Irn Bru maker A.G. Barr snaps up remaining stake in oat milk and porridge brand MOMA Foods as plant-based product boom continues A.G. Barr previously acquired a 61.8% holding in MOMA Foods in December 2021 The FTSE 250 company acquired energy drinks supplier Boost earlier this month Plant-based milk products are particularly popular among Gen Z … Read more
‘Britain is already in the longest recession since records began’: Forecasters expect downturn to last until end of next year By Archie Mitchell For The Daily Mail Published: 00:01 GMT, 19 December 2022 | Updated: 14:45 GMT, 19 December 2022 The UK has fallen into a recession which will be the longest since records began … Read more
A year of rising inflation, soaring utilities bills, a ropey equities market and the residual effects of lockdowns has conspired to create one of the tightest cost-of-living crises of this generation. With an increasing demand for small-sum borrowing coinciding with a significant reduction in the actual availability of small-sum credit, British consumers are having to … Read more
Would an England World Cup win boost British business? Here’s how the French, Spanish, German and Italian economies responded to their victories Data shows consumer confidence is boosted by home World Cup wins UK consumer confidence remained around historic lows in November But victory in Qatar could lift consumers and provide a boon to UK … Read more
Kwasi Kwarteng’s mini-Budget was ‘divorced from reality’, says boss of insurance giant Aviva By John-Paul Ford Rojas For The Daily Mail Published: 21:51 GMT, 8 December 2022 | Updated: 22:07 GMT, 8 December 2022 The chief executive of insurance giant Aviva has described Kwasi Kwarteng’s mini-Budget as ‘divorced from reality’. Amanda Blanc’s comments made at … Read more
Income from music streaming at a bargain price? Hipgnosis boss laments declining share price as songs trust discount widens to nearly 50% Hipgnosis’ share price has plummeted 35% year-to-date Its shares are now trading at a 47% discount to operative NAV of 149.82p Revenue from royalties was up 4.2 per cent in the 6 months … Read more
Moonpig shares plunge after greeting cards group slashes revenue guidance as Royal Mail strikes hamper deliveries Moonpig now expects to post around £320m in revenue this financial year Further strikes by Royal Mail employees are expected on six days in December Hargreaves Lansdown analyst: ‘Ultimately, the market is nervous about Moonpig’ By Harry Wise For … Read more
Irn Bru maker AG Barr snaps up independent brand Boost Drinks in all-cash deal worth up to £32m AG Barr paid £20m and agreed to pay another £12m depending on performance Leeds-based Boost Drinks was founded by Simon Gray in 2001 Boost will continue to be led by Gray and will operate as a standalone … Read more
Supermarket giant Sainsbury’s says it will set aside another £50m to keep prices down – with 30% earmarked for cutting Christmas food costs Over £15m of the extra spending will ensure some festive delicacies stay cheap The UK’s inflation rate hit a record 11.1% in October, the highest level in 41 years Sainsbury is keeping … Read more
Summer holiday bookings are surging: Sales of 2023 breaks are running almost a quarter ahead of pre-pandemic By Luke Barr, Financial Mail On Sunday Published: 21:50 GMT, 3 December 2022 | Updated: 14:49 GMT, 4 December 2022 Holiday firms are reporting a leap in the number of sun-starved Britons hatching plans for next year. Sales … Read more