Finance news – Page 73
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NewsCity snapshot: Domino’s unveils new framework for growth
London-listed Domino’s Pizza Group has reached a new five-year framework with its franchise partners to capitalise on “its significant long-term growth opportunity”
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NewsCity snapshot: M&S wins approval for Marble Arch redevelopment
Marks & Spencer has been given approval to demolish its flagship Marble Arch store on London’s Oxford Street
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NewsMedia Bites 6 December: PM speech, M&S, Christmas veg pricing, US tariffs
The headlines are dominated by response to Keir Starmer’s speech making six pledges yesterday
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NewsLittle Freddie to correct sugar levels on stage 1 babyfood pouches
Little Freddie admitted three out of its 29 babyfood products were “found to have a sugar value which varied from packaging”
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NewsSSP shares surge on profit recovery plan
SSP Group shares surged by as much as 12% this week as the catering operator looked to put the pandemic and constant train strikes in the UK behind it
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NewsMedia Bites 5 December: Labour reset, bank card ‘gouging’, Guinness rationing
PM Keir Starmer is due to deliver a major policy speech today
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NewsCity snapshot: DS Smith profits slip on cheaper packaging
In April, DS Smith agreed terms on a £5.8bn all-share takeover from US rival International Paper. Also, new data shows cash use has risen for the second year in a row.
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NewsCommodity prices help Treatt bounce back from destocking
Global ingredients player Treatt bounced back from a weak first quarter to grow full-year revenues and profits as higher commodity prices and growth in China boosted performance
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NewsAsda secures new £155m loan to help struggling supermarket meet debt obligations
The supermarket revealed it had successfully raised and allocated ‘a private £155m-equivalent fungible add-on’ to one of its existing loans
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NewsOne Rock completes takeover of Burts Snacks owner Europe Snacks
As revealed by The Grocer in July, New York-headquartered One Rock saw off rival bids to win the auction run by investment bank Lazard
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NewsCampari taps William Grant & Sons veteran Simon Hunt to end CEO hunt
It ends a period of uncertainty for the Aperol and Courvoisier brand owner
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NewsMedia Bites 4 December: Coca-Cola, junk food advertising ban, pie theft
Coca-Cola has drawn the ire of environmentalists after weakening its recycling and reuse goals
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NewsCity snapshot: ‘Trump tariffs could rival Brexit damage’
Trump is threatening tariffs as high as 10-20%, rivalling the scale of non-tariff barriers that Brexit imposed on goods sales to the EU, according to a new study by the Resolution Foundation.
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NewsSHS Group buys mid-strength alcohol brand Shandy Shack
The deal is SHS Group’s first in drinks since the purchase of Rocks Drinks in 2018
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NewsCarlsberg to complete Russia exit following management buyout
Carlsberg’s Baltika Breweries subsidiary has been under state control since last summer
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NewsWho Gives a Crap donates £2.4m to water, sanitation and hygiene services
The donation is Who Gives a Crap’s second-largest to date
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NewsGreencore shares rise again as profits jump
Greencore’s profits saw healthy growth last year as the sandwich maker posted “stronger than expected” full year results.
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NewsCold brew coffee player GoodBrew seeks crowd cash for UK retail push
Dublin-based cold brew coffee startup GoodBrew is seeking €500k from crowd investors to underpin a push into UK retailers next year
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NewsButternut Box reports surge in sales surge with losses cut
High-growth fresh petfood brand Butternut Box continued its rapid European expansion last year while cutting losses as margins improved
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NewsCo-op extends £400m credit facility for further five years
The society’s CFO Rachel Izzard said that support from its lender banks was a reflection of the strength of its balance sheet