All Finance articles – Page 190
-
NewsHeart of England Co-op reports 6.5% boost in Christmas sales
The protein category, including turkeys, beef joints and legs of lamb, saw sales increase by 3%
-
NewsCity Snapshot: Pets at Home hires former Morrisons non-exec as new CEO
Pets at Home has appointed former Morrisons non-exec Lyssa McGowan as group CEO to replace the outgoing Peter Pritchard. Plus, THG shares continue to rise on PE takeover speculation.
-
NewsMedia Bites 7 Feb: Tesco/inflation, THG, Unilever, Junk food legislation
The chairman of Britain’s biggest supermarket chain has warned that “the worst is yet to come” on food price inflation
-
NewsCity News: Virgin Wines issues profits warning as it struggles with new customers and costs
Virgin Wines was the latest company to fall foul of soaring costs this week
-
NewsRiverford Organic sees 45% sales spike due to lockdown DTC demand
Soaring demand for home delivery during the pandemic saw sales at upmarket veg box provider Riverford Organic spike by 45%, taking revenues past £100m
-
NewsFood M&A activity in 2021 still down on pre-pandemic levels
UK food and drink M&A activity remained well below pre-pandemic levels last year despite a booming first quarter
-
NewsElla’s Kitchen sales rise throughout and in wake of pandemic
Revenues at the brand rose 1.6% to £72.7m in the year ended 30 June 2021.
-
NewsCheeky Panda seeks £3m from crowd ahead of IPO
The company, which makes toilet paper, kitchen roll, tissues and baby wipes from bamboo, will publicly launch its latest round on Seedrs on 14 February.
-
NewsSpar enjoys ‘buoyant’ sales over Christmas
MD Louise Hoste put the performance down to “the location of stores, a well-stocked range and great availability”
-
NewsCity snapshot: SSP Group sales recovery hit by Omicron
Travel food retail specialist SSP Group has reported a “good” start to its financial year, though its recovery in revenues was hit in December and January by the spread of the Omicron variant. Plus, Carlsberg 2021 revenues top pre-Covid sales, UK footfall remains supressed and all the rest of the latest news from the City.
-
NewsMedia Bites 4 February: Inflation, Cranswick, Waitrose, Compass, Amazon
The Bank of England has intensified the squeeze on household finances with its first back-to-back interest rate rise since 2004 as the central bank forecast inflation will increase to 7.25% in April.
-
NewsCity snapshot: Virgin Wines issues profits warning on rising costs
Online wine merchant Virgin Wines has issued a profits warning due to the ’uncertain trading environment’ and ’increased cost pressures’. Plus Nestle buys US-based plant-based player, updates from Compass Group and Cranswick and all the rest of the latest news from the City
-
NewsMedia Bites 3 February: KP Snacks, Nestlé, Tesco, Pret a Manger
KP Snacks has warned there may be a shortage of some of its popular crisps and nuts following a ransomware attack and Nestlé confirms closure of factory near Newcastle.
-
NewsCMA launches investigation into Medina-Freshways merger
The Competition & Markets Authority has launched an investigation into the merger of milk processors Freshways and Medina Dairy amid concerns it could lead to a “substantial lessening of competition”
-
NewsMedia Bites 2 Feb: Tesco, CO2, Grocery market share
Another 1,600 jobs are being cut at Tesco as Britain’s biggest supermarket scrapped night shifts in 85 shops and almost 40 petrol station
-
NewsCity Snapshot: Food price inflation continues to surge in January
Surging food prices have contributed to annual inflation in the retail sector almost doubling in January, according to the latest industry data.
-
NewsCity snapshot: UK grocery sales fall in January despite mounting inflation
Take-home grocery figures from Kantar show that supermarket sales fell by 3.8% over the 12 weeks to 23 January 2022, despite prices continuing to rise as inflation mounts
-
NewsMedia Bites 1 February: Jack’s/Tesco, CO2, Co-op, Diageo
News of a major shake-up at Tesco makes the headlines this morning.
-
NewsDiageo to splash £73m on Guinness microbrewery and ‘culture hub’ in London
The investment demonstrated Diageo’s confidence in London as a tourist destination and its commitment to the hospitality sector, it said
-
NewsFood & drink M&A enjoys bumper year in 2021 but inflation could hamper 2022
Deal activity in the UK hit the highest levels recorded for more than a decade in 2021. However, inflationary headwinds look set to hamper dealmaking this year