Finance news – Page 7
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NewsNestlé chairman Paul Bulcke steps down early following Laurent Freixe scandal
Bulcke was due to step down as chairman at the company AGM in April next year to be replaced by current vice chairman Pablo Isla but will now leave the role early following shareholder concern over governance at Nestlé
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NewsBone broth challenger Freja appoints new MD to help drive growth
Freja has appointed a managing director to drive the next phase of retail growth at the bone broth challenger brand
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NewsHain Celestial to ‘rapidly reset’ costs as turnaround plan falls apart
Hain Celestial has written half a billion dollars off the value of its assets, as its Hain Reimagined turnaround plan falters
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NewsUrban Legend prepares for collapse in blow to non-HFSS snacking
It is understood a deal has been agreed by an unnamed buyer for the IP and patented technology behind the company’s scientifically engineered non-HFSS doughnuts
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NewsUnilever confirms veteran Srinivas Phatak as new CFO
Phatak took on the acting CFO role in February after Unilever unexpectedly ousted CEO Hein Schumacher
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NewsBrits turn to supermarkets for school essentials after prices drop
Supermarkets saw a surge in sales of school clothes and lunchbox staples after investing in prices
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NewsTesco-backed ‘healthier’ cookie brand Jnck Bakery shuttered
Low-HFSS cookie company Jnck Bakery has entered liquidation after being delisted by Tesco, its major backer
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NewsFood inflation to hit 5.7% by Christmas, warns FDF
The FDF claims inflation will now reach 5.7% by December, an increase from its forecast of 4.8% made in June
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NewsSainsbury’s ends talks to sell Argos to China’s JD.com
The grocer’s plans to sell the retailer only emerged on Saturday
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NewsDiageo jobs at risk amid Northern Ireland ‘consolidation’
It is understood that around 60 positions could be affected by the move
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NewsAssociated British Foods shares plummet on consumer spending worries
Investors retreated from Associated British Foods this week as markets worried about a bleak consumer outlook after Primark’s sales came under pressure and the group’s grocery and sugar divisions also struggled
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NewsByron Burger future in doubt ahead of potential admin’
Tristar Foods filed a notice of intention to appoint an administrator with the courts on 10 September
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NewsFever-Tree plots further non-alcoholic innovation in response to growing demand
Retailers were demanding new non-alcoholic serves, Fever-Tree CEO Tim Warrillow said
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NewsWhole Foods Market losses in the UK total more than £200m as sales decline
Whole Foods Market has posted another large loss in the UK as sales declined by 7% last year on the back of store closures
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NewsMagnum unveils vision for growth outside of Unilever
The Magnum Ice Cream Company has unveiled its vision for growth after its official split from Unilever in November 2025
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NewsFever-Tree’s profits fall after Molson Coors tie-up
Molson Coors bought a stake in Fever-Tree this year as part of a deal to produce, distribute, and sell the drinks brand in the US
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NewsTHG profits down a third due to high whey prices
But the company said trading momentum is building with strategic model changes now bearing fruit
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NewsJohn Lewis Partnership racks up losses in pursuit of rivals
The group insisted it is still ‘well positioned’ to deliver full-year profit growth
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NewsHeineken ups stake in Served but ditches Rum Stripe after sales flop
The brewer paid £2.4m to increase its minority shareholding in Served to 40% last year
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NewsAssociated British Foods struggles with losses for Allied Bakeries and sugar business
ABF CEO George Weston said in a trading update this morning that he was ‘pleased’ with how the group performed in the second half of its financial year