All Finance articles – Page 18
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NewsPZ Cussons back to black yet ‘more to do’ in transformation
CEO Jonathan Myers praised improvements made in comments attached to the company’s annual report
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NewsMichaels Wholesale Foods enters liquidation
It is understood that the company ceased trading in August after a period of sustained financial difficulty
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NewsMorrisons reports ‘strong momentum’ despite food inflation crisis
Releasing its third quarter figures today, for the 13 weeks ending 27 July, the supermarket reported like-for-like sales up 3%, with total sales up 3.5% to £4bn
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NewsSupermarket volumes fall as inflation ramps up pressure on shoppers
Volumes at supermarkets have remained under pressure as growth at the tills continues to be driven by rising food prices
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NewsFood inflation hits highest levels since January 2024
It is the fifth month in a row that food prices have climbed, with increases for vegetables, cheese and fish, the Office for National Statistics reported
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NewsNestlé chairman Paul Bulcke steps down early following Laurent Freixe scandal
Bulcke was due to step down as chairman at the company AGM in April next year to be replaced by current vice chairman Pablo Isla but will now leave the role early following shareholder concern over governance at Nestlé
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NewsBone broth challenger Freja appoints new MD to help drive growth
Freja has appointed a managing director to drive the next phase of retail growth at the bone broth challenger brand
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NewsHain Celestial to ‘rapidly reset’ costs as turnaround plan falls apart
Hain Celestial has written half a billion dollars off the value of its assets, as its Hain Reimagined turnaround plan falters
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NewsUrban Legend prepares for collapse in blow to non-HFSS snacking
It is understood a deal has been agreed by an unnamed buyer for the IP and patented technology behind the company’s scientifically engineered non-HFSS doughnuts
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NewsUnilever confirms veteran Srinivas Phatak as new CFO
Phatak took on the acting CFO role in February after Unilever unexpectedly ousted CEO Hein Schumacher
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NewsBrits turn to supermarkets for school essentials after prices drop
Supermarkets saw a surge in sales of school clothes and lunchbox staples after investing in prices
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NewsTesco-backed ‘healthier’ cookie brand Jnck Bakery shuttered
Low-HFSS cookie company Jnck Bakery has entered liquidation after being delisted by Tesco, its major backer
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Comment & OpinionWho was Argos’ swooping suitor and why does Sainsbury’s want to sell?
Argos represents a ‘key piece in the puzzle’ Chinese giant JD.com is trying to solve, according to experts
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NewsFood inflation to hit 5.7% by Christmas, warns FDF
The FDF claims inflation will now reach 5.7% by December, an increase from its forecast of 4.8% made in June
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NewsSainsbury’s ends talks to sell Argos to China’s JD.com
The grocer’s plans to sell the retailer only emerged on Saturday
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NewsDiageo jobs at risk amid Northern Ireland ‘consolidation’
It is understood that around 60 positions could be affected by the move
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Analysis & FeaturesCan activist shareholder plan turn around PepsiCo?
Elliott Investment Management sees a ‘rare chance’ to fix issues with the snacks and drinks giant
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NewsAssociated British Foods shares plummet on consumer spending worries
Investors retreated from Associated British Foods this week as markets worried about a bleak consumer outlook after Primark’s sales came under pressure and the group’s grocery and sugar divisions also struggled
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NewsByron Burger future in doubt ahead of potential admin’
Tristar Foods filed a notice of intention to appoint an administrator with the courts on 10 September
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NewsFever-Tree plots further non-alcoholic innovation in response to growing demand
Retailers were demanding new non-alcoholic serves, Fever-Tree CEO Tim Warrillow said