All Finance articles – Page 160
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Comment & OpinionWhen will Ocado translate its promise into performance?
Ocado is a remarkable idea but the future promises are wearing thin – even if its backers are resolute, says Richard Curry, head of retail at Rapleys
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Comment & OpinionWhy Unilever’s bumper profits are not all they seem
The news of Unilever’s near-double digit first-half sales growth and improved margins raised some eyebrows yesterday amid regulatory scrutiny of food and drink suppliers
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NewsVimto owner Nichols’ focus on packaged brand pays off in first half
A shift in strategy to focus on the core Vimto brand and reduce exposure to the out-of-home channel has paid off in the first half of 2023, according to CEO Andrew Milne
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NewsCastell Howell turnover grows by 48% following Covid recovery
Turnover for the financial year rose from £112m to £166m, following a successful post-pandemic recovery
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NewsJust Eat Takeaway CFO Brent Wissink resigns as group returns to profitability
Wissink is stepping down to “pursue other opportunities” and will resign from the board next May
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NewsCity snapshot: Danone price hikes boost sales but Russia seizure triggers €200m hit
Danone has outperformed market expectations as it expanded margins and boosted revenues with price hikes at the expense of volumes. Plus, first-half results from Reckitt Benckiser, Nichols, British American Tobacco and Just Eat Takeaway. And Just Eat reports CFO resignation.
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NewsMedia Bites 26 July: Unilever, THG, Compass Group
Consumer goods group Unilever has said inflation has peaked, as it reported better than expected sales growth in the first half of the year
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NewsCity snapshot: Unilever grows margins on pricing increases
Unilever increased its margins in the first half of its financial year, despite €1.6bn of input inflation. Plus updates from Compass Group and Greencore and grocery market share data from NIQ
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NewsMedia Bites 25 July: Berries, alt-milks, Ocado, Cranswick
Complaints from berry growers about treatment by supermarkets continues to make headlines this morning, along with a study on the health benefits of plant-based milk.
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NewsJDM Food Group to create international ‘flavour powerhouse’ in Henry Broch Foods merger
UK garlic and ginger specialist JDM Food Group has agreed a merger with US spice processor Henry Broch Foods to create an international ingredients group with combined revenues of close to £100m and more than 750 employees
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NewsOfgem must tackle ‘rogue brokers’ overcharging small businesses, say trade bodies
New letter demands that energy brokers be more transparent in the commission fees charged to small businesses
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NewsThe Chilli Mash Co launches £100k crowd round for sustainable chilli farm
The hot sauce maker has kicked off a crowd fundraising round to expand operations and support the establishment of a state-of-the-art chilli farm in Rwanda
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NewsDrinkWell secures £600k backing to expand reduced calorie alcohol marketplace
Online drinks retailer DrinkWell has secured £600k investment to drive its development of a marketplace for ‘better choice’ alcohol
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NewsFreshcut Foods snapped up by Flywheel Partners as Perwyn exits
Investment firm Flywheel Partners acquired a majority stake to provide former PE owner Perwyn with an exit
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NewsJLM Global Foods secures £7.5m financial support
Private label snack maker JLM Global Foods has secured a £7.5m financial package to support expansion plans
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NewsMedia Bites 24 July: Asda/Morrisons, Ocado, Wilko
Private equity backed supermarkets Asda and Morrisons did not pay a penny of corporation tax last year
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NewsCity snapshot: Cranswick lifts outlook as inflation slows
Meat processor Cranswick has raised its annual financial expectations after a “strong” start to the year and signs inflation is starting to slow. Plus, Ocado settles long-running legal dispute with Norway’s AutoStore.
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NewsCity News: Ocado shares soar 19% as investors sense ‘jam today’
Ocado shares soared 19% on Tuesday as the grocery tech group outperformed City expectations in the first half, but analysts remain spilt over future prospects.
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NewsMilliways ties up £3m to take on chewing gum giants
Sustainable gum challenger Milliways has closed a £3m funding round to take on the giants of the category and become a household name.
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NewsCity snapshot: THG sells unwanted OnDemand and ProBikeKit assets
THG has offloaded its unwanted OnDemand business to the division’s management team as part of a strategic review to “simplify and streamline” operations. Plus, UK retail sales beat expectations in June but consumer confidence fell July as household resilience “collapsed”.