All Finance articles – Page 55
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NewsGenius Foods bailed out by owner after losses mount
Katjes has sought to initiate a turnaround at Genius since buying the business in 2022, but has struggled to make much headway
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NewsMedia Bites 10 April: Trump’s tariff turnaround, hiring scaled back and Unilever salary backlash
Rachel Reeves is not backing calls for the UK government to launch a “buy British” campaign in response to tariffs
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NewsTesco slashing £500m of costs as price war escalates
Tesco is cutting an additional £500m of costs amid escalating costs and falling profits, saying it needs the ‘flexibility and firepower… to respond to current market conditions’
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News‘Act decisively’ to protect food’s £37bn contribution, government urged
The Powering Communities report highlights the economic contribution of the industry stretching across every region of the UK
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NewsMedia Bites 9 April: Aldi overtakes Asda and Trump tariffs fallout
The news continues to be dominated with the fallout from Trump’s trade tariffs, while Aldi has overtaken Asda on food and drink sales for the first time
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NewsCity snapshot: KKR nears €2.5bn deal for Karo Healthcare
A deal would be counter to the downbeat mood following Donald Trump’s decision to place tariffs on almost every country
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NewsArla and German dairy giant DMK announce plans to merge
The merger ’represents a union of shared values and complementary strengths’, the pair said
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NewsHome-cooked dogfood company Different Dog raises £10m
The £10m will be used to build a new ‘state-of-the-art facility’ in Telford, the ‘dog capital of the UK’
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NewsDiageo swaps US Cîroc rights for stake in LeBron James’ Lobos 1707 tequila
Diageo will retain the rights to Cîroc in global markets including the UK
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NewsEco cleaning brand Smol edges closer to profitability
Smol has prioritised growth since it raised $34m in a series B round in 2021
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NewsMedia Bites 8 April: recession fears, largest Cadbury Creme Egg, matcha shortages
Much of today’s press continues to focus on Donald Trump
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NewsCity snapshot: Hilton Foods’ profits up 15% off strong volume growth
The business is set to expand its international presence with a launch into Saudia Arabia next year
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NewsDistressed craft brewers ‘not attractive’ acquisition targets, insolvency firm warns
Many craft breweries in recent years have been sold for valuations far below those given in previous fundraising founds
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NewsCity snapshot: Applied Nutrition’s revenue grows on strong UK demand
The company said it did not expect to be materially impacted by US tariffs as it has ‘a number of options’ to mitigate the impact
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NewsMedia Bites 7 April: tariffs, Tesco, Asda, ABF, Kellogg’s
The trade war kicked off by US president Donald Trump resulted in near-total domination of the media’s business reporting this weekend. Markets opened in the Far East and the ’bloodbath’ in the financial markets is getting worse
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Comment & OpinionTrump’s ‘Liberation Day’ tariffs are merely an amuse-bouche
The consensus in the trade (and the City) is that UK food and drink suppliers have got off lightly when it comes to exports
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NewsEgg giant Eurovo enters the UK with purchase of Two Chicks
Eurovo is one of the largest European egg producers, sold in over 40 countries and with annual sales over €1.25bn
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NewsCity snapshot: British food stocks provide safe haven amid market rout
As the FTSE 100 fell around 1.5% yesterday, several fmcg stocks were up around 3%. It was a different picture, however, across the Channel
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NewsControversial Cranswick ‘mega farm’ plans rejected by local council
Councillors rejected the plans due to its impact on ecology and climate change
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NewsSierra Tequila owner Stock Spirits buys UK distributor The Drinks Company
The deal will bring UK distribution of Sierra Tequila – the number one tequila in the off-trade – under Stock Spirits’ direct control