Finance news – Page 76
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NewsKeystone Brewing ‘explored’ buying Fourpure in joint deal with In Good Company
The Breal-backed group held ‘several weeks of negotiations’ with the distressed brewer’s parent company
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NewsNorth Brewing founders step down to focus on hospitality business
It comes after North was rescued by Kirkstall Brewery director Steve Holt in January
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NewsToothpaste tablet maker Pärla closes in on £400k raise
The tablets are entirely plastic-free and can be chewed until they turn creamy
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NewsArla to press ahead with Volac deal following CMA approval
Arla Foods Ingredients said the deal would give it a ’significant additional quantity of whey, helping it meet a growing market need’
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NewsHuel sales and profits surge as UK expansion plans revealed
This year has been ‘transformative’ for Huel, according to its CEO
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NewsCity snapshot: Christmas shopping starts early as Brits fear costs
Almost half of consumers started Christmas shopping before November with 53% worried about how they will afford the festive season, according to the EY Holiday Shopping Survey. Retailers seem to be alert to the trend with festive promotions starting earlier this year.
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NewsEmbattled tea maker Typhoo prepares to call in administrators
Typhoo’s flagship namesake tea is growing in UK retail, but the wider business has struggled in recent years
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NewsMedia Bites 15 November: Ben & Jerry’s, UK pubs, WH Smith, Post Office
Ben & Jerry’s is suing its parent company Unilever, accusing the behemoth of blocking it from making public statements of support for Palestinian refugees
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NewsCity snapshot: Nomad Foods downgrades profit guidance due to technical disruption
Nomad’s sales were hit by ERP disruption, the software used by companies to organise their operations that is notorious for causing problems. In 2021, similar issues at Walkers led to a multi-month crisp shortage.
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NewsLittle Freddie babyfood pouches contain almost double advertised sugar levels
Little Freddie babyfood pouches have been found to contain higher levels of sugar than stated on pack labelling, with some products having almost double the amount of sugar listed in the nutritional information
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NewsWH Smith’s profits surge on travel growth
Profits from shops in the UK’s railway stations, airports and hospitals rose by 20%
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NewsBudget tax raid ‘not significant for us’, says Premier Foods CEO
Premier has estimated the cost of the changes and says ‘it’s not a huge number’
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NewsJust Eat finally finds buyer for Grubhub
It has sold Grubhub for $650 million, just four years after buying the US food delivery app for $7 billion.
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NewsMedia Bites 14 November: Homebase, Just Eat, Asda market share
The demise of struggling retailer Homebase is one of the main topics of coverage for the nationals this morning
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NewsCity snapshot: Premier Foods boosted as shoppers switch back to brands
Premier Foods has grown first-half sales supported by double-digit volume growth as consumers switched back to brands. Plus, annual results at WH Smith and interims at B&M Bargains
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NewsSamworth Brothers puts Soreen up for sale
The Leicestershire-headquartered group is working with long-standing financial advisor Spayne Lindsay to explore a sale of the business
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NewsMorrisons own-label bakery Rathbones sinks to a loss as Hovis speculation mounts
Newly filed accounts at Companies House from Rathbone Kear Ltd revealed the own-label supplier increased revenues 13% to £70.5m in the 52 weeks ended 29 October 2023
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NewsEG Group clears immediate debt burden with sale of UK forecourts
Founded by the Issa Brothers in 2001, EG Group is several billion pounds in debt