All Finance articles – Page 227
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NewsGreencore predicts strong bounceback of food to go as lockdown ends
The UK’s largest sandwich maker this week said sales fell by a further 19% to £577.1m in the six months to 26 March
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NewsRisk Capital kicks off third Gail’s sale process
Bread Holdings, the premium bakery group behind the Gail’s chain, has kicked off a process to find a new buyer as it emerges from the challenges of the pandemic
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NewsConfidence rises as food and drink companies see ‘light at end of tunnel’
An FDF survey found the rollout of the vaccine and the easing of lockdown restrictions were having a positive impact
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Analysis & FeaturesMarks & Spencer: six things we learned about its recovery plan
As full-year results revealed a pre-tax loss of over £200m, new joint COOs are looking to ‘concentrate on building the M&S of the future’
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NewsCity snapshot: AG Barr reports encouraging trading as lockdown eases
AG Barr has said it is on target to bounce back in 2021, with sales recovering as the UK reopens
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NewsMedia Bites 28 May: EG Group, Pets at Home, Tate & Lyle
Demand for takeaways during the lockdown drove profits up at the petrol station owner EG Group, offsetting a decline in fuel
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NewsFood & drink M&A activity ‘back with a vengeance’ in 2021
Deal activity has roared back “with a vengeance” during 2021 as big fmcg players added in-demand plant-based and DTC brands to their portfolio.
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NewsCity snapshot: Covid pet ownership surge boosts Pets at Home
The surge in pet ownership during the coronavirus period has boosted trading at the country’s largest pet retailer Pets at Home. Plus annaul results from Tate & Lyle and PayPoint and all the latest news from the City.
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NewsMedia Bites 27 May: M&S, Tesco, C&C Group, Unilever
The papers go big on their coverage of the M&S annual results.
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NewsGrubby raises £800k to expand plant-based recipe kit offering
Founded by Martin Holden-White last year, Grubby is poised to take advantage of growing demand for meal kits, food delivery and plant-based.
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NewsThatchers defies Covid gloom with strong growth in supermarkets
Revenues increased 22% to £130m in the year ended 31 August 2021 despite the challenges of pubs going into lockdown, newly filed accounts at Companies House showed.
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NewsSeaweed & Co adds advisor to Walgreen Boots COO to its board in equity sale
Mario Patrocollo also took “a small, initial equity stake”, along with future options, in the company.
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Comment & OpinionOatly’s blockbuster IPO is a sign of both plant-based appetite and its skill as a brand
Oatly is well-positioned to continue benefiting from its category boom and current trends around a more plant-based, sustainable diet and lifestyle, says Sairah Ashman, global CEO at Wolff Olins
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NewsMedia Bites 26 May: Gail’s, Greencore, Grocery market share
Luke Johnson has revived his attempt to sell the upmarket bakery chain Gail’s after a strong performance during the pandemic
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NewsCity Snapshot: M&S swings to loss of more than £200m as Covid takes its toll
M&S has sank into the red as revenues fell almost 12% to below £9bn in a year heavily disrupted by the coronavirus pandemic. Plus, Pepco shares jump more than 9% on stock market debut; cider maker C&C Group tumbles to a loss as lockdowns decimate revenues; and Finsbury Food Group lifts profits expectations.
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NewsSaputo snaps up Scottish vegan cheese brand Sheese
The Cathedral City owner said the deal for Sheese owner Bute Island Foods would ‘expand our footprint in the dairy alternatives space’
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NewsWilko sales drop £107m as Covid-cautious shoppers stay away from high street
Sales fell 7.3% to £1.4bn in the year ended 30 January 2021, with like-for-like figures down 7.7%, according to the accounts
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NewsCovid restrictions hit first half sales at Greencore
Sales fell by a further 19% in the first half at Greencore as coronavirus restrictions continued to hit its food to go business.
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NewsCity snapshot: Grocery sales dip as lockdown eases
Take home grocery sales edged back 0.4% in the 12 weeks to 16 May the UK’s coronavirus lockdown eased and the vaccine rollout continued. Plus, Greencore and Restaurant Group encouraged by trading following COVID reopening and all the rest of the latest news from the City
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NewsMedia Bites 25 May: Weetabix, Hilton Food Group, hospitality
Unions are warning there could be a Weetabix shortage this summer if a “fire and rehire” row leads to strikes.