Finance news – Page 133
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NewsCity snapshot: PZ Cussons trading in line as Nigerian business grows despite volatility
PZ Cussons has told the market it is trading in line with expectations amid a rebound in its Nigeria business despite volatility and currency devaluation in the country
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NewsMedia Bites 23 November: Autumn Statement, Asda, Britvic
The papers this morning are dominated by yesterday’s Autmn Statement.
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NewsWhitby Seafoods appoints new finance director
The leading scampi manufacturer has appointed Carol Gee to its board, following a recruitment process led by Headstar
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NewsBiomel secures multmillion-pound investment to fuel gut health growth
Plant-based gut health challenger Biomel has landed a £5.5m private equity investment to accelerate growth and drive innovation
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NewsMission Ventures launches incubator scheme to boost flexible packaging
The programme is a joint venture between Mission Ventures and Buildr by Foxpak
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NewsMedia Bites 22 November: Deliveroo, Cranswick, minimum wage
Riders for Deliveroo are not entitled to trade union rights such as collective bargaining because they are not employees
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NewsCity snapshot: Britvic volumes ‘resilient’ in face of higher prices
Britvic has held on to customers despite higher prices, with the soft drinks firm blaming a wet and windy summer for a modest annual volume decline.
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NewsMedia Bites 21 November: M&S, Huel, Compass
The middle classes are partly to blame for the rise in shoplifting, according to the chairman of Marks & Spencer.
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NewsCity Snapshot: Cranswick boosted by UK volume growth despite price increases
Cranswick has reported strong top line and bottom line growth as it benefited from inflation recovery and resilient volume growth in the UK
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NewsPerformance drinks startup Amino to expand lineup with crowd backing
Performance nutrition drinks startup Amino is overfunding after beating a £170k crowd target to scale the business and expand its product lineup
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NewsReal Good Food hires recovery specialist as it sells off Rainbow Dust brand
Cake decoration specialist Real Good Food has sold its Rainbow Dust brand and hired an insolvency specialist to explore options for the remaining Renshaw business
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NewsMedia Bites 20 November: Retail sales, Tesco Bank, Hotel Chocolat
British retail sales have fallen to their lowest level since February 2021 as consumers curb their spending
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NewsCity snapshot: Kitwave strengthens foodservice division with Wilds of Oldham deal
Buy-and-build wholesaler Kitwave Group has added another business to its portfolio with the acquisition of Wilds of Oldham. Plus, McBride issues a trading update, CCEP agrees Coca-Cola Beverages Philippines deal and Compass announces “a strong” year.
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NewsVirtue Drinks lands £1.2m in funding to push global growth
Natural energy drinks brand Virtue Drinks has raised £1.2m to underpin a major brand refresh and accelerate global growth
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NewsBurts boosts sales with brand relaunch
A brand relaunch and investment in capacity helped premium snacking player Burts grow sales and profits last year ahead of its sale to Europe Snacks
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NewsCity news: Premier Foods impresses with bumper growth in half year results
Premier Foods shares were on the up again on Thursday as it upgraded profit expectations after maintaining bumper growth in its second quarter
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NewsCity snapshot: UK retail sales volumes fall to lowest level since Covid pandemic
UK retail sales volumes have fallen to their lowest level since the depths of the Covid pandemic as wet weather and the cost of living crisis supressed shopping activity
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NewsMedia Bites 17 November: Hotel Chocolat/Mars, Premier Foods, Carlsberg
The papers react to Mars buying UK chocolate business Hotel Chocolat for £534m
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NewsHotel Chocolat sold to Mars to enable global expansion
Premium confectioner Hotel Chocolat has agreed a £534m sale to US giant Mars after conceding it was unable to accelerate international growth even as a publicly listed company
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NewsCity snapshot: Hotel Chocolat agrees £534m sale to Mars
Hotel Chocolat has agreed a £534m sale to confectionery giant Mars as its current share price does not reflect the “value and potential” of the group. Plus Premier Foods upgrades guidance following strong first half growth.