All Finance articles
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NewsM&S chairman: online grocery is ‘a desert of profit’
‘There’s been more wealth destroyed by people trying to develop food online businesses than any other industry I can think of,’ said M&S chairman Archie Norman.
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NewsMedia Bites 2 April: Trump tariffs, Asda, inflation, Wild, Tobacco, 7-Eleven
Much of today’s press focus is on Donald Trump and speciifcally the US president’s so-called ’Liberation Day’ tarrifs
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NewsGreencore to buy rival food-to-go firm Bakkavor for £1.2bn
Bakkavor had previously rebuffed two offers from Greencore, including a £1.1bn approach last month.
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NewsHarvey Nichols losses deepen despite turnaround attempts
The retailer blamed ‘weak consumer confidence as a result of the cost of living crisis’ however it’s the latest loss under the ownership of Hong Kong-based Dickson Concepts
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NewsGreencore hikes earnings forecast amid latest Bakkavor buyout attempt
Greencore’s share price was up 5% following the announcement
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NewsOil specialist KTC Edibles bought by Whitworths Food Group
KTC has been owned by private equity firm Endless since May 2022
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NewsFood inflation rises to nine-month high
Economists think inflation will rise over the summer due to increases in food and energy costs
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NewsMedia Bites 1 April: Harrods, Post Office, Yum Brands
Late former Harrods owner Mohamed Al Fayed was the subject of reports of sexual abuse following his death last year
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NewsMajestic to accelerate on-trade ambitions with deal to acquire Enotria&Coe
Majestic said it had identified ‘significant potential’ to grow the business alongside its existing B2B arm
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NewsNaked Wines founder Rowan Gormley steps aside as new strategic plan takes shape
Founder Rowan Gormley stepped in to rescue Naked in 2023, but has now elected to step away
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NewsCity snapshot: Pets at Home warns of profit drop next year
Pets at Home’s share price is down over 20% since it warned of a ‘unusually subdued’ pet retail market in November. Also, the Artisanal Spirits Company returns to profit
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NewsMedia Bites 31 March: Primark, M&S in the north west, Asda, DP World
In high street news, many outlets pounced on the story that Primark boss Paul Marchant has resigned
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NewsFood sales fall in February as wider retail sales climb
‘After a very strong January, food sales fell back this month, particularly across supermarkets,’ said ONS senior statistician Hannah Finselbach
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NewsWH Smith to rebrand as TGJones after £76m sale
The deal does not include the WH Smith brand, meaning all stores will rebrand as TGJones after a short transition
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NewsMedia Bites 28 March: UPFs, Dubai chocolate, Asda numbers game, tariffs
Gut health subscription service Zoe says some UPFs are safe to eat
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NewsFSA given £1.4m funding to open innovation hub for novel foods
‘There is growing interest in the potential of new technologies to increase the UK’s food security’ said FSA chair Susan Jebb
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NewsFood Strategy exclusive: we must turn Dimbleby’s junk food cycle into growth, says minister
Chairing the first meeting of the new Food Strategy Advisory Board (FSAB) yesterday, food security minister Daniel Zeichner vowed Labour would provide the cross-government backing needed to make the new strategy succeed
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NewsGreencore raises bid for rival Bakkavor, says report
Bakkavor has already rebuffed two offers from Greencore, including a £1.1bn approach earlier this month
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NewsCity snapshot: Naked Wines’ share price rises 16% on new strategy
The online wine retailer is undergoing a transformation under new CEO Rodrigo Maza, having finally begun to stem losses at the end of last year
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NewsNaked Wines unveils new plan to rediscover growth
Some investors have raised concerns over the risks in Naked’s business model