Finance news – Page 80
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NewsBay’s Kitchen set for retail expansion following six-figure fundraise
The Cheltenham-based business, known for its range of sauces, soups, stocks, gravies and condiments, aims to boost its presence in UK grocery stores and expand internationally
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NewsDavison’s expands into ready-to-eat desserts thanks to banking funding
Family-owned desserts manufacturer Davison’s is expanding its range with new ready-to-eat puddings after agreeing a £6m bank funding package
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NewsFullers Foods’ sales surge in ‘landmark’ year
It is the company’s first full year after its sale to private equity
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NewsMaya Jama invests in plant milk Sproud and becomes co-owner
Jama will be the face of Sproud and a strategic advisor as the brand continues its growth
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NewsHealth app and gut shot brand Zoe staff facing further redundancies
The company confirmed to The Grocer it was “restructuring our teams at Zoe to continue on our ambitious mission of transforming the health of millions”
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NewsCaffè Nero Group grows portfolio with 200 Degrees acquisition
The Nottingham-based company is the fourth purchase in the Nero group portfolio
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NewsPatisserie Valerie owner group appoints new CEO to supervise bakery brands
Vikesh Patel will replace current CEO James Fleming
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NewsRude Health bought by Finland’s Oddlygood
The terms are undisclosed but Rude Health was valued at over £70m in 2020
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NewsMedia Bites 29 October: shop prices, Chinese coffee, in-flight meals
Shop prices have fallen at their fastest pace in over three years, as a fresh cut in interest rates is expected
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NewsCity snapshot: Profit rebuild on track at C&C Group despite poor summer hurting cider sales
C&C Group has delivered profits in line with expectations in the first half despite a washout summer driving down cider sales. Plus, the latest BRC shop price inflation data and full-year results from Ultimate Products
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NewsArtah Nutrition raises £3m to fuel growth in supplements
Rhian Stephenson founded the business in 2021 with a goal of helping customers feel and live better through clinical-grade food supplements and nutrition programmes
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NewsMedia Bites 28 October: Christmas, JLP, Neal’s Yard Dairy
Catch up with all the news from the weekend’s papers
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NewsCity snapshot: Lidl agrees £70m real estate deal to forward fund 12 stores
Lidl has signed an agreement to sell 12 stores under construction to Roadside Real Estate for £70m. Plus, JLP is recruiting a record 12,500 temporary roles across the country over the Christmas period
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NewsChapel Down downgrades sales guidance and takes itself off the market
The winemaker now expects sales to decline in FY24
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NewsCity snapshot: Consumers ‘despondent’ ahead of Labour’s first Budget
Confidence had been returning but has now fallen for three months in a row, according to GfK’s monthly index. Plus, Remy Cointreau downgrades guidances after sales fall 16% in the first half of the year.
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NewsJLM Global Foods seeks rescue deal as administration looms
The Grocer understands a pre-pack deal is potentially close to being secured
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NewsMedia Bites 24 October: Disposable vape ban, inflation, online retail tax, the budget
The government has confirmed a ban on disposable vapes will come into force on 1 June
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NewsCity snapshot: Unilever’s shares rise after beating expectations
Unilever and Danone both beat third-quarter sales expectations thanks to selling more products. Also, Kerry Foods continues to battle deflation, and Applied Nutrition announces its valuation before the IPO on Thursday
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NewsCoca-Cola exceeds quarterly expectations due to higher prices
The drinks giant got a boost from higher prices that offset a surprise drop in volumes