Finance news – Page 16
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NewsOff-trade bolsters Adnams topline but losses widen on rising costs
The brewer recorded topline growth for the third consecutive year
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NewsFood and drink M&A activity hits eight-year high
M&A activity in food and drink has picked up in 2024 as market conditions continued to ease, with deal numbers hitting their highest levels since 2016, according to a new report released this morning
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NewsMedia Bites 22 May: Kantar, Nestlé, THG
This morning’s papers focus on UK grocery inflation falling to near its historical average as they pick up on the latest data from Kantar
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NewsCity snapshot: New beginnings for M&S as profits soar
Marks & Spencer has declared the start of a new era as its turnaround plan delivered bumper profits and sales growth. Plus, UK inflation falls to “normal” levels and losses widen at brewer Adnams
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NewsPukka names Isaac Fisher CEO under continued family ownership
Fisher has the ‘full support’ of the founders’ sons, Tim and Andrew Storer
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NewsMission readies £1.3m crowd raise to fuel growth
Natural energy drinks brand Mission is prepping a £1.3m crowdfunding campaign to fuel its growth over the next two years
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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