Finance news – Page 92
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NewsCity snapshot: Hain Celestial a ‘fundamentally different’ company as turnaround plan progresses
Hain Celestial is on track to deliver $60m in cost savings this year to fuel the US giant’s ongoing turnaround plan
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NewsMedia Bites 22 August: Waitrose, loyalty cards, Asda
It’s a packed morning in the papers for food & drink news, but Waitrose dominates headlines as it kicks off a new wave of expansion
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NewsNexba owner returns to crowd for £1m raise to drive international expansion
The Australian soft drinks brand raised £360k in its domestic market in June
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NewsCrediton sees profits jump on back of wider product range
The supplier saw profits after tax increase from £7.9m in 2022 to £9m in the year to 30 December 2023
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NewsCity snapshot: Mini-heatwave boosts supermarket sales as shoppers dine alfresco
Slowing inflation, a short heatwave and price cuts helped supermarkets record the biggest boost to sales so far this year, according to new data released this morning
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NewsMedia Bites 21 August: McDonald’s, Diageo, Just Eat
McDonald’s plans to create 24,000 jobs in the UK and the Republic of Ireland over the next four years as it opens more than 200 restaurants in a sign of faith in the high street
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NewsTyphoo Tea turnaround disrupted as losses balloon to almost £40m
Losses have spiralled to almost £40m at Typhoo Tea as trespassers occupied and damaged its mothballed factory in Merseyside, dealing an unexpected setback to the embattled company’s turnaround attempt
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NewsTofoo Co private equity takeover readies plant-based brand for further growth
The Tofoo Co has been acquired by a new private equity owner to push the plant-based brand to the next stage of growth and continue its mission to take tofu to the masses
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NewsCity snapshot: Wilkins Group invests in future growth
Food packaging firm Wilkins Group has invested £3.6m in peak performance equipment as part of ambitions to push turnover to £70m
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NewsMedia Bites 20 August: Asda, inflation, Starbucks
A feature in today’s papers takes a deep dive into what has gone wrong at Asda
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NewsCity snapshot: Savings outpace spending as disposable incomes rise - Asda
Disposable incomes for the average UK household has returned to highs not seen since prior to the cost-of-living crisis, according to Asda’s latest income tracker
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NewsMedia Bites 19 August: Morrisons, Asda, Tesco, UPFs
The turmoil engulfing Britain’s private equity-owned supermarkets is intensifying as Morrisons grapples with an exodus of senior management and Asda scales back long-term investments to try and fix growing problems on the shop floor
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NewsCity News: Carlsberg hikes profit expectations after ‘exciting year’
Carlsberg has hiked its profit expectations after “an exciting year” of volume growth, despite sales being held back by bad weather in Europe
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NewsPots & Co cuts losses as it outsources manufacturing
High-end desserts specialist Pots & Co cut its losses in a ‘milestone’ year that saw it prioritise profitability over sales growth and move towards break-even
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NewsCity snapshot: Sporting events and better weather boost UK retail sales
Retail sales volumes bounced back to growth in July, according to official statistics, as warmer weather and sporting events boosted activity.
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NewsMedia Bites 16 August: Brexit border controls, Starbucks, WH Smith
Customs agents and businesses have complained to the government that they have been charged for checks on goods that never took place
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NewsJolly Good Beer collapse piles further pressure on independent producers
Many suppliers have already confirmed they are out of pocket
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NewsBlockhead set for relaunch thanks to rescue deal by Peppersmith owner
Functional chewing gum brand Blockhead has been revived in a rescue deal by the owners of sugar-free gum maker Peppersmith, The Grocer can reveal
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NewsCity snapshot: C&C Group forecasts unchanged despite June washout
Drinks supplier and distributor C&C Group has insisted it remains on track to hit annual financial forecasts and bounce back from a troubled period despite poor weather in June
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NewsMedia Bites 15 August: Mars/Kellanova, Asda, Carlsberg
A combination of Mars and Kellanova in a $36bn mega-deal attracts plenty of attention in this morning’s papers