All articles by Harry Holmes – Page 15
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NewsCity snapshot: Fever-Tree shares up 16% after Molson Coors buys stake
Molson Coors is buying a 8.5% stake in Fever-Tree for £71m as part of a long term partnership in the US, Liberation Labs closes a $50.5m fundraise, and retail crime hits all time high.
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NewsMolson Coors buys 8.5% stake in Fever-Tree as part of US tie-up
Fever-Tree co-founder and CEO Tim Warrillow called it a ‘transformational step’
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NewsDiageo sells Cacique rum to La Martiniquaise
It’s the second brand sold by Diageo in six months
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NewsCity snapshot: WH Smith high-street sales slides but Morrisons is on the up
WH Smith’s high-street stores saw sales fall 6% as the company gears up for a potential sell-off. Morrisons delivered its strongest quarter for almost four years
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NewsNaked Wines give investors first glimpse of possible turnaround
Naked has pivoted away from attracting customers through heavy discounting
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NewsWH Smith high street sales down 6% ahead of potential sell-off
The retail chain has confirmed it is in talks to sell its high street business to focus exclusively on the Travel division
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NewsIsla Délice picks up German-halal brand Gurkan
Isla Délice also own Takul, one of the UK’s fastest-growing halal brands
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NewsDot Dot Bubble Tea wins backing on BBC’s Dragons’ Den
Dot Dot is now focused on securing listings in Waitrose, Sainsbury’s and Tesco
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NewsDeliveroo funds ‘Airbnb for bike parking’ to combat bike theft
Hudjo was started after its two co-founders had their bikes stolen while working as Deliveroo riders
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NewsCity snapshot: Pets at Home revenue slide continues while AG Barr fizzes
Pets at Home’s revenue drop in the third quarter. AG Barr sees double digit profit growth, and shop prices down for second consecutive month.
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NewsAG Barr profits rebound as core brands fizz
Rubicon was the stand-out performer with another year of double-digit growth.
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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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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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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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NewsGermany’s Formo raises €35m to scale up lab-made cheese
This latest round of funding brings Formo’s total financing to over €135m.
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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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NewsCity snapshot: Wetherspoons urges Starmer to tackle supermarket tax inequality
Wetherspoons boss Tim Martin said the rise in minimum wage, business rates, and national insurance in last year’s budget will cost the pub chain extra £60m per year.
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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