All articles by Harry Holmes – Page 4
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NewsGreggs delays hire of former WH Smith CFO over accounting scandal
Robert Moorhead asked to defer his appointment as Greggs non-exec until an independent review is completed
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NewsPernod Ricard sales drop due to US and China uncertainty
Pernod has been a collateral victim of global trade wars for almost a year, first hit by China and then the US
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NewsKeurig Dr Pepper buys JDE Peet’s to create new coffee giant
The deal will lead to the split of the combined group’s coffee and soft drinks units
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NewsFood inflation hits 18-month high driven by eggs and butter
The price of staples like butter and eggs shot up due to high demand, tightening supply, and increased labour costs, said the BRC
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News‘Dinner for tonight’ drives grocery growth as Brits stay home
Brits are increasingly favouring healthier, home-cooked meals over dining out, according to NIQ
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NewsUK inflation accelerates amid higher food prices
Food and drink prices have risen 4.2% compared with a year ago, their fastest rate in 18 months
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NewsFood brands overcome inflation to outpace own label
It is the largest gap in favour of brands since March last year
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NewsMicrosalt cuts sales forecast over US food dye ban
It is the latest problem for the startup this year after unauthorised debt repayments of $500k sent shares plummeting
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NewsHelloFresh cuts profit forecast as sales fail to deliver
HelloFresh’s share price has already fallen around 30% so far this year and almost 90% since its peak
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NewsCarlsberg growth propped up by Britvic acquisition
The Danish brewer is several facing struggles such as weak demand, tariffs and poor weather
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NewsHigher food sales ‘barely touching the sides’ of extra labour costs
Rising food inflation meant increased spending was more due to higher prices than rising demand
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NewsUK companies cut back on hiring over tax and labour costs
The Bank of England is watching the jobs market closely as it weighs up further rate cuts
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NewsDeliveroo profits surge ahead of DoorDash takeover
The London-based company achieved its first-ever annual profit last year, drawing the attention of DoorDash which agreed a £2.9bn takeover in May
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NewsDiageo’s profits tumble after rocky year
The maker of Guinness and Smirnoff said operating profits were down almost 30%, below analyst’s expectations
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NewsKimberly-Clark scores strongest volume growth in five years
The Andrex maker consequently raised its profit forecast for the year having cut it in April
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NewsVirgin Wines builds momentum despite market slowdown
In March, Virgin Wines said it would put £20m into “turbocharging” growth
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NewsHaleon cuts sales forecast due to US slowdown
The group is performing better in emerging markets which make up around a third of its revenue
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NewsUnilever sales beat estimates off strong ice cream performance
Unilever’s ice cream division – which it will spin off by the end of the year – performed particularly well
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NewsSSP share price down 7% as sales fall below expectations
In the UK, sales were affected by the cyberattack on M&S
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NewsAG Barr confirms Strathmore sale as it posts H1 revenue boost
The company said it was looking to sell Strathmore in April, just one month after announcing it was scrapping the brand completely