Finance news – Page 42
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NewsSamworth Brothers hires new CFO to replace outgoing Steve Bailey
The food group has appointed Charles Noble as chief financial officer to take over from Steve Bailey when he retires at the end of the year
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NewsAB World Foods adds Capsicana to its international spice mix
The Patak’s and Blue Dragon owner has expanded its repertoire of international brands with the acquisition of the Latin American sauce challenger
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NewsCity snapshot: Food prices fall for first time in two years
Food prices have fallen for the first time in two years in September to keep the overall UK rate of inflation steady at 6.7%. Plus, Just Eat Takeaway lifts annual profit forecasts and Cake Box issues a first-half trading update.
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NewsMedia Bites 18 October: THG, food banks, corner shops
The main fmcg story on a quiet news days is the THG third-quarter results.
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NewsCompleat Food Group acquires vegan cheesemaker Palace Culture
It adds to the chilled group’s existing plant-based brands Squeaky Bean and Vadasz
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NewsFood producers lower prices at fastest rate for three years
Prices charged by food and drink manufacturers fell at the fastest rate in more than three years in September, raising the prospect that inflation is set to ease significantly in the coming months
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NewsCity snapshot: Mults growth slows as price war ramps up
Supermarket growth has slowed and remained below inflation as shoppers take advantage of loyalty scheme discounts, according to the latest data. Plus, THG reports progress in Q3 and food producer prices fall for first time in three years.
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NewsMedia Bites 17 October: National Lottery, food prices, M&S
The incoming operator of Britain’s National Lottery said it expects to initially fall short of promises it made bidding for the lucrative government contract as it prepares to take control of the country’s largest distributor of charity funds.
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NewsCity snapshot: M&S kicks off recruitment drive for 10,000 Christmas staff
Marks & Spencer has launched a recruitment drive to appoint 10,000 customer service assistants for its stores over the Christmas trading period.
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NewsMedia Bites 16 October: chocolate, THG, shoplifting
The current market is tough for chocolatiers, but they are hoping for a happy Christmas this year thanks to the revival of a number of classics and recent sales figures that suggest this could be a bumper festive season.
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NewsCity snapshot: British American Tobacco fills new role of chief people officer
British American Tobacco has appointed Cora Koppe-Stahrenberg to the new role of chief people officer.
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NewsQuorn owner hit by cost hikes and falling demand in meat-free
Quorn parent Marlow Foods has plunged into the red as soaring costs, falling demand for plant-based in supermarkets and one-off redundancy charges hit the Monde Nissin-owned group.
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NewsHeinz profits increase despite Tesco dispute
Heinz has recorded bumper profits in the year it pulled products from Tesco shelves after a row over price rises.
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NewsMedia Bites 13 October: vaping, Boots, Finsbury Food
The UK has launched a consultation into restricting the sale of vapes, as both major political parties support imposing much harsher rules on the sale of enticing disposable e-cigarettes that have soared in popularity among children.
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NewsWhitby Seafoods abandons Kilhorne Bay acquisition plans
The scampi supplier said resources required to engage in the next phase of the investigation were ‘out of proportion to any potential benefit from the deal’
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NewsRobson-Kanu shots brand The Turmeric Co nets £1m for global push
The Turmeric Co, the functional shots challenger launched by footballer Thomas Hal Robson-Kanu, has closed a Series A fundraise to support global growth
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NewsMoy Park takes major knock to profitability as high inflation bites
The processor said cost rises continued into 2023
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NewsCity snapshot: Hotel Chocolat back on the front foot after year of losses
Hotel Chocolat’s boss said the high-end confectionery chain is back “on the front foot” as it rolls out its new experience-led store format. It comes after a year of losses as the group restructured its international business.
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NewsMedia Bites 12 October: CBD, LVMH, GSK
UK food regulators have slashed the recommended safe daily dose of cannabidiol (CBD), a cannabis extract present in thousands of high street products from muffins to coffees, citing a risk of liver damage and thyroid issues.
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NewsSelfridges losses narrow as footfall returns to stores
Sales grew as shoppers returned to its flagship stores in London and Manchester