All Finance articles – Page 69
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NewsDiageo rules out Guinness sale following offload rumours
Diageo said it had ‘no intention’ to offload Irish stout brand Guinness or its stake in Moët Hennessy
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NewsDiageo said to be ‘considering Guinness sale or spin-off’
Guinness has been a bright spot in a challenging period for Diageo
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NewsCity snapshot: Consumer confidence sinks and more businesses teeter on the edge of collapse
Confidence in the UK economy has plummeted as consumers worry about ‘dark days’ ahead, according to a closely watched survey out this morning. Plus, there has been a ‘worrying surge’ in the number of UK businesses entering ‘critical’ financial distress in the final quarter of 2024
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NewsMedia Bites 24 January: Sainsbury’s job cuts, traditional wines, BrewDog
Sainsbury’s news of 3,000 staff roles being cut to save £1bn has taken the nationals by storm
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NewsInnovatus and Babco merge to create spirits ‘powerhouse’
The combined company offers a broader range in its premium portfolio, bringing together Horse Guards Gin, Barentsz Gin, Pedrino Spritz and Wing Walker Rum (Innovatus) and Neptune Rum and Tofka toffee vodka (Babco)
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NewsSurya and Veetee hire advisors to explore strategic options
The Grocer has learned Surya engaged Grant Thornton and Veetee hired Goldman Sachs last year
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NewsPremier Foods share price gains continue thanks to strong Christmas
Premier Foods’ continued recovery looks to have assured investors it is fighting fit as markets increasingly back the group’s roster of brands
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NewsChapel Down boss credits ‘deep’ promos for festive sales boost
Promotions helped Chapel Down boost off-trade sales in the second half of 2024
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NewsBarry Williams returns to Poundland to address crisis
It is understood Williams has returned in a supervisory role on an interim basis to run a comprehensive assessment of Poundland
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NewsBramble Foods acquires Whitakers to expand chocolate offering
The strategic move strengthened the Bramble Foods offering, uniting two family-owned brands with ‘a shared commitment to quality and heritage’, the group said
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NewsProcter & Gamble beats estimates as shoppers buy more
Net sales rose 2% in the three months to 31 December, the biggest increase in three trading quarters.
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NewsCity snapshot: ABF in choppy waters while Chapel Down shows signs of hope
Associated British Foods has cut its guidance for Primark in 2025 while THG says it’s on track after the demerger of its Ingenuity business. Chapel Down posts strong Christmas to offset tough year.
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NewsFood & drink deals boosted by budget tax worries in 2024
M&A activity in food & drink picked up significantly in 2024, with volumes driven higher in October as businesses raced to push through deals ahead of anticipated budget tax hikes by Rachel Reeves
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NewsTHG predicts growth in 2025 following Ingenuity demerger
Sales at THG have fallen in the final quarter of 2024 as the group completed its demerger of the Ingenuity platform
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NewsChapel Down hails ‘strong Christmas’ with off-trade sales recovery
Supermarket sales have improved after a dismal first half showing
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NewsAssociated British Foods cuts guidance due to tough UK market
Morgan Stanley and Citi both lowered their ratings on ABF this week due to concerns over Primark’s sales outlook
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NewsCompetition watchdog chair replaced by ex-Amazon boss
The competition watchdog failed to convince ministers it was sufficiently focused on growth
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NewsBrewDog founder James Watt launches Dragons’ Den-style reality TV show
The £2m prize was ’the largest in UK television history’, Watt claimed
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NewsAlphaPet Ventures adds JR Pet Products to growing roster
The acquisition is AlphaPet’s fourth since 2020 as it looks to become a leading provider of premium petfood
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NewsCooks Coffee UK expansion gets off to slow start
The owner of Esquires Coffee set out plans last year to hit 305 stores by 2035