Finance news – Page 48
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NewsPremier Foods eyes M&A push as sales of brands pass £1bn
CEO Alex Whitehouse called the 52 weeks ended 29 March “another strong year” for the group and highlighted further M&A as a central pillar of the growth strategy
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NewsPremier Foods sales exceed £1bn thanks to ‘premiumisation’ trend
The Mr Kipling and Ambrosia maker posted headline revenue growth of 3.5% in the year to 29 March 2025
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NewsTreasury Wine Estates hires Sam Fischer from Australian peer Lion as new CEO
Sam Fischer will join the Australian wine maker in October
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NewsHeura secures €20m EIB loan to boost plant-based innovation
The fresh capital will also help the business scale up production capacity as it invests in equipment at its laboratories and co-manufacturer facilities in Spain
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NewsSuntory invests £6m in sustainability makeover for Lucozade Energy bottles
The change will save 956 tonnes of plastic annually
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NewsMedia Bites 14 May: US now eyes pork and poultry deals, M&S hacking, Moët Hennessy’s ‘crisis’
Pork, poultry, rice and seafood are ‘at the front of the line’ in talks to expand last week’s UK/US trade deal, says the US agriculture secretary
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NewsFood companies scaling back growth plans as costs rise by up to 10%
Food and drink business have been massively scaling back growth plans as confidence remains at rock bottom, a new survey by the FDF reveals
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NewsNewlat to buy Diageo operations in Italy to grow drinks exposure
The factory in northern Italy produces alcoholic and non-alcoholic drinks
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NewsJTI takes controlling stake in UK’s biggest independent vape company Flavour Warehouse
JTI confirmed the deal, saying it was ‘in line with our exploratory approach for reduced-risk products beyond heated tobacco sticks’
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NewsMedia Bites 13 May: consumer spending, pub sales, immigration and labour market
Warm weather has boosted consumer spending but wage growth has slowed
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NewsFood sales soar as sunny weather boosts Easter spend
Retailers have been enjoying a boost from sunny weather, with both food sales and total retail sales up year on year in April, according to the BRC
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NewsUnited Wholesale Scotland moves south with Time Wholesale acquisition
United Wholesale Scotland will take over the business in July
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NewsMedia Bites 9 May: trade deals, tariffs and empty shelves
It was wall-to-wall trade deal talk yesterday, with Trump calling the US-UK agreement ‘comprehensive’, despite it being anything but
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NewsCampari misses sales forecasts on ‘soft’ first quarter trading
Revenues at the Aperol supplier declined by 4.2% to €665.6m in the three months ended 31 March
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NewsTariff fears prompt Molson Coors to lower sales and earning forecasts
Molson Coors sales in the three months ended 31 March fell by 11.3% on a reported basis
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NewsGlebe Farm Foods partners with Three Robins to scale gluten-free oat drink production
Glebe Farm Foods’ facilities will produce Three Robins’ oat drinks
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NewsWeightWatchers files for bankruptcy amid GLP-1 drug boom
WeightWatchers said it was navigating a ‘rapidly evolving weight management landscape’
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NewsMedia Bites 8 May: UK-US trade deal, WW bankruptcy, resilient coffee
UK set to agree a trade agreement with the US that would see some loosening of the tariffs and trade barriers imposed by Trump’s liberation day tariffs
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NewsAB InBev profits smash forecasts despite soft volumes
AB InBev, the world’s largest brewer, reported a 7.9% increase in operating profit in the three months ended 31 March
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NewsPoundland adds Modella Capital to ‘shortlist’ of potential buyers
Private equity firm Modella, which recenly bought WH Smith’s high street stores for £76m, is said to be among a handful of bidders for Poundland