All Finance articles
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Media Bites 24 April: Grocery market share, ABF, Getir
Grocery inflation fell to a 30-month low in April, helped by a rise in promotional spending from consumers
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City snapshot: PZ Cussons to sell-off St Tropez to refocus group
PZ Cussons is kicking off a sale process for self-tanning brand St Tropez as part of reorganisation of the group. Plus, Reckitt Benckiser, Heineken and Nichols report Q1 numbers, Supreme issues a year-end trading update, and Haleon appoints Tate & Lyle CFO as its new CFO.
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Jacksons of Yorkshire acquires craft bakery Lottie Shaw’s
William Jackson Food Group has acquired Yorkshire-based craft bakery Lottie Shaw’s to add to its Jacksons of Yorkshire bakery arm
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Wholebake hires new CFO as turnaround makes progress
Snack bar supplier Wholebake has appointed a CFO and NPD & innovation manager as the business works on a turnaround
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Birds Eye makes two senior hires for UK & Ireland board
Birds Eye has appointed a new UK & Ireland finance director and a country manager for the UK to take responsibility for the Birds Eye, Aunt Bessie’s and Goodfella’s brands, which are all owned by parent group Nomad Foods
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Arla Food Ingredients swoops for Volac’s whey nutrition business
Arla Food Ingredients has agreed a deal with dairy business Volac to take over its whey nutrition division and turn the Welsh factory into a global production hub
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Samworth Brothers expands food-to-go operation with Real Wrap Co deal
Samworth Brothers has taken full ownership of food-to-go supplier The Real Wrap Company following the purchase of a minority stake in the business last year
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City snapshot: Grocery price inflation falls amid increase in promotions
Grocery price inflation fell for the 14th consecutive month back to 3.2% last month, aided by a significant increase in promotional spending
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Media Bites 23 April: Asda, Tesco, Chill Brands
Asda is in focus in this morning’s papers after releasing its annual results
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My Emissions secures seven figures for carbon labelling tech rollout
Food tech startup My Emissions has raised a further £1.3m as it prepares to roll out its carbon labelling tool with new national and international partners
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Relations with suppliers at ‘all-time high’ says Asda owner Mohsin Issa
Issa said the support of suppliers was vital for the next phase of investment in prices and loyalty
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Media Bites 22 April: Asda, Unilever, Getir
Zuber Issa is close to selling his stake in Asda to TDR Capital in a deal that would tighten the private equity firm’s control over Britain’s third biggest supermarket chain
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City snapshot: ‘Supermarket powerhouse’ Asda boosts annual sales and profits
Asda has generated underlying profits of more than £1bn as sales increased for four consecutive quarters in 2023. Plus, vape supplier Chill Brands suspends CEO amid regulatory concerns; and a full-year trading update from PayPoint.
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City News: B&M sales jump 10% but City remains unconvinced
Discount retail group B&M European Value reported an annual sales jump of over 10% this week, but concerns swirled in the City over the rate of growth slipping back in its final quarter despite a boost from the early Easter
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Another year of profit for Thorntons after closure of store estate
Chocolatier Thorntons has posted another year of profit growth after shuttering its loss-making store estate
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Campaign group ShareAction defiant after losing Nestlé HFSS vote
An attempted rebellion led by campaign group ShareAction would have made Nestlé dramatically increase the ratio of healthy food it offers consumers
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City snapshot: Retail sales flatline in March as food sales fall back
Retail sales volumes were flat in March, despite the boost from an early Easter, as sales in food stores fell
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Media Bites 19 April: Nestlé, dairy pollution, Deliveroo
Campaigners pushing for Nestlé to make its products more nutritious landed a modest blow on the world’s biggest food company yesterday when 11% of shareholders backed their resolution
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Smol losses increase amid investment drive
Revenues raced 27% higher to £31.2m in the year to 30 June 2023 as it served more customers and registered higher spending, supported by new product launches, according to its latest accounts
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Major growers report turbulent weather toll
Results posted this month at Companies House by Huntapac Produce and Puffin Produce cited weather issues as key challenges to profitability