Finance news
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NewsMagnum Ice Cream Co shuts down Ben & Jerry’s separation hopes
The Magnum Ice Cream Company has unequivocably shut down any prospect of Ben & Jerry’s being separated from the group as the brand’s founders reportedly explore a carve-out
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NewsReckitt Benckiser shares sink on cut growth projections
Investors lost faith with Reckitt Benckiser’s recovery this week to send shares plummeting at the Durex and Strepsils owner.
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NewsTesco flogs Czech and Slovak operation to Ahold Delhaize for £1bn
The sale does not include the business in Hungary, which continues to be owned by Tesco
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NewsMoth sales top £20m amid ready-to-drink cocktail boom
US revenues at Moth have increased more than more than five-fold, rising from £124k to £677k
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NewsPoundland on brink of collapse as retailer lines up administrators
A notice of intention to appoint AlixPartners as administrator has been filed with the courts this afternoon. Poundland MD Barry Williams said ‘despite enormous efforts’ it had not been possible to find an acceptable offer for the business as a whole
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NewsAB InBev and Carlsberg Q3 beer volumes under pressure
Beer volumes at brewing giants Carlsberg and AB InBev were under pressure in the third quarter as drinkers turned to non-alcoholic alternatives in greater numbers and sales slumped in China
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NewsMagnum Ice Cream Co lifts growth forecasts thanks to sizzling summer
Organic sales at the Unilever spin-off grew 9.6% to €2.5bn (£2.1bn) in the third quarter
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NewsTech company Opply raises $7.5m funding
Opply describes itself as an ‘end-to-end operations autopilot for F&B manufacturers’
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NewsC&C grows profits as it ditches lower-margin wholesale customers
As part of a drive to improve the quality of its wholesale customers, C&C Group struck a deal to acquire Asahi UK’s Nectar business last month
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NewsHeineken volumes beat expectations but more to do, vows new boss
Presiding over his first trading update since formally joining the group earlier this month, Rafa Oliveira added his first impressions of the company were positive
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NewsDanone benefits from higher prices in Q3
Like-for-like sales increased 4% to €7.2bn in the quarter on volume growth of 0.4% and a 3.6% lift from prices
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NewsUnilever beats Q3 expectations on strong demand for home and beauty offering
Underlying sales growth of 5.2% pushed turnover to €13.3bn (£11bn) in the third quarter, with volumes up 2.9%
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NewsCoca-Cola raises annual forecasts as Q3 growth outstrips expectations
Demand for the group’s soft drinks held up in the third quarter, with a 5% rise in volumes leading to a 7% increase in organic revenues to $13.4bn. That growth was well ahead of analyst expectations for the quarter
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NewsUnion demands talks with Poundland owner as collapse fears mount
Gordon Brothers, which took majority control of Poundland for £1 last year, is understood to be against selling the business as a whole
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NewsSamworth Brothers anoints Steve Murrells to take the reins from Simon Wookey
Murrells is a grocery veteran and brings decades of experience to the owner of Ginsters, Soreen and Higgid. He has held a series of senior roles on both the retail and supply side of the industry, including spells as CEO of Hilton Food Group, the Co-op and Tulip
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NewsTesco food MD Gordon Gafa to leave retailer at Christmas
Gafa’s departure was announced to staff by Tesco UK CEO Ashwin Prasad in a note today
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NewsStore with after best before date model eyes national expansion
Bargain Grocery Outlet (BGO), which opened its first supermarket two years ago in Stevenage, has plans for national expansion
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NewsOurCoop tops £1bn sales as enlarged society delivers first results
The society, which comprises Central Co-op, Midcounties Co-op and Chelmsford Star Co-op, also reported revenue growing by 94.3% to £888.8m, for the six months to 8 August, while food sales jumped 84.4% to £748.7m
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NewsSaputo profits boom as it prepares for sale to Lactalis
Saputo’s UK accounts, under the Dairy Crest name, revealed that after a loss of £32.6m last year, the business posted a profit of £21.3m in the year to 31 March 2026
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NewsReckitt Benckiser cuts growth forecasts after mixed Q3
Organic sales growth of 3.3% in the three months to September for the core Reckitt business was below analyst expectations