All Finance articles – Page 132
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NewsWhitby Seafoods abandons Kilhorne Bay acquisition plans
The scampi supplier said resources required to engage in the next phase of the investigation were ‘out of proportion to any potential benefit from the deal’
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NewsRobson-Kanu shots brand The Turmeric Co nets £1m for global push
The Turmeric Co, the functional shots challenger launched by footballer Thomas Hal Robson-Kanu, has closed a Series A fundraise to support global growth
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NewsMoy Park takes major knock to profitability as high inflation bites
The processor said cost rises continued into 2023
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NewsCity snapshot: Hotel Chocolat back on the front foot after year of losses
Hotel Chocolat’s boss said the high-end confectionery chain is back “on the front foot” as it rolls out its new experience-led store format. It comes after a year of losses as the group restructured its international business.
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NewsMedia Bites 12 October: CBD, LVMH, GSK
UK food regulators have slashed the recommended safe daily dose of cannabidiol (CBD), a cannabis extract present in thousands of high street products from muffins to coffees, citing a risk of liver damage and thyroid issues.
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NewsSelfridges losses narrow as footfall returns to stores
Sales grew as shoppers returned to its flagship stores in London and Manchester
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NewsBlue Ocean owes suppliers £3m as it heads for liquidation
Third-party distributor Blue Ocean is on the brink of collapse and is set to leave suppliers facing losses of almost £3m, The Grocer has learned
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NewsWhole Food Earth adds Raw Gorilla to healthy foods portfolio
It marks the family-run business’s second deal in 10 months, following the revival of collapsed online supermarket The Vegan Kind in December
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NewsMedia Bites 11 October: Grocery inflation, PepsiCo, Greencore
The pace of grocery prices inflation has slowed to its lowest rate in 15 months, with the average cost of a pack of butter now 16p less than a year ago
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NewsCity snapshot: Marston’s flags strong performance for new strategy
Pub group Marston’s has increased like-for-like sales by 10.1% in the year to 30 September thanks to a “strong” performance for food and drink.
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NewsLosses widen at Innis & Gunn as rising costs hit profitability
The cost of energy was cited as a significant factor in the brewer’s losses
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NewsVFC Foods expands plant-based offering with acquisition of Clive’s Purely Plants
VFC’s move follows the rescue of Meatless Farm in June
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NewsCity snapshot: Supermarket sales growth rebounds despite falling inflation
Grocery price inflation fell for the seventh month in a row to 11% last month as take home grocery growth rose to 9.1%.
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NewsMedia Bites 10 October: Ultra-processed foods, Labour, grape harvest
Ultra-processed foods including chocolate bars should be labelled as “addictive substances” to help tackle soaring global obesity rates, a team of scientists have argued.
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NewsCurious Brewery and Wild Beer Co sold to St Peter’s Brewery
The sale means a second change of ownership in a year for The Wild Beer Co
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NewsMedia Bites 9 October: Waitrose/Amazon, John Lewis, Sainsbury’s
Groceries from Waitrose could be sold via Amazon under a deal being discussed by the supermarket chain and the online retail group
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NewsCity snapshot: BlueNalu raises $33.5m to scale lab-grown seafood
Lab-grown seafood innovator BlueNalu has raised $33.5m in a series B funding round to continue progress towards launching its sustainable, high-end bluefin tuna across the world.
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NewsCity News: Tesco shares soar on profits upgrade
Tesco shares rose sharply this week as the UK’s largest supermarket hiked its full-year forecasts, on the back of a jump in sales and profits in the first half
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NewsSt Pierre sees sales surge past £150m
Global sales surged past the £150m mark at St Pierre Groupe last year as it was bought by Mexican bakery giant Grupo Bimbo
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NewsCity Snapshot: Footfall falls back in September
UK football eased back in September as consumer caution constrained spending in stores