All articles by Harry Holmes – Page 9
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NewsFood inflation steady at 3.3% as industry braces for spring budget
There was good news for fish shoppers with prices down 0.7%
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NewsCity snapshot: inflation falls to 2.8% ahead of spring budget
Alcohol and tobacco were some of the biggest risers, up 5.7% over the past 12 months, while food inflation remained steady at 3.3%
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NewsVirgin Wines to pump £20m into ‘turbocharging’ growth
The company is hoping the strategy will deliver £100m in annual revenue by 2030
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NewsAG Barr to scrap Strathmore bottled water brand as part of restructure
The discontinuation could lead to the closure of AG Barr’s manufacturing facility in Forfar
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NewsMP Evans notches record profits amid high palm oil prices
Palm oil prices have proven volatile in recent years and are now on the rise again, the company said
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NewsTHG’s Matt Moulding invests £60m of his own money in latest fundraising push
THG’s Matt Moulding reflected on the ‘crushing burden of responsibility when setting up a business. It’s a lot like parenting’
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NewsCity snapshot: Fever-Tree shares up 5% after profits boost
Fever-Tree’s revenue rose 4% as sales recovered some lost momentum in the second half of the year
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NewsFever-Tree profits rise as sales recover momentum
Its growth in the second half was primarily led by the US, the brand’s biggest market
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NewsCity snapshot: Wetherspoons shares trading at two-year low after profit hit
Its share price fell over 9% after it released half-year results, bringing its total fall to over 11% since the start of the year
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NewsSomething & Nothing raises £2m more to accelerate US expansion
The brand raised £1.5m three years ago to try and establish its presence in the US
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NewsCranswick raises medium-term profit target amid strong meat demand
Cranswick’s share price hit a record high in September after raising its profit forecast for the year
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NewsReady meal startup Field Doctor fundraises for B2B move
Field Doctor would not reveal the exact size of the investment, which came from Perfect Redd and the South West Investment Fund
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NewsCity snapshot: Gen Z drives bump in consumer confidence
Brits are feeling more optimistic about their personal finances and therefore expect to spend more over the next three months. Also, Cranswick raises revenue targets
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NewsCity snapshot: Pfizer completes £2.5bn Haleon exit
Pfizer still owns about 7.3% of the company, making it the largest shareholder. GSK sold its remaining stake in May last year
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NewsWhen in Rome crowdfunds once again to fund ‘pioneering’ wine tech
Sustainable wine startup When in Rome has returned to the crowd as it looks to fund a lower alcohol range and deploy “pioneering” climate technology on its vineyards
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NewsCity snapshot: Supermarket shares take £4bn hit over Asda price war fears
The value of Tesco, Sainsbury’s and Marks & Spencer has plummeted by more than £4bn since Friday amid fears Asda will launch a vicious price war to win back customers
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NewsDeliveroo shares stall despite first-ever profit for food delivery group
Deliveroo’s share price fell by as much as 8% as the group pushing back its earnings target despite making it’s first-ever profit
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NewsDiageo pulls out of Distill Ventures accelerator as part of strategic reshape
Diageo has invested over £245m in more than 35 businesses through the Distill programme
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NewsCity snapshot: John Lewis scraps bonus as Deliveroo records first ever profit
The retailer scrapped the bonus for the third year in a row despite tripling its annual profits. Also, Deliveroo goes into the black for the first time
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NewsDeliveroo records first-ever annual profit
Deliveroo co-founder and CEO Will Shu said the results show the company’s ‘strategy is working’