Finance news – Page 91
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NewsSelfridges losses narrow as footfall returns to stores
Sales grew as shoppers returned to its flagship stores in London and Manchester
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NewsBlue Ocean owes suppliers £3m as it heads for liquidation
Third-party distributor Blue Ocean is on the brink of collapse and is set to leave suppliers facing losses of almost £3m, The Grocer has learned
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NewsWhole Food Earth adds Raw Gorilla to healthy foods portfolio
It marks the family-run business’s second deal in 10 months, following the revival of collapsed online supermarket The Vegan Kind in December
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NewsMedia Bites 11 October: Grocery inflation, PepsiCo, Greencore
The pace of grocery prices inflation has slowed to its lowest rate in 15 months, with the average cost of a pack of butter now 16p less than a year ago
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NewsCity snapshot: Marston’s flags strong performance for new strategy
Pub group Marston’s has increased like-for-like sales by 10.1% in the year to 30 September thanks to a “strong” performance for food and drink.
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NewsLosses widen at Innis & Gunn as rising costs hit profitability
The cost of energy was cited as a significant factor in the brewer’s losses
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NewsVFC Foods expands plant-based offering with acquisition of Clive’s Purely Plants
VFC’s move follows the rescue of Meatless Farm in June
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NewsCity snapshot: Supermarket sales growth rebounds despite falling inflation
Grocery price inflation fell for the seventh month in a row to 11% last month as take home grocery growth rose to 9.1%.
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NewsMedia Bites 10 October: Ultra-processed foods, Labour, grape harvest
Ultra-processed foods including chocolate bars should be labelled as “addictive substances” to help tackle soaring global obesity rates, a team of scientists have argued.
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NewsCurious Brewery and Wild Beer Co sold to St Peter’s Brewery
The sale means a second change of ownership in a year for The Wild Beer Co
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NewsMedia Bites 9 October: Waitrose/Amazon, John Lewis, Sainsbury’s
Groceries from Waitrose could be sold via Amazon under a deal being discussed by the supermarket chain and the online retail group
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NewsCity snapshot: BlueNalu raises $33.5m to scale lab-grown seafood
Lab-grown seafood innovator BlueNalu has raised $33.5m in a series B funding round to continue progress towards launching its sustainable, high-end bluefin tuna across the world.
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NewsCity News: Tesco shares soar on profits upgrade
Tesco shares rose sharply this week as the UK’s largest supermarket hiked its full-year forecasts, on the back of a jump in sales and profits in the first half
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NewsSt Pierre sees sales surge past £150m
Global sales surged past the £150m mark at St Pierre Groupe last year as it was bought by Mexican bakery giant Grupo Bimbo
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NewsCity Snapshot: Footfall falls back in September
UK football eased back in September as consumer caution constrained spending in stores
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NewsMedia Bites 6 October: Imperial Brands, plant-based meat, Cadbury
The maker of Lambert & Butler and Players cigarettes has announced a £1.1 billion buyback, helping to lift its shares a day after Rishi Sunak announced plans to eventually outlaw cigarette sales in England (The Times £). Imperial Brands will buy back £1.1billion shares after bumper demand ...
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NewsThis targets profitability after heavy losses
Meat alternative producer This is targeting profitability by 2025 as it shifts focus from hyper-growth to improving margins following heavy losses.
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NewsCity snapshot: Imperial Brands commits to £1.1bn share buyback as it reiterates guidance
Tobacco giant Imperial Brands will gives a further £1.1bn back to shareholders next year as it announced its trading remains on course to hit full year expectations
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NewsMedia Bites 5 October: Tesco, big tobacco, Carlsberg
Tesco’s latest results grabs all the headlines this morning in the papers, alongside a hit to share prices of big tobacco as Rishi Sunak plans to raise the smoking age.
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NewsWhitby merger could push up prices and reduce quality, CMA finds
The CMA said the deal between the two largest scampi suppliers in the UK could result in a ’substantial lessening of competition’