Finance news – Page 7
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Charlie Bigham’s profits soar from growing brand awareness
Revenues at the company rose 8.8% to £144.3m in the year to 31 August 2024 as volumes jumped by the same amount
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Eagle Eye shares down 40% after US grocer cuts contract
Eagle Eye powers loyalty programmes for supermarkets including Tesco, Asda and Morrisons
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Planet Organic losses narrow after year of ‘meaningful progress’
Founder Renée Elliott and new MD Mark Broomfield focused on stabilising Planet Organic’s cost base by closing stores
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Pernod Ricard to make ‘choiceful’ UK marketing bets after wine arm sale
With spirits in decline, not all of Pernod Ricard UK’s brands will receive an uptick in investment
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My Fabulosa eyes global growth with major factory expansion
The company’s European turnover grew significantly last year, offsetting a decline in the UK
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Harry Kane backs functional drinks brand Vital
Kane has previously backed numerous food and drink brands including Bio&Me, Urban Legend and 3Bears
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UK business confidence rebounds to nine-month high
Two new surveys have shown business confidence returning to its highest level since August last year
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Media Bites 30 May: Trump tariff chaos, Asda sales fall, baby formula, drought
Trump’s tariffs can proceed, for now, according to an appeal court
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ChAI creates simpler, cheaper hedging tool for fmcgs
ChAI Protect offers food manufacturers and grocery brands price risk protection ‘at a time of unprecedented commodity pricing volatility’
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Bulmers owner C&C Group pleases shareholders with return to profitability
The cidermaker’s share price sank by about 18% in March after it said its annual earnings would miss expectations
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Adnams losses shrink but debts remain ‘unsustainable’
Despite some disposals, Adnams’ net bank debt reduced by just £600k to £15.3m last year
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EG Group profits sink due to ‘adverse weather’
Fuel volumes fell 2.9% due to problems in the US and Germany, plus reduced demand in Australia
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Media Bites 29 May: inflation, Tesco cameras and microplastics
The news that UK grocery inflation had risen to the highest level since February 2024 dominated yesterday
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Brits rein in food spend in May following Easter splurge
Shoppers are still prepared to indulge but are holding back on some categories, said NIQ
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Humantra set for Boots rollout following investment from JamJar
British entrepreneur Charlie Wright founded the brand in Dubai in 2022, entering the UK market the following year with its range of electrolyte and antioxidant drink sachets
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Fox’s Burton’s reaps rewards of merger to boost profits
Fox’s Biscuits and Burton’s Biscuits merged in early 2022 after both being acquired by Ferrero
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Rémy Cointreau hires new CEO to replace Éric Vallat
Franck Marilly replaces Éric Vallat, whose departure was announced last month
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Pets at Home retail sales maintain drag on thriving vet business
The business said it was impacted by subdued growth in the whole pet sector
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Shoppers to tighten belts as grocery inflation ramps up in May
Kantar’s monthly grocery sales figures also revealed M&S maintained strong growth levels despite being hit by a high-profile cybersecurity incident. The retailer generated a 12.3% rise in spending on groceries in the 12 weeks to 18 May 2025
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Tennent’s and Bulmers owner C&C Group back in black as Roger White takes helm
This morning’s annual results are the first for the company under the leadership of former AG Barr boss Roger White, who took the helm in January.