Finance news – Page 165
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NewsMedia Bites 11 April: Tesco, Poundstretcher, Love Hemp, Unilever
Tesco is in focus as the supermarket giant gets set to publish its annual financial results on Thursday.
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NewsKeeto Life to boost range with £500k funding injection
Low-carb food producer Keeto Life has secured £500k to push into supermarkets and expand its range
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NewsCity News: Hilton Food Group tries to leave inflation woes in the past
A new CEO and a more bullish outlook was not enough to convince the City Hilton Food Group has fully left last year’s inflation-driven travails in the past
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NewsFresh fruit supplier receives $300m investment with HSBC UK support
Westfalia Fruit Group claims to be the world’s leading avocado supplier and is looking to expand its sustainable avocado production
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NewsReal Good Food raises £550k to ride out ‘perfect storm’
Cake decoration specialist Real Good Food has taken out a £550k loan from key investors to see it through a ‘perfect storm’ of rising costs and falling sales
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NewsGSK veteran Nick Cooper joins Quorn as chief financial officer
Cooper worked in several finance roles across GSK’s pharmaceuticals and consumer healthcare divisions
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NewsPlanet Organic seeking £3m to fund new rescue plan
Planet Organic has until next week to secure a deal, with the rescue plan outlining a new slimmed-down business
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NewsHilton Food Group hands reins to former Co-op boss Steve Murrells
Former Co-op Group boss Steve Murrells has been appointed as the new CEO of meat processing giant Hilton Food Group.
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NewsCity snapshot: THG signs 10-year partnership with beauty and fragrance group Maximo
THG has announced a strategic partnership with beauty e-commerce retailer Maximo Group that will see its Ingenuity platform underpin its online operations
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NewsMedia Bites 6 April: Co-op, Hilton Food Group, Berry Bros
The papers pick up on the latest annual results from the Co-op this morning.
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NewsDavid Wood Baking battles surging inflation
David Wood Baking has relieved pressures by sourcing new funding and pushing through price hikes to recover soaring input costs.
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NewsOddbox reports loss as it invests in winning wonky veg customers
Newly filed accounts for the year ended 30 June 2022 revealed the business fell to a £4.8m pre-tax loss, compared with profits of £540k in the previous financial year.
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NewsParfetts drives sales through the £600m barrier for the first time
Sales at the Stockport-based wholesaler jumped 6.1% to £605m in the year to 30 June 2022
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NewsMedia Bites 5 April: L’Oreal, Hammerson, UK economy
L’Oreal has splashed £2bn on fancy hand wash maker Aesop in its biggest deal in decades
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NewsCity snapshot: Co-op boosts profits with “robust” performance but inflationary challenges continue
The Co-operative Group has hailed a “robust” set of annual results as the mutual’s profits received a boost from the sale of petrol forecourts to Asda and cost-cutting. Plus, former Co-op Group boss Steve Murrells appointed as CEO of meat processing giant Hilton Food Group. Hilton also reported a fall in full-year profits.
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NewsFreestar 0.5% beer brand hits crowdfunding goal in 48 hours
Money from the campaign will be invested to drive further draft listings and support the brand’s retail presence
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NewsChill Brands raises £2.6m to develop CBD vapes
International CBD group Chill Brands said the money would also fund a marketing drive for its e-commerce site
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NewsCity snapshot: UK supermarket sales growth continues to lag inflation
UK supermarkets posted double-digit growth in March, but sales growth continues to lag food price inflation, according to new grocery market share figures
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NewsMedia Bites 4 April: John Lewis, Warburtons, L’Oréal
A self-published author who sued John Lewis over its 2019 Christmas advert about a trouble-making dragon has lost her case.
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NewsDing Dong Dim Sum wins backing to scale DTC brand
Thomas Greenwood-Mears and Maya Rodricks launched the London dim sum brand in 2021 and has since sold 70,000 boxes direct to consumer on its ecommerce website