All articles by Harry Holmes – Page 2
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NewsRémy Cointreau cuts sales and profit goals amid China woes
Rémy and its European rivals are all caught up in deteriorating global trade tensions
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NewsFood prices fall at fastest rate in five years, says BRC
Confectionery was a key driver as tumbling global sugar prices helped lower manufacturing costs
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NewsUnilever beats expectations as turnaround takes shape
Unilever’s new strategy will focus more on beauty, wellbeing and personal care
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NewsCoca-Cola HBC buys African bottler for $2.6bn
Coca-Cola HBC supplies 28 markets including Northern Ireland and the Republic of Ireland
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NewsUnilever ice cream spin-off delayed by US government shutdown
Unilever initially planned to spin-off the business in mid-November
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NewsNestlé job cuts plan welcomed by investors
Nestlé’s plan to cut 16,000 jobs over the next two years may do little for staff morale, but was heartily welcomed by investors
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NewsNestlé to cut 16,000 jobs as new boss accelerates turnaround
“The world is changing, and Nestlé needs to change faster,” said Nestlé’s new CEO
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NewsPernod Ricard remains hopeful despite sales falling again
Pernod’s share price is already down by a third over the past year
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NewsOnline food shop returns to Covid-era popularity
Online now has its highest market share since March 2022
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NewsTHG delivers strongest quarter in four years
THG returned to the FTSE 250 last month after an upgrade by JP Morgan
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NewsBrits cut spending ahead of November budget
Two reports out Tuesday suggest shoppers are growing more cautious
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NewsUpper Crust owner launches £100m share buyback amid takeover rumours
An activist investor is reportedly encouraging private equity groups to launch a takeover bid
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NewsB&M launches ‘decisive’ turnaround as profits fall again
The discount retailer is under pressure due to declining profits and stagnant growth
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NewsTesco raises profit guidance after strong summer sales
Britain’s biggest supermarket cut its profit guidance earlier this year due to a looming price war
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NewsBeyond Meat shares hit all-time low over plan to wipe out $800m of debt
The announcement drove the company’s share price down 36% on Monday
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NewsMicrosalt cuts losses as scale ramps up
Microsalt previously cut its sales forecast due to the US ban on food dyes
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NewsAG Barr’s profits fizz after hiking prices
AG Barr’s profits surged 20% in the first half of the year off the back of rising prices and better operating margin
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NewsNon-food prices push up inflation in September
Food inflation held steady at 4.2%, ending seven months of successive growth
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NewsPets at Home recruits new CFO from PZ Cussons
The retailer is rebuilding its top team amid declining sales
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NewsHilton Foods sells Fairfax Meadow to Sysco for £54m
Hilton bought the business in 2021 to help it expand into foodservice