Finance news – Page 29
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NewsAsda ‘totally green’ after best quarterly results since 2024
Asda’s sales continued to decline during the second quarter of 2025. However, like-for-like sales were down by 0.2%, a much slower rate
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NewsGreggs delays hire of former WH Smith CFO over accounting scandal
Robert Moorhead asked to defer his appointment as Greggs non-exec until an independent review is completed
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NewsFirst Milk turnover jumps 20% in first full year after BV acquisition
First Milk’s turnover has leapt by 20% after the co-operative’s balance sheet was buoyed by its first full year of ownership of BV Dairy
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NewsPernod Ricard sales drop due to US and China uncertainty
Pernod has been a collateral victim of global trade wars for almost a year, first hit by China and then the US
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NewsInvestors call for Wes Streeting to publish mandatory health targets plan
The investor group issued a statement today calling on ministers to prescribe ‘robust metrics’ for companies’ obligatory reporting and targets
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NewsConfidence flatlines for food companies as fears grow over Reeves’ budget
A new FDF survey of its members found confidence levels in the second quarter of the year were still at ‘-40%’
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NewsSamworth Brothers debt burden soars to almost £200m
The Leicestershire-headquartered food manufacturing giant spent another £87.4m on projects in 2024, meaning net debt ballooned to £190m
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NewsGenius Foods unveils ‘clean label’ gluten-free bread range
The range was created with reality TV star and diagnosed coeliac Megan McKenna
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NewsWype raises £1m to clean up in ‘bottom care’
The brand sells a refillable cleansing gel that turns normal toilet paper into a sustainable wet wipe
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NewsKeurig Dr Pepper buys JDE Peet’s to create new coffee giant
The deal will lead to the split of the combined group’s coffee and soft drinks units
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NewsFood inflation hits 18-month high driven by eggs and butter
The price of staples like butter and eggs shot up due to high demand, tightening supply, and increased labour costs, said the BRC
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NewsAsda offers suppliers sustainability-linked finance scheme
The most preferential rates and payment terms will be offered to Asda’s suppliers who are performing strongly against their sustainability KPIs
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NewsConsumer confidence improves in August but clouds remain on the horizon
Consumer confidence has climbed to its highest level so far this year but remained fragile ahead of the upcoming autumn budget, according to a new report out this morning
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NewsOutlook good for M&A in food and drink after strong second quarter
M&A activity in food & drink is expected to continue ramping up in 2025 and beyond following a bumper second quarter, a new report shows
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NewsTiffin buys Bradford sandwich firm Love Bites
Independent food-to-go manufacturer Tiffin has acquired fellow Bradford firm Love Bites, just four months after snapping up Scottish sandwich maker PJ’s Foods
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NewsMeatable opens up road to lab-grown chicken and lamb with new acquisition
The takeover of Uncommon Bio’s platform has given the business an entirely new way to manufacture cultivated meat
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NewsWH Smith shares crash 42% after ‘disastrous’ accountancy black hole
Shares have gone into freefall at WH Smith after investors reacted in horror to the shock news of a £30m black hole in its profits
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NewsWH Smith downgrades annual profit forecast by £30m in shock update
WH Smith has downgraded the profits for its North American division by £30m in a surprise update to the London Stock Exchange
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NewsPremier Foods snaps up Merchant Gourmet for £48m
Premier Foods has snapped up premium ready-to-eat grain and pulse pouch brand Merchant Gourmet
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NewsCrediton Dairy sees turnover rise against ‘challenging’ backdrop
The drinks producer saw turnover increase by £20m to £131.3m in the year to 4 January 2025