All Finance articles – Page 157
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NewsCity News: Deliveroo shares jump on profits upgrade
Deliveroo shares were on the up on Thursday despite the takeaway giant cutting its growth forecast, as the City reacted approvingly to increased revenue from fewer customers
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NewsCity snapshot: Recession fears ease as UK GDP jumps 0.5% in June
UK GDP grew by an unexpectedly strong 0.5% in June to take overall growth for the second quarter to 0.2%
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NewsMedia Bites 11 August: Wilko, Deliveroo, Aldi
UK discount retailer Wilko has collapsed into administration after rescue talks with prospective suitors failed
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NewsWhitby Seafoods acquisition of Kilhorne Bay under CMA scrutiny
The scampi company planned to acquire Northern Ireland-based Kilhorne Bay
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NewsCity snapshot: Deliveroo ups earnings guidance despite slowing growth
Deliveroo has upgraded its profit guidance for the year despite falling order numbers amid “challenging macroeconomic conditions”
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NewsMedia Bites 10 August: Orange juice, Wilko, CCH
Orange juice futures have hit a record high after hurricanes and disease devastated citrus crops in Florida, raising the prospect of rising soft drink prices
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NewsChallenger brands owed upwards of £100k by Asda third-party distributor Blue Ocean
Third-party distributor Blue Ocean owes a number of challenger brands upwards of £100k for products supplied to Asda since the collapse of Tree of Life
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NewsSpirits startup Goldling secures seed funding to back retail push
The organic canned spirit startup has secured £300k in a seed funding round as it aims to get its drinks into the mults
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NewsLakes Free Range Egg Co’s profits triple to £1.4m
The major egg packer saw gross profits rise from £3m to £3.7m, with operating profit trebling from £429k to £1.4m
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NewsLoveSeitan throws in the towel as shoppers renounce seitan
LoveSeitan, which supplied plant-based products to the likes of Tesco, Sainsbury’s and Aldi, has ceased trading after slower-than-expected take-up of seitan as a meat alternative
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NewsRamsden International returns to profitability despite Brexit disruption
Ramsden International has bounced back to the black despite another challenging year
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NewsMedia Bites 9 August: Wilko, Beyond Meat, UK economy
A specialist investor in struggling retailers is exploring a bid to rescue Wilko
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NewsCoca-Cola HBC lifts growth prospects after better-than-expected first half
Drinks bottler Coca-Cola HBC has hailed a “very good” first-half performance as volumes proved resilient despite higher prices.
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NewsBeyond Meat shares hammered as sales plummet in Q2
Beyond Meat cut losses in the second quarter thanks to lower costs following mass redundancies made in 2022
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Comment & OpinionBeyond Meat’s plunging results are not the final blow for plant-based
Beyond Meat revealed plunging second-quarter sales of almost a third, driven by shoppers’ diminishing appetite for the plant-based meat
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NewsCity snapshot: Wet weather dampens UK retail demand
UK retail sales growth fell back in July as damp weather and persistent inflation hit shopper activity, according to the monthly BRC-KPMG retail sales monitor
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NewsSerious Sweets acquires free-from confectionery brand Lexi’s
The acquisitive confectionery group has added a healthier brand to its portfolio with the takeover of mallow and protein bar brand Lexi’s
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NewsMedia Bites 8 August: Food prices, retail sales, Beyond Meat
It’s a quiet morning for fmcg news in the papers, with stories on food inflation and faltering retail sales.
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Analysis & FeaturesHow ‘loved’ high street discount retailer Wilko came to trouble
Wilko is in a struggle for survival, having last week filed a notice of intention to appointment administrators
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NewsParfetts sales hit record £634m in latest financial year
The wholesaler said the results had come after a year of investment into protecting retailer margins through an expanded promotional programme