All Finance articles – Page 10
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NewsMars agrees blockbuster $36bn takeover of Kellanova to create snacking behemoth
The all-cash offer marks the biggest deal in Mars’s history, dwarfing the privately owned US group’s $23bn acquisition Wrigley in 2008
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NewsDistil seeks funds after profit warning and collapse in sales
Spirits group Distil is exploring funding options to meet an unexpected shortfall in its finances after it issued a profits warning for 2024
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NewsMona Island Dairy collapsed owing nearly £40m, administrators report reveals
At the time of the administrators report, Mona Island Dairy had 201 company creditors, owed £37.2m
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NewsCo-op and Wincanton extend 30-year partnership deal
Wincanton is UK retail’s leading supply chain provider
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NewsMedia Bites 14 August: Mars, Starbucks, Asda
Mars, the confectionery, food and petcare giant, has reportedly reached an agreement to acquire Pringles and Pop-Tarts maker Kellanova
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NewsCity snapshot: Carlsberg upgrades guidance despite European challenges
Carlsberg has lifted profit expectations after “an exciting year” for the Danish brewer, despite volumes being held back by bad weather in Europe. Plus, first-half results from Glanbia and Distil seeks new funds after revenues plunged 55%
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NewsHuel and Zoe ads featuring Steven Bartlett banned for ‘misleading’ consumers
The Advertising Standards Authority ruled the two nutrition brands had failed to disclose their commercial relationships with the Dragons’ Den star in paid-for Facebook promotions and banned the adverts from appearing again in their current form
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NewsFieldGoods secures six-figure investment to expand distribution
The company will use the £750k – raised from angel investors – to boost brand awareness, back new product development and expand the team
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NewsNestlé hires new directors for the UK & Ireland
Nestlé has appointed a new corporate affairs & sustainability director and head of finance for the UK and Ireland
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NewsCity snapshot: Grocery sales growth rises as inflation edges back up
Grocery sales growth rose by 3.8% in the four weeks to 4 August as food inflation edged back upwards for the first time in more than a year
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NewsMedia Bites 13 August: Brexit, JDE Peet, Kantar
Vegetable growers in the UK have said crops could be adversely hit this year after post-Brexit border changes resulted in delays to seed imports
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NewsAdamo Foods raises £2m to bring ‘ultra-realistic’ steak alternative to market
Food tech startup Adamo Foods has closed a $2.5m (£2m) seed funding round to back its mission to introduce the first ultra-realistic beef steak alternative made from fungi
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NewsMedia Bites 12 August: Asda, Carlsberg/Britvic, junk food taxes
Stuart Rose, the chairman of Asda, has said he is “embarrassed” by the supermarket’s declining market share and has called on owner Mohsin Issa to step back
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NewsCity snapshot: Sainsbury’s boss calls on government to keep business rates promises
Sainsbury’s has teamed up with the USDAW union to call on the new Labour Government to deliver on its promise to reform business rates
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NewsSpayne Lindsay deepens investment banking ties with NuOrion Partners
Corporate finance firm Spayne Lindsay has expanded its investment banking partnership with US counterpart NuOrion Partners to focus on the global consumer sector
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NewsIceland Foods returns to profit after ‘extensive’ cost-cutting
New accounts at Companies House follow an update to bond holders last week
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Analysis & FeaturesHow has Iceland driven growth and can it keep going?
Richard Walker is in a triumphant mood as sales rise thanks to price freezes, partnerships and NPD. Can Iceland maintain the momentum?
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NewsCity News: Deliveroo passes ‘major milestone’ as order frequency recovers
Food delivery player Deliveroo finally passed a “major financial milestone” by turning a profit in the first half of the year, it revealed this week
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NewsCity snapshot: Lotus Bakeries posts 20% jump in first half sales
Bear and Nakd owner Lotus Bakeries has reported a double-digit jump in first half sales and profits amid strong growth of key brands
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NewsMedia Bites 9 August: Asda, Deliveroo, AB InBev
Sales have fallen at UK supermarket chain Asda, as customers defect to larger rivals.