All Finance articles – Page 161
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NewsCity snapshot: Online boosts UK retail sales in July
UK retail sales nudged upwards in July as growth in online retail boosted overall sales volumes. Plus, Just Eat Takeaway.com sells €1.8bn stake in Brazil’s iFood and consumer confidence hits record lows.
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NewsMedia Bites 19 Aug: Consumer confidence, Food inflation, Carlsberg
Consumer confidence has fallen to a new record low as people facing painful budget squeezes have become ‘exasperated’ at the state of the economy
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Comment & OpinionGlobal brewers ride on-trade rebound but second half looks tougher
Business is booming for the world’s largest brewers – but the real tests for the post-Covid health of the industry are yet to come
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NewsRichmond overtakes Cauldron into third in plant-based category
Richmond’s retail sales grew 50.2% to £35.4m in the year to 18 June, according to NielsenIQ – putting it ahead of Cauldron, which sold £30.2m in that period
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NewsCity snapshot: Wynnstay taps investors for £10.6m to fund growth and M&A
Agricultural supplies group Wynnstay has raised £10.6m via the placing of new shares to fund future growth and acquisitions
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NewsMedia Bites 18 August: inflation, wonky veg, Haleon
The main story of the day is the latest inflation figures, with UK inflation passing double-digits for the first time in 40 years.
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NewsCCEP launches sustainability-linked supply chain financing programme
GB Coke bottler Coca-Cola Europacific Partners has launched a new finance programme to encourage suppliers to make their businesses more sustainable
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NewsSamworth Brothers pays tribute to late founder and life president Sir David Samworth
The group said Sir David helped shape the modern food industry over ‘a long and successful business career’, as well as giving ‘distinguished service’ in many other roles
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NewsFilshill acquires wholesaler Iain Hill for undisclosed sum
Iain Hill started the eponymous wholesale business from a garage 32 years ago
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NewsCity Snapshot: Food prices soar to 14-year high
Food and drink prices have jumped sharply once again as inflation in the sector continued to race ahead of the UK headline rate. Plus, first-half results from Carlsberg and Glanbia.
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NewsMedia Bites 17 Aug: Aldi/Market share, Iceland, Walmart
Aldi is poised to join the ranks of the Big Four supermarkets, eclipsing Morrisons, as cost-conscious customers were drawn to its cheaper product lines
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NewsPleesecakes hits crowdfunding target ahead of planned nationwide retail rollout
The round on Seedrs values the business launched by former painter-and-decorator Joe Moruzzi in 2017 at £6.2m.
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NewsIceland rolls out Food Club interest-free loans to all UK households
Successful applicants will get a preloaded Food Club card, which they can then use to shop in store or online both at Iceland and The Food Warehouse
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NewsCity snapshot: Grocery inflation hits new high of 11.6% to lift supermarket sales
Supermarket sales rose by their highest level for over a year in the most recent 12-week period as a new inflationary high boosted sector revenues
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NewsMedia Bites 16 August: Aldi, Treatt, Gusbourne
The papers focus on a pay rise for Aldi warehouse workers and a profits warning at Treatt.
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Comment & OpinionLondon listing could enable Cooks to make the most of a tough time for coffee
Cooks’ estate allows it to capitalise on hybrid working patterns in the UK and Ireland
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NewsJohn Lewis and Waitrose employees using financial support fund on the rise
The JLP’s financial assistance fund helps workers struggling to pay their bills via grants and interest-free loans
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NewsTreatt shares plunge on inflation-driven profits warning
Shares in Treatt have lost a third of their value after the ingredients business warned its profits would be much lower than expected as a result of sluggish consumer confidence in the US and soaring cost inflation
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NewsSpeyside Brewery to recommence production from new site following investment
The Forres-based brewery will move to a new site ‘a few yards’ away, after being mothballed during the pandemic
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NewsGü splashes £4.5m on rebrand and adds four new SKUs
The posh desserts brand aims to increase its retail sales value from £70.7m to £90m by October 2023