Finance news – Page 113
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NewsNomad Foods boss Wayne Hudson to leave Birds Eye owner
Wayne Hudson is leaving his role as UK MD of Bird’s Eye owner Nomad Foods and taking time out of the food and drink industry
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NewsOasis to give up Premier Foods board seat at July’s AGM
Oasis Management will no longer have a presence on the Premier Foods board following last week’s reduction in its shareholding position
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NewsRefresco appoints Bill McFarland chief financial officer
McFarland joined Refresco in 2017 through its £935m acquisition of Cott Beverages, where he was CFO for four years leading up to the takeover
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NewsCMA warns of higher prices for Jus-Rol following Cérélia takeover
The Competition & Markets Authority raised its concerns following a three-month phase 1 investigation into the deal launched in February.
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NewsMedia Bites 30 May: Boots, Just Eat Takeaway, Sainsbury’s
India’s Reliance Industries and Apollo, the private equity firm, have become the frontrunners to buy Boots after the Issa brothers indicated that they were not prepared to pay the asking price
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NewsCity Snapshot: Sainsbury’s investment in price to top £500m as cost of living surges
Sainsbury’s revealed its investment in keeping prices competitive during the cost of living crisis is set to top £500m.
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NewsCity Snapshot: Investment firm Grosvenor to double down on bets in food tech industry
Investment firm Grosvenor has outlined ambitions to ramp up its activity in food and agritech.
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NewsGrosvenor outlines plan for significant investment in food and agritech
Investment firm Grosvenor has outlined ambitions to ramp up its activity in food and agritech and double the capital allocated to innovation the industry over the next decade as concerns grow over security in the supply chain.
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NewsCity News: M&S defies inflationary gloom with strong track record from Steve Rowe
M&S shook off inflationary gloom this week as shares rose healthily despite the retailer becoming the latest to warn profits in the coming year would take a hit as the cost of living crisis intensified.
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NewsMedia Bites 27 May: Cost of living, Asda, Bodycare, Fever-Tree
The papers focus on Rishi Sunak’s new package of measures to help families with soaring energy bills in a major U-turn for the government.
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NewsMy Emissions secures £400k funding for accessible carbon labelling service
The latest funding round will help My Emissions double its team and fulfil its aim to work with more than 100 companies in the next 12 months
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NewsCity Snapshot: PayPoint hails positive year as revenues and profits rise
Payment technology firm PayPoint has reported “another positive” year of sales and profits growth as it continnued to expand its base of retailer partners.
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NewsMedia Bites 26 May: M&S, Ocado Retail, Pets at Home
The papers report on annual results from M&S as CEO Steve Rowe hands over the reins, as well as the latest performance from online joint venture with Ocado.
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NewsBakkavor worries investors on warning inflation may dent volumes
Bakkavor shares fell today after the prepared foods maker warned further price hikes could hurt its volumes as the group continues to recover from the pandemic
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NewsNissin strengthens Premier Foods partnership as it buys chunk of shares from activist Oasis
The £40m acquisition is intended to strengthen the strategic relationship between Nissin and Premier and to “contribute to continued value creation” at the Batchelors supplier
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NewsReady meals startup Field Doctor targets £600k crowd investment
Field Doctor is lining up a £600k crowdfunding round to scale operations across the UK
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NewsCity Snapshot: M&S profits to shrink as inflation squeezes spending power of households
Marks & Spencer has warned its profits will take a hit this year as the squeeze on household finances gets tighter. Plus, Ocado Retail sales fall as shoppers cut down on spending; annual results from Pets at Home; and Bakkavor worries about volumes as more price hikes loom.
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NewsMedia Bites 25 May: Unilever, inflation, Cranswick, SSP Group, Kendamil
The boss of Unilever has defended the consumer goods giant’s focus on sustainability and the environment. Plus, the papers pick up the latest Kantar grocery data, annual results from Cranswick and more.
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NewsEG Group profits climb as sales soar 25%
Profits have leapt higher at forecourt giant EG Group as a growing foodservice business and soaring prices at the pumps help fuel a 25% jump in first-quarter revenues.
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NewsGreencore battles latest wave of inflation as recovery in food-to-go gathers momentum
Sandwich maker Greencore is battling to claw back soaring costs as input inflation accelerated into double digits while a recovery in its food-to-go markets gathered pace.