All Finance articles – Page 232
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NewsDoisy & Dam appoints fmcg veteran Mike Hedges as chairman
Confectionery challenger brand Doisy & Dam has appointed fmcg veteran Mike Hedges as chairman ahead of a £300,000 crowdfunding push.
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NewsFearne & Rosie turns down Dragons’ Den offer in favour of Giles Brook backing
The Yorkshire-headquartered business has partnered with Giles Brook as it readies to scale up expansion in the fast-growing category
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NewsCity snapshot: Just Eat Takeaway.com ups growth expectations after strong second quarter
Takeaway delivery giant Just Eat has raised its full year growth expectations after first half orders jumped 61%
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NewsMedia Bites 15 July: John Lewis Partnership, National Food Strategy, Sainsbury’s, SSP Group
A busy morning in the papers sees stories on another 1,000 job cuts at John Lewis and Waitrose, the next part of Henry Dimbleby’s National Food Strategy, Sainsbury’s encouraging customers to continue wearing face coverings from next week, and the chief executive of SSP resigning.
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NewsCovid and poor potato crop hit trading at McCain GB
Frozen potato giant McCain saw drop in annual sales and fell to a loss last year as Covid hit its out of home sales and it suffered from a poor potato crop
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NewsHoulihan Lokey expands coverage of consumer market with Baylor Klein acquisition
Investment bank Houlihan Lokey has acquired boutique advisory firm Baylor Klein in a move that bolsters its coverage of the consumer sector
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NewsMedia Bites 14 July: PepsiCo, British Land, Morrisons
PepsiCo will increase its prices this year after it raised its full-year earnings forecast on surging demand for its drinks from people flocking to restaurants and theatres
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NewsCity Snapshot: SSP Group chief executive Simon Smith quits Upper Crust owner
SSP Group chief executive Simon Smith has quit his role at the Upper Crust and Ritazza owner to pursue opportunities elsewhere. Plus, trading updates from Finsbury Food Group, Science in Sport and McBride.
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NewsBepps bags six-figure backing from Mission Ventures’ Good Food Fund
As well as the funding, Bepps will also receive support and advice from Missions Venture, the food and drink start-up accelerator behind the Good Food Fund.
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NewsCity snapshot: Retail sales surge in June to create fastest quarterly growth on record
Retail sales strongly rebounded in June as shoppers returned to stores and grocery sales remained robust despite the reopening of pubs and restaurants
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NewsMedia Bites 13 July: Tate & Lyle, Uber, retail sales
Tate & Lyle has agreed to sell a controlling stake in its commercial sweeteners division in the Americas to KPS Capital Partners in a $1.3bn deal as the food group pivots towards healthier products.
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NewsCity snapshot: Tate & Lyle to split with £1.2bn sweeteners arm sale
Tate & Lyle is to divest its sweeteners division after this morning announcing it has agreed a £1.2bn deal with private equity player KPS Capital Partners to sell a controlling stake in the business
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NewsMedia Bites 12 July: Morrisons, Philip Morris, Ocado
Morrisons has written to farmers to calm fears that a planned takeover could undermine its agreements with suppliers
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NewsEthical Butcher surges past target to hit £1.1m in crowdfunding
The wholesaler launched a £400k crowdfunding campaign on Crowdcube this week
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NewsWarburtons boosted by Covid demand and push into non-bread
Warburtons’ sales and profits soared last year thanks to a spike in demand for core bakery products in the pandemic and an ongoing push into non-bread
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NewsMFG profits improve despite £1.1bn pandemic sales decline
The pandemic cost forecourt giant Motor Fuel Group £1.1bn in sales last year, but profits nevertheless improved as its grocery convenience sales boomed
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NewsSainsbury’s shrugs off inflationary pressures to hike profits expectations
Sainsbury’s has hiked its profit expectations for the full year despite pledging action on price and mounting inflationary pressures following better-than-expected sales in the first quarter
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NewsCity snapshot: Philip Morris buys UK pharma firm to broaden beyond tobacco
Tobacco giant Philip Morris International has agreed to acquire UK-based inhaled drug delivery specialist Vectura for £852m as part of an effort to broaden its business
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NewsMedia Bites 9 July: Deliveroo, Morrisons, B&M Bargains
Fears that the reopening of pubs and restaurants would take a big bite out of Deliveroo’s takings proved wide of the mark
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NewsSnappy Group to create 400 jobs with £20m in fundraising
Funding included a £6.6m investment from PayPoint