Finance news – Page 11
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NewsBio Dima to reduce food waste with help from six-figure loan scheme
Established in 2015, the Hertfordshire-based company works with farms across Europe, importing fresh seasonal organic produce
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NewsLidl share reaches record high as Aldi growth continues to slow
Of the traditional big four, Asda is the only one whose sales are down year on year, by 2%
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NewsGood Guys Bakehouse completes six-figure raise from fmcg heavyweights
Angel investors backing the business include former Pladis UK boss Nick Bunker, David Bell, currently chairman of Hackney Gelato and a former director at Mars UK and Young’s Seafood, and former Graze COO Tom Carroll, who was also CEO at British Corner Shop
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NewsMedia Bites 21 May: Reckitt Benckiser, Aldi, M&S
Activist investor Eminence Capital has built a stake in Dettol and Nurofen maker Reckitt, piling further pressure on the consumer goods group whose share price has plunged over fears that its baby formula business could be on the hook for billions in damages
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NewsCity snapshot: Demand for chicken and pork boosts Cranswick
Meat processor Cranswick has hailed a year of “strong” financial progress as demand for chicken and pork recovered. Plus, the latest Kantar grocery market share data, first-half results for Greencore and SSP, and a trading update from Naked Wines
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NewsBrowns Food Group targets £100m sales jump for Scottish pork
The processor said it was in discussions with major retailers over increasing the availability of Scottish pork following its acquisition of the Brechin abattoir in 2022
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NewsBuxton Brewery sold in pre-pack administration deal
Buxton’s new owners are yet to comment on their acquisition
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NewsSchools forced to use own budget to feed children, says charity
School Food Matters is calling for the government to revise its budget for school food and extend free school meals provisions
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NewsInvestment crisis threatens recovery of food and drink companies
The FDF’s State of Industry survey for the first quarter of 2024 found half of food and drink businesses planned to maintain low levels of investment in the coming year
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NewsMedia Bites 20 May: Morrisons, Fairtrade, M&S
The French conglomerate Bouygues is seeking to block Morrisons’ £2.5bn deal to sell its petrol forecourts
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NewsCity snapshot: Volumes rise at Hilton thanks to good Easter trading
Meat and fish processor Hilton Food Group has benefitted from a “strong” Easter in the UK and Ireland, pushing volumes and revenues higher in 2024
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NewsCity News: Britvic enjoys double-digit share boost as volumes increase
Robinsons supplier Britvic enjoyed a double-digit boost to its share prices this week
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NewsPremier Foods hails volume growth return
Premier Foods has returned to volume growth and pricing stability, and is now mooting M&A to further boost its branded portfolio
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NewsCity snapshot: GSK exits Haleon with £1.25bn share sale
Pharma giant GSK has exited its investment in its former healthcare arm Haleon after selling off its final stake in the demerged business
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NewsMedia Bites 17 May: Premier Foods, Walmart, Morrisons/lamb
Promotional price cuts to kitchen cupboard staples and the suspension of pension deficit contributions have helped to drive a double-digit rise in annual profits at Premier Foods
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NewsPricecheck sales surge past £150m for the first time
The results mark the 10th consecutive year of growth for the company
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NewsCity snapshot: Premier Foods returns to volume growth after bumper year
Premier Foods has posted a double-digit rise in sales and profits as it gained market share and volumes returned to growth in its fourth quarter
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NewsMedia Bites 16 May: Britvic, Imperial Brands, Compass
Britvic beat analysts’ forecasts and reported a sharp increase in profit after strong growth in established brands including Pepsi Max and Fruit Shoot
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NewsDiscount Dragon owner Huddled Group plots UK surplus goods ramp-up
The owner of e-commerce brand Discount Dragon is plotting a significant scaling up of its surplus fmcg goods operations to take advantage of booming demand for cheaper branded goods