All Finance articles – Page 271
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NewsCity Snapshot: Grocery price inflation accelerates at decade-high pace
Food prices accelerated at their fastest rate in more than decade as retail trade body the BRC warns inflation is set “to get worse before it gets better”.
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NewsIllycaffè sales rebound to pre-pandemic levels as out of home consumption returns
Italian coffee giant Illycaffè posted consolidated revenue for 2021 of €500m, a 17.4% increase compared to 2020
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NewsUnilever shares soars as it hands activist investor Nelson Peltz board seat
Peltz will join the Persil, Dove and Magnum maker as non-executive director on 20 July, as well as taking a place on the group’s compensation committee.
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NewsShandy Shack closes second funding round as revenues accelerate towards £1m
The business will use the £235,000 raised from a group of angel investors to grow its team, including the recruitment of a brand manager joining from Graze in June, support listings with Sainsbury’s and to expand the direct-to-consumer operation.
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NewsOils specialist KTC acquired by private equity player Endless
Oils and canned produce specialist KTC Edibles has been acquired by UK private equity player Endless following a process first revealed by The Grocer
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NewsUnilever snaps up hair loss supplements brand Nutrafol
Unilever has continued to expand its focus on the health and wellness category with the acquisition of US hair loss supplement maker Nutrafol.
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NewsCity snapshot: B&M names Alex Russo as new boss as sales fall back
B&M Bargains owner B&M European Value Retail has named current CFO and former Asda exec Alex Russo as CEO when current boss Simon Arora steps down as its annual results show an accelerating drop in sales. Plus, Unilever appoints activist investor Nelson Peltz to its board and all the rest of the latest news from the City.
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NewsMedia Bites 31 May: Inflation, Morrisons/McColl’s, Jus-Rol, National Lottery
The papers all have different takes on the effect of the cost of living crisis on supermarket value ranges.
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NewsBel UK eyes plant-based growth with Mont Blanc-Materne acquisition
The Babybel and Boursin producer has acquired the fruit-based healthy snacking business as part of a drive to become more fruit and plant-based
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NewsNomad Foods boss Wayne Hudson to leave Birds Eye owner
Wayne Hudson is leaving his role as UK MD of Bird’s Eye owner Nomad Foods and taking time out of the food and drink industry
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NewsOasis to give up Premier Foods board seat at July’s AGM
Oasis Management will no longer have a presence on the Premier Foods board following last week’s reduction in its shareholding position
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NewsRefresco appoints Bill McFarland chief financial officer
McFarland joined Refresco in 2017 through its £935m acquisition of Cott Beverages, where he was CFO for four years leading up to the takeover
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NewsCMA warns of higher prices for Jus-Rol following Cérélia takeover
The Competition & Markets Authority raised its concerns following a three-month phase 1 investigation into the deal launched in February.
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NewsMedia Bites 30 May: Boots, Just Eat Takeaway, Sainsbury’s
India’s Reliance Industries and Apollo, the private equity firm, have become the frontrunners to buy Boots after the Issa brothers indicated that they were not prepared to pay the asking price
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NewsCity Snapshot: Sainsbury’s investment in price to top £500m as cost of living surges
Sainsbury’s revealed its investment in keeping prices competitive during the cost of living crisis is set to top £500m.
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Comment & OpinionOcado’s incessant value messaging is starting to grate
Ocado’s fall from grace on the stock market has been spectacular
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NewsCity Snapshot: Investment firm Grosvenor to double down on bets in food tech industry
Investment firm Grosvenor has outlined ambitions to ramp up its activity in food and agritech.
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NewsMedia Bites 27 May: Cost of living, Asda, Bodycare, Fever-Tree
The papers focus on Rishi Sunak’s new package of measures to help families with soaring energy bills in a major U-turn for the government.
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NewsGrosvenor outlines plan for significant investment in food and agritech
Investment firm Grosvenor has outlined ambitions to ramp up its activity in food and agritech and double the capital allocated to innovation the industry over the next decade as concerns grow over security in the supply chain.
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NewsCity News: M&S defies inflationary gloom with strong track record from Steve Rowe
M&S shook off inflationary gloom this week as shares rose healthily despite the retailer becoming the latest to warn profits in the coming year would take a hit as the cost of living crisis intensified.