All articles by Harry Holmes – Page 19
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NewsCity snapshot: DS Smith profits slip on cheaper packaging
In April, DS Smith agreed terms on a £5.8bn all-share takeover from US rival International Paper. Also, new data shows cash use has risen for the second year in a row.
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NewsCity snapshot: ‘Trump tariffs could rival Brexit damage’
Trump is threatening tariffs as high as 10-20%, rivalling the scale of non-tariff barriers that Brexit imposed on goods sales to the EU, according to a new study by the Resolution Foundation.
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NewsGreencore shares rise again as profits jump
Greencore’s profits saw healthy growth last year as the sandwich maker posted “stronger than expected” full year results.
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NewsGail’s Bakery sales surge ahead of rumoured buyout
Analysts have speculated the company could be worth up to £500m
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NewsCity snapshot: Lacklustre footfall strikes another blow to retailers
Retail footfall fell again as a later-than-usual Black Friday and low consumer confidence meant customers were hesitant to hit the shops. Also, Heineken launches plans to build the Gulf’s first major commercial brewery in Dubai.
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NewsNice Rice wins inaugural Future of Food award
Rice has the second highest emissions of any food after beef
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NewsCity snapshot: Remy Cointreau’s cost cutting helps limit profit slide
Remy Cointreau is cutting around €50m in costs this year to help limit its profits slide as sales continue to plummet in the US and China. Also, consumer confidence unaffected by last month’s budget, according to the British Retail Consortium.
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NewsJust Eat Takeaway to delist from London Stock Exchange
The Dutch business said the move would cut costs and complexity
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NewsCity snapshot: Just Eat to delist from London Stock Exchange
The move is a blow to the UK government which launched “the biggest set of reforms to listing rules in over 30 years” earlier this year to try and reinvigorate the country’s capital markets. Also, Pet at Home sales stutter amid an “unusually subdued” pet retail market
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NewsTunnock’s profits rebound despite cocoa shortage
Tunnock’s, the maker of its eponymous teacakes and caramel wafers, saw profits rebound last year despite high ingredients costs continuing to weigh on its bottom line
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NewsHattiers Rum seeks £1m investment from selected investors
The premium brand is eschewing traditional crowdfunding and trying to selectively engage with investors
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NewsNestlé turnaround plan gets muted market reaction
Nestle’s share price has sat in the doldrums of late and is down 23% since the start of the year
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Analysis & FeaturesBack to earth with a bump, why did Little Moons factory fail?
In an ‘unusual situation’, the mochi maker has u-turned on plans to switch all its production to a new factory in Kettering, leaving staff angry
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NewsCity snapshot: Consumer confidence improves in wake of budget
Businesses have warned that big tax rises in the budget will lead to job losses and pay cuts but that is having little effect on Brits’ mood. Also, the Competition and Markets Authority will allow more deals to go ahead to help boost growth.
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NewsCity snapshot: PZ Cussons steadies ship after Nigerian turbulence
Ahead of its AGM later today, PZ Cussons said it expects 5% like-for-like revenue growth in the first half of its financial year, largely led by growth in the UK. Also, Tereos profits fall due to lower prices for sugar and sweeteners.
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NewsThree-Sixty Aquaculture raises £3.5m for UK’s first sushi prawn farm
The business has developed the UK’s only indoor prawn farm with sales to commence in 2025
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NewsVirtue Drinks lands investment from James Watt and Eberechi Eze
The business has now raised over £5m since launching in 2016
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NewsMedia Bites 20 November: farming protests, FDF report, Wegovy
The newspapers are full of colourful accounts of yesterday’s protests in which 13,000 farmers took to the streets of Whitehall
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NewsToothpaste tablet maker Pärla closes in on £400k raise
The tablets are entirely plastic-free and can be chewed until they turn creamy
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NewsHuel sales and profits surge as UK expansion plans revealed
This year has been ‘transformative’ for Huel, according to its CEO