Finance news – Page 93
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NewsMedia Bites 28 September: Morrisons, Chapel Down
News of Morrisons boss David Potts stepping down after nine years at the chain generates headlines this morning.
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NewsCity snapshot: Chapel Down posts strong and profitable first half growth
England’s largest winemaker Chapel Down has posted first half growth of 21% amid strong domestic sales for English sparkling wine and increased exports
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NewsMedia Bites 29 September: AG Barr, Pret a Manger, Amazon
AG Barr’s half-year earnings have soared thanks to recent takeovers and a rise in soft drinks sales
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NewsCity snapshot: AG Barr revenues jump but profits hit by cost inflation
Acquisitions and organic revenue growth helped AG Barr grow first half revenues by a third, but profits were hit by lower margin business and soaring costs. Plus trading updates from PZ Cussons, Finsbury Food Group and Supreme
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NewsMedia Bites 26 September: Aldi, Morrisons, Berry Bros & Rudd
Annual results from Aldi dominate the headlines in the newspaper business sections this morning.
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NewsThis sells stake to ITV for TV ad campaign
Plant-based brand This has sold a minority stake to ITV in return for up to £4m worth of advertising across the station’s channels
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NewsMedia Bites 25 September: THG, Wilko, retail sales
A £200m sale of a business park owned by THG boss Matthew Moulding has fallen through
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NewsCity snapshot: Cash-strapped shoppers drive record sales at Aldi
Aldi has boosted sales to a record high as the cost-of-living crisis pushed more shoppers through the doors of the discounters.
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NewsCity News: Naked Wines shares plunge on £15m loss
Naked Wines shares plunged to new multi-year lows this week after it fell to a £15m loss and downgraded earnings expectations amid a “slower than expected” start to its trading year
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NewsHealeys spends £5m on improvements at Cornish cidery
Tank capacity at the Truro site has jumped by 60%
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NewsNutrigums sells stake to Play.com founder
Functional gummy vitamin brand Nutrigums has sold a stake to the founder and chairman of the online retailer Play.com Richard Goulding for an undisclosed sum
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NewsCity snapshot: UK retail sales rebound in August despite lower fuel sales
UK retail sales rebounded in August as volumes recovered from a wet July, despite a drop in fuel sales as prices rose
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NewsMedia Bites 22 September: Co-op, Asahi, Wilko, Ocado, SSP
The Co-op’s first-half results lead the coverage in a busy morning for fmcg news.
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NewsFinsbury Food Group renews M&A plans after private bid
Finsbury Food has signalled its intentions to pursue a renewed M&A buy-and-build strategy after receiving a £143.4m bid to take the bakery group private.
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NewsHomethings returns to the crowd to support retail and DTC expansion
Refillable home care challenger Homethings is closing in on a £450k crowdfunding goal to support retail listings and continuing expanding online
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NewsCity snapshot: SSP Group annual revenues to reach £3bn on travel rebound
Travel retail specialist SSP Group has forecast its annual revenues will jump 37% to £3bn on the rebound in travel passenger numbers at home and abroad
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NewsMedia Bites 21 September: Wilko, Finsbury Food, inflation
The controversy around the Wilko collapse rumbles on as questions arise over the hole in the pension scheme.
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NewsMeatless Farm launches pasta NPD and ‘For the Tryers’ campaign
Staple Meatless Farm lines are also relaunching into Tesco this month including its plant-based mince and chickenless roast
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NewsAll Things Butter secures six-figure funding to launch chef-led butter brand
Organic butter startup All Things Butter has closed a six-figure pre-seed funding round as it readies for a November retail launch
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NewsNurture Brands pushes into drinks manufacturing with Juice Executive deal
The latest deal for the plant-based fmcg group adds a premium range of fresh and HPP juices, functional shots, smoothies, cleanses and dairy-free nut milks to the portfolio