All Finance articles – Page 276
-
NewsCity Snapshot: Supermarket sales drop as Brits return to the pub
Grocery sales at UK supermarkets have tumbled as locked-down consumers returned to pubs, cafes and restaurants following easing of coronavirus restrictions, the latest data from NielsenIQ showed. Plus, food prices fall for second month in a row as supermarkets battle it out to win shoppers, according to latest BRC-NielsenIQ Shop Price Index.
-
NewsFerrero swoops to acquire Burton’s Biscuits to add to growing biscuit empire
The acquisition – for an undisclosed price – adds to the Italian confectionery giant’s growing biscuits empire following the takeover of Fox’s in 2020
-
NewsCity snapshot: Quorn owner Monde Nissin debuts US$1bn IPO
Global noodle giant and Quorn owner Monde Nissin has completed the Philippines largest initial public offering in history after listing its shares today in a £720m float.
-
NewsMedia Bites 1 June: Heinz, Caffè Nero, Ocado, Nestlé, Deliveroo
Heinz tomato ketchup will be made in Britain again after its owner announced plans for a £140m upgrade of a site on the outskirts of Wigan.
-
NewsCity News: M&S exits torrid year with hopes the worst is behind it
M&S exited a torrid year with some positive momentum this week, triggering hopes in the City that the beleaguered retailer may be finally leaving the worst behind it
-
NewsGreencore predicts strong bounceback of food to go as lockdown ends
The UK’s largest sandwich maker this week said sales fell by a further 19% to £577.1m in the six months to 26 March
-
NewsRisk Capital kicks off third Gail’s sale process
Bread Holdings, the premium bakery group behind the Gail’s chain, has kicked off a process to find a new buyer as it emerges from the challenges of the pandemic
-
NewsConfidence rises as food and drink companies see ‘light at end of tunnel’
An FDF survey found the rollout of the vaccine and the easing of lockdown restrictions were having a positive impact
-
Analysis & FeaturesMarks & Spencer: six things we learned about its recovery plan
As full-year results revealed a pre-tax loss of over £200m, new joint COOs are looking to ‘concentrate on building the M&S of the future’
-
NewsCity snapshot: AG Barr reports encouraging trading as lockdown eases
AG Barr has said it is on target to bounce back in 2021, with sales recovering as the UK reopens
-
NewsMedia Bites 28 May: EG Group, Pets at Home, Tate & Lyle
Demand for takeaways during the lockdown drove profits up at the petrol station owner EG Group, offsetting a decline in fuel
-
NewsFood & drink M&A activity ‘back with a vengeance’ in 2021
Deal activity has roared back “with a vengeance” during 2021 as big fmcg players added in-demand plant-based and DTC brands to their portfolio.
-
NewsCity snapshot: Covid pet ownership surge boosts Pets at Home
The surge in pet ownership during the coronavirus period has boosted trading at the country’s largest pet retailer Pets at Home. Plus annaul results from Tate & Lyle and PayPoint and all the latest news from the City.
-
NewsMedia Bites 27 May: M&S, Tesco, C&C Group, Unilever
The papers go big on their coverage of the M&S annual results.
-
NewsGrubby raises £800k to expand plant-based recipe kit offering
Founded by Martin Holden-White last year, Grubby is poised to take advantage of growing demand for meal kits, food delivery and plant-based.
-
NewsThatchers defies Covid gloom with strong growth in supermarkets
Revenues increased 22% to £130m in the year ended 31 August 2021 despite the challenges of pubs going into lockdown, newly filed accounts at Companies House showed.
-
NewsSeaweed & Co adds advisor to Walgreen Boots COO to its board in equity sale
Mario Patrocollo also took “a small, initial equity stake”, along with future options, in the company.
-
Comment & OpinionOatly’s blockbuster IPO is a sign of both plant-based appetite and its skill as a brand
Oatly is well-positioned to continue benefiting from its category boom and current trends around a more plant-based, sustainable diet and lifestyle, says Sairah Ashman, global CEO at Wolff Olins
-
NewsMedia Bites 26 May: Gail’s, Greencore, Grocery market share
Luke Johnson has revived his attempt to sell the upmarket bakery chain Gail’s after a strong performance during the pandemic
-
NewsCity Snapshot: M&S swings to loss of more than £200m as Covid takes its toll
M&S has sank into the red as revenues fell almost 12% to below £9bn in a year heavily disrupted by the coronavirus pandemic. Plus, Pepco shares jump more than 9% on stock market debut; cider maker C&C Group tumbles to a loss as lockdowns decimate revenues; and Finsbury Food Group lifts profits expectations.