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All Finance articles – Page 31
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NewsPoundland owner reportedly appoints City advisers to explore options
Pepco Group is said to have engaged AlixPartners to explore options for arresting Poundland’s sales slump
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NewsAG Barr hires Dino Labbate for CCO role following Britvic exit
Labbate is one of a string of high-profile departures from Britvic this month
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NewsCity snapshot: Higher palm oil prices drive profits performance at MP Evans
MP Evans is set to report “strong” results for 2024 thanks to a boost to palm oil prices during the year. Plus, Poundland set for radical restructure and Britvic shares cease trading on London Stock Exchange. And this week’s City diary
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NewsBritvic CEO Simon Litherland stands down as Carlsberg merger completes
Former CMBC boss Paul Davies will head up the new company
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NewsHarry Kane-backed breakfast brand 3Bears makes UK debut
Its range of overnight oats mixes, porridges and snack bars are now available to order DTC
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NewsCity Snapshot: McBride shares soars as dividend reinstated on strong trading performance
Shares in McBride have surged this morning as the own-label household cleaning products supplier guided for a continued improvement in profitability and higher revenues. Plus, ONS retail sales data for December and Aldi reveals London expansion
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NewsSupermarkets suffer ‘a very poor month’ in December: ONS
Volumes in food stores slumped by 1.9% in December, contributing to an unexpected contraction for British retail sales last month, according to the latest gloomy economic data to be released this morning
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Comment & OpinionB&M’s low-tech strategy is failing to impress investors
A change of strategy is likely on the cards for B&M, says Orwa Mohamad, senior analyst at Third Bridge
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NewsOggs dodges Brexit ‘complexities’ with European production move
It comes as Oggs recently stopped producing its scrambled eggs alternative
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NewsSuperdrug sales up 6.6% over Christmas
Same-store like-for-like sales were up 5.1%, the health & beauty retailer said
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NewsOcado rollercoaster continues as shares soar on Christmas update
Ocado shares raced 13% higher to 305p following the update on Tuesday morning, with investors most likely focusing on the FY25 guidance promising further ‘market-leading sales growth and volume momentum’
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NewsInnocent slashes annual losses on factory ramp-up and market share gains
Innocent Drinks has slashed its losses after heavy investment in its new Rotterdam factory drove efficiencies amid rising sales and regaining market share
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NewsCity snapshot: Bakkavor and Deliveroo look strong while Poundland woes go on
Bakkavor grew revenue by 4% last year despite strike disruption. Also, Deliveroo see “encouraging signs” from its souped up loyalty scheme while Poundland’s struggles continue.
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NewsDeliveroo’s souped up loyalty programme giving aggregator app a boost
The app is also seeing ‘strong growth’ in grocery
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NewsMedia Bites 16 January: Carlsberg x Britvic, Guinness and Moet
It’s a drinks-themed round up this morning with the Carlsberg Britvic takeover and the ongoing Guinness shortage offering some light relief from this week’s focus on inflation and the UK economy
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NewsBakkavor revenue grows 4% despite strike-fueled shortages
The UK continues to be Bakkavor’s strongest performing market
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NewsTrip bolsters coffers with fresh celebrity investment
Investors include reality TV star Millie Mackintosh and supermodel Ashley Graham
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NewsMighty Slice nets almost £1m in fresh investment as Giles Brook backs high-protein cheesecake brand
Brook invested a significant chunk of the £750k round, alongside YouTuber Willne, who has more than seven million subscribers, and Harry Hugo, co-founder of influencer marketing consultancy The Goat Agency
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NewsThe Black Farmer secures seven-figure funding package to open store in White City
Set up by Wilfred Emmanuel-Jones in 2004, the business opened its first farm shop in Brixton at the end of 2023. It is now preparing to open a second retail outlet in the former headquarters of BBC Television in White City, west London
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NewsNichols on track to hit ambitious growth targets
Nichols set out ambitious medium-term growth targets in November, including revenue growth of 30% by 2029