All Finance articles – Page 24
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NewsGousto in ‘best shape ever’ as it readies for pivot back to growth
Revenues in 2024 nudged £3m higher to £312m, after creeping up by 1% in the previous year, as the recipe box operator shifted focus to the bottom line
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NewsNeutonic raises £3m for expansion of nootropics drinks and supplements
Neutonic sales have hit $10m so far, with more than three million cans sold since launch and a number one position on Amazon in the energy and grocery categories
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NewsSofina Foods acquires Northern Irish meat company Finnebrogue
The acquisition is designed to bolster the seafood and pork giant’s ambitious growth plan
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NewsJones Food Company collapsed owing creditors £22m
The Lydney, Gloucestershire-based business was placed into administration on 7 April, with 61 staff made redundant
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NewsEagle Eye expands offering into real-time couponing thanks to Promotional Payments Solutions acquisition
Grocery tech firm Eagle Eye has acquired Promotional Payments Solutions for £5.5m to expand its offering to include real-time CPG couponing
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NewsWH Smith slashes valuation of high street business to get sale over the line
WH Smith has completed the sale of the UK high street business after being forced to renegotiate and slash the valuation as trading at the stores continued to struggle
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NewsCampari culls Cinzano as portfolio trimming gets underway
The Aperol brand owner set out plans to cut costs and divest non-core brands last October
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NewsEgg processor Bumble Hole acquired by Hardeman
The companies were now more ‘agile, resilient, and ready to lead in a rapidly evolving market’, according to Ton Gielen, CEO of The Hardeman Egg Group
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NewsBoots market share growth continues in third quarter
Like-for-like retail sales grew by 6% in the three months to 31 May, while pharmacy sales rose 5.4%
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NewsMedia Bites 27 June: Post Office criminal investigation, Dr Squatch acquisition, food waste
The police criminal inquiry into the Post Office Horizon IT scandal is investigating more than 45 individuals
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NewsReturn to growth provides shot in the arm for THG shares
Shares in THG have rallied to a three-month high after the business returned to growth in Q2
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NewsCooks Coffee sales and profits surge as expansion pays off
The franchise café chain aims to have 300 stores by 2034
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NewsEuropean Commission opens investigation into Mars-Kellanova deal
Preliminary investigations raised fears the Mars-Kellanova deal could lead to higher prices on shelves
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NewsMedia Bites 26 June: Asda £600m loss, M&S slowdown and a strawberry sandwich
News that Asda reported an almost £600 million loss last year was widely reported in yesterday’s papers
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NewsPZ Cussons pulls St Tropez auction as self-tan brand struggles in the US
PZ Cussons has abandoned plans to flog the St Tropez self-tanning brand after running an extensive auction process
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NewsRetail distress surges to highest level since financial crisis
Tight credit conditions, cost inflation and weak consumer demand have contributed to a sharp rise in financial distress in the sector
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NewsAsda falls £600m into the red amid turnaround battle
The slide from a £180m pre-tax profit to a £599m loss in 2024 came as food sales lagged expectations, falling 3.7% on a like-for-like basis, according to newly filed accounts for parent company Bellis Finco
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NewsRTD maker Pimentae secures £1.5m backing for retail expansion
The investment will be used to scale the brand into new retailers, add new brand activations and digital media presence, as well as accelerate its rollout into Europe
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NewsBrewDog posts return to EBITDA growth despite flat revenues in 2024
Adjusted EBITDA in the year ended 31 December 2024 stood at £7.5m
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NewsMedia Bites 25 June: Asda’s weeds, playing student politics, Spanish wine exports
Kantar’s latest figures have been picked up by several papers, with the majority of headlines focused on rising inflation and the potential impact of GLP-1 weight-loss drugs on falling volumes