praised improvements made in comments attached to the company’s annual report