Finance news – Page 69
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NewsHolland & Barrett suppliers outraged over ‘unacceptable’ changes to payment terms
‘It would be carnage if we tried to do a price increase without first giving the heads up to our contacts,’ one supplier told The Grocer
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NewsUK Salads suppliers still looking for produce buyers, three weeks after collapse
Two suppliers have told The Grocer they have not heard from UK Salads or Aldi since administrators were appointed
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NewsDiageo appoints non-exec director John Manzoni as chair
Manzoni first joined the Diageo board in October 2020
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NewsCity snapshot: Unilever to separate ice cream business as part of growth plans
Unilever has unveiled plans to split off its ice cream business and also separately identified €800m in cost savings in a move that will impact about 7,500 jobs. Plus, Diageo appoints new chairman, interims from Eagle Eye and final results from MP Evans
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NewsMedia Bites 19 March: Avara Foods, Reckitt Benckiser, Haleon
A multi-party action has been brought against Avara Foods over pollution of the River Wye, while Reckitt continues to make headlines
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NewsArla invests £179m to become ‘global mozzarella player’
The investment will allow the dairy co-op to ‘significantly’ increase mozzarella production for export markets
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NewsNaked Wines shares hit by reports on debt advisor
Shares in Naked Wines have suffered a fresh slump today after media reports about a refinancing spooked investors in the embattled online wine retailer
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NewsYF appoints fmcg veteran Chris McLaughlin as non-exec
McLaughlin brings more than 20 years of industry experience to the role, including time with Kellogg’s, Tesco and St Pierre Groupe
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NewsLove Hemp falls to second administration in a year
Love Hemp was bought out of administration in 2022
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NewsMockingbird Raw Press adds Mark Cuddigan as new board member
Mockingbird Raw Press has added This CEO Mark Cuddigan to its board to advise the cold-pressed smoothies and juices brand on its growth strategy
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NewsCity snapshot: Reckitt Benckiser shares reeling after US baby formula ruling
Shares in Reckitt Benckiser have rallied this morning but remain at ten-year lows after the multinational saw £5bn wiped from its value on Friday as investors worried about the group’s exposure to lawsuits in the US
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NewsMedia Bites 18 March: Reckitt Benckiser, Coca-Cola Europacific Partners, Nespresso
Reckitt Benckiser saw £5bn wiped from its market cap after the group was ordered to pay $60m in damages to a mother whose premature baby died after being fed Enfamil infant formula
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NewsCity News: Deliveroo shares rise as it progresses towards break-even
Deliveroo shares were up on Thursday as the delivery giant moved closer to breaking even, but concerns persist over its ability to meet demanding growth forecasts amid cuts to marketing
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NewsGenius losses rise to £2.4m in first year of Katjes ownership
Losses increased at gluten-free bakery Genius Foods in the year of its takeover by German confectionery group Katjes
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NewsAG Barr to cut 200 jobs as its switches wholesale delivery model
Irn-Bru owner AG Barr is slashing almost 200 jobs in a cost-cutting overhaul that will see the drinks producer change the way it supplies symbol operators and independents
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NewsCity snapshot: WH Smith CFO Robert Moorhead to retire
WH Smith’s long-serving CFO Robert Moorhead is planning to retire from his position later this year after more than 20 years with the retailer. Plus, Iain McDonald is leaving the board of THG at the end of the month after 14 years
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NewsMedia Bites 15 March: John Lewis Partnership, Unilever, Greencore, Deliveroo
The John Lewis Partnership results gets acres of coverage in this morning’s papers
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NewsWaitrose to open first new stores for a decade after returning JLP to profit
The rollout would include a mixture of Waitrose supermarkets and convenience stores, executive director James Bailey told The Grocer
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NewsOddbox records second year in the red with losses of £3.7m
Food waste campaigner Oddbox has recorded another year of losses as revenue growth reversed amid challenging market conditions for DTC providers
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NewsMedia Bites 14 March: John Lewis Partnership, Nestlé
The latest annual results from the John Lewis Partnership get lots of attention in this morning’s papers