All Finance articles – Page 44
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Analysis & Features
The Top 150 UK Food & Drink Supplier Rankings & Report 2024
Almost half the UK’s 150 biggest food and drink manufacturers increased sales by 10% or more in 2023 – but margins are still being squeezed. What next for the ‘recovery phase’?
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News
Budget soft drinks sugar tax hike welcomed by campaign groups
The tax is currently applied at two different rates: 18p per litre for drinks with between 5g and 7.9g of sugar and 24p per litre for drinks with 8g or more
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News
Media Bites 1 November: more budget reaction, Amazon, Mars, Harrods, Aldi
Friday’s press continues to be dominated by reaction to the first Labour budget for 14 years, and, perhaps unsurprisingly, many of the leading UK publications are unsympathetic
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News
City snapshot: Branded growth outpaces cheaper own label - OC&C 150
Sales at the biggest 25 branded players in UK fmcg increased by almost a fifth in 2023 as new analysis by OC&C revealed that Britain’s largest food brands held back competition from cheaper own-label alternatives
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News
Top 150 food and drink brands fight off own-label challenge
Revenues at the UK’s top 25 branded companies grew 19% in 2023, ahead of a grocery average of 9.3%, O&C analysis of the top 150 UK food & drink suppliers found
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News
Fmcg shares crash as investors stress over budget pressure for industry
Investors gave a big thumbs down to chancellor Rachel Reeves and the first Labour budget for 14 years as the FTSE 100 sank and shares across fmcg suffered a mass sell-off
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Comment & Opinion
The budget has set the stage for a tough business environment
Many businesses will be counting the cost of the triple-whammy of higher National Insurance contributions, lower thresholds, and a whopping increase in the national living wage, says Ian Wright, co-chair of the Food & Drink Export Council
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News
Craft beer has abused crowdfunding ‘cash well’, claims Pressure Drop
Brewers have used crowdfunding to hide unsustainable practices, co-founder Sam Smith said
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Comment & Opinion
Alcohol duty rise will pile yet more pressure on hospitality
The increase will not only push up the price of a tipple but will also stifle growth, says Nick Gillett, MD of Mangrove Global
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News
‘Shafted’ farmers dismayed by budget tax hikes warn of price increases
Chancellor Rachel Reeves’ first budget has been slammed by the farming sector for its ‘betrayal’ over tax hikes
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News
Food Thoughts acquires Doisy & Dam from Nurture Brands to create new confectionery proposition
Food Thoughts has acquired vegan confectionery challenger Doisy & Dam from Nurture Brands to expand the ethical home baking brand into a new category
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News
Manilife invests £1m in new factory as a platform for growth
The new 13,500 sq ft site in Derbyshire – set to start production in the first quarter of 2025 – has capacity to store up to six billion peanuts, equating to 15 million jars of peanut butter
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News
City snapshot: Volumes fall at AB InBev and Carlsberg amid tough consumer backdrop
Volumes at brewing giants AB InBev and Carlsberg have declined in the third quarter, with both groups coming in below market expectations. Plus, Sainsbury’s sells Argos credit card business, Ocado appoints new chairman and Q3 updates from Haleon and Coca-Cola HBC
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News
Media Bites 31 October: Budget reaction, Kraft Heinz, Starbucks
Unsurprisingly, the front-pages this morning are all about Rachel Reeves’ first budget
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News
Your reactions to the new government’s £40bn tax-raising budget
Readers of The Grocer share their opinions on how the autumn budget will affect their areas of industry
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News
Convenience stores to bear £666m in extra costs from new budget
The ACS said the impact would be felt “unevenly” across the UK’s 50,000 convenience stores
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News
Ryan Reynolds and Rob McElhenney acquire stake in Wrexham Lager brewery
The duo will run Wrexham Lager Beer Co alongside current owners the Roberts family
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Comment & Opinion
Labour’s budget gamble leaves businesses scrambling for cash
Labour is hoping it can both raid corporate pockets and simultaneously stimulate growth
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News
Panesar Foods acquired by Finnish multinational Paulig
Founded in 1992, Tipton-based Panesar produces sauces, salsas and condiments for the speciality whole foods sector in the UK and overseas
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News
Graham’s The Family Dairy reports boost in profit, driven by rise in sales volumes
The supplier saw sales increase across conventional and new products including its high-protein lines