Finance news – Page 92
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NewsSupreme acquires Clearly Drinks in £15m deal to broaden offering
Vape supplier Supreme has diversified its offering with the £15m acquisition of Clearly Drinks
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NewsSamworth Brothers promotes from within as CEO Hugo Mahoney steps down
Samworth Brothers has parted ways with CEO Hugo Mahoney and promoted a new boss from within its ranks of current executives, The Grocer can reveal
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NewsMedia Bites 24 June: Britvic/Carlsberg, retail sales, Getir
Carlsberg is understood to be preparing to put a third bid for Britvic on the table
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NewsCity snapshot: Carlsberg receives Pepsi blessing for Britvic takeover
PepsiCo has given Danish brewer Carlsberg the go-ahead to continue its pursuit of soft drinks group Britvic. Plus, vaping group Supreme snaps up soft drinks group Clearly Drinks for £15m and THG issues trading update ahead of AGM
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NewsCity News: Tesco shares rise on continued market share gains
Tesco shares received a further boost following another “strong” quarterly performance, with investors buoyed by UK market share gains and strengthening volumes
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NewsWilkin & Sons puts its £2m loss down to hikes in cost of energy
Royal Warrant holder Wilkin & Sons fell to a £2m operating loss last year as soaring energy prices and input costs hurt its bottom line.
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NewsWarburtons sees record sales in tough wrapped bread category
Bakery giant Warburtons shrugged off the declining wrapped bread category to post record sales and profits last year
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NewsCity snapshot: Britvic rejects £3.1bn Carlsberg takeover bid
Soft drinks player Britvic has announced it has rejected two takeover approaches from brewing giant Carlsberg
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NewsMedia Bites 21 June: Tate & Lyle, Ocado, Sainsbury’s
In a packed morning in the papers, a major deal by Tate & Lyle and a share price crash for Ocado make headlines
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NewsFuel10k founder Barney Mauleverer launches £10k Future of Food competition
The fmcg entrepreneur said the Future of Food event planned for November would be a cross between Dragons’ Den, TedX Talks and the Model UN
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NewsWho Gives a Crap sees profits rise on demand for sustainable range
Profits have soared at Who Gives a Crap as a growing number of environmentally conscious consumers opt to switch toilet paper for more sustainable alternatives
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NewsCity snapshot: Sainsbury’s sells banking arm to NatWest
Sainsbury’s has a agreed a deal to sell its core banking operations to NatWest to significantly scale down its presence in the financial services sector. Plus, Tate & Lyle agrees £1.4bn acquistion and full year results from DS Smith
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NewsMedia Bites 20 June: Young’s, inflation, Amazon
Soaring demand for Guinness helped pub group Young’s to a record full-year profit, as cool weather shifted Britons’ drinking tastes
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NewsCity snapshot: UK inflation back at 2% as food prices fall
UK CPI inflation was back to the Bank of England target of 2% in May, as food prices fell back during the month compared to a rapid price rise a year ago
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NewsMedia Bites 19 June: Asda/grocery market share, McDonald’s, China/EU
Asda has suffered a fresh slump in sales, new figures reveal, as the heavily indebted supermarket struggles to compete against its rivals
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NewsCity snapshot: Grocery growth slumps amid wet weather and falling inflation
Take-home grocery sales rose by just 1% over the four weeks to 9 June 2024, marking the slowest increase since June 2022, as poor weather and falling inflation hit supermarket sales
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NewsMedia Bites 18 June: shoplifting, royal warrants, James Watt
John Lewis and Waitrose have said “greed not need” is driving record levels of shoplifting
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NewsThis gains £20m backing to accelerate meat alternatives growth
UK plant-based food company This has received investment worth £20m to accelerate its UK growth and expand its meat alternative product range
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NewsCity snapshot: Vegan supplier This recalls product over e.coli fears
Vegan supplier This has become the third sandwich manufacturer to withdraw products due to possible contamination
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NewsMedia Bites 17 June: Tesco, E. coli outbreak, Morrisons
Tesco continued to win market share and grow volumes in the first quarter, leaving the grocery giant on target to hit its full-year sales target of £70bn