All Finance articles – Page 241
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NewsCity snapshot: Retail footfall sees gradual improvement in March
UK footfall continued to rebound in March as consumer behaviour stabilises after Covid restrictions, but shopper numbers remain well down on pre-Covid levels
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NewsMedia Bites 8 April: Co-op, Morrisons, Ferrero
The new boss of the Co-operative Group is braced for further “shocks” after a tumultuous year during which profits were hit by disruption to its supply chain that coincided with a systems upgrade in its grocery business.
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NewsNeyba seeks £15m to expand grocery restaurant hybrid across London
Neighbourhood grocery and restaurant start-up Neyba is looking to raise £15m as part of an expansion plan.
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NewsMcColl’s shares surge 70% higher as c-store chain remains locked in talks with lenders
Embattled convenience store retailer McColl’s has said it knows of no reason for a sudden surge in its share price today.
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NewsCity snapshot: Waitrose and Deliveroo extend partnership to 70 more stores
Waitrose and Deliveroo are expanding their partnership to meet ’strong customer demand’ by adding more than 70 new Waitrose locations by the summer
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NewsMedia Bites 7 April: inflation, Kinder Surprise, Amazon
Chronic worker shortages in the food and farming sector as a result of Brexit and the coronavirus pandemic could push food prices even higher and lead to more food having to be imported, MPs have warned.
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NewsHolland & Barrett debt payment cleared following Russian sanction concerns
The interest payment on a €415m loan taken by the health and wellness retailer had been held up by HSBC
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Analysis & FeaturesDragons’ Pantry: what to expect from this year’s Farm Shop & Deli Show workshops
Experts will tackle issues such as recruitment, working with wholesalers, supplying airlines and securing funding
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NewsRemeo Gelato eyes expansion after securing fresh capital
As part of the raise, Remeo appointed Nando’s grocery CEO Georg Gruber as executive chairman of the board
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NewsKestrel Foods acquires non-HFSS granola brand Just Live a Little
The deal signalled its “ongoing commitment to becoming an innovative leader in the plant-based snacking market”, said Kestrel Foods
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NewsWeetabix swoops for protein shakes player UFit
Weetabix has boosted its presence in the dairy drinks category with the acquisition of RTD protein shakes player UFit
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NewsCity snapshot: Revenues soar as Hilton Food Group diversifies further
Meat and fish supplier Hilton Food Group has reported a surge in revenues and profits as it extended its reach across protein categories around the world. Plus, trading updates for Imperial Brands and Distil.
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NewsShicken owner secures new funds to expand plant-based Indian ready meals into the US
The group behind the Shicken range of plant-based Indian ready meals has scored further backing from specialist investment firm Veg Capital.
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NewsMedia Bites 6 April: Labour shortages, Petrol, Morrisons/supermarkets
The UK food industry may shrink permanently if ministers fail to address labour shortages from Brexit and coronavirus
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NewsTomato producer Sterling Suffolk rescued from administration
The company brought in administrators on 29 March after a downturn in trading and soaring energy prices forced it into administration
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Comment & OpinionMorrisons’ results put CD&R under pressure with refinancing mission
Clayton Dubilier & Rice must show they can invest enough to stop the retailer being left behind by its rivals
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NewsMorrisons warns on impact of inflation and ‘geopolitical environment’
Private equity owned Morrisons has warned its profits will come under pressure from mounting inflation and the situation in Ukraine.
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NewsMedia Bites 5 April: Morrisons, inflation, Ferrero, M&S
The new owners of Morrisons have given the green light to plans to sell a £500m property portfolio, while the supermarket warns its profits are likely to take a significant hit this year as the cost of living crisis and disruption due to the war in Ukraine weigh on the grocery market.
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NewsUpfield UK bounces back into profit but warns on plant oil prices
The UK arm of Flora owner Upfield bounced back into profit in its first year of separation from former owner Unilever, but warned over the impact of soaring plant oil prices
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NewsKerry Group suspends operations in Russia and Belarus
Irish nutrition company Kerry Group has suspended its operations in Russia and Belarus following Russia’s invasion of Ukraine