Finance news – Page 7
-
NewsDiageo names former Tesco boss Dave Lewis as new CEO
Diageo has named former Tesco boss Dave Lewis as the Johnnie Walker and Guinness owner’s next chief executive
-
NewsLimetrack scores seven-figure investment to help tackle food waste
Food waste technology firm Limetrack has raised more than £1.3m to fuel its next phase of growth across the UK and Europe
-
NewsFeragaia sells majority stake to Isle of Raasay whisky owner
Alcohol-free spirits challenger Feragaia has been snapped up by independent luxury goods group Chanrossa
-
NewsWilliam Grant & Sons confirms new leadership following CEO departure
William Grant & Sons has confirmed the departure of CEO Søren Hagh
-
NewsAssociated British Foods investors divided over Primark separation plans
Investors were divided this week about the potential for Associated British Foods to break up the group with a separation of Primark and the food business
-
NewsBakkavor deal inches closer as Greencore agrees to sell off factory
Greencore’s £1.2bn takeover of chilled rival Bakkavor has been greenlit by the CMA, after the markets watchdog accepted in principle the food giant’s plan to sell off its Bristol sauces and soups plant
-
NewsNomad Foods ‘making progress’ despite Q3 profit hit
Nomad Foods chief executive Stéfan Descheemaeker has insisted the company is ‘making progress’ on profit initiatives, after the company revealed a slow summer had knocked earnings by 14.2%
-
NewsDiageo to sharpen focus on RTDs as spirits softness persists
Pre-batched cocktails could help Diageo meet evolving consumer need states including a desire to consume less alcohol and fewer calories, interim CEO Nik Jhangiani said
-
NewsSainsbury’s CEO: ‘we’re not in any discussions’ to sell Argos
Sales at Argos grew by 2.3% in the first half of 2025
-
NewsTate & Lyle ‘disappointed’ as sales slip
The ingredients maker is now accelerating a series of moves to try and return to growth
-
NewsSainsbury’s raises profit guidance as momentum continues
Sainsbury’s previously warned profits would fall as it invested in price
-
NewsDiageo blames ‘softer US consumer’ for failure to return to growth
The Johnnie Walker maker has slightly downtraded sales and profit forecasts after a disappointing first quarter
-
NewsUnilever ice cream division declares Ben & Jerry’s chair ‘unfit to serve’ the brand's board
The Magnum Ice Cream Company has decided Ben & Jerry’s chair Anuradha Mittal ‘no longer meets the criteria’ to serve in her board role
-
NewsWilliam Grant & Sons silent on CEO exit reports
William Grant & Sons reported a 30% decline in profits in the year ended 31 December 2024
-
NewsLA Brewery secures investment to turn around fortunes
LA Brewery has raised almost £1m from shareholders to put the lossmaking kombucha brand’s operating model on a more sustainable footing
-
NewsKFC UK sales grow 9% as value-driven menu innovation pays off
New menu launches, including the 60-piece Popcorn Chicken Bucket, ‘drove incremental sales’
-
NewsTract raises €20m to strengthen supply chain resilience
Data management firm Tract has raised close to €20m in a Series A round to expand its supply chain intelligence platform
-
NewsStrong GB volumes boost Coca-Cola Europacific Partners
Volume growth in Great Britain helped propel bottling group Coca-Cola Europacific Partners (CCEP) to a ’solid’ third quarter despite weaker category demand globally
-
NewsM&S cyberattack cost £136m but retailer ‘regaining momentum’
M&S has revealed direct costs of the cyberattack that sent systems haywire in Easter will total £136m in 2025, as further charges land on top of £101.6m in costs already sustained
-
NewsMolson Coors books $4bn in impairments as sales slide continues
The Coors and brand owner said sales in its financial third quarter fell by 3.3% to $2.97bn