Finance news – Page 19
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NewsPremier Foods to exit frozen pizza bases amid focus on brands
Premier Foods is to exit the frozen pizza category and close a factory employing 57 staff as it continues to focus on branded growth
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NewsMedia Bites 3 May: Diageo, bird flu, inflation
There is very little in the way of news on the fmcg industry in this morning’s papers
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NewsUK Salads collapsed owing its creditors £18m, report shows
The Essex-based greenhouse operator was a key supplier to Aldi and fell into administration in February
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NewsGetir franchisees sell off freezers following rapid grocer’s UK exit
Franchisees said they faced losing more than half their investment following the company’s decision to pull out of the UK to “focus its financial resources on Turkey”
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NewsCity snapshot: UK grocery growth slows as inflation eases
UK grocery sales growth slowed last month as food price inflation continues to ease and shoppers cut back after Easter
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NewsMedia Bites 2 May: Haleon, cost-of-living, Starbucks
Panadol and Advil maker Haleon is in focus this morning after disappointing results
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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