All Finance articles – Page 2
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NewsMedia Bites 24 Feb: Oatly, SimplyCook, Exports
Swedish non-dairy milk maker Oatly is set to go public with a New York listing that could value it at up to $10bn
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Greencore commits to fully recyclable packaging by 2025
Sandwich giant Greencore will commit to producing only recyclable or reusable packaging by 2025 as part of a wider sustainability drive presented to investors and analysts later today.
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City snapshot: Record year for Reckitt Benckiser as Covid fuels demand for Dettol
A strong end to the year has helped Reckitt Benckiser register double-digit growth in 2020 as consumers turned to Dettol, Lysol and other hygiene brands to keep coronavirus at bay. Plus, EG Group strengthen board with new non-exec appointment, and Glanbia profits slump as Covid take toll on performance nutrition division.
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Nestlé expands DTC portfolio with acquisition of SimplyCook
The deal follows the takeover of Mindful Chef in November last year as the Swiss food giant moved to increase its exposure to the flourishing direct-to-consumer market
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City Snapshot: McBride boosted by cleaning products demand spike
Household goods manufacturer McBride has seen an uplift in sales and profits in the second half of the year as the coronavirus outbreak continues to boost the sale of cleaning products
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Media Bites 23 Feb: Coronavirus exit plan, online sales tax, Brexit
The main news story dominating the news this morning is the details of Prime Minister Boris Johnson’s coronavirus lockdown exit plan.
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Huel sees surge in growth as home delivery booms
Huel said growth was helped by new flavour launches and the rollout of an improved recipe
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Media Bites 22 Feb: Caffè Nero, John Lewis Partnership, Business rates
The billionaire owners of Asda are trying to launch an audacious raid on Caffè Nero by buying part of its £350m debt pile
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City snapshot: Finsbury Food suffers further decline as lockdown drags on
Finsbury Food Group has suffered further declines in sales and profits as the return of lockdown towards the end of 2020 halted the recovery of its foodservice business.
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Nestlé posts strongest growth numbers in five years
Petcare was the group’s standout performer, with its premium brands Purina Pro Plan, Purina One and Felix driving the category to organic growth
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Bestway completes Costcutter takeover following FCA approval
Bestway COO Naser Khan has been charged with overseeing the Costcutter integration
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Analysis & Features
What Virgin Wines £100m public listing tells us
Private interest in Virgin Wines was thought to be strong, but the group is going public instead
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City snapshot: Danone plans ‘year of recovery’ after 2020 sales drop
Danone has guided towards a ‘year of recovery’ in 2021, while it has acquired US-based vegan dairy player Earth Island. Plus, UK retail sales slump in January and all the rest of the latest news from the City.
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Media Bites 19 Feb: Asda/Walmart, Nestlé, Business rates
The new owners of Asda have been urged to overhaul the supermarket’s strategy after its performance over the Christmas period lagged behind its rivals
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Asda sales up 6.9% over Christmas in last Walmart era results
CEO Roger Burnley cites ‘strong growth’ in online as the standout factor
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Comment & Opinion
Why private equity firms are backing the UK grocery sector
Walmart’s sale of Asda to a consortium backed by TDR Capital is the latest in a series of inroads made by private equity into the UK grocery sector, says Equistone’s Paul Harper
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Cheeky Panda cleans up with £2m fundraising
Eco toilet paper supplier The Cheeky Panda is raising £2m on Seedrs secondary market to help meet investor demand after a year of rapid growth.
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City Snapshot: Booming petcare sales help Nestlé increase 2020 revenues
Global foods giant Nestlé has posted an uptick on organic sales growth during the coronavirus period, helped by strong growth in its petcare, dairy and coffee businesses. Plus, Premier Foods pays down more debt, Carrefour posts ‘record’ year and more.
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Media Bites 18 Feb: Danone, Total Produce/Dole Foods, British American Tobacco
A large shareholder in French consumer goods group Danone has urged its directors to oust chairman and chief executive Emmanuel Faber, halt a planned group reorganisation that he has championed, and sell underperforming brands that account for 15% of revenue.
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Ohso Chocolate sells 75% stake in sweet investment deal
Under the umbrella of S-Ventures, Ohso will look to develop the product range, continue to grow its existing product lines and consider partnering opportunities with other major brands to use its technology.
