All Finance articles – Page 104
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NewsCity snapshot: Distil fourth quarter sales drop as consumers cut back on spirits
Annual sales were up 17% at listed spirits brand Distil, despite a 47% fall in fourth quarter volumes amid consumer spending pressures
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NewsMedia Bites 11 April: Tesco, Asda, Poundstretcher, food security
The latest annual results from Tesco get blanket coverage in today’s papers after the supermarket giant revealed bumper profits
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NewsMcCain completes Strong Roots acquisition, targeting global growth
McCain acquired a minority stake in the Dublin-based business in 2021
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NewsFearne & Rosie set for growth push with two senior hires
Fearne & Rosie has appointed its first-ever finance director and sales director to help the fast-growing challenger brand get its range of healthier jams into more supermarkets
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NewsMinor Figures losses hit £10m in face of oat milk challenges in Asia
Losses have widened substantially at Minor Figures but the oat milk challenger said it was on the path to profitability after shifting focus away from Asia to growth markets in the UK and North America
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NewsBako expands into Northern Ireland with acquisition of Finlay’s Food
Founded in 1976 and based in Craigavon, Finlay’s manufactures and supplies ingredients to the bakery and general food industry
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NewsEl Rayo continues ‘super-premium’ tequila growth push with new seven-figure fundraising
El Rayo has raised an additional £1.3m in its latest funding round as it aims to become the second-biggest super-premium tequila in the UK in 2024
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NewsMedia Bites 10 April: Retail crime, Home Bargains, M&S
ssaulting a shopworker is to be made a separate criminal offence after a government U-turn following pressure from campaigners
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NewsCity snapshot: Focus on value wins over shoppers as Tesco reports bumper sales and profits
A ‘substantial’ easing of inflation has helped drive a double-digit increase in profits at Tesco as the supermarket boosted market share and saw volumes recover. Plus, full-year results for THG and a first-half trading update from Treatt
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NewsArtemis Tenacious Group created to drive investment in legal cannabis
Global cannabis industry investment firm Artemis Growth Partners and cannabis consumer products group Tenacious Labs have created a partnership to drive investment in global cannabis market
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NewsCity snapshot: Early Easter boosts March retail sales
Strong food sales in the run-up to this year’s early Easter boosted UK retail sales in March, though non-food sales continued to decline
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NewsMedia Bites 9 April: John Lewis Partnership, retail sales
The surprise appointment of Jason Tarry as the next JLP chairman dominates coverage in today’s papers
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NewsMarleybones wins backing from JamJar and Active Partners
The fresh dogfood startup has raised almost £1m in seed funding as the business aims to expand its retail distribution following recent wins
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NewsRe:Nourish wins six-figure backing to support expansion
The challenger brand will use the expansion loan to increase its manufacturing capability and back sales and marketing initiatives
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NewsTesco joins grocery giants offering funds for sustainability startups
The W23 Global initiative includes Tesco, Ahold Delhaize, Woolworths Group, Empire Company/Sobeys and Shoprite
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Comment & OpinionAs trust in digital systems plummets, cash is back
In 2022 cash use grew for the first time in a decade, says Joanna Blythman, food journalist and author of Swallow This
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NewsCity snapshot: Cake Box profits beat expectations
Cake Box has lifted profits ahead of market expectations thanks to a renewed marketing push, a brand refresh and a new online store
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NewsMedia Bites 8 April: Asda/Aldi, Ocado, Retail insolvencies
Aldi has overtaken Asda to become Britain’s third biggest supermarket
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NewsHilton offers ‘a lot to like’ for investors as profits bounce back
Profits have bounced back at Hilton Food Group, which clawed back margin as input costs eased and the turnaround of its seafood division progressed ahead of expectations
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Comment & OpinionMinimum wage, maximum effort: the pay conundrum for food and drink
Skills, expectations and stakes are higher than ever, but the rewards are increasingly in inverse proportion