All Finance articles – Page 144
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NewsCity News: Naked Wines shares buoyed despite first-half loss
Naked Wines shares were buoyed this week by signs of a bottom line turnaround, despite slipping to a first-half loss
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NewsAdministrators seek buyer for Wild Beer Co
Beer brand Wild Beer Co has fallen into administration after struggling to recover from the pressures of Covid, while battling rising costs
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NewsWholefood Earth to give The Vegan Kind website ‘a new life’
Online supermarket The Vegan Kind, which shuttered last month, has been revived by a family run vegan foods retailer with plans to reinvigorate the brand and bring it back to operations.
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NewsMeadow Foods reports strong growth with sales and profits up
Meadow attributed its growth to rising milk and dairy ingredient prices, alongside “some volume growth” of ingredients, while exports performed solidly
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NewsFreshcut Foods close to new investment as Perwyn lines up exit
Perwyn hired advisors at US-based investment bank Stephens to explore options for the fresh ingredients supplier earlier this year.
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NewsCity snapshot: ABF says cost inflation remains significant but volatility diminishing
Ahead of its annual general meeting today, ABF has said its outlooking for the current financial year remains unchanged but that the volatility of input costs has begun to ease
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NewsMedia Bites 9 Dec: Morrisons, food ads, British American Tobacco
Morrisons has struck a £220m “sale and leaseback” deal that will allow it to accelerate the launch of Morrisons Daily, its convenience store chain
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NewsThe Good Food Programme recruits cohort of healthier challenger brands
The incubator scheme aims to help 10 progressive food and drink startups to develop healthier products
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NewsMarks & Spencer strikes EV rapid charger deal with BP
The agreement will see BP’s electric vehicle charging business install an initial 900 points in around 70 of M&S’s UK stores in the next two years
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NewsCity snapshot: Soaring prices grow sales and profits at packaging giant DS Smith
FTSE 100 packaging giant DS Smith brushed off a fall in in volumes and a near £800m hike in costs to strong grow sales and profits amid a significant jump in prices
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NewsMedia Bites 8 December: Christmas price wars, Mitchells & Butlers, GSK
Aldi, Lidl and Sainsbury’s have kicked off the annual price battle on Christmas vegetables, offering bags of sprouts, carrots, parsnips and potatoes for just 19p.
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NewsWholey Moly closes its doors in the face of mounting pressure
Cookie start-up Wholey Moly has ceased trading after being overwhelmed by a barrage of challenges this year.
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NewsCrumbs Brewing brings in crowd cash to fight food waste
Sustainable beer maker Crumbs Brewing has hit a £150k crowdfunding target to back its growth plans and fight food waste with new product launches.
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NewsCity snapshot: Naked Wines turnaround takes shape despite fall into the red
Naked Wines has slipped to a loss in the first half but pointed to an improvement in underlying profitability as it embarks on a new strategy to turn the group’s performance around.
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NewsMedia Bites 7 Dec: Grocery market share, Asda, Farming/food shortages
The crisis engulfing Morrisons deepened as another slump in sales saw it lose ground to rivals such as Aldi and Lidl
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NewsCapVest’s Second Nature Brands acquires Brownie Brittle
The international snacking group is looking to scale up in its domestic US market
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NewsDuppy Share Rum raises £2m to push UK growth
The business is forecasting 10% growth in the UK in the 2023 financial year and is aiming to gain a total of eight SKU listings across all the major mults by 2025.
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NewsCity snapshot: Grocery price inflation dips for the first time in 21 months
Grocery price inflation saw its first small monthly dip for almost two years over the past month as higher prices continue to drive sales value growth across the sector. Plus, SSP revenues and profits bounce back, consumer spending data from BRC-KPMG and Barclaycard and all the rest of the latest news from the City
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NewsMedia Bites 6 December: AG Barr/Boost, Sainsbury’s, supply crisis, retail sales
The papers pick up the latest deal at AG Barr for energy drink brand boost, along with news of further price cutting at Sainsbury’s.
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NewsSainsbury’s invests £50m to keep Christmas food prices down
The supermarket had set out a pledge earlier this year that would see it invest £500m in value by March 2023 to tackle inflation