Finance news – Page 79
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NewsOzempic and supermarket health targets 'would halve obesity’
However, the report stops short of recommending taxes on the food and drink sector because of the danger they would push up food prices
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NewsWincanton and GXO merger could raise prices for customers, watchdog says
The CMA launched an investigation into the £760m deal in September
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NewsLancashire Farm Dairy sees profits double due to new listings
The yoghurt maker posted ‘record’ results in the year to 31 January 2024
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NewsMedia Bites 4 November: Interest rate cuts, budget woes, M&S
Rachel Reeves’ budget and its impact on business and the economy is still making headlines
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NewsCity snapshot: Sainsbury’s first to match Aldi prices in c-store estate
Sainsbury’s is stepping up the battle with the discounters as the supermarket introduces its Aldi price match scheme in 1,400 convenience stores
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NewsTwo Magpies spreads wings with Hilton Macarons acquisition
Founded by James Hilton and Andrea O’Keeffe in 2019, Hilton Macarons produces handmade premium macarons, which are gluten-free and vegetarian
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NewsMilliways launches in France as part of international rollout
It is part of a global rollout for the London-headquartered company and follows the major move to launch nationwide in the US at the start of October
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NewsBudget soft drinks sugar tax hike welcomed by campaign groups
The tax is currently applied at two different rates: 18p per litre for drinks with between 5g and 7.9g of sugar and 24p per litre for drinks with 8g or more
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NewsMedia Bites 1 November: more budget reaction, Amazon, Mars, Harrods, Aldi
Friday’s press continues to be dominated by reaction to the first Labour budget for 14 years, and, perhaps unsurprisingly, many of the leading UK publications are unsympathetic
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NewsCity snapshot: Branded growth outpaces cheaper own label - OC&C 150
Sales at the biggest 25 branded players in UK fmcg increased by almost a fifth in 2023 as new analysis by OC&C revealed that Britain’s largest food brands held back competition from cheaper own-label alternatives
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NewsTop 150 food and drink brands fight off own-label challenge
Revenues at the UK’s top 25 branded companies grew 19% in 2023, ahead of a grocery average of 9.3%, O&C analysis of the top 150 UK food & drink suppliers found
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NewsFmcg shares crash as investors stress over budget pressure for industry
Investors gave a big thumbs down to chancellor Rachel Reeves and the first Labour budget for 14 years as the FTSE 100 sank and shares across fmcg suffered a mass sell-off
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NewsCraft beer has abused crowdfunding ‘cash well’, claims Pressure Drop
Brewers have used crowdfunding to hide unsustainable practices, co-founder Sam Smith said
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News‘Shafted’ farmers dismayed by budget tax hikes warn of price increases
Chancellor Rachel Reeves’ first budget has been slammed by the farming sector for its ‘betrayal’ over tax hikes
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NewsFood Thoughts acquires Doisy & Dam from Nurture Brands to create new confectionery proposition
Food Thoughts has acquired vegan confectionery challenger Doisy & Dam from Nurture Brands to expand the ethical home baking brand into a new category
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NewsManilife invests £1m in new factory as a platform for growth
The new 13,500 sq ft site in Derbyshire – set to start production in the first quarter of 2025 – has capacity to store up to six billion peanuts, equating to 15 million jars of peanut butter
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NewsCity snapshot: Volumes fall at AB InBev and Carlsberg amid tough consumer backdrop
Volumes at brewing giants AB InBev and Carlsberg have declined in the third quarter, with both groups coming in below market expectations. Plus, Sainsbury’s sells Argos credit card business, Ocado appoints new chairman and Q3 updates from Haleon and Coca-Cola HBC
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NewsMedia Bites 31 October: Budget reaction, Kraft Heinz, Starbucks
Unsurprisingly, the front-pages this morning are all about Rachel Reeves’ first budget
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NewsYour reactions to the new government’s £40bn tax-raising budget
Readers of The Grocer share their opinions on how the autumn budget will affect their areas of industry
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NewsConvenience stores to bear £666m in extra costs from new budget
The ACS said the impact would be felt “unevenly” across the UK’s 50,000 convenience stores