All Finance articles – Page 218
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NewsZero-based budgeting helps LRS deliver improved profits
The soft drinks supplier’s sales fell 9.5% in the year to 31 December 2020
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NewsCity snapshot: Kerry Group sales and profits rise as foodservice rebounds
Kerry Group has reported a strong rise in revenues and profits in the first half of its financial year as it continues to shake-up its portfolio
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NewsMedia Bites 30 July: Morrisons, Arla, Diageo
M&G Investments has joined the growing list of big investors that have rallied against the sale of Morrisons to a Fortress-led consortium
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NewsFitbakes eyes retail expansion after hitting crowdfunding target
The business, founded by nutritionist Ella Rauen-Prestes in 2018, will use the money to help support a slated launch in 1,000 Tesco Express stores as part of its meal deal offering in the third quarter of 2021.
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NewsSmall Giants closes £400k funding round to bring insect snacking to the mainstream
Insect-based snacks start-up Small Giants has closed an investment round of more than £400,000 to supports its growth across the UK and Europe.
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NewsGriffith Foods expands UK presence with acquisition of The Flavourworks
Ingredients supplier The Flavourworks has been acquired by US product development group Griffith Foods for an undisclosed sum.
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NewsCity snapshot: Nestlé raises growth expectations after coffee drives first half sales increase
The world’s largest food group Nestlé has raised its full year growth forecast after posted organic growth of 8.1% in the first half as booming coffee sales drove strong growth. Plus updates from AB InBev, Danone, Diageo, Compass Group, Pets at Home and more.
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NewsMedia Bites 29 July: Morrisons, Arla Foods, British American Tobacco
Morrisons is in the spotlight again this morning as the race to takeover the supermarket group heats up.
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NewsSingapore wealth fund joins Fortress-led consortium on £6.3bn Morrisons takeover
Cambourne Life Investment, a subsidiary of GIC, has agreed to join Fortress Investment Group – alongside Canadian pension fund CPPIB and a subsidiary of US group Koch Industries – as an additional co-investor
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NewsMorrisons’ largest investor Silchester publicly rebukes £6.3bn Fortress offer
Silchester International Investors, which holds a 15.1% holding in Morrisons, said in a statement that it was “not inclined” to support the existing offer from Fortress.
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NewsMedia Bites 28 July: Morrisons, Reckitt Benckiser, Iceland
The proposed £9.5bn takeover of Morrisons has been thrown into jeopardy after the supermarket group’s largest shareholder blasted the Fortress-led bid
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NewsLindt sales soar as it emerges from Covid restrictions
Swiss confectionery giant Lindt & Sprüngli has soared back into double-digit growth as the shops emerged from lockdowns across the world and it continued to benefit from strong demand for premium chocolate in supermarkets.
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NewsGreencore sales bounce back as food to go recovers
Greencore has posted “strong revenue momentum” in its third quarter, with group pro forma revenue 53.1% above prior year levels and only 2.8% below equivalent pre-COVID levels in the same quarter of 2019
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NewsReckitt warns rising costs will eat into 2021 margins
Reckitt Benckiser has posted a drop in first half profitability as mounting costs hit margins and revenues declined due to tough year-on-year comparisons
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NewsCity snapshot: July grocery sales rebound thanks to summer sport and warm weather
Grocery sales improved in the four weeks to July 17 as trading was boosted by better weather and the summer sports events, according to the latest figures from NielsenIQ. Plus, Reckitt’s profits plunge as costs add up, Greencore’s food to go rebounds and all the latest news from the City.
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NewsPlant-based nutrition brand Pulsin acquired by VC firm S-Ventures
Pulsin makes a wide range of protein, keto, high-fibre and oat snack bars, as well as protein powders and shakes, under its own brand and for third parties.
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NewsMedia Bites 27 July: Pingdemic, Just Eat Takeaway, Cranswick
Christmas shopping risks being ruined by a shortage of lorry drivers caused by Covid restrictions and the migration of foreign staff.
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Comment & OpinionAs PMI eyes ‘healthcare and wellness’, could Marlboro Man be saddling up for his last ride?
CEO Jacek Olczak told the Mail on Sunday it could stop selling cigarettes in the UK in as little as 10 years’ time
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NewsMedia Bites 26 July: Pingdemic, Morrisons, Philip Morris
An emergency government plan to prevent the spiralling “pingdemic” from hitting food supplies has descended into chaos
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NewsCity Snapshot: Positive start for Cranswick on strong meat demand in supermarkets
Meat producer Cranswick has continued to benefit from strong demand in supermarkets over the summer, as well as the beginnings of a recovery for food-to-go and foodservice sales as Covid-19 restrictions eased further.