Finance news – Page 56
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NewsC&C Group blames budget and ‘softer trading’ for earnings miss
C&C said the trading environment and October budget had placed additional pressure on hospitality and impacted consumer confidence
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NewsStaff miss out on bonus as profits triple at John Lewis Partnership
Profits have tripled at the John Lewis Partnership as the retail group made ‘solid’ progress on its turnaround but staff still missed out on a bonus for the third year in a row
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NewsDeliveroo records first-ever annual profit
Deliveroo co-founder and CEO Will Shu said the results show the company’s ‘strategy is working’
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NewsMedia Bites 13 March: Asda, shoplifting, Trump tariffs fallout
The Telegraph has picked up on the latest round of Asda job cuts, while the BRC’s latest shoplifting figures are causing consternation
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NewsPoundland owner appoints advisors to oversee sale of the discount chain
Poundland owner Pepco has appointed advisory firm Teneo to handle the sale of the high street discount chain
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NewsJollyes falls into the red after Asda owner buyout but sales growth remains healthy
Asda owner TDR Capital bought a majority stake in pet retailer Jolleys last year
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NewsCérélia admits CMA defeat and sells Jus-Rol to private equity
London-based Rinkelberg Capital acquired the Jus-Rol business from the French bakery giant after numerous appeals by the group to overturn the CMA’s order to unwind the deal fell flat
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NewsYeo Valley Production snaps up The Collective yoghurt brand
Yeo Valley said the deal would enable more opportunities for The Collective to ’deliver innovative dairy’ to British fridges
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NewsCake Box agrees buyout of Asian sweet seller Ambala Foods
The deal consists of £16m for Ambala itself and £6m for its manufacturing facility
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NewsCity snapshot: Cake Box to buy Ambala Foods with £7m of new shares
Ambala is a family-run manufacturer and retailer of Asian sweets. Also, Applied Nutrition announces joint business plan with Holland & Barrett
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NewsCompleat Food Group buys The Real Yorkshire Pudding Company
It is the latest milestone in the company’s ongoing spending spree
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NewsVimto eyes breakfast space to help fulfil growth ambitions
Owner Nichols is aiming to grow revenue by 30% over the next five years
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NewsWaitrose launches net zero fund for British farmers
The fund is part of Waitrose’s Farming For Nature Programme and will finance projects that will support the adoption of low-carbon farming practices
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NewsCity snapshot: Vimto and Domino’s both deliver profits boost
Vimto owner Nichols saw profits jump after it switched to a higher-margin model in Africa. Domino’s profits grew but its situation remains sticky
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NewsValentine’s Day lifts food sales in February
Food sales received a Valentine’s Day boost in February but growth remained muted and volumes declined, according to new data released this morning
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NewsVimto owner Nichols sees profits leap after African strategy shift
Nichols said it is switching to selling higher-margin concentrate in its African markets
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NewsMedia Bites 11 March: high street figures, Amazon robots and beef shortages
Gloomy high street figures for February were the main story in the nationals this morning
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NewsEssential spending down as consumers brace for rising bills
Total card spending was up 1% year on year – lower than both January’s 1.9% and the latest CPIH inflation rate of 3.9%
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NewsBrewDog appoints new CEO after James Arrow steps down
James Arrow has stepped down after less than a year as BrewDog boss
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NewsTiba Tempeh secures £1.1m investment as brand becomes fastest-growing in meat-free
The tempeh challenger brand has secured a six-figure investment led by Maven Capital Partners