Finance news – Page 85
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NewsFourpure placed into voluntary administration to ‘protect brand’
It comes six months after the brewery entered into a company voluntary arrangement
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NewsField marketer Dee Set Group acquired by Acosta Europe
The undisclosed deal creates what Acosta described as a “market-leading” retail and afield marketing services agency
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NewsNew light shed on Lidl’s store opening slowdown by parent’s €1bn interest costs
Accounts for Lidl Stiftung & Co KG have revealed interest expenses of €1.025bn in the 12 months to 29 February 2024, up from €462m the previous year
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NewsMindful Chef narrows losses as it withdraws from retail
The meal kit provider was forced to radically trim costs last year ‘to align to the lower turnover levels’
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NewsMedia Bites 2 October: oil prices rise, slowing wage growth, capital gains tax
Oil prices rise after Iran missile attack on Israel
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NewsBooths hails ‘solid’ performance after customer investment pays off
Results were helped by ‘record’ Christmas sales and Booths’ investment in stores
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NewsM&A activity makes a comeback as Carlsberg and Newlat lead surge of deals
Deal volumes in Q2 grew 32% year on year, with 49 transactions completed
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NewsCity snapshot: Record sales as Shepherd Neame shifts focus away from off-trade
Britain’s oldest brewer Shepherd Neame has posted record revenues and a “good” uplift in profit as it pivoted away from the off-trade to focus on its pubs.
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NewsNorthern Monk returns to the crowd for £1m raise to support growth
Funds will be used to open a flagship Northern Monk venue in London
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NewsMondelez takes minority stake in non-HFSS doughnut brand Urban Legend
The tie-up will help Urban Legend accelerate its growth
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NewsFilippo Berio volumes hit by spike in olive oil prices
Filippo Berio has marked another “challenging year” as record olive oil inflation continues to weigh on profits
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NewsMedia Bites 1 October: shop price deflation, the autumn budget, soft plastic recycling
Latest BRC data shows shop prices continuing to fall, while the mood ahead of the budget is also making headlines
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NewsCity snapshot: Greggs like-for-like growth slows in Q3
Greggs has indicated an easing of cost inflation as it made “further good progress” in the third quarter. Plus, the BRC reports an increase in food inflation in September, and Pfizer sells down its stake in Haleon
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NewsCapVest-owned Natra acquires Belgian luxury chocolatier Gudrun
CapVest-owned chocolate maker Natra has swooped to acquire Belgian luxury chocolatier Gudrun to create a global confectionery platform
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NewsMedia Bites 30 September: Applied Nutrition, EPR, Tropicana, Asda
There’s plenty of headlines to catch up on in this weekend’s papers
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NewsFentimans sinks into the red as sales lose fizz
The group swung from a £610k profit to pre-tax losses of £656k in the year ended 31 December 2023 as revenues sank 7.6% to £39m
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NewsCity snapshot: Applied Nutrition fires starting gun on London IPO
Sports supplements group Applied Nutrition has revealed plans to float on the London Stock Exchange in an IPO that is expected to value the Liverpool-based company at £500m. Plus, pre-tax losses at Gusbourne have widened in the first half as saled came in below expectations
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NewsMedia Bites 27 September: Morrisons’ mixed fortunes, Amazon pays tax, Freeport failure
Morrisons’ Q3 results drew a lot of the headlines
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NewsCity snapshot: Cranswick upgrades profit expectations on robust volume growth
Cranswick has raised its profit forecasts for the year after stronger-than-expected trading in the first half. Plus, Microsalt reports maiden interim results
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NewsAsda to offer sustainability-linked financial incentives to its suppliers
Asda farmers who engage in sustainability practices and work towards decarbonisation will get access to better financing from HSBC UK