All Finance articles
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NewsCity Snapshot: Moonpig to bulk up gifting proposition with £124m acquisition of Buyagift
Online greeting card group Moonpig has proposed a £124m deal to acquire gifting experiences company Buyagift. Plus, DTC ready meal group Parsley Box hires marketing director.
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Media Bites 23 May: THG, M&S, Tesco, Ocado, Pets at Home
THG remains in focus for the papers over the weekend as the embattled firm awaits further higher bids in takeover talks.
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City News: Premier Foods shares surge on beefed-up dividend and boosted profits
The Bisto and Paxo owner’s trading profits for the year to 2 April of £148.3m beat expectations
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Mindful Chef reports surge in growth amid healthy diet boom
Surging grocery growth and expansion into ready meals saw meal kit player Mindful Chef maintain strong growth last year on top of a record-breaking 2020
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M&S hits out at Chancellor’s plans to introduce online sales tax
The letter sees M&S break ranks with other big supermarkets including Tesco, Sainsbury’s and Morrisons who are supportive of the idea
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City snapshot: UK retail sales rebound in April on grocery growth
UK retail sales recording a surprise bounce in April, growing 1.4% as higher spending on fuel, alcohol and tobacco booster overall figures
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This plots biggest-ever meat-free crowd round to supercharge growth
This – launched in 2019 by Andy Shovel and Pete Sharman – is aiming to raise at least £4m from the round but expects to overfund and beat the €5.4m (£4.6m) raised by Spanish brand Heura last month
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Media Bites 20 May: THG, Iceland, online sales tax, Co-op
A shock offer by property mogul Nick Candy to take THG private makes headlines this morning.
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City snapshot: Fever-Tree makes ‘sold’ start to 2022 despite cost pressures
Fever-Tree has said it has made a “solid” start to its financial year, trading in-line with expectations despite logistics disruption and inflationary pressures.
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Media Bites 19 May: Premier Foods, inflation, Arla Foods, Ocado, Impossible Foods
The papers are filled with stories on the latest inflation figures and how it is affecting the likes of Premier Foods, Ocado and milk producer Arla.
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S-Ventures acquires Amazon specialist Market Rocket to launch digital drive for brand portfolio
Fmcg investment house S-Ventures has added an Amazon specialist to its portfolio, with the acquisition of Market Rocket.
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M&A activity slows as inflationary pressure builds
Soaring inflation is putting increasing pressure on M&A activity in the food and drink industry, a new report warns
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Media Bites 18 May: Walmart, Britvic, Morrisons
Walmart shares endured their biggest fall in 35 years yesterday after costs and surging inflation in the retailer’s first quarter prompted it to cut full-year earnings guidance
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City Snapshot: Premier Foods to hike prices higher as Mr Kipling helps group beat profit forecasts
Premier Foods beats profit expectations for the year but warns of more price hikes. Plus, UK inflation hits 40-year high of 9% in April; Virgin Wines strikes strategic partnerships with Great Western Railway and Currys; and Marston’s returns to profit as pub trading returns to normal.
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Morrisons rescue deal for McColl’s priced at £190m
Morrisons has committed a total of £190.1m to rescue convenience chain McColl’s, administrator’s documents have revealed
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Jam n Vegan scores backing from Veg Capital for retail push
The business will use the £200,000 investment to build brand awareness, expand the team around founder Kyle Parchment and open up new channels.
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Something & Nothing targets US expansion with £1.5m VC backing
Premium seltzer brand Something & Nothing has raised £1.5m in a private investment round to capitalise on growing demand in the US for its range of drinks.
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City snapshot: Out-of-home rebound boosts Britvic’s sales and profits
Britvic has posted a double digit rise in sales and profits as both in and out-of-home channels grew and immediate consumption bounced back to pre-Covid levels. Plus results from C&C Group and Imperial Brands.
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Media Bites 17 May: Greggs, inflation, pig farmers, McDonald’s
Greggs makes the headlines as outgoing CEO Roger Whiteside delivers final trading update, while the Bank of England govenor appears before a select committee to talk about soaring inflation and an “apocalyptic” rise in food prices.
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McDonald’s to exit Russia with sale of business
Global fast food giant McDonald’s has announced it will cease all operations in Russia after 30 years in the country due to its invasion of Ukraine
