Finance news – Page 96
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NewsCity snapshot: Italian food group Newlat buys Princes for £700m
Italian food group Newlat has bought canned food giant Princes from Japanese conglomerate Mitsubishi Corporation in a deal worth £700m
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NewsCity news: M&S delights investors as turnaround finally takes hold
Investors lapped up declarations from Stuart Machin of Marks & Spencer entering a new era as a hard-fought and long-awaited turnaround started to bear fruit
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NewsCity snapshot: wet weather dampens UK retail sales
Retail sales volumes plunged by 2.3% in April as wet weather and cost of living constraints hit activity across the sector
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NewsMedia Bites 24 May: Mondelez, Morrisons, Gusbourne
The papers pick up on a €337.5m fine for Mondelez after the Toblerone, Milka and Oreo was found to be involved in anti-competitive practices in the EU
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NewsHunter & Gather secures £500k to help maintain rapid growth
Hunter & Gather has secured a six-figure investment to support its expanding retail distribution and maintain rapid growth
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NewsBlockhead appoints liquidators weeks after running crowdfunding campaign
Functional chewing gum startup Blockhead has collapsed just weeks after attempting to raise £500k in a crowdfunding campaign
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NewsBakkavor scoops up Moorish houmous brand
Founded by Julie Waddell in 2012, Moorish generates annual revenues of about £2m and is stocked by the major supermarkets and independent retailers
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NewsMedia Bites 23 May: M&S, UPFs, inflation
The front pages of today’s papers are dominated by the suprise election but sparkling M&S annual results also receive blanker coverage
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NewsCity snapshot: ‘Robust’ year for Tate & Lyle as it completes transformation with $350m sale of Primient
Tate & Lyle has completed its transformation to become a growth-focused speciality food and beverage ingredients business with the sale of its remaining interest in Primient for $350m. Plus, full-year results from Tate & Lyle, a Q1 update from Bakkavor, Coca-Cola Europacific Partners appoints CFO and Gusbourne publishes annual results
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NewsYorkshire Tea grabs highest-ever share of black tea category as Bettys & Taylors profits soar
Hot drinks supplier Bettys & Taylors has returned to double-digit sales growth, pushing revenues close to £300m as Yorkshire Tea extended its number-one position in the UK black tea market
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NewsDanone invests €70m into medical nutrition capabilities
The majority of the investment will be spent on installing a new medical nutrition production line
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NewsUnilever Graze integration putting ‘significant number of jobs at risk’
Graze is losing its independent status after owner Unilever set in motion plans to integrate the snacking brand into the wider group, with a significant number of jobs on the line as a result, The Grocer has learned
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NewsOff-trade bolsters Adnams topline but losses widen on rising costs
The brewer recorded topline growth for the third consecutive year
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NewsFood and drink M&A activity hits eight-year high
M&A activity in food and drink has picked up in 2024 as market conditions continued to ease, with deal numbers hitting their highest levels since 2016, according to a new report released this morning
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NewsMedia Bites 22 May: Kantar, Nestlé, THG
This morning’s papers focus on UK grocery inflation falling to near its historical average as they pick up on the latest data from Kantar
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NewsCity snapshot: New beginnings for M&S as profits soar
Marks & Spencer has declared the start of a new era as its turnaround plan delivered bumper profits and sales growth. Plus, UK inflation falls to “normal” levels and losses widen at brewer Adnams
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NewsPukka names Isaac Fisher CEO under continued family ownership
Fisher has the ‘full support’ of the founders’ sons, Tim and Andrew Storer
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NewsMission readies £1.3m crowd raise to fuel growth
Natural energy drinks brand Mission is prepping a £1.3m crowdfunding campaign to fuel its growth over the next two years
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NewsBio Dima to reduce food waste with help from six-figure loan scheme
Established in 2015, the Hertfordshire-based company works with farms across Europe, importing fresh seasonal organic produce
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NewsLidl share reaches record high as Aldi growth continues to slow
Of the traditional big four, Asda is the only one whose sales are down year on year, by 2%