Finance news – Page 180
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NewsMy Fabulosa benefits from non-core moves as disinfectant sales slow
Cleaning disruptor My Fabulosa has overcome the post-Covid slump in disinfectant sales by rapidly expanding its fragranced ranges outside of its core category
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NewsJuvela gluten-free brand snapped up by S-Ventures
Fmcg investment house S-Ventures has acquired gluten-free brand Juvela to expand its portfolio of free-from suppliers
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NewsCity snapshot: Losses widen at Real Good Food as volumes tumble
Falling volumes and a delay in passing through price increases has pushed Real Good Food further into the red. Plus, consumer confidence edges up but remains at historic lows, and retail sales fall unexpectedly.
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NewsMedia Bites 16 December: Unilever, interest rates, consumer confidence
Unilever has resolved a lawsuit brought by the board of Ben & Jerry’s over sales in the occupied Palestinian territories, ending an 18-month dispute.
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NewsNurture Brands buys seaweed crisp maker Abakus Foods
Plant-based group Nurture Brands has continued to build its portfolio of brands with the acquisition of seaweed crisps producer Abakus Foods.
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NewsCity snapshot: Carlsberg buys Canadian craft brewer Waterloo Brewing for £86m
Carslberg has announced it has agreed to buy Canadian craft brewer Waterloo Brewing for a total equity value of CAD144m (£86m)
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NewsMedia Bites 15 December: inflation, Aldi, Pepco, insolvencies
The main stories in today’s papers is the fall in the UK inflation rate.
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NewsBumboo smashes £400k crowd target to grow bamboo toilet paper brand
Eco toilet paper challenger Bumboo has cleaned up a £400k crowdfunding round, valuing the startup at £5m
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NewsMedia Bites 14 Dec: grocery market share, pound, turkey prices
Shoppers have continued to cut back on non-essentials as inflation eats into budgets
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NewsCity snapshot: Food prices hit new 45-year high but overall inflation slows
Food prices have continued to soar to fresh 45-year highs despite the overall headline rate of UK inflation slowing down in the past month. Plus, The British Honey Co and Love Hemp both secure loans to solve immediate cashflow pressures.
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NewsRichard Walker’s MP bid ‘could leave Iceland more vulnerable to takeover’
Walker’s ambition could leave the business more vulnerable to takeover from opportunistic investors, according to a City source
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NewsGrounded closes seed round to fund plant-based protein shakes
Launched in 2020, the brand quickly picked up listings in premium retailers such as Selfridges and Planet Organic, as well as in the Soho House estate and gym groups across London, including Virgin Active and Gym Box.
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NewsThe British Snack Co raises £150k from the crowd
Snacking brand The British Snack Co has hit a crowdfunding target as it prepares to relaunch its pork scratching range and accelerate the growth of its sales channels.
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NewsToast Ale secures £2m to continue food waste fight in beer category
Social enterprise brewery Toast Ale has raised more than £2m to grow the positive impact of its business, with investors including Heineken and former Unilever boss Paul Polman.
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NewsMedia Bites 13 December: high street, hot water bottles, UK economy
Frustrated online shoppers are being steered to bricks-and-mortar stores
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NewsCity snapshot: Double digit inflation drives supermarket sales rise despite volume slump
Supermarket sales grew 7.6% in November, driven by soaring inflation which mitigated a 4.3% in volumes as shoppers cut back amid cost of living pressures
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NewsMedia Bites 12 Dec: Tesco, UK economy, Discounters
Tesco preparing to kick off a search for a new chairman, firing the starting gun on a race to fill one of the FTSE-100’s most prestigious boardroom posts
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NewsCIty snapshot: Kitwave acquires foodservice wholesaler WestCountry Food in £29m deal
Kitwave Group has snapped up fresh produce wholesaler WestCountry Food Holdings for £29m to incorporate into the company’s foodservice division. Pkus, Fever-Tree Drinks appoints new chairman.
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NewsCity News: Naked Wines shares buoyed despite first-half loss
Naked Wines shares were buoyed this week by signs of a bottom line turnaround, despite slipping to a first-half loss
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NewsAdministrators seek buyer for Wild Beer Co
Beer brand Wild Beer Co has fallen into administration after struggling to recover from the pressures of Covid, while battling rising costs