Finance news – Page 6
-
NewsUnilever ice cream spin-off delayed by US government shutdown
Unilever initially planned to spin-off the business in mid-November
-
NewsMolson Coors to cut 400 jobs in ‘Americas’ restructuring
The move will result in a 9% reduction in headcount in the region
-
NewsPizza Hut UK swoops for dine-in restaurants but 68 sites at risk
Sixty-eight Pizza Hut restaurants remain at risk of closing
-
NewsSupreme buys Slimfast in £20m deal
Supreme has picked up dieting brand Slimfast for £20m in a bid to tap the boom in weight loss jabs
-
NewsB&M CFO hands in notice after accounting error knocks profit
B&M’s CFO has told the board he will step down, after a £7m accounting error forced the company to downgrade its profit guidance for the 2026 financial year
-
NewsNestlé job cuts plan welcomed by investors
Nestlé’s plan to cut 16,000 jobs over the next two years may do little for staff morale, but was heartily welcomed by investors
-
NewsJohnson & Johnson hit by £1bn talc cancer claim in UK legal action
Johnson & Johnson (J&J) has been hit by a UK group action lawsuit claiming that its talcum powder caused cancer
-
NewsLab-grown meat pioneer Gourmey acquires Vital Meat in crucial step forward
Gourmey has taken on Vital Meat’s team and Nantes-based infrastructure
-
NewsBeyond Meat crashes own share price in debt deal
The vegan meat-mimicking manufacturer’s share price has collapsed 74.5% in a single week’s trading
-
NewsRetail distress now exceeds 2009 financial crisis levels
Weak demand, fragile confidence and continued disruption from US tariffs have continued to weigh on performance
-
NewsNestlé to cut 16,000 jobs as new boss accelerates turnaround
“The world is changing, and Nestlé needs to change faster,” said Nestlé’s new CEO
-
NewsPernod Ricard remains hopeful despite sales falling again
Pernod’s share price is already down by a third over the past year
-
NewsWarburtons acquires Roberts Bakery factory
Market-leading bakery Warburtons has acquired a speciality bread factory from Roberts Bakery, The Grocer can reveal
-
NewsABF takes a bigger slice of Cook
ABF has increased its stake in posh ready meal manufacturer Cook, five years after first investing in the brand
-
NewsJoe Delucci’s hits the buffers… again
Serial phoenix company Joe Delucci’s has gone belly-up again, owing an estimated £1.1m to creditors
-
NewsUnilever slims prestige beauty further with Kate Somerville sale
Unilever has sold its prestige skincare brand Kate Somerville to Rare Beauty Brands, a US cosmetics business founded by singer and actress Selena Gomez, for an undisclosed sum
-
NewsRoberts Bakery seals rescue deal saving more than 400 jobs
Roberts Bakery has been rescued by a private investment firm saving more than 400 jobs and preserving the 138-year-old business
-
NewsSupermarket volumes decline on shopper caution ahead of Christmas
Total till sales at UK grocers increased 4.1% in the four weeks to 4 October, the same level as the previous month, NIQ reported
-
NewsPladis global sales surpass £3bn
Revenues at McVitie’s owner Pladis have surged past £3bn as product innovation and increasing business overseas helped the group to a record year
-
NewsCaffè Nero reports ‘record sales’ led by summer iced drinks
In the UK, sales grew by 7% to £93m, driven by demand for iced drinks