All Finance articles – Page 9
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NewsAuthentic Food Group falls to £3.5m loss due to ‘unprecedented’ challenges
The world foods manufacturer said it had been faced with “unprecedented political, economic and market challenges”
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Upfield profits slump after Unilever spin-off
An Upfield spokesman said the results reflected “necessary one-off restructuring costs”…
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City snapshot: Associate British Foods expects sugar recovery and grocery growth
Associated British Foods reiterated its outlook of further profit and margin growth in its Grocery division, as well as strong Primark performance and a recover in its struggling Sugar unit
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Media Bites 6 Nov: Food prices, Eddie Stobart, Wine regions
Food prices have reached their highest point in two years last month, Eddie Stobart is on the brink of collapse and wine collectors turn to the Italian hills
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Scotbeef sales rise on UK growth as exports suffer
Annual sales rose 5.2% at beef and lamb supplier Scotbeef driven by positive growth in the UK as international revenues dropped
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The Vegan Kind prepares fundraising campaign for expansion push
The online vegan supermarket will launch a Seedrs campaign at the end of January, seeking £500k to scale up
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Spirit group Moose raises €2.5m in first ‘major’ funding round
Botanical spirit maker Moose has raised €2.5m from a group of strategic investors including former Diageo CEO Paul Walsh
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City snapshot: DS Smith reports sales and profits jump despite ‘difficult’ conditions
FTSE 100 packaging firm DS Smith grew revenues by 4% in the first half of the financial year, reporting a “record” performance despite economic headwinds
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Media Bites 5 Dec: Iceland, Morrisons, Services sector
Analysts have warned Iceland could face troubles repaying its £750m debt pile and might be forced to refinance.
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City snapshot: Morrisons promotes Trevor Strain to COO role
Morrisons commercial chief Trevor Strain has been appointed as chief operating officer in a move which sees trading director Michael Gleeson become chief financial officer
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Media Bites 4 Dec: Amazon deforestation, Quorn, Argos
Companies including Tesco, Asda, Carrefour and LGIM urged the Brazilian government on Tuesday to protect the Amazon rainforest.
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Prima Cheese profits rise on reduced wastage
Gross margins rose 24% due to ‘reduced wastage and increased margin per box’
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Media Bites 3 Dec: Ocado, Christmas Dinner, Just Eat, Tariffs
Ocado’s latest bond issue sparked a share sell-off as analysts and investors were split over whether the company would have been better off relying on cash from shareholders
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City snapshot: UK retail sales pick up in November amid Brexit respite
On a total basis, adjusted for the later timing of Black Friday, sales rose 0.9% in the four weeks to 23 November
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Salcombe Distilling Co smashes fundraising target to fund US launch
The gin brand is planning to launch in the north east of the US early next year
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Value of global food M&A activity spikes in third quarter
In the third quarter the total value of food industry M&A deals rose 95% over the previous three-month period
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Appleby Westward picks up convenience store chain Denovo Retail
Southampton-based Denovo operates 15 c-stores and two forecourt sites
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Meatless Farm Co hires ex-Lidl CEO Jesper Højer as new chairman
The Dane stood down as Lidl’s CEO in April
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City snapshot: Ocado launches £500m bond offer to fund global growth
Ocado has announced the launch of a £500m corporate bond offering to help fund the global expansion of its Ocado Solutions business.
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Media Bites 2 Dec: Ocado, Black Friday/Cyber Monday, Aldi
Ocado shares soared on Friday after it made its first move into Asia by striking a deal with Japanese retailer Aeon to develop its online business
