All Finance articles – Page 57
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NewsCraft brewer Magic Rock set to call in administrators
Magic Rock’s sister brewery Fourpure was placed into administration in October
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NewsTyphoo Tea creditors owed £100m with PE owner taking large hit
Typhoo Tea owed creditors close to £100m at the time of its collapse late last year, with its private equity owner taking a massive hit, new documents from administrators have revealed
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NewsMedia Bites 7 January: golden quarter sales, Aldi’s ‘best ever’ Christmas, looming inflation
Underwhelming golden quarter retail sales figures from the BRC are dominating this morning’s headlines
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NewsCity snapshot: Record Christmas for supermarkets but Asda continues to struggle
Aldi and Lidl achieved their highest-ever Christmas market share as household spending in supermarkets hit a record high this festive period, according to new data published this morning. Plus, the BRC & KPMG publish December retail sales figures and Barclays publishes consumer spending report
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NewsCompleat Food Group’s revenues near £800m amid inflation recovery
The business has set an ambition to become the UK’s leading chilled prepared food group
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NewsAvocado giant Westfalia Fruit snaps up Belgian supplier Syros
Westfalia said the acquisition would enhance its presence in the European avocado product market
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NewsPrinces hits out at union as industrial action rumbles on
Unite warned strike action was ‘likely to lead to shortages in supermarkets and shops’
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NewsEmma Watson’s luxury gin brand Renais raises £5m for global expansion
Renais launched in May 2023 and has already entered the US market, as well as 11 other countries – with a distribution agreement in a further 22
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NewsDaylesford Organic owner pledges further ‘support’ as losses balloon
The business was owed nearly £3m by its supply base, according to latest annual accounts
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Analysis & FeaturesStock market review of 2024: who were the major risers and fallers in the City?
M&S and Greencore were among the City’s major winners for 2024, while Ocado and B&M had a tough year
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NewsMeadow Foods profits slow after sale to Fairfax Financial
Transaction costs of more than £3m from the sale reduced profits, however the underlying business remained ‘strong’, Meadow stressed
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NewsAldi posts record Christmas sales of £1.6bn
It capped another ‘astonishing’ year, in which Aldi overtook Asda to become the country’s second-largest supermarket by shopper numbers, the discounter said
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NewsMedia Bites 6 January: Ocado, budget fears and ‘fat cats’
Ocado gave short-sellers their biggest profit yet in 2024, due to its demotions from the FTSE 100
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NewsCity snapshot: price hikes set for 2025 as business confidence slumps
Businesses in the UK are preparing to hike prices in 2025 to deal with the “pressure cooker of rising costs and taxes”, according to a survey by the British Chambers of Commerce. Plus, looking ahead to the Christmas trading updates due this week
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Analysis & FeaturesDragons’ Den turns 20: how has it shaped fmcg entrepreneurship?
This January marks 20 years since Dragons’ Den first graced our screens on the BBC. From Levi Roots to Amelia Christie-Miller, founders look back on their experience in the Den and consider the show’s impact on the sector
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NewsDriver death fine puts cidermaker Westons in the red
Westons was fined £1.4m over two health and safety breaches that resulted in a fatality
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NewsMüller takes £65m hit to profits from Milk & More sale
The dairy giant stressed the Milk & More-linked losses were a one-off with the overall performance of the business in 2023 ‘strong’
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NewsLidl’s Christmas sales top £1bn for the first time after ‘record’ December
Lidl is the first UK supermarket to reveal its 2024 Christmas results
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NewsWholegood rescued from administration in deal saving 100 jobs
Wholegood founder and CEO Carl Saxton-Pizzie said the pre-pack deal marked a ‘fresh chapter for the company after a challenging year’
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NewsUK food and drink exports tumble more than 10%
The EU remains the UK’s biggest trading partner but sales to the bloc fell due to administrative burdens from Brexit