Finance news – Page 159
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NewsCity snapshot: Britvic profit rises following pricing hikes
Robinsons owner Britvic has posted a double-digit rise in profits in the first half, as margins improved on pricing growth and a reduction of marketing spend
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NewsMedia Bites 16 May: Petrol prices, food inflation, John Lewis, BAT
The papers are filled with stories on claims retailers increased fuel prices to unnecessarily high levels.
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NewsSymington’s profits increase despite drop in sales
The food group’s profits rose in its first full year under ownership of Newlat as it reduced ranges to focus on profitable categories
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NewsSapling Spirits closes seven-figure fundraising
Sapling Spirits has closed a seven-figure fundraising round to push ambitions to make the spirits industry more sustainable
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NewsMedia Bites 15 May: John Lewis Partnership, food price inflation, Tesco
More than half of the 61-strong partnership council of John Lewis have delivered a stinging rebuke to Dame Sharon White and her leadership
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NewsCity snapshot: British American Tobacco announces new chief executive
British American Tobacco has appointed Tadeu Marroco as successor to CEO Jack Bowles, who has stepped down from the board
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NewsCompass Group bolstered by resurgent leisure and tourism markets
Workers returning to the office and resurgent leisure and tourism bolstered the first-half profits and share price of catering giant Compass Group
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NewsDrinks supplier Global Brands sees surging growth on exports boost
UK independent drinks business Global Brands has posted a double-digit jump in annual revenues on strong growth at home and abroad
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NewsRaw dogfood player Paleo Ridge receives £1m investment to boost retail ambitions
Paleo Ridge has secured a further seven-figure investment from investor Ashridge Capital
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NewsFormer Greencore exec Kevin Moore appointed as Valeo’s first UK CEO
Valeo Foods Group has announced the appointment of Kevin Moore to the newly created position of UK CEO
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NewsWincanton lands 10-year deal with Tata Chemicals
The supply chain specialist will run British Salt’s Middlewich warehouse, where food and pharmaceutical-grade salt will be produced
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NewsPML appoints new finance director and sales manager
Philip Booth has been hired as finance director and Karl Gerding as a sales manager
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NewsTrewithen Dairy slides into the red amid production cost hike
The supplier enjoyed a £10m increase in sales but has faced significant hikes in input costs
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NewsCity Snapshot: THG ends Apollo takeover discussions
THG has announced it has ceased talks with Apollo Global Management over a takeover approach after its indicative valuation of the group was ‘inadequate’
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NewsPlanet Organic founder Renée Elliott commits to a food-based future
In an interview with The Grocer, Elliott discussed the new management team’s vision for the business, rebuilding supplier trust and how she pulled off the deal
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NewsMamamade closes doors as cost of living crisis affects trading
DTC plant-based baby food brand Mamamade has ceased trading after losing a battle with soaring costs and lower demand.
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NewsMedia Bites 12 May: Food prices, John Lewis, Black Sheep
Supermarkets have told ministers that food prices have peaked and will start falling significantly in the coming months.
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NewsLeon co-founder John Vincent moves into influencer marketing
‘I think it could be quite a lot of fun,’ Vincent told The Grocer
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NewsPlanet Organic owed creditors £12.5m before rescue deal
New report lifts the lid on the collapse and details how much Planet Organic founder Renée Elliott paid to rescue the business
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NewsCity snapshot: Pernod Ricard invests in reusable packaging specialist Ecospirits
Pernod Ricard has taken a minority share in Singapore-based Ecospirits, a low waste distributer for the wine and spirits industry