Finance news – Page 38
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NewsFIS Group acquires Cambridge Market Research
The deal will allow Cambridge Market Research MD Paul Beresford to retire, after more than 20 years at the business’s helm
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NewsMedia Bites 8 January: Retail jobs, Christmas retailer results, Asda
Almost 120,000 retail jobs were lost in the UK last year and more than 10,000 shops shut their doors as businesses grappled with inflation and economic headwinds
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NewsCity snapshot: Eagle Eye wins major contract with Canada’s Pattison Food Group
Grocery software provider Eagle Eye has signed a five-year contract with one of Canada’s largest supermarket chains, with the deal also including a first win for the group’s AI offering
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NewsSupreme acquires sports nutrition supplier FoodIQ UK from administration
Listed consumer goods group Supreme has acquired plant-based supplier FoodIQ UK from administration for £175k to broaden its portfolio
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NewsCity snapshot: UK retail footfall weakens in damp December
Wet weather and the cost of living crisis combined to drive a sharp reduction in UK retail footfall over the Christmas period. Plus Asda to price match the discounters and Supreme buys FoodIQ UK from administration
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NewsMedia Bites 5 January: PepsiCo/Carrefour, Boots, UK farming
French food retailer Carrefour has said it will no longer sell PepsiCo products because they have become too expensive
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NewsSugaRich acquires Sweetdreams to expand into confectionery
Food reprocessor SugaRich has announced the acquisition of Choc Nibbles manufacturer Sweetdreams to expand its offering into confectionery manufacturing
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NewsPremium spirit sales forecast to come under pressure in 2024
Consumers are likely to trade down into cheaper alcohol in 2024 to add further pressure to premium drinks brands, according to Bloomberg Intelligence
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NewsRed sea shipping attacks will lead to ‘inevitable’ food inflation
The crisis in the key shipping route lining the Mediterranean via the Suez Canal has sparked military and political action by the US and other governments
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NewsArtisanal Spirits Company looks stateside with Single Cask Nation acquisition
The company said the move would allow it to take advantage of the ‘sizeable and growing’ US whiskey market
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NewsCity snapshot: Next sees bumper Christmas sales to kick off the festive reporting season
Next has kicked off the Christmas reporting season by upgrading its profit guidance after full-price sales had been “better than anticipated” during the festive period
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NewsMedia Bites 4 January: Christmas grocery spend, retail crime, UK economy
Supermarket inflation fell at its fastest monthly rate on record in December as household spending on groceries rose to a new high
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NewsMedia Bites 3 January: Aldi/Lidl, M&S, Tesco
Aldi and Lidl, the discount supermarkets, have enjoyed record Christmas trading amid the cost of living crisis, with Friday December 22 was the busiest trading day ever for both discounters
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NewsCity snapshot: ‘Whopper’ Christmas for supermarkets as Brits spend a record £13.7bn over the festive period
Supermarkets enjoyed the busiest Christmas since before the pandemic as a record £13.7bn passed through their tills over the crucial December trading period, according to data released this morning
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NewsAsda in double raid on Morrisons as it appoints its first chief digital officer
Morrisons chief information officer Matt Kelleher will join the Issa brothers-run supermarket in July
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NewsPurity Brewing Co sold to private equity firm Breal Group
The private equity firm has added another ailing craft brewer to its roster
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NewsDanone offloads US premium organic dairy business to Platinum Equity
Danone has agreed to sell its premium organic dairy business in the US to investment firm Platinum Equity for an undisclosed sum
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NewsIBC Simply acquires March Foods to form Delightful group
The foodservice supplier has snapped up March Foods to boost its food and drink manufacturing and co-packing capabilities
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NewsCity snapshot: Record-breaking Christmas for discounters Aldi and Lidl
Discounters Aldi and Lidl have both boasted of a record-breaking Christmas as hard-pressed shoppers looked to save money over the festive period. Plus, the BRC reports on retail inflation figures for December.
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NewsMedia Bites 2 January: Inflation, Princes, Unilever, M&S
Shop prices continued to rise at 4.3% in December as a price rise on non-food items offset easing costs on food.