Finance news – Page 560
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NewsInnis & Gunn launches AdventureCapital crowdfunding campaign
The Scottish craft brewer has launched a crowdfunding campaign in a bid to raise £1m in equity
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NewsCity snapshot: Conviviality sales up 211% as Matthew Clark and Bibendum integration makes progress
Conviviality increased sales 211% in the first half to £783m thanks to the transformative acquisitions of Matthew Clark and Bibendum PLB
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NewsStock Spirits under renewed pressure from activist investor
Stock Spirits is facing renewed attacks from its largest shareholder over “ongoing poor” corporate governance and claims it is paying the board too much.
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NewsTesco faces £100m claim over profits overstatement
More than 125 institutional funds allege it breached the Financial Services & Markets Act
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NewsMajestic Wine launches next day delivery
The service will be executed through a new National Fulfilment Centre
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NewsWasabi wraps up £25m funding for store roll out
Wasabi is to roll out a further 20 of its sushi chains after securing a £25m bank funding package.
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NewsCity snapshot: Supermarket savings boost eating out in the UK
UK consumers are eating out more and making use of growing delivery options as they save on their weekly food shop, new research has found
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NewsMedia Bites 31 Oct: Asda, Majestic Wine, AB InBev
With the papers fixated on the future of the governor of the Bank of England Mark Carney, grocery news was relatively limited over the weekend - though long queues at Asda tills due to technical problems did make the news.
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NewsCMA to investigate McColl's purchase of 298 Co-op stores
The competition regulator has kicked off a Phase 1 inquiry into the deal…
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NewsTetley owner reports loss as sales of black tea slump
The owner of Tetley Tea battled rising commodity costs and a “structural decline” in Britain’s core tea market
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NewsMondelez sales growth flags in third quarter
After failing in its attempts to woo Hershey’s, Mondelez needs to find another method of boosting its top line
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NewsMontezuma’s to double production with £500k production line
The investment comes after contracts with Sainsbury’s and Trader Joe’s were extended
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NewsCity snapshot: AB InBev cuts forecast on weak trading in Brazil
Brewing giant AB InBev has scaled back its guidance for the year after a “very weak” performance in Brazil
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NewsJanan Meat targets continued rapid growth despite sales fall
Sales at halal meat supplier Janan Meat fell 9% to £47.4m in the run up to a change in ownership
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NewsBiscuiteers beats £550,000 crowdfunding target
The retailer has raised £590,150 since the beginning of this month and will continue to accept investments for a further 10 days
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NewsMinioti sugar free ice creams wins backing from digital entrepreneurs
Sugar-free ice cream brand Minioti has sold a 25% stake of the business to four digital entrepreneurs to expand in the UK.
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NewsNut butters face sharp price increases as global nut prices soar
Average retail prices for nut butters are already up 8% year on year
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NewsCity Snapshot: Brexit hits first half trading at C&C Group
Currency volatility and consumer uncertainty after the UK’s vote to leave the EU has hit first half sales and profits at Magners producer C&C Group
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NewsMedia Bites 27 Oct: Selfridges, Mondelez, Coca-Cola
A big capital expenditure programme at its London store held back profits at luxury retailer Selfridges last year even as sales surged.
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NewsMondelez boosted by Cadbury and Oreo volumes
Mondelez International’s power brands have helped the multinational increase organic sales 1.1% in the third quarter