All Finance articles – Page 133
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NewsMedia Bites 6 October: Imperial Brands, plant-based meat, Cadbury
The maker of Lambert & Butler and Players cigarettes has announced a £1.1 billion buyback, helping to lift its shares a day after Rishi Sunak announced plans to eventually outlaw cigarette sales in England (The Times £). Imperial Brands will buy back £1.1billion shares after bumper demand ...
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NewsThis targets profitability after heavy losses
Meat alternative producer This is targeting profitability by 2025 as it shifts focus from hyper-growth to improving margins following heavy losses.
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NewsCity snapshot: Imperial Brands commits to £1.1bn share buyback as it reiterates guidance
Tobacco giant Imperial Brands will gives a further £1.1bn back to shareholders next year as it announced its trading remains on course to hit full year expectations
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NewsMedia Bites 5 October: Tesco, big tobacco, Carlsberg
Tesco’s latest results grabs all the headlines this morning in the papers, alongside a hit to share prices of big tobacco as Rishi Sunak plans to raise the smoking age.
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NewsWhitby merger could push up prices and reduce quality, CMA finds
The CMA said the deal between the two largest scampi suppliers in the UK could result in a ’substantial lessening of competition’
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NewsPilgrim’s UK hails bounceback as losses shrink
The pork giant saw operating losses fall from £16m in 2021 to £2.26m last year, its latest accounts have shown
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NewsMedia Bites 4 October: Wilko, Greggs, Burger King
Fears are mounting that proposed deals by B&M European Value Retail and Poundland to acquire 100 stores previously run by Wilko could fall through
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NewsCity snapshot: Tesco raises profit guidance after “strong” first half
Tesco has lifted its outlook for the year as revenues and profits jumped in the first half, with CEO Ken Murphy expecting food inflation to continue to slow over the coming months.
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NewsSrsly Low Carb hits crowd target as it aims for retail push
Health food brand Srsly Low Carb has hit a £200k crowdfunding target to roll out more of its products across the retail channel
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NewsElla’s Kitchen CEO Mark Cuddigan steps down after 12 years
Long-serving Ella’s Kitchen CEO Mark Cuddigan is stepping down from the babyfood supplier just weeks after owner Hain Celestial unveiled a global restructuring programme, The Grocer can reveal
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Promotional FeaturesIoT and CMMS: a match made in retail heaven
Discover how combining the internet of things with computerised maintenance management systems is helping retailers save money and reduce waste.
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NewsCity snapshot: Greggs sales growth tops 20% as evening shoppers boost trading
Sales are continuing to boom at food-to-go stalwart Greggs as new openings and increased customer visits boosted third quarter revenues
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NewsDistressed deals boost M&A activity
A surge in distressed acquisitions has boosted dealmaking figures once again as difficulties in the meat-free and brewery industries led to a pick-up in M&A activity, according to a new report
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NewsMedia Bites 3 October: John Lewis Partnership, food prices
Sharon White’s decision to throw in the towel as chairman of JLP is the main focus of this morning’s papers.
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NewsFlawsome eyes foodservice push and return to retail with £200k investment
Wonky fruit juice startup Flawsome has raised £200k in new backing to boost its foodservice distribution and push for a return to supermarket shelves
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NewsBetter Nature appoints non-exec as it launches fresh funding round
Plant-based challenger Better Nature has strengthened its board and kicked off a crowdfunding campaign as it continues to push tempeh into the mainstream
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NewsMedia Bites 2 October: Lidl, Morrisons, Hovis
Lidl’s UK arm has been hit by a surge in its borrowing costs, threatening its previously relentless rise
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NewsCity snapshot: Wilko suppliers to miss out of majority of money owed
Wilko owed creditors more than £600m when it collapsed, with suppliers only likely to claw back a small percentage of money owed, according to documents from administrator PwC.
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NewsCity news: AG Barr boosted by revenue growth and Boost acquisition
Acquisitions and organic revenue growth helped AG Barr boost its first-half revenues by a third, but profits were hit by a rise in lower-margin sales and soaring costs.
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NewsCity snapshot: East Imperial hit by production halt amid funding delay
Premium mixers supplier East Imperial saw second quarter revenues hit by funding delays to reduce overall first half revenues despite strong first quarter growth