All Finance articles – Page 173
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NewsMedia Bites 16 November: Unilever, Oatly, Heineken, Tesco, Lyre’s
Second round bids for Unilever’s €2bn tea business are due in today, but any buyer - with bidders including PE firms Advent, Carlyle and CVC - would have to decide how to handle sensitive questions of human rights and fair pay on three large plantations owned by the multinational.
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NewsCity Snapshot: Premier Foods suffers declines as shoppers eat out once more
Revenues and profits have fallen at Premier Foods as the group lapped figures from a year ago when demand was elevated during the ongoing lockdown. Plus, the latest NielsenIQ grocery data, full-year results at Imperial Brands, new growth ambitions at Diageo and interim CFO appointment at Domino’s.
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NewsPilgrim’s UK snaps up lamb processor Randall Parker Foods
The pork giant said the acquisition would allow it to bring its exisitng lamb business together as one vertically integrated operation
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NewsOatly shares crash as supply chain challenges lead to revenue warning at plant-based brand
Oatly has warned its growth will not hit the heights expected this year as the group suffered from a number of issues, including the UK HGV driver shortage
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NewsHeineken to move into wine and spirits with €4bn southern African play
The Dutch brewer has unveiled plans to form a €4bn African drinks giant with the takeover of Distell and Namibia Breweries
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NewsCity Snapshot: Ahold Delhaize to spin out Dutch Amazon rival in subsidiary IPO
Supermarket chain Ahold Delhaize has unveiled plans to spin off its €5.5bn Dutch online retail business Bol.com in a subsidiary IPO. Plus, Eagle Eye extends Asda Rewards loyalty programme into more stores.
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NewsMedia Bites 15 November: Boots, Johnson & Johnson, THG, M&S
Speculation is building around a potential sale of Boots, while under pressure THG remains in the spotlight.
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Comment & OpinionUK suppliers are at an inflexion point after Covid and cost price hikes are not optional
Supermarkets have a duty to keep inflation in check but also need to accept that suppliers must remain profitable
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Analysis & FeaturesOC&C 150 rankings: how the UK’s Top 150 food & drink suppliers fared in the pandemic
Some thrived, some lagged behind, but there’s more hurdles to come for the UK’s Top 150 food & drink suppliers
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NewsAnother M&S profit forecast hike earns the City’s confidence
Shares in M&S rocketed to two-year highs this week, after the second profit forecast hike of the year helped convince the City of its latest attempt to turn around fortunes
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NewsMowi Scotland profits hit by poor fish health and price deflation
The Scottish arm of Norwegian salmon giant Mowi also saw turnover fall last year
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NewsMedia Bites 12 November: Growth slowdown, WH Smith results, Christmas ads
Economic growth slowed dramatically in the third quarter, new ONS figures show
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NewsCity Snapshot: Hilton becomes the second biggest UK food and drink supplier
Big protein players muscle up supplier rankings with Hilton up to second place behind ABF
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NewsNomadic Dairy acquired by Irish investors in €29m deal
BiaVest will hold 54% of the County Donegal-based producer, while Development Capital have taken the remaining share.
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NewsCity snapshot: WH Smith eyes return to profit after Covid travel disruption drives £116m loss
WH Smith is targeting a return to “meaningful” profit growth and pre-Covid sales levels in its current financial year after suffering a £116m loss due to reduced trade at its growing travel network as a result of the pandemic.
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NewsMedia Bites 11 November: M&S, Walkers, US inflation, JD Wetherspoon
M&S was firmly in focus this morning after it lifted profit forecasts in an upbeat set of half-year results.
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NewsGlanbia exits milk category to focus on core business
Glanbia is set to exit the dairy sector to focus on growing its core ingredients and nutrition divisions after agreeing a deal to sell its 40% stake in Ireland’s biggest milk processor.
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Comment & OpinionGopuff is out to prove it has the stamina – and the funds – to win the rapid grocery race
Having switched on UK operations yesterday, US player Gopuff is confident it can outpace rivals
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NewsMedia Bites 10 Nov: ABF/Primark, Grocery market share, Philip Morris
The boss of Associated British Foods underlined his confidence in Primark’s bricks-and-mortar strategy and said it would not raise prices despite supply chain pressures
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NewsCity Snapshot: M&S lifts profits forecast as turnaround picks up pace
Marks & Spencer has upgraded its expectations for the year for the second time as its sales and profits leapt ahead of pre-pandemic figures.