Finance news – Page 7
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NewsUS tariffs ‘risk $2bn in lost sales’, major alcohol trade bodies warn
Wine and spirits were unique products often tied to specific geographical regions around the world, the letter argued.
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NewsFood & drink SMEs hail government crackdown on late payers
The government’s plan will mean a shift to enforced 60-day maximum payment terms when paying SME suppliers, reducing to a 45-day maximum after five year
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NewsFaith in Nature sinks to a loss following IT disruption
Faith in Nature has plunged into the red as a software upgrade caused “significant disruption” at the eco personal care brand
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NewsKFC owner Yum Brands sees Q2 boost but Pizza Hut profits suffer
The fast food corporation’s total revenues jumped 10% to $1.9bn (£1.4bn) in the second quarter
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NewsTHG agrees £100m cash sale of Claremont Ingredients
THG has agreed a £103m deal to sell its Claremont Ingredients business to European flavourings manufacturer Nactarome Group
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NewsCoca-Cola Europacific Partners downgrades revenue guidance but profit healthy
Coca-Cola Europacific Partners has downgraded its revenue guidance for 2025 despite a “solid first half performance” that boosted reported operating profit by 19.4%
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NewsNaked Wines CEO eyes 2028 for return to growth
Annual results posted on the London Stock Exchange earlier today showed the group’s revenues had fallen 14% to £250m in the year to 31 March 2025
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NewsDoughlicious secures $5m to continue US expansion
The round was led by Rich Products Ventures, the venture capital fund of family-owned US food group Rich Products, and private investor collective The Angel Group, along with backing from existing investors
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NewsOnline high-protein retailer Muscle Food under new ownership
Nick Preston and Ross Carlin bought the Nottinghamshire-headquartered company for an undisclosed sum from previous owner The GPS Food Group
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NewsSticks’n’Sushi B2B and catering arm ‘rapidly accelerating’
The sushi group described 2024 as a year of ‘transformational change’ as it expanded to 30 sites and three catering and delivery kitchens
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NewsDomino’s profits sink amid lower demand and rising costs
The pizza group experienced a 14.8% decline in pre-tax profit to £43.7m in the first half of 2025
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NewsBetter Nature to take the fight to chicken as it secures £1.1m funding
The round will help Better Nature supercharge its sales and marketing initiatives, as well as invest in innovation and widen the appeal of tempeh to more consumers
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NewsIceland Foods hails ‘market leading’ performance despite reports profits have thawed
Iceland reported ‘sales growth ahead of the market’ and ‘market-leading’ volume growth, executive chairman Richard Walker claimed, despite reports of a slump in profit growth
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NewsImp & Maker wins £500k investment for luxury hamper business
Luxury food and drink gift company Imp & Maker has won £500k investment to clear its debt and push it into the next phase of growth
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NewsDiageo: Accelerate cost savings programme ‘not about’ job cuts
Savings would come from reduced overheads, more targeted trade investment and A&P and supply chain efficiencies, Diageo said.
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NewsDiageo’s profits tumble after rocky year
The maker of Guinness and Smirnoff said operating profits were down almost 30%, below analyst’s expectations
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NewsMorrisons profits surge as focus on availability and value pay off
The supermarket attributed growth to ‘sharper prices, increased availability and an improved range'
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NewsMcDonald’s UK profits almost double amid 'broader focus on value'
McDonald’s UK posted pre-tax profit of £120m in 2024, up from £66.3m in 2023
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NewsMotor Fuel Group minority stake sold for £500m
The sale will place 21% of MFG’s equity under Apollo’s control, and Apollo will appoint a representative to MFG’s board of directors
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NewsVilla Maria owner invests in celebrity winemaker Invivo
Invivo will remain independently owned and operated by its co-founders Tim Lightbourne and Rob Cameron