Finance news – Page 62
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NewsCharlie Bigham’s growth surges but input costs hit hard
Charlie Bigham’s has continued its post-pandemic growth surge, but margins have been hit by delays passing on soaring input inflation to retailers and shoppers
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NewsOscar Mayer is taken over by lender following financial restructure
UK ready meals supplier Oscar Mayer has been taken over by its institutional lender following a financial restructuring, documents show
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NewsValeo continues to build leadership team with new CFO
Valeo Foods Group has announced Louis-Francois Gombert will join as group CFO as it continues to build out its senior management team
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NewsNew healthy food wholesaler Dundeis acquires Minton’s Good Foods
A new healthy food distributor started by former Tree of Life employees has acquired Welsh wholesaler Minton’s Good Foods as it continues to build capability ahead of a full launch later this year.
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NewsCity snapshot: PayPoint profits at top end of expectations after ‘positive’ year
Payments specialist PayPoint has grown revenues by £10m last year and said profits will be at the top end of expectations
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NewsBelazu adds miso to line up with Miso Tasty acquisition
Miso Tasty founder Bonnie Chung remains part of the business and is working with Belazu on the integration and transition, while all staff have also transferred across to the new owner.
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NewsMedia Bites 2 June: Recycling, UK manufacturing, Farming
Britain’s biggest retailers and food manufacturers are stepping up lobbying on the government to delay landmark environmental reforms
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NewsCity snapshot: Rémy Cointreau reports profits rise but warns of US slowdown
Rémy Cointreau has reported a double-digit jump in sale and profits last year, but warned sales growth will be wiped out in the current financial year by a sharp slowdown of consumption in the US
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NewsMedia Bites 1 June: Iceland, price cap, inflation, petrol prices, B&M, WH Smith
There’s plenty of variety in this morning’s papers when it comes to fmcg stories.
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NewsSerious Sweets acquires rock maker John Bull Confectioners
Serious Sweets has continued on the acquisition trail, having bought premium marshmallow brand Mallow & Marsh in February
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NewsGovernment declared ‘not fit for purpose’ over price cap plan
Supermarket and supplier bosses are understood to be fuming over the plans, which were leaked to the Daily Telegraph at the weekend
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NewsMedia Bites 31 May: Asda/EG Group, price caps, Unilever
The billionaire Issa brothers have agreed to sell EG Group’s UK and Ireland petrol and forecourt operations to Asda in deal that will add £770m in new loans to the business empire’s heavy debts
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NewsCity snapshot: B&M boosted by price-conscious shoppers
Revenues at B&M have jumped 6.6% to £5bn as cost-conscious shoppers turned to discounters to help manage the cost-of-living crisis. Plus, the latest NIQ supermarket till roll data, and trading updates from WH Smith and Bakkavor.
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NewsMeatless Farm hires Kroll to save its plant-based skin
The Leeds-headquartered business has hired advisors at the restructuring and insolvency specialist to run an early options process in a bid to save the brand
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NewsCity snapshot: Asda confirms £2.27bn acquisition of EG Group UK and Ireland
Asda has announced it has agreed to buy EG Group’s UK and Ireland operations for an enterprise value of £2.27bn
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NewsMedia Bites 30 May: Asda/EG, food price cap, inflation, Waitrose
Coverage of the merger of Asda and EG Group continued over the bank holiday weekend, alongside news of a proposal for a voluntary price cap for staple food items in supermarkets.
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NewsBettys & Taylors hit by soaring tea and coffee supply costs
Yorkshire Tea supplier Bettys & Taylors recorded a slowdown in growth last year and profits hit by soaring costs in its tea and coffee supply chain
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NewsM&S impresses City as ‘longest’ turnaround gathers momentum
Marks & Spencer shares jumped to 15-month highs this week on evidence it is finally emerging from what has been dubbed the ’longest turnaround in corporate history’
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NewsJude’s ice cream exploring finance options for growth
Independent corporate finance firm Spayne Lindsay has been charged with looking at options including sale and investment
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NewsCity snapshot: UK retail sales bounce back in April
UK retail sales volumes have bounced back to growth of 0.5% in April, following a fall of 1.2%