All Finance articles – Page 54
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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
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NewsDavid Kennedy leaves EY to join Science Based Targets initiative as CEO
The former director general for Defra was also the founding chief executive of the UK’s Climate Change Committee
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NewsDistil hit by spirits downturn as shoppers save cash over Christmas
Embattled spirits supplier Distil suffered a massive drop in sales in the run-up to Christmas as shoppers prioritised spending and traded down to own label
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NewsCity snapshot: UK food inflation remains steady at 2%
It should ease pressure on Rachel Reeves but business groups continue to warn of higher prices later in the year. Also, Nichols posts strong UK growth and Fuller, Smith & Turner reports ‘excellent’ Christmas
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NewsFortnum & Mason to launch loyalty scheme as profits soar
The ‘royal’ grocer Fortnum & Mason wants to capitalise on a ‘desire for a sense of belonging’ from its ‘best’ customers, said CEO Tom Athron
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NewsBrown-Forman to shed 650 staff in global restructuring
The Kentucky-headquartered company is also closing its Louisville-based barrel-making operation
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NewsLindt sees strong growth as price hikes offset record cocoa prices
Lindt said it was ‘a challenging year characterised by record-high cocoa costs’