All Finance articles – Page 500
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Hiver launches £350k crowdfunding push to finance expansion
It is offering 8% of its equity via the campaign to finance the expansion of its HQ team and an annual brand push
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Overhang asks crowd for £150k to grow energy drink brand
Drinks start-up company Never Felt So Good is seeking a £150,000 investment from the crowd to grow its Overhang energy drink brand.
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Jerome Chevrier to lead Spar International Chinese business
Chevrier has previously managed Carrefour’s regional operations in China
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Moy Park sold to US chicken producer Pilgrim's Pride in $1bn deal
Moy Park has been sold by its scandal-hit Brazilian owner JBS to Pilgrim’s Pride, the second biggest poultry producer in the US
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Isle of Harris Distillers wins funding for whisky development
The first batch of its ‘The Hearach’ Scotch is expected to be bottled from late 2020…
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Tulip expands UK base with acquisition of Easey Holdings
Danish Crown-owned Tulip completed the acquisition on 8 September, subject to CMA approval
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David Caré joins Wessanen as international sales director
Caré joins from Nando’s, where he was director of international business development
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City snapshot: ABF buys Italian balsamic vinegar producer Acetum
Associated British Foods has acquired Acetum, an Italian producer of balsamic vinegar of Modena, as it upgrades its full-year earnings forecast due to the weak pound.
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Media Bites 11 Sep: Sainsbury's, Morrisons, Dairy Crest
Sainsbury’s is kicking off a search for a successor to David Tyler, its long-serving chairman, according to Sky News.
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Nestlé hopes to tap vegan boom with Sweet Earth acquisition
Nestlé is the latest global fmcg giant to snap up a plant-based food business as it hope to re-energise flagging sales by tapping booming consumer demand for vegetarian and vegan products.
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McBride bounces back from bruising price war
Own-label supplier McBride was an early victim of the supermarket price wars as heavy branded discounting squeezed sales, but the household goods supplier appears on the way back.
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Love Cocoa taps crowd to restore Cadbury values
James Cadbury launched his organic chocolate startup in July 2016
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Typhoo faces second year of decline in flagging black tea
Typhoo and PG Tips both suffered delistings in the past year at Tesco
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City snapshot: Supermarket price inflation remains at 2.4%
Supermarket price inflation remained at its four-year high of 2.4% last month, with Tesco recording the largest increase in year-on-year prices. Plus Greene King’s share price plunges on warning over trading conditions, Diageo kicks off £1.5bn share buyback and all the latest news from the City.
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Media Bites 8 Sep: Nestlé, Unilever/Pukka, P&G, Tesco
Nestlé and Unilever have sought to respond to rapidly changing consumer tastes with separate purchases of two niche companies in voguish consumer goods sectors.
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Rise in food and drink firms gunning for export growth in wake of Brexit
Food and drink producers are more optimistic about their growth prospects than they were a year ago as they plough more investment into expanding their businesses overseas in the aftermath of the UK’s decision to leave the EU, according to an annual industry report.
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Meat, fish & poultry keeps inflation at four-year high
Rapidly rising protein prices are keeping supermarket inflation at four-year highs, according to the latest Grocer Price Index
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Unilever snaps up fast-growing tea brand Pukka Herbs
The deal for an undisclosed sum ’came down to scale and sustainability’ said Pukka
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Media Bites 7 September: Asda, Reckitt Benckiser, Brexit
Asda’s decision to axe almost 300 jobs at its head office as part of a cost-cutting drive makes the papers this morning.
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City snapshot: McBride sales slump in competitive markets
Revenues at McBride fell by £44.5m – or 5.9% – to £705.2m, with household sales lower by 5.8% and personal care & aerosols down 6.3%, as the household goods manufacturer completed the first stage of its ‘Repair, Prepare, Grow’ strategy. Plus, Imperial Brands raises £231m in sell-down of share in Logista.