All Finance articles – Page 169
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NewsMedia Bites 21 February: The Body Shop, Baby formula, Tesco
The Body Shop is to close almost half of its 198 shops in the UK and will significantly reduce staffing levels at its head office, leading to hundreds of job losses
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NewsCity snapshot: Tate & Lyle hit by soft consumer demand in Q3
Tate & Lyle has reported a 4% drop in third-quarter revenues as softer consumer demand and customer de-stocking hit the ingredients supplier. Plus, C&C Group launches €15m share buyback programme
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NewsArla Foods UK returns to branded growth as price inflation eases
Arla Foods UK said it returned to “strong” branded growth in the second half of 2023 as the commodities-driven inflation of 2022 eased
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NewsWholegood founder Carl Saxton-Pizzie back as CEO in turnaround bid
Wholegood has parted ways with CEO Martin Sandler, with founder Carl Saxton-Pizzie retaking the reins as the specialist wholesaler looks to cut costs
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Comment & OpinionFlush the roll tax – the battle for consumer savings begins
Who Gives a Crap calls on the Treasury to scrap what it calls the ‘roll tax’. That’s the 20% VAT on toilet tissue
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Comment & OpinionSuppliers: survive the recession by mastering three trends
Retail media, artificial intelligence and sustainability: all demand a coherent strategy now, says David Sables, CEO of Sentinel Management Consultants
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NewsCity snapshot: CMA launches market study into infant formula
The UK’s Competition and Markets Authority has today launched a market study into the supply of infant formula in the UK after finding prices had soared by 25% over two years
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NewsMedia Bites 20 February: Farmer protests, Aldi, farm shops
It’s a quiet morning for fmcg news in the papers, with the FT picking up on farmer protests in Europe
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NewsFaace secures Dragons’ Den deal from trio of dragons
Founder Jasmine Wicks-Stephens walked away from the den with a combined £60k investment from Steven Bartlett, Peter Jones and Touker Suleyman
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NewsIceland boosted by ‘positive’ Moody’s outlook despite weaker than expected results
The optimistic outlook will come as a boost for Iceland after scrutiny over Iceland’s expsoure to high energy costs has increased over the past couple of years
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NewsCity snapshot: Artisanal Spirits Company on track as membership soars
Scottish whisky business Artisanal Spirits Company has reported its revenues for 2023 to be at the top end of its expectations as membership numbers increased significantly
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NewsMedia Bites 19 February: Morrisons, retail sales, Asda
The boss of Morrisons has stepped up the supermarket’s price war with Aldi and Lidl to win back customers
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NewsCity News: Heineken flounders as beer volumes fall globally
Heineken issued a sobering forecast for 2024 this week as it struggles against falling beer volumes and double-digit price increases
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NewsCity snapshot: UK retail sales bounce back as food stores return to growth
Retail sales volumes bounced back into stronger than expected growth in January following record falls in December, boosted by a recovery in food sales volumes
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NewsMedia Bites 16 February: The Body Shop, Discounters, Pernod Ricard
The Body Shop staff fear company will be broken up, risking 2,200 jobs
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NewsFirst Milk snaps up Dorset-based supplier BV Dairy
BV posted sales of just under £60m last year, with operating profits of £3.3m
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NewsThis preps crowdfunding campaign ahead of move to profitability
This is returning to the crowd for the final time ahead of a major funding round planned for later this year as it seeks to continuing supercharging growth and move into profitability
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NewsCity snapshot: Kerry Group sales fall after ‘challenging’ 2023
Irish dairy and nutrition producer Kerry Group has posted an 8.6% drop in sales as disposals and challenging conditions for its dairy business hit headline revenues
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NewsMedia Bites 15 February: Heineken, Kraft Heinz, Coca-Cola HBC
Annual results at Heineken, Kraft Heinz and Coca-Cola HBC make headlines this morning
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NewsKraft Heinz net sales slow in fourth quarter as sales volumes drop
Kraft Heinz saw net sales decline in the final quarter of the year as a drop in sales volumes outstripped price rises in the period