Finance news – Page 534
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NewsFood and drink business confidence slumps ahead of Budget
41% of businesses were less confident about the UK’s business environment than in October last year…
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NewsSeabrook Crisps appoints Houlihan Lokey to explore overseas acquisitions
Seabrook Crisps has appointed corporate advisors to explore strategic options, including overseas acquisitions, The Grocer can reveal.
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NewsMedina Dairy to invest £3.5m in Watson's site upgrade
Milk processor will safeguard 95 jobs and create 25 new positions as a result of investment
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NewsDiscounter growth set to plateau as new stores cannibalise sales
The latest Colliers International/MSCI UK supermarket investment report claims Aldi will be hit most
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NewsGrenade snapped up by Lion Capital in £72m deal
Sports nutrition business Grenade has been acquired by private equity firm Lion Capital in a deal worth £72m.
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NewsPrinces appoints new MD as Easterbrook retires after 35 years at the business
Princes has appointed a new MD to take over from Mike Easterbrook, who is retiring after more than 40 years in the food industry.
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NewsAuthentic Food Co sales hit record levels after heavy investment
Sales have soared 50% to close to £74m at ready meals producer The Authentic Food Company as it invested heavily in the Irish frozen factory acquired from Heinz in 2015.
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NewsMiso Tasty seeks £150k to launch new ramen noodle kits
Japanese snack brand Miso Tasty is raising £150k in a crowdfunding campaign to support the launch of a new line of ramen noodle kits in 300 Waitrose stores.
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NewsCity snapshot: Devro profits sizzle despite volumes fall
Sausage casings manufacturer Devro has reported a double-digit rise in underlying annual profit despite sharply falling volumes
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NewsMedia Bites 6 March: John Lewis, Morrisons, Premier Foods
The owner of John Lewis and Waitrose is poised to cut the annual bonus it pays staff to the lowest level since the 1950s due to the pressure on retailers.
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NewsPersonal care firm crushed by pricing pressures
A group of personal care and household companies, which supplied high street retailers and supermarkets, has called in administrators, with the loss of 72 jobs.
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NewsAB InBev fails to meet expectations thanks to slow growth
AB InBev missed fourth-quarter earnings expectations this week after a performance slump in Brazil
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NewsPoundland returns to like-for-like growth
Steinhoff CEO Markus Jooste said Poundland was “ahead of the value creation plan”
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NewsCity snapshot: Two food brands appoint insolvency firms after six figure crowdfunding campaigns
Two food brands with national supermarket listings have collapsed less than two years after raising hundreds of thousands of pounds from crowdfunding investors
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NewsMedia Bites 3 March: Asda, AB InBev, Nichols
Asda is imposing harsher payment terms on its clothing suppliers as it attempts to turn the business around.
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NewsPost leading race for Weetabix, as former bidders end interest
The Grocer understands bid interest from other previously active suitors has ended…
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NewsCrowdcube darlings Lick and Feel Free go under
Public set to lose out as two crowdfunders go under after six figure fundraising campaigns
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NewsVimto sales drive 'strong performance' at brand owner Nichols
Vimto “significantly” outperformed the soft drinks category with sales up 4.7%
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NewsHawkshead secures investment from Halewood Wines & Spirits
The deal would enable the business to build a new brewery, expand production and gain new routes to market for its popular…
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NewsMedina Dairy sees return to profitability
Group revenue during the 52 weeks to 30 April rose by £4.1m to £160.9m