All Finance articles – Page 231
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NewsCity snapshot: Grocers boosted by highest ever sales week in the run up to Christmas
UK supermarkets saw a double digit jump in sales, as strong inflation and a recovery in sales volumes lead to the industry’s biggest ever week in the run up to Christmas
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Analysis & FeaturesHow Unilever provided safe haven amid 2022’s stock market storm
Unilever seems a ‘safe haven’, but the turmoil of 2022 was tough for many of the listed players. So who fared best… and worst?
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NewsMedia Bites 9 January: Waitrose/Warburtons, McDonald’s, M&S
Waitrose has pulled all Warburtons products from its shelves in a row that denies millions of its shoppers access to the nation’s most popular crumpet
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NewsCity News: B&M, Greggs and Next provide investors with some Christmas cheer
Bargain hunters looking to stretch budgets helped B&M and Greggs, while Next raised profit forecasts following better-than-expected festive trading.
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NewsCity snapshot: Lidl attracts 1.3 million new customers over Christmas
Lidl has this morning reported that it attracted more than an additional 1.3 million customers in the run up to Christmas as sales increased 24.5%.
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NewsWilliam Jackson Food Group bounces back with 35% sales jump
William Jackson Food Group grew sales by over 35% and cut losses last year, thanks to a resurgent foodservice market and its supply partnership with Co-op
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NewsBumper Christmas sees mults win back market share from discounters
Soaring food price inflation drove a bumper increase in Christmas sales for supermarkets as they won back share from the discounters, Kantar has revealed
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NewsIncreasing costs of production hit profits at Cathedral City owner Saputo Dairy UK
The supplier also saw a slump in demand for its lucrative dairy ingredients business
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NewsCity snapshot: Christmas footfall jumps to post-pandemic high
UK retail footfall over the festive period rose back to the highest levels recorded since the start of the Covid pandemic in 2020
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NewsMedia Bites 6 January: B&M, Greggs, Boots, UK Retail
The FTSE 100 discount store chain B&M European Value Retail has upgraded its profit forecast after a strong third quarter and will pay a £200m special dividend
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NewsNorthern Bloc acquires two heritage ice cream makers as it ramps up capacity at new Leeds HQ
The acquisitions of Criterion Ices and Marine Ices will boost revenues by an additional £2m
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NewsDaylesford Organic sales are up… but it’s back in the red
Scaling back up after the pandemic caused losses
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NewsMedia Bites 5 January: Kantar, Sainsbury’s, Wilko, Amazon
There’s plenty of retail news in this morning’s papers to chew over following the latest Kantar Christmas spending data, Sainsbury’s raising shop-floor pay and Wilko securing fresh funding.
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NewsCity snapshot: B&M hikes profit guidance on strong pre-Christmas trading
B&M Bargains owner B&M European Value Retail has raised its full year profits guidance after posting double-digit growth in the quarter leading to Christmas. Plus, Greggs sees ‘favourable’ Christmas trading and all the rest of the latest news from the City.
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NewsGlobal Brands takes control of Hooch, Hooper’s and Reef from Molson Coors
The three brands have been produced and distributed by Global Brands since 2012, under licence from the North American brewing giant.
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NewsCook EBITDA slumps £2m following Christmas 2021 cyber-attack
The attack ground manufacturing systems at its Sittingbourne site to a halt and prevented Cook from making and delivering food
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NewsWilko secures £40m in financing and appoints Chris Howell as chair
The household and gardens retailer has agreed a £40m two-year revolving credit facility with Hilco
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Comment & OpinionWhat is the outlook for food & drink funding in 2023?
Businesses of every size must balance their long-term objectives with short-term financial pressures this year, says Paul Doheny, UK head of corporate clients and lending, Rabobank
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NewsMedia Bites 4 January: Food prices, Aldi, Hotel Chocolat
Food prices rose by a record 13.3% in December, increasing fears that inflation may not fall as sharply in 2023 as central bankers and economists hope
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NewsCity snapshot: Soaring prices deliver record Christmas supermarket sales
Spending in supermarkets has breached the £12bn barrier for the first time this Christmas thanks to soaring inflation, new Kantar figures have revealed. Plus, the BRC-NielsenIQ shop price index shows a new record for food inflation.