Finance news – Page 14
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NewsHain Celestial slims down meat-free Linda McCartney’s range in the UK
Hain Celestial is slimming down its plant-based Linda McCartney’s range as part of its ongoing turnaround strategy
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NewsRare & Pasture and Tempus Foods merge to power up charcuterie brands
Charcuterie brands Rare & Pasture and Tempus Foods have agreed a merger in a bid to expand production and sales of their ethically sourced meat products
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NewsCity snapshot: Haleon grows first quarter sales on price increases
FTSE 100 consumer health player Haleon has posted a ‘solid’ start to the year, despite a volume and headline revenue decline in the first three months of 2024.
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NewsMedia Bites 1 May: US fmcg, McDonald’s, Lidl
The world’s largest food and drinks companies have said that poorer consumers in the US are cutting their spending in the face of persistent price rises
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NewsHunter & Gather hires finance and sales directors ahead of retail growth push
Hunter & Gather has appointed two experienced fmcg players to its team as the brand’s first-ever sales and finance directors
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NewsGeneral Mills acquires premium petfood brand Edgard & Cooper
General Mills has swooped for premium petfood challenger brand Edgard & Cooper as the US consumer packaged goods giant continues to reshape its portfolio
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NewsDavid Wood Baking agrees eight-figure credit facilities as it recovers from fire
David Wood Baking has secured an eight-figure credit facility to help it bounce back from a devastating fire at one its factories late last year
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NewsCity snapshot: Retail inflation falls to its lowest level since 2021
Shop price annual inflation eased to 0.8% in April and now stands at its lowest level since December 2021
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NewsMedia Bites 30 April: Ocado, Heineken, Brexit, Getir
Ocado has suffered a shareholder revolt over a new pay scheme that includes a bonus share award of up to £15m for co-founder and chief executive Tim Steiner
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NewsScandal-hit Batista brothers back at helm at JBS after board reinstatement
Brothers Joesley and Wesley Batista were re-elected to the JBS board of directors on 26 April
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NewsRapid grocer Getir confirms UK exit
The q-commerce player will also pull out of Germany, the Netherlands and the US
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NewsAsda tracker shows disposable income up for 12th month in a row
Gross income for the average household in the UK grew by 10.1%, and at £233 per week was £21.50 a week higher in March 2024 than it was a year before
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NewsMedia Bites 29 April: Ocado, UK harvests, Loyalty cards
Ocado is facing criticism as it seeks shareholder approval today for a potential bonus worth up to £14.8m for its chief executive, Tim Steiner
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NewsCity snapshot: Eagle Eye secure contract to help Tesco personalise Clubcard promotions
Grocery tech firm Eagle Eye has won a one-year contract with Tesco to power its personalised Clubcard challenges. Plus, Ultimate Products chairman Jim McCarthy to leave group and Supermarket Income REIT makes first move into France
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NewsCity News: Sainsbury’s posts booming growth but City sceptics remain
Booming sales, rising profits and a bullish forecast were not enough for Sainsbury’s to win over City sceptics this week, as it faced a fall in GM sales and the prospect of tough comparatives
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NewsButcher’s Pet Care back in the black after £30m sales growth
Petfood player Butcher’s Pet Care has bounced back into the black following stellar sales growth, driven by growth in its range and international reach
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NewsHarvey Nichols recovery hampered by cost increases and discounts
Latest accounts add further detail to what was a difficult period for the retailer
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NewsCity snapshot: UK consumer confidence continues to improve as inflation eases
UK consumer confidence improved once more in April as inflation eases, according to the monthly GFK consumer confidence index
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NewsMedia Bites 26 April: Sainsbury’s, Nestlé, Unilever
A packed morning in the papers sees Sainsbury’s latest annual results grabbing the most headlines
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NewsCBD pioneer Trip tops Fast 50 list of food & drink brands
Surging growth pushed Trip to the number-one spot in the annual Fast 50 ranking conducted by mid-market financial services firm Alantra