All Finance articles – Page 527
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Fever-Tree to take on Coke in US dark spirits battle
Premium mixer brand Fever-Tree is targeting winning market share from the North American soft drinks giants as it looks to build the US into its largest market.
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Hops specialist Charles Faram secures £6m bank funding to meet growing US demand
Hops merchant Charles Faram has expanded its presence in the US to fuel the craft beer boom after securing a £6m bank funding package.
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2 Sisters blames rising input prices for £2.5m loss
2 Sisters slipped back into loss in the second quarter as rising input prices slashed margins at the UK food giant
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Fever-Tree shares lose momentum on 'encouraging' growth
Fever-Tree became a victim of its own success this week as shares lost some sparkle on Tuesday
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City snapshot: Higher input prices hit profits at 2 Sisters
2 Sisters Food Group owner Boparan has reported a £2.5m loss in the second quarter to 28 January despite a rise in like-for-like sales
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Media Bites 23 March: Consumer confidence, UK retail, Tesco/Heineken
Rising inflation has sent household confidence into a decline that threatens to drag down the economy, separate surveys have warned.
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MBO at Park Cakes provides exit for Vision Capital
Own-label cake manufacturer Park Cakes has been sold by private equity owner Vision Capital to the business’ management team for an undisclosed amount.
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90 jobs lost as £9m supermarket potato supplier collapses
A supermarket potato supplier has collapsed after the loss of a major contract, with 90 staff made redundant.
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Tesco overhauls beers, wine and spirits to give more space to craft and own label
Tesco says the changes “better reflect the way customers shop”
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Media Bites 22 March: Inflation, Fever-Tree, Waitrose
News that inflation hit its highest level since 2013 dominates the business pages this morning. Plus, Fever-Tree eyes new markets after sales and profits fizz in 2016.
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City snapshot: General Mills suffers sales and profits slump
Sales plunged 5% to $3.8bn at General Mills in the third quarter as the US food giant struggled to adapt to changing consumer tastes.
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Apetito to boost manufacturing capacity with £31m investment
Wiltshire Farm Foods owner Apetito is to create 40 new jobs and grow its manufacturing footprint with a £31m investment in its Trowbridge, Wiltshire base.
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Food & drink entrepreneurs set for export mission to Paris as Article 50 is set to be triggered
A delegation of independent food and drink entrepreneurs are set to explore the growing French taste for British produce in a trade mission to Paris next week - just two days before the triggering of Article 50.
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Sterling slump causes 14% drop in Coca-Cola European Partners' British sales
The recently formed Coca-Cola European Partners saw sales in Great Britain slide by 14% once translated into euros in 2016 as the collapse in the value of the pound hit reported revenues
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Aduna smashes £325k funding target as demand for African-inspired food and drink grows
Health food brand Aduna has hit its £325,000 crowdfunding target just two days after launching the campaign to raise cash for the next stage of growth.
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Gousto offers staff shares to 'create a culture of owners'
The one-off share option will be rewarded to Gousto employees who have worked for the company for at least six months
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Imperial Brands and JTI confirm Palmer & Harvey stake talks
According to Sky News, the tobacco giants are considering investing tens of millions of pounds into P&H…
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UK food prices return to inflation according to official statistics
The price of UK food and non-alcoholic drinks rose 0.3% in February after 31 consecutive months of decline, according to the Office of National Statistics.
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Media Bites 21 March: Palmer & Harvey in talks with two tobacco giants over sale of stake
Two of the world’s biggest tobacco manufacturers are in talks about a deal to shore up the finances of Palmer & Harvey, according to reports. Plus, the rest of the day’s news, including Tesco international shake-up and Finsbury teaming up with mary Berry.
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City snapshot: Fever-Tree sales and profits continue to soar as UK growth accelerates
Revenues at posh mixer brand Fever-Tree fizzed another 73% higher in 2016 to £102.2m, driven by accelerating growth in its domestic UK, helped by a new listing with Asda.