Finance news – Page 348
-
NewsCity snapshot: Rowan Gormley steps down as Naked’s losses mount
Naked Wines founder Rowan Gormley has announced his intention to retire from the company as the company posted a first half “broadly on track” as revenues grew and losses continued to mount.
-
NewsMedia Bites 21 Nov: FeverTree, Costa Coffee, SSP Group
After five years of beating City expectations, the world’s biggest seller of posh tonic water issued a profit downgrade yesterday.
-
NewsTudor Drinks holds investment talks as it seeks growth funds
The company, whose brands include Harry Bromptons London Ice Tea and Loveau, has been holding conversations with potential investors
-
NewsLondon cake maker Butterscotch Bakery rescued out of administration
The company was acquired by an undislosed party after calling in administrators on 8 November
-
NewsFDF urges collaborative approach to food and drink issues in election manifesto
The FDF has slammed the government plans for a ban on HFSS promotions
-
NewsRabobank warns of continuing volatility in commodity prices
Geopolitical risks and price pressures on farmers are cited as contributing factors in Rabobank’s latest outlook
-
NewsCity snapshot: SSP Group posts double-digit profits growth despite continued global ‘headwinds’
Travel food specialist SSP Group has posted a double-digit rise in underlying operating profits, despite warning of the impact of a number of “external challenges” that will continue into next year. Plus, FeverTree’s UK growth slashed by off-trade slowdown as global sales increase, Finsbury Food Group’s trading momentum continues and all the rest of the latest news from the City.
-
NewsMedia Bites 20 Nov: Lidl, Recycling, Vertical farming
Lidl is giving its UK staff a pay rise worth £10m with a higher hourly rate likely to propel it to the top of the supermarket pay league table.
-
NewsAP Brands cuts fundraising target after cancelling Crowdcube raise
After securing national listings with Brakes and Costco, the brand lowered its target to £200k from £500k
-
NewsBabyfood brand Babease set for rescue as part of pre-pack administration deal
The brand secured a £5.1m investment just four months ago
-
NewsAldi bread supplier Geary’s Bakery sells majority stake
Geary’s Bakery is set to ramp up its growth efforts after receiving a major investment by the Unsworth family
-
NewsGraham’s profits boosted by NPD as liquid milk sector struggles
Graham’s the Family Dairy has reported a ‘solid’ annual performance with profits rising nearly 70%
-
NewsSymonds Retail turnover rises following acquisition by MFG
The business was snapped up by forecourt giant MFG in October for an undisclosed sum
-
NewsLidl raises staff pay in £10m investment
The move makes the lowest Lidl pay rate 13% higher than the government-set national living wage
-
NewsCity snapshot: Coty takes $600m stake in Kylie Jenner’s cosmetics brands
Consumer beauty giant Coty has taken a majority stake in the beauty business of celebrity Kylie Jenner for $600m. Plus all the rest of the latest news from the City.
-
NewsMedia Bites 19 Nov: Business rates, Coty, Jamie Oliver
Boris Johnson’s pledge of a fundamental review of business rates has been greeted with scepticism, with industry leaders fearing that it will “go over old ground”.
-
![Mighty Pea Range[1]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/8/6/7/173867_mightypearange1_366979_crop.jpg)
NewsPea-based milk producer Mighty Pea smashes crowdfunding campaign
The company, which makes a dairy-free alternative to milk from yellow split peas, has so far raised £327k on Seedrs
-
NewsAlbert Bartlett ventures into children’s ready meals with Kiddyum investment
Albert Bartlett has acquired a 40% stake in frozen children’s food supplier Kiddyum for an undisclosed amount
-
NewsPoundland shifts aim to top-up grocery missions
Mat Ankers said new price points had allowed Poundland to introduce enough new lines to cater for the “top-up convenience” mission
-
NewsCity snapshot: Top UK restaurant groups sink deep into the red
The biggest 100 UK restaurant groups have seen profits drop in the past 12 months as they suffered from higher overheads and plunging sales