All articles by Harry Holmes – Page 8
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NewsPoundland eyeing rent cuts in bid to save costs, says report
Poundland last drove through big rent changes during the pandemic, when it cut rent on hundreds of properties by more than a third
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NewsBasket crowdfunding £2m to roll out AI shopping assistant
Basket’s investors so far include the founders of BrewDog and Groupon
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NewsB&M’s share price down 16% after recognition of poor performance
The retailer’s difficulties have caused its share price to halve since the end of 2023
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NewsFever-Tree’s US expansion undeterred by Trump’s tariffs
Fever-Tree sold an 8.5% stake to Molson Coors in January as part of a strategic partnership to expand across the US
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NewsNorthern Monk surge continues but cash remains tight
The company said that, as is common with growth-stage businesses, it is not yet profitable and is funded by private equity
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NewsIsle of Barra Distillers crowdfunds £800k to fuel first whisky launch
The business is currently building a new £12m single malt distillery on Barra
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NewsWH Smith to complete sale of high street stores within weeks
In a trading update, WH Smith gave a picture of what the slimmed-down company will look like in future
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NewsB&M admits it must do better as profits slump
Former CEO Alex Russo stepped down in February after the company issued a profit warning
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NewsGriddle raises £500k to help accelerate frozen waffle growth
Investors include former St Pierre Bakery CEO David Wagstaff, who will become non-executive chairman
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NewsMicroSalt hails ‘transformational year’ as fmcg giant signs up
MicroSalt said it has started receiving ‘regular and repeating’ orders from ‘one of the world’s leading food and beverage companies’
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NewsEagle Eye shares down 40% after US grocer cuts contract
Eagle Eye powers loyalty programmes for supermarkets including Tesco, Asda and Morrisons
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NewsBritish American Tobacco raises guidance after new product launches
Cgarettes still make up around 80% of BAT’s revenue and were worth £9.9bn in the first half of the year
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NewsMy Fabulosa eyes global growth with major factory expansion
The company’s European turnover grew significantly last year, offsetting a decline in the UK
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NewsHarry Kane backs functional drinks brand Vital
Kane has previously backed numerous food and drink brands including Bio&Me, Urban Legend and 3Bears
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NewsUK business confidence rebounds to nine-month high
Two new surveys have shown business confidence returning to its highest level since August last year
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NewsBulmers owner C&C Group pleases shareholders with return to profitability
The cidermaker’s share price sank by about 18% in March after it said its annual earnings would miss expectations
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NewsEG Group profits sink due to ‘adverse weather’
Fuel volumes fell 2.9% due to problems in the US and Germany, plus reduced demand in Australia
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NewsBrits rein in food spend in May following Easter splurge
Shoppers are still prepared to indulge but are holding back on some categories, said NIQ
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NewsFox’s Burton’s reaps rewards of merger to boost profits
Fox’s Biscuits and Burton’s Biscuits merged in early 2022 after both being acquired by Ferrero
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NewsPets at Home retail sales maintain drag on thriving vet business
The business said it was impacted by subdued growth in the whole pet sector