Finance news – Page 97
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NewsCity snapshot: Premier Foods first quarter sales rise on branded volume growth
Premier Foods has posted a 5.3% rise in first quarter sales, boosted by volume growth and market share gains across its branded portfolio
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NewsMedia Bites 18 July: Amazon, Pernod Ricard, Meatly
A bid to force Amazon to recognise a union for the first time in the UK has failed
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NewsPets Choice expands premium range with acquisition of plant-based petcare brand Hownd
Hownd offers a range of plant-based wet and dry dogfood, wellness treats and cruelty-free certified petcare products, such as shampoo and ear cleaner
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NewsCapVest closing in on Butcher’s Pet Care buyout
The Grocer has learned that CapVest is the last remaining party in the long-running auction being conducted for the petfood maker by investment bank Houlihan Lokey
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NewsCoca-Cola HBC agrees $130m loan for Egyptian projects
The loan from the European Bank of Reconstruction & Development will further the London-listed group’s investment in people development and sustainable business practices in Egypt
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NewsGrowUp Farms bags £38m investment to meet demand for vertically farmed salads
The cash will help GrowUp expand capacity at its vertical farm in Kent, support the Unbeleafable and Fresh Leaf Co brands, and drive R&D at the Leaf Lab site in Cambridge
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NewsRegal Foods expands desserts offering with Love Cheesecakes deal
Regal Food Products has bolstered its chilled desserts offering with the acquisition of artisan cheesecake maker Love Cheesecakes
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NewsMedia Bites 17 July: Ocado, grocery market share, B&M
Ocado is still committed to its London listing even after it was relegated from the FTSE 100 earlier this year, its boss has said
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NewsCity snapshot: Pernod Ricard offloads international wine brands to Accolade Wines owner
Pernod Ricard has agreed to sell its portfolio of international wine brands to the owner of Accolade Wines. Plus, food and drink inflation falls again and Meatly receives regulatory clearance to sell cultivated meat for pet food in the UK
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NewsBetter Nature appoints co-CEOs to lead next stage of growth
Tempeh startup Better Nature has changed its management structure with co-founder Elin Roberts stepping up as co-CEO
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NewsBotivo raises £900k to scale 0% botanical drink
Non-alcoholic aperitivo startup Botivo has closed a six-figure funding round to support UK and international expansion
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NewsCity snapshot: Global shift to online grocery resumes as Ocado cuts losses
Online grocer Ocado has almost halved its first-half losses amid a double-digit increase in revenues as the ‘global channel shift to online has now resumed’
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NewsMedia Bites 16 July: Ocado, Brexit
Investors in Ocado suffered fresh losses as City analysts questioned whether the online grocer should remain a listed company
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NewsMedia Bites 15 July: Unilever, Tesco, Hotel Chocolat
Unilever is planning to cut up to 3,200 office jobs in Europe as its new chief executive presses ahead with drastic restructuring
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NewsCity snapshot: Tesco eyes another £1bn in Finest sales
Tesco is aiming to boost sales of its upmarket Finest own label range by an extra £1bn as it targets winning customers from Waitrose and Marks & Spencer
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NewsCity news: SSP Group shares boosted by positive momentum
SSP Group shares received a double-digit boost this week after its third quarter trading was boosted by fewer railway strikes in the UK and improved consumer sentiment.
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NewsNoble Foods delivers rise in core profits
Happy Eggs producer Noble Foods Group saw headline losses increase last year, but sales and underlying profitability improved despite “challenging” conditions
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NewsCity snapshot: Activist investor Oasis Management ups stake in Greencore
Activist investor Oasis Management has become Greencore’s largest shareholder, a report in the Financial Times notes, adding pressure on the group to accelerate turnaround plans
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NewsMedia Bites 12 July: Poundland/Pepco, Greencore, UK economy
Poundland owner Pepco said sales were hit as disruption in the Red Sea delayed its summer stock getting to stores
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NewsCoffee prices to soar to new heights, Lavazza warns
Coffee prices are on course to rise further from current record highs as poor harvests, supply chain disruptions and new EU deforestation regulations continue to hammer roasters, Italian group Lavazza warned