All articles by Harry Holmes – Page 13
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NewsMosa Meat races past crowdfunding target in latest lab-grown beef push
It comes after the lab-grown meat pioneer raised $40m in an oversubscribed round last year
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NewsOatly upbeat on profitability despite missed targets
Oatly has executed a significant transformation in the past two years
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NewsJoe & Seph’s losses bulge in post-pandemic evolution
The gourmet popcorn maker said it is now back in the black and forecasting sales to grow over 20% next year
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NewsCity snapshot: Heineken reassures investors with strong results
Heineken says it is set for growth this year after beating its own profit growth guidance in 2024 thanks to a boost in beer sales. Also, Ella Mills buys Allplants brand from administration
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NewsHeineken beats profit forecasts as beer sales pick up
The world’s second-largest brewer saw beer sales return to growth having taken a hit the year before
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NewsCoca-Cola beats estimates as global demand rises
Its rival PepsiCo posted its third consecutive quarter of missed revenue forecasts last week
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NewsHain Celestial cuts forecasts after another poor quarter
Hain is now exploring a sale of its personal care business, made up of brands including Avalon Organics and Alba Botanica
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NewsCity snapshot: PZ Cussons shares up 11% despite profit plunge
The owner of Carex and Imperial Leather saw pre-tax profits fall 24% due to a huge depreciation in the Nigerian naira. Also, shoppers are trading down into own label ahead of more anticipated price hikes
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NewsPZ Cussons offers signs of hope amid Nigerian damage
After an eye-watering slide for the Nigerian naira, the currency is now enjoying a run of relative stability
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NewsKellanova’s profits surge ahead of Mars takeover
Mars’s takeover is imminent after the deal was approved by Kellanova’s shareholders
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NewsDiageo share price hangover drags on as tariff threat looms
Diageo gave a sobering read on Donald Trump’s burgeoning tariff war this week, blaming the White House for threatening to derail its recovery from a protracted post-Covid hangover
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NewsRiverford Organic Farmers doubles profits as Brits demand sustainable veg
The veg box company grew turnover 11% back to its Covid high water mark
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NewsCity snapshot: Carlsberg and Pernod Ricard both narrow sales outlook
Carlsberg saw volumes decline in two of its three major markets while Pernod Ricard is battling Chinese tariffs. Also, catering giant Compass Group reports quarterly results.
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NewsPernod Ricard cuts sales outlook due to Chinese tariffs
Sales in China fell 25% with sharp declines on Martell and Royal Salute whisky
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NewsMondelez expects drop in earnings due to ‘unprecedented’ cocoa costs
The chocolate maker’s share price is down almost 30% over the past year
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NewsCity snapshot: Obesity drug Wegovy up 50% plus fruit & veg sales soar
Its a healthy morning as Novo Nordisk says sales of its obesity drug, Wegovy, rose 57% last year while Brits are buying more fruit & veg to stay healthy and keep costs down
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NewsNew year health kick sees fruit & veg sales rocket
Half of all UK households now say they cook from scratch most days
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NewsTony’s Chocolonely sales hit €200m but losses mount due to record cocoa prices
The strong growth came amid a tumultuous year for chocolate makers as cocoa prices hit record highs
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NewsPepsiCo misses sales forecasts due to weak US demand
Shares in the company fell 2% in pre-market trading
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NewsCity snapshot: Diageo’s shares slip after scrapping sales forecast
Diageo shares have slipped in early trading after the drinks giant issued a crucial set of half-year results. Also, supermarket sales keep rising in January