All Finance articles – Page 124
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NewsFramptons targets UK oat milk sector after buyout by Profura
Framptons has set it sights on becoming the number one player in the UK oat milk category after a buyout by a Swedish investment firm secured the contract manufacturer’s future, its new boss has told The Grocer.
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Comment & OpinionProfits and purpose are more closely related than you think
Purpose-led business could generate a £149bn boost to the UK economy every year, says Pip Murray, founder & CEO at Pip & Nut
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NewsCity snapshot: DS Smith CEO to retire as box volumes fall amid ‘weak’ demand
Long-serving DS Smith CEO Miles Roberts is to stand down from his role as the box maker reported a drop in revenues and profits amid weak demand
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NewsEG Group sells UK KFC franchise to Yum Brands
EG Group has sold its 218 KFC franchise restaurants in the UK to KFC owner Yum Brands to continue to pay down debt
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NewsMedia Bites 7 December: BAT, CMA, EG Group, THG
News of BAT writing down the value of some of its US cigarette brands made headlines today, along with the latest blast from the CMA against land practices of Morrisons and M&S.
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NewsWholebake sells Deeside Cereals to Weetabix in turnaround attempt
Snack maker Wholebake has sold its own-label cereal business to Weetabix in a drive to simplify operations as part of a turnaround effort
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NewsPukka Herbs suffers mass redundancies as Lipton Teas integrates herbal brand
Pukka Herbs is in the final stages of being fully integrated into its private equity-owned parent company, Lipton Teas & Infusions
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NewsSainsbury’s to relocate London HQ
The retailer will move to a new office ‘a few hundred yards’ from its current HQ in Holborn
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NewsThe John Lewis Partnership hints at name of its new property rental business
The partnership has registered three separate trademarks related to property services
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NewsCheesegeek smashes crowdfund target to expand into physical retail
The brand hopes to shift consumers towards buying better-quality cheeses rather than mass-produced products at the supermarket
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NewsMedia Bites 6 December: Grocery market share, SSP Group, olive oil
Sainsbury’s has claimed its largest increase in market share in more than a decade after stepping up the price war with the German discounters Aldi and Lidl
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NewsCity snapshot: British American Tobacco hit by US economic slowdown and rise of illegal vapes
British American Tobacco is taking a £25bn one-off hit as it writes down the value of its traditional cigarette brands in the US, the London-listed group said this morning in a trading and strategy update.
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NewsValeo Foods urged to 'cease acquisitions and focus on turnaround'
Valeo Foods must focus on turning around its UK snacking business and hold off from acquisitions to avoid any further deterioration in its credit rating, according to Moody’s
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NewsInsane Grain backed by Harry Kane following TikTok push
For almost two months, the brand has been trying to catch Kane’s attention through a series of targeted TikTok posts
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NewsCity snapshot: Grocery sales set hit to £13bn this Christmas despite sales slowdown
Grocery sales are expected to surpass £13bn for the first time this Christmas despite supermarket sales growth continuing to lag slowing inflation
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NewsMedia Bites 5 December: Christmas shrinkflation, retail sales, Lidl
The papers focus on the high street in the lead up to Christmas, with consumers set to pay more this year.
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NewsRenshaw acquired in rescue deal by British Bakels as parent Real Good Food collapses
Cake decoration brand Renshaw has been saved after a long-running turnaround attempt by owner Real Good Food failed, with the business rescued from administration by a Swiss bakery ingredients manufacturer. The deal saves 200 jobs.
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NewsMedia Bites 4 December: National living wage, HFSS, Jollyes
The government’s decision to increase minimum pay will result in higher prices, lower investment and fewer jobs, retail and hospitality leaders have warned
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NewsCity snapshot: PZ Cussons audit chairman steps down at Carex maker
Non-executive director Jeremy Townsend will leave the maker of Imperial Leather, Carex and Original Source on 24 February 2024 to reduce his non-executive commitments.
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Analysis & FeaturesWhat the CMA profiteering report means for suppliers
Despite catching a few ‘bad guys’, the CMA’s report clears food manufacturers of the profiteering accusations levelled at them