Finance news
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NewsValeo Foods sells Irish food business
The carve-out will hand over control of brands including Jacob’s, Batchelors and Odlums to former Valeo Foods Ireland managing director Hilliard Lombard
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NewsAsda passes psychological ’milestone’ with first sales growth for two years
The supermarket’s latest Q2 and Q3 performance shows that it had entered the ‘foothills’ of recovery, said executive chairman Allan Leighton
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NewsUnilever to carve out Colman’s ahead of McCormick deal
Bankers from Rothschild have been engaged to find a buyer for Colman’s
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NewsMcBride inks £170m co-manufacturing contract with Vestacy
Under the agreement, McBride has acquired two dedicated factories from Reckitt carve-out Vestacy in Spain and Portugal for a “nominal” consideration through a share purchase agreement
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NewsApplied Nutrition shares drop as investors cash in on rampant growth
The City gave the cold shoulder to Applied Nutrition after a market update detailing rampant sales growth and a major bump to profits led to a paradoxical fall in share price.
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NewsNutrition powers ‘formidable’ first half at Arla
Massive consumer demand for dairy protein has helped power one of Arla’s “strongest half-year performances to date”, as branded sales made up for an oversupply of milk
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NewsPernod Ricard recovery stifled by US-China spirits woes
Woes in China and the US have quashed promising signs of recovery in Pernod Ricard’s global business, as revenues and profits fell for another year
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NewsKraft Heinz to swap Nasdaq listing in favour of NYSE
The CPG giant’s stock will trade on the NYSE from 14 September 2026, under its existing ticker symbol KHC
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NewsBeef supply chain tech firm Breedr wins £20m series B investment
The series B raise has taken Breedr to $46.6m total raised, and will be used to grow its team and bring more ranchers and farmers on to the platform
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NewsMüller doubles operating profit despite challenging year
The business saw revenue increase to £2.7bn in the period, with operating profit up to £74m
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NewsPoundland owner sounding out Modella for interest
The owner of TG Jones, which is closing up to 150 stores after a restructure was launched in July, is said to be among potential Poundland suitors
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NewsApplied Nutrition upgrades profit guidance as revenues soar
Applied Nutrition had previously upgraded its sales guidance to £148m at the start of June
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NewsAngus Soft Fruits turnover swells after bumper UK crop
Summer 2025 was ‘early and warm, resulting in higher yields and increased UK volumes’, driving overall sales growth
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NewsHotel Chocolat slips to loss after soaring cocoa and employment costs
Global CEO Angus Thirlwell acknowledged that margins had been ‘materially affected’ as the business absorbed the cost of volatile cocoa and other raw material prices
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NewsDevon winery Calancombe Estate goes to crowd to raise £250k
Crowd investors will buy into a new operating company that will run the Calancombe Estate and co-located Dartmouth Distillery Co businesses on a ‘commercially attractive’ lease arrangement
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NewsKrispy Kreme sales fall but on track for ‘sustainable, profitable growth’
For the 52 weeks to 28 December 2025, revenue dipped 1.76% to £117.8m
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NewsKosher bakery State Fayre to return after phoenix sale
The bakery was sold out of insolvency to a former director, preserving 25 jobs
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NewsPoundland accounts reveal £60m in overstated sales in 2024
The error had no impact on profit for the year because cost of sales was overstated by the same amount, according to newly filed accounts at Companies House
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NewsPoundland owner appoints Alvarez & Marsal to advise on sale
Gordon Brothers has chosen Alvarez & Marsal to run an auction of discount chain
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NewsBernard Matthews to close Derby factory after continued losses
The Derby site will cease operations by the end of this year