Finance news – Page 46
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NewsFinsbury Food Group recommends £143m takeover offer to shareholders
Listed bakery group Finsbury Food has agreed to a £143.4m takeover offer from Isle of Man-based asset management firm DBAY Advisors. Plus, food price inflation eases for fifth month in a row.
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NewsCity snapshot: September heatwave help UK supermarket grocery sales bounce back
UK grocery growth rebounded last month as the early September heatwave helped lift grocery sales at UK supermarkets back into double-digit growth. Plus trading updates from Ocado, McBride, C&C Group and Eagle Eye
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NewsMedia Bites 19 September: Farming, Sainsbury’s, Heineken
Farming and food lobbyists have sent an open letter to the biggest supermarkets urging them to treat suppliers more fairly, claiming that agriculture is “on its knees”.
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NewsBritvic invests £5m in Ireland to grow Ballygowan mineral water
The investment will create 28 jobs in Newcastle West, County Limerick
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NewsHeineken takes ‘significant’ minority stake in Ellie Goulding’s Served RTD brand
The deal expands Heineken beyond its core beer and cider offer in the UK
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NewsMedia Bites 18 September: Wilko, Loyalty schemes, Served/Heineken
Wilko’s demise looks set to take the number of jobs lost in British High Street collapses to more than 100,000 since 2020
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NewsCity snapshot: The Artisanal Spirits Company losses widen amid cost-of-living pressures
Losses have widened at The Artisanal Spirits Company as the cost-of-living crisis weighed on The Scotch Malt Whisky Society owner in the first half of 2023.
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NewsBlack-owned fmcg startups win airtime on Channel 4
Four black-owned fcmg challenger brands have secured hundreds of thousands of pounds worth of free airtime and business support as part of a scheme by Channel 4 and Lloyds Bank
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NewsCity snapshot: Supermarket Income REIT completes £290m debt refinancing
Listed property investment specialist Supermarket Income REIT has announced a comprehensive refinancing of almost £290m of debt
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NewsMedia Bites 15 September: John Lewis Partnership, Lidl, THG
The latest John Lewis results grab most of the space in today’s newspapers, but there is still room for stories on Lidl and THG.
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NewsWholegood sells a minority stake to help secure future
Organic fresh produce wholesaler Wholegood has raised fresh capital to safeguard its future, selling a minority stake to investment fund Metamorphosis Investments.
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NewsSustainable fresh producer OneFarm on brink of administration
Sustainable fresh producer OneFarm appears to be battling for survival having filed a notice of intention to appoint an administrator with the courts, The Grocer can reveal.
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NewsFreshways sales boost drives a ‘dramatic’ return to profitablity
The mid-market processor saw sales rise by 38%, while operating profit hit almost £3m, up froma loss of £4.6m in 2021
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NewsWaitrose boss hints at further price cuts as sales improve
‘Our value for money strategy is a long-term one, put it that way,’ James Bailey said
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NewsWilko collapsed owing over £400m, new documents show
The debts included £9.8m to Procter & Gamble and £3.2m to Unilever
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NewsGousto losses spiral on growth reversal but return to profit expected in 2023
Losses have ballooned to almost £160m in 2022 at Gousto as costs spiralled and rapid growth reversed for the first time in the recipe kit supplier’s 11-year history.
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NewsCity snapshot: John Lewis Partnership cuts losses but transformation plan needs more time
John Lewis Partnership has cut its first half losses by more than 40%, but extended the timescale of the completion of its turnaround plan by two years. Plus Lidl GB and THG post signficant losses
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NewsMedia Bites 14 September: Wilko, Patisserie Valerie, Mars
Another twist in the Wilko story makes headlines this morning, along with charges brought by the Serious Fraud Office in connection with the collapse of UK café chain Patisserie Valerie in 2019.
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NewsHain Celestial unveils new logo as it launches global restructuring drive
US CPG giant Hain Celestial has signalled a potential brand sell-off as it launched a formal restructuring effort in a bid to simplify the business and boost margins and long-term profitability
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NewsMedia Bites 13 September: Wilko/Poundland, grocery market share, ABF
The owner of Poundland has struck a deal to take over up to 71 stores occupied by Wilko, giving hope to hundreds of workers at its stricken rival