All Finance articles – Page 146
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NewsMorrisons’ credit rating slashed amid concerns over leverage
Morrisons’ credit rating has been downgraded in response to disappointing sales and profits at the private equity-owned supermarket
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NewsKraft Heinz warns of more price hikes in 2023 to combat higher costs
Kraft Heinz is the latest global consumer packaged goods group to report a strong double-digit jump in the fourth quarter of 2022 thanks to hefty price rises.
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NewsCity snapshot: UK inflation slows for third consecutive month
Inflation has eased for the third month in a row but food price rises show no sign of slowing down. Plus, Heineken reports higher-than-expected profits
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NewsMedia Bites 15 February: Waitrose, Subway, Coca-Cola
Waitrose is to cut prices across hundreds of grocery staples as it battles to win back cash-strapped middle-class shoppers
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NewsCoca-Cola beats expectations as higher prices lift revenues
Coca-Cola has revealed a strong set of fourth quarter and full-year results as consumer stuck with the soft drinks giant’s range of beverages despite inflated prices.
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NewsCity snapshot: Price hikes drive sales and profit growth at Coca-Cola HBC
European Coke bottler Coca-Cola HBC has posted strong top-line and profit growth on double-digit price hikes and cost control
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NewsMedia Bites 14 February: Amazon, Iceland, Lilt
Amazon chief executive Andy Jassy has vowed to double down on the company’s struggling grocery store business.
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NewsCellular share prices plummet causes Cannaray deal to falls through
CBD supplier Cannaray has cancelled its £18.6m reverse takeover of Cellular Goods due to a drop in the target’s share price
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NewsValeo Foods appoints 2 Sisters boss Ronald Kers as CEO
Kers will take up his new role in the summer following Seamus Kearney’s decision to step back from a day-to-day leadership role within the business
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NewsAvara Foods slumps to loss amid ‘inflationary pressures not seen for a decade’
The poultry supplier saw a £16.9m profit swing to a £16.1m loss during the 2021/22 financial year
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NewsCity snapshot: DX Group confirms corporate espionage claim from rival
Logistics group DX has confirmed this morning it is the subject of a corporate espionage claim in the High Court from a rival
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NewsMedia Bites 13 February: Tesco/Apprenticeship Levy, Pub closures, Bestway/Sainsbury’s
Tesco’s chief executive has complained that thousands of staff are missing out on new training because of restrictions on the government’s Apprenticeship Levy fund
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NewsCity News: Unilever warns of further price hikes
Unilever warned the market that further price hikes are on the way despite double-digit price inflation in 2022, but investors were reassured by the consumer giant’s full-year results on Thursday
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NewsBurts Snacks set to unlock growth with backing from new owner Europe Snacks
MD Dave McNulty, who will continue to run Burts as a standalone business, told The Grocer the acquisition would help unlock further potential in the snacking category.
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News2 Sisters owner Boparan and ForFarmers abandon animal feed joint venture
Boparan subsidiary 2Agriculture had hoped the jv would bring down feed prices
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NewsStruggling CBD brand Love Hemp calls in administrators
A notice on the brand’s website said Paul Cooper and Jamie Taylor of Begbies Traynor were appointed as joint administrators of Love Hemp Ltd on 9 February 2023
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NewsCity snapshot: Kellogg’s scraps sale of MorningStar Farms amid falling plant-based valuations
Kellogg’s has scrapped plans to spin off or sell its plant-based division MorningStar Farms amid a plunge in the valuation of competitors in the sector
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NewsMedia Bites 10 February: Unilever, Deliveroo, British American Tobacco
Unilever’s annual results dominate the headlines in this morning’s business pages, alongside news that Deliveroo is to axe 350 jobs
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Comment & OpinionWhy food prices won’t peak for a while yet
We still don’t expect food prices to peak until Q2 2023, despite the FAO global food index having just posted its tenth consecutive monthly decline
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NewsArla warns of tough year ahead after 2022 trading ‘volatility’
The dairy giant saw branded volumes fall last year as the cost of living crisis kicked in