All Finance articles – Page 231
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NewsMedia Bites 8 February: Inflation, Asda, Unilever, Pets at Home
A number of different stories in today’s papers examine the impact of inflation on consumers, supermarkets and suppliers.
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NewsCMA opens investigation into Cérélia acquisition of General Mills dough business
The UK deals watchdog has opened an investigation into the acquisition of General Mills’ European dough business, which includes the Jus-Rol brand, by French bakery giant Cérélia.
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NewsLotus Bakeries reports strong rebound of UK heathy snacking portfolio
Lotus Bakeries has reported a strong recovery in its Natural Foods division, with healthy snack brands Nakd, Trek and Bear bouncing back from Covid-driven sales falls last year
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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%
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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.
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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
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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
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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
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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
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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.
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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.
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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”
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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.
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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.
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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
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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.
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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”
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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
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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.
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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