All articles by Harry Holmes – Page 11
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NewsCity snapshot: Gen Z drives bump in consumer confidence
Brits are feeling more optimistic about their personal finances and therefore expect to spend more over the next three months. Also, Cranswick raises revenue targets
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NewsCity snapshot: Pfizer completes £2.5bn Haleon exit
Pfizer still owns about 7.3% of the company, making it the largest shareholder. GSK sold its remaining stake in May last year
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NewsWhen in Rome crowdfunds once again to fund ‘pioneering’ wine tech
Sustainable wine startup When in Rome has returned to the crowd as it looks to fund a lower alcohol range and deploy “pioneering” climate technology on its vineyards
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NewsCity snapshot: Supermarket shares take £4bn hit over Asda price war fears
The value of Tesco, Sainsbury’s and Marks & Spencer has plummeted by more than £4bn since Friday amid fears Asda will launch a vicious price war to win back customers
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NewsDeliveroo shares stall despite first-ever profit for food delivery group
Deliveroo’s share price fell by as much as 8% as the group pushing back its earnings target despite making it’s first-ever profit
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NewsDiageo pulls out of Distill Ventures accelerator as part of strategic reshape
Diageo has invested over £245m in more than 35 businesses through the Distill programme
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NewsCity snapshot: John Lewis scraps bonus as Deliveroo records first ever profit
The retailer scrapped the bonus for the third year in a row despite tripling its annual profits. Also, Deliveroo goes into the black for the first time
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NewsDeliveroo records first-ever annual profit
Deliveroo co-founder and CEO Will Shu said the results show the company’s ‘strategy is working’
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NewsJollyes falls into the red after Asda owner buyout but sales growth remains healthy
Asda owner TDR Capital bought a majority stake in pet retailer Jolleys last year
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NewsCake Box agrees buyout of Asian sweet seller Ambala Foods
The deal consists of £16m for Ambala itself and £6m for its manufacturing facility
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NewsCity snapshot: Cake Box to buy Ambala Foods with £7m of new shares
Ambala is a family-run manufacturer and retailer of Asian sweets. Also, Applied Nutrition announces joint business plan with Holland & Barrett
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NewsCompleat Food Group buys The Real Yorkshire Pudding Company
It is the latest milestone in the company’s ongoing spending spree
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NewsVimto eyes breakfast space to help fulfil growth ambitions
Owner Nichols is aiming to grow revenue by 30% over the next five years
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NewsCity snapshot: Vimto and Domino’s both deliver profits boost
Vimto owner Nichols saw profits jump after it switched to a higher-margin model in Africa. Domino’s profits grew but its situation remains sticky
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NewsVimto owner Nichols sees profits leap after African strategy shift
Nichols said it is switching to selling higher-margin concentrate in its African markets
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NewsGreggs shares sink on news of more flakey growth
Greggs took a hammering on the markets this week as investors were alarmed at the high street bakery chain’s continued slowdown in sales
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NewsPukka Pies profits decline amid attempted £100m sell-off
Pukka kicked off a process to potentially sell the business early last year
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NewsCity snapshot: Reckitt Benckiser shares down 2% after annual results
Reckitt Benckiser saw revenue and profit both fall last year as it looks to gather momentum with its turnaround. Also, Barry Williams is made permanent MD of Poundland
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NewsRadnor Hills doubles profits after convenience launch
Radnor Splash launched a new range this month to try and boost its presence in convenience stores
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NewsReckitt Benckiser sees sales and profits fall amid turnaround
Reckitt Benckiser’s shares hit an 11-year low in July but a turnaround strategy in the summer has seen it regain momentum