All Finance articles – Page 10
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NewsConsumer confidence ‘bleak’ ahead of Reeves’ budget
‘The public is bracing for difficult news,’ according to GfK’s survey
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NewsOcado shares crushed by Kroger CFC closures
Kroger is expected to close the sites in Maryland, Wisconsin and Florida in January, with the move mooted to save the retailer $400m next year
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NewsLosses double at Graze as owner Unilever completes integration
Losses at Graze have almost doubled as owner Unilever integrated the snacking brand into the wider UK foods operation
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NewsAsda offloads 24 stores and Lutterworth depot for £568m
Asda will reportedly use the proceeds to repay a debt to Walmart
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NewsPZ Cussons lifts profit guidance on strong Africa growth
PZ Cussons has lifted its profit forecasts thanks to a strong performance in Africa, where sales grew by more than 25% in the first half of the year
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NewsWine wholesaler Boutinot set for international growth with £5.5m funding
Boutinot will use the funding to expand its vineyard operations in South Africa, New Zealand and the UK
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NewsRed Sky Food Group adds Delenco Foods to portfolio
It marks Red Sky’s second investment following the group’s creation as a joint venture between London-listed Literacy Capital and former Meadow Foods CEO and chairman Mark Chantler
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NewsDefra promises food bosses growth policies to revive crashed confidence
Environment secretary Emma Reynolds will stress today that the government will back its words with action, with moves to slash red tape and industry costs
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NewsFood inflation up to 4.9% despite first fall in CPI since March
Food inflation edged back up to 4.9% in October, making it the largest driver of consumer price rises last month
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NewsWH Smith CEO falls on sword as accounting errors laid bare
Stepping down, Carl Cowling said he recognised the ‘seriousness of the situation’, adding it was ‘only right’ he resigned
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NewsFoodservice supplier BonCulina enters administration
Anglia Crown Limited, which was trading under the BonCulina brand, appointed Kroll administrators Benjamin Wiles and Robert Armstrong on 10 November
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NewsOcado hit with ‘near knockout punch’ as Kroger announces CFC closures
Ocado’s share price fell by more than 19% in the wake of the announcement by the US retail giant
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NewsGail’s owner on hunt for new investors
It is understood advisers at Goldman Sachs have been brought in to begin discussions around potential investment opportunities
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NewsPremier Foods spends £36m to bring Loyd Grossman sauces in-house
Capital investment is expected to be phased through to 2029
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NewsImperial Brands beats profit expectations with smoking alternatives growth
Imperial Brands’ share price is trading at an eight-year high
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NewsCompleat picks up Greencore soup factory in pre-merger sell-off
Greencore is selling the factory after the government raised concerns over its Bakkavor merger
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NewsRed Bull hit by European Commission competition probe
The probe will seek to discern whether Red Bull tried to influence shops to ‘delist or disadvantage’ energy drinks in formats larger than its own distinctive 250ml can
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NewsAI-driven distributor Komerz buys Great Wines Direct
Komerz’s platform combines AI and data intelligence to help scale branded growth across categories, working with the likes of Amazon and Ocado
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NewsSeedlip founder raising £2m for Pollen Projects non-alcoholic drinks studio
Funds will be used scale sales, marketing and production for the two brands created so far by the business, Sylva and Seasn
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NewsShaken Udder acquired by Spanish ColaCao maker Idilia
The deal provides private equity backer LDC, which took a minority stake in the business in 2022, with an exit