Finance news – Page 79
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NewsNorth Brewing ‘seeking investment’ to stave off administration threat
North Brewing cited material cost increases and interest rates as reasons why additional funds were required
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NewsMedia Bites 17 January: Ocado, Haleon, THG
Customers switching back to online grocery shopping after a post-pandemic decline helped Ocado’s retail division return to profitability
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NewsCity snapshot: Cigarettes and alcohol behind surprise jump in inflation
Rising alcohol and tobacco prices have contributed to an unexpected increase in the annual rate of inflation in December. Plus, Hotel Chocolat shareholders vote on Mars deal, Just Eat Takeaway and Wincanton issue trading updates and Gusbourne appoints a new boss
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NewsVegan and brewery distress sees deal volumes pick up in 2023, says Oghma
M&A activity in food & drink picked up in the final months of 2023 thanks to a combination of pent-up demand and distress in the plant-based and craft brewery sectors, according to a new report published this morning
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NewsCity snapshot: Ocado returns to double-digit growth amid ‘record’ Christmas
Ocado Retail returned to double-digit growth in its fourth quarter to the end of November, while it also posted “record” Christmas sales amid volumes growith. Plus updates from THG, McBride and Eagle Eye
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NewsMedia Bites 16 January: Ben & Jerry’s, Superdrug, fuel prices
Ben & Jerry’s has called for a permanent ceasefire in Gaza, in a move that risks reigniting tensions with parent company Unilever over the ice cream maker’s stance on Israeli policies
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NewsElla’s Kitchen parachutes in new boss as management team leave en masse
Will Howard left the company last week, part of a management team exodus since owner Hain Celestial introduced a global restructuring strategy at the end of 2023
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NewsMorrisons owner CD&R brings in Dave Lewis for advisory role
Private equity giant Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an advisor to help it grow its global retail empire
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NewsFreja raises £2m from fmcg heavyweights and sport stars Harry Kane and Alistair Brownlee
Former Unilever boss Paul Polman and serial investor Giles Brook have backed the business, alongside Childs Farm founder Joanna Jensen and Kiddylicious founder Sally Preston
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NewsLDC-backed Bramble Foods bolts on The Bay Tree Food Co
Private equity-backed fine foods manufacturer Bramble Foods has added to its offering with the acquisition of The Bay Tree Food Co
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NewsM&A 'will ramp up in plant-based category’ in 2024
Consolidation in the plant-based category is expected to ramp up in 2024 as the difficulties facing the sector continue this year, according to a new survey
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NewsCity snapshot: Bakkavor major shareholder Baupost sells stake to US PE firm
Bakkavor has revealed major shareholder Baupost has sold its entire 20.1% stake in the listed prepared food manufacturer to US private equity firm Long Range Capital
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NewsMedia Bites 15 January: Dave Lewis, UK vegetables, Asda
US buyout firm and Morrisons owner Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser
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NewsCity underwhelmed by supermarkets’ Christmas results despite bumper sales
As many childhoods can attest, the difference between Christmas expectations and festive reality can be an almighty chasm
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NewsCook makes major comeback with sales and profit in growth
Cook entered its latest financial year facing rampant inflation, a heatwave that left high streets deserted, and supply chain disruption
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NewsCity snapshot: UK economy returns to growth amid Black Friday spending boost
The UK economy beat market expectations to return to monthly growth in November, helped by the impact of the Black Friday retail event and fewer strike actions
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NewsMedia Bites 12 January: Marks & Spencer, Tesco, Fortnum & Mason
Marks & Spencer and Tesco have emerged as Christmas winners as shoppers flocked to their stores despite pressure on family finances
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NewsTDR Capital acquires controlling stake in Popeyes UK
Fast food chicken chain Popeyes UK is under new ownership as British private equity house TDR Capital increased its shareholding
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NewsFortnum & Mason to ‘double’ supply chain capacity and invest in food to go
Fortnum’s saw ‘record’ numbers in stores during the Christmas period, but struggled to meet demand online
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NewsMüller UK&I sinks to £6m loss in 2022 as inflationary pressures bite
A £25.8m operating profit in 2021 swung to a £5.9m operating loss in the year to 31 December 2022, its latests accounts have shown