All Finance articles – Page 87
-
NewsCity snapshot: Grocery sales growth slows as food price inflation eases
Supermarket sales growth slowed to 5.3% during February as food price inflation continues to fall. Plus results from Greggs, Bakkavor and all the rest of this morning’s news from the City
-
NewsMedia Bites 5 March: Budget, Caffè Nero, EG Group
The papers focus on tomorrow’s Budget, with M&S boss Stuart Machin hitting out at the tax burden faced by retailers
-
NewsGrwth Club launches venture fund for fmcg startups
Grwth Ventures is founded by Joe Benn and Jake Higgins with a £5m cornerstone investment from media agency MNC
-
NewsSniffers Pet Care scores follow-on funding from PE backer Traditum
Pet treat supplier Sniffers Pet Care has secured an £850k investment to ramp up production at its Yorkshire factory
-
NewsEG Group sees full-year profits dip as fuel prices fall
Forecourt giant EG Group saw full-year profits dip last year on lower fuel prices and ‘oil volatility’
-
NewsKettle Produce continues operating at a loss despite turnover increase
The producer, which saw turnover rise by 10% to £161.7m, from £147m, said loss had continued due to a “range of challenging circumstances”
-
NewsMedia Bites 4 March: Ocado/M&S, Asda, chocolate prices
Are Ocado and M&S running out of road, asks The Times. M&S and Ocado could be heading for dispute over the terms of their JV
-
NewsCity snapshot: Treatt appoints David Shannon as CEO
Drinks ingredients supplier Treatt has appointed Shannon to fill the vacancy left by long-term boss Daemmon Reeve, who stood down at the end of 2023
-
NewsCity News: Reckitt Benckiser shares slump after ‘unsatisfactory’ results
Consumer goods giant Reckitt Benckiser saw its share slump this week as its 2023 sales underperformed City expectations following an “unsatisfactory” fourth quarter.
-
Comment & OpinionMorrisons is the elephant in the room of the M&A scene
Unconfirmed reports this week that Morrisons is exploring the sale of Rathbones are potentially embarrassing to Morrisons and to CEO Rami Baitiéh if true
-
NewsAldi salad supplier UK Salads appoints administrators
The Aldi salad supplier has appointed administrators, with The Grocer understanding that unsecured creditors will be owed as much as £10m
-
Analysis & FeaturesWhen will the price be right to get deal volumes moving?
Newlat’s exit from Princes takeover talks reflects a market in which deals are not getting done. What’s stalling activity, and will it pick up?
-
NewsNomad Foods predicts 2024 volume growth as frozen trend rebounds
The Birds Eye owner has surpassed expectations with a record financial performance last year, with the frozen foods giant forecasting a return to volume growth in 2024
-
NewsCity snapshot: Wincanton recommends new £762m offer from GXO
The board of British logistics giant Wincanton have recommended shareholders accept the new offer £764m from GXO after the US business gazumped French rival Ceva
-
NewsMedia Bites 1 March: Sainsbury’s, Ocado, Asda, UPF, Bud Light
In a busy morning of F&B news, the papers focus on job cuts at Sainsbury’s and a growing rift between Ocado and M&S
-
NewsHeura turnover boosted by Waitrose listing in 2023
Plant-based brand Heura has boosted turnover by more than 20% to €38.3m (£32.8m) in 2023, helped by growth of 81% in the UK as its listing in Waitrose bolstered the Spanish-headquartered business
-
NewsJollyes appoints Andy Bond as chairman as Asda co-owner TDR Capital takes majority stake
Asda’s PE backer TDR Capital has taken control of fast-growing petcare retail chain Jollyes, bringing in Andy Bond as chairman
-
NewsCity snapshot: Ocado remains in the red despite revenue rise
Ocado posted a £394m annual loss last year, despite a 9.9% rise in revenues as the cost of technology and rolling out its operations internationally continue to weigh on its bottom line
-
NewsMedia Bites 29 February: Ocado, Jollyes, Reckitt Benckiser, Just Eat Takeaway
Results from Reckitt Benckiser and Just Eat Takeaway are picked up by the papers, along with stories on Ocado and Jollyes
-
Comment & OpinionHas the economy really ‘turned a corner’ after January’s resurgence?
Economists remain divided on whether January signalled a turnaround for consumer spending and retailer sales, says Alex Lawrence, senior strategic insight director at Circana