All Finance articles – Page 287
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NewsCity snapshot: Tate & Lyle’s food and beverage solutions posts 19% sales jump
Tate & Lyle has posted continued strong growth in its core food and beverage solutions business in the third quarter to upgrade full year expectations for the division
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NewsMedia Bites 11 Feb: Unilever, Coke/Pepsi, Beer sales
Unilever expects the strongest cost inflation in decades to hit profitability for two years, adding to pressure on chief executive Alan Jope
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NewsNurture Brands close to landing £2.5m funds to push expansion
Plant-based group Nuture Brands is closing in on a £2.5m crowdfunding target to fuel international expansion across North America and Asian markets.
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NewsArla continues to see strong growth despite disruption to supply
The dairy co-op’s UK revenue grew by 2.6% to £2.17bn last year
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NewsSales fizz higher at Coke and Pepsi on strong demand and price hikes
Soft drinks giants Coca-Cola and PepsiCo have enjoyed double-digit sales growth in the final quarter of 2021 on the back of price increases and continued demand as consumers return to pre-pandemic habits out of the home.
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NewsCity snapshot: Unilever to hike more prices to cope with €3.5bn inflation hit
Unilever has warned that that more price rises are on the way to mitigate an extra €3.5bn of costs in 2022
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NewsMedia Bites 10 February: Amazon, Colgate, Unilever, GSK
The papers focus on Amazon finally falling under the code of conduct set by the Groceries Code Adjudicator.
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NewsUpfield secures strategic partnership with plant-based egg alternative Oggs
The deal will see Upfield take a stake in Oggs’ British owner Alternative Foods
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NewsLittle Moons deal to value TikTok sensation at more than £100m
Investment bank Houlihan Lokey is running the process for the business, with a deal expected to close within the next four weeks. At least five PE houses are involved in the second round of the auction.
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NewsSpayne Lindsay forms partnership with US investment bank Sage Group
The pair will remain separately run and owned, but will work in a new partnership to create a ‘consumer advisory powerhouse’
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NewsMedia Bites 9 Feb: Ocado, Unilever, Just Eat Takeaway.com
Ocado’s annual results are heavily featured in this morning’s papers
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NewsCity Snapshot: PZ Cussons remains positive despite sales decline and cost pressures
Revenues have fallen back at hygiene and personal care group PZ Cussons as demand for its Carex hand sanitiser brand softened from heights experienced during earlier stages of the pandemic. Plus, Tate & Lyle appoints new CFO.
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NewsCity snapshot: Ocado’s annual loss grows by £125m as investment hits bottom line
Ocado’s annual losses ballooned to £176.9m last year despite continued top-line growth as investment in technology hit earnings
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NewsPersonalised nutrition brand Vitl raises £6.2m to power growth
New investors include Richard Pennycook, former CEO of the Co-operative Group
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NewsMedia Bites 8 February: Inflation, Asda, Unilever, Pets at Home
A number of different stories in today’s papers examine the impact of inflation on consumers, supermarkets and suppliers.
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NewsCMA opens investigation into Cérélia acquisition of General Mills dough business
The UK deals watchdog has opened an investigation into the acquisition of General Mills’ European dough business, which includes the Jus-Rol brand, by French bakery giant Cérélia.
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NewsLotus Bakeries reports strong rebound of UK heathy snacking portfolio
Lotus Bakeries has reported a strong recovery in its Natural Foods division, with healthy snack brands Nakd, Trek and Bear bouncing back from Covid-driven sales falls last year
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NewsHeart of England Co-op reports 6.5% boost in Christmas sales
The protein category, including turkeys, beef joints and legs of lamb, saw sales increase by 3%
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NewsCity Snapshot: Pets at Home hires former Morrisons non-exec as new CEO
Pets at Home has appointed former Morrisons non-exec Lyssa McGowan as group CEO to replace the outgoing Peter Pritchard. Plus, THG shares continue to rise on PE takeover speculation.
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NewsMedia Bites 7 Feb: Tesco/inflation, THG, Unilever, Junk food legislation
The chairman of Britain’s biggest supermarket chain has warned that “the worst is yet to come” on food price inflation