All Finance articles – Page 212
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NewsFirst Milk invests £12.5m in additional cheese and whey processing
The investment takes the amount ploughed into production by First Milk to £30m over the past three years
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NewsCity snapshot: B&M hikes profits expectations after strong lockdown sales
The owner of B&M Bargains has hiked its full year profit expectations after sales continued to boom during the second lockdown period this year. Plus, Marston’s asks bondholders to relax financial covenants, Wynnstay acquisitions, Supermarket Income REIT raises more cash to buy supermarkets and all the rest of the latest news from the City
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NewsOrchard House brings in former Premier Foods boss Gavin Darby
The fruit and juice supplier has bought in Gavin Darby following its acquisition by private equity investor Elaghmore
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NewsMedia Bites 4 March: Budget, Amazon, Sainsbury’s
The papers are predictably focused on yesterday’s Budget, but find room to cover the opening of Amazon’s first grocery store in the UK.
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NewsPukka Pies sets out £4.5m bakery investment as it eyes further growth
The pie brand, which took home the Brand of the Year title the 2020 Grocer Gold Awards, plans to enhance manufacturing capacity and capability at the Syston factory as it gears up for future growth.
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News🔴 Budget 2021 Live: Chancellor outlines Covid recovery measures
The latest updates for the grocery industry on the B
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NewsMedia Bites 3 March: Budget/Furlough, Grocery share, Virgin Wines
Rishi Sunak will announce on Wednesday that the Treasury is extending its furlough scheme until the end of September in an attempt to safeguard jobs as a fragile economy emerges from the Covid-19 emergency
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NewsCity snapshot: Profits evaporate at Vimto owner Nichols in face of Covid crisis
Vimto maker Nichols has experienced a dramatic slump in sales and profits as it faced the “unequalled challenges” presented by the Covid pandemic. Plus, fierce competition keeps food inflation in check, according to the latest BRC-Nielsen shop price index for February. There are also trading updates from DS Smith and Smiths News.
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NewsEmmanuel Faber agrees to step down as Danone CEO
French dairy giant agrees to split chairman and CEO role, meaning it will search for a new chief exec following shareholder pressure
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NewsSeafood supplier Sco-Fro netted by Japan’s Nishimoto Co
Established in 1975 by founder and chairman Stanley Bernard, Sco-Fro is one the UK’s largest importers of own-label noodles and frozen sushi and surimi.
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NewsLindt sweetens global decline with rising UK sales
A strong performance in the UK helped Lindt offset declines across the world as the coronavirus pandemic disrupted several areas of the Swiss confectionery giant’s business.
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NewsFarmison appoints KPMG to explore investment options
The Yorkshire-headquartered meat delivery firm is targeting sales of £100m with ambitious plans to continue disrupting the ind
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NewsCity snapshot: Grocery sales growth hits eight month high in February
Grocery industry sales growth accelerated to its highest level since June 2020 during February as the latest national restrictions curtailed spending in cafés, restaurants and pubs. Plus trading updates from Hotel Chocolat, HelloFresh and Virgin Wines starts trading on the stock exchange.
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NewsMedia Bites 2 March: Danone, Morrisons, The Restaurant Group
The board of directors of Danone has sought to calm an acrimonious public fight with activist shareholders by agreeing to split the chairman and chief executive roles now both held by Emmanuel Faber.
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NewsGrocemania reaches £100k target to fund growth into new cities
The rapid delivery service is already in London, Brighton, Nottingham and Bristol
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NewsMedia Bites 1 March: High Street/Budget, John Lewis/Waitrose, Danone
Chancellor Rishi Sunak is set to announce a £5bn grant scheme to help High Street businesses hit hardest by the pandemic
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NewsCity snapshot: McColl’s to roll out hundreds of Morrisons Daily stores
McColl’s Retail Group has extended its wholesale supply agreement with Morrisons and is converting hundreds of stores to the supermarket’s convenience offering. Plus, Ocado has kick-started operations at its new mini customer fulfilment centre in Bristol.
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NewsCity News: Investors wary despite record growth for Reckitt Benckiser
Consumer health giant Reckitt Benckiser posted the highest annual revenue growth in its history this week, but its share price failed to respond
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NewsMedia Bites 26 Feb: Asda, DS Smith/Mondi, ABF/Primark
About 5,000 jobs are at risk at Asda after the supermarket group launched a big restructuring in response to the rapid rise of online shopping
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News
Jammie Dodgers maker Burton’s Biscuits set to be put on sale
Ontario Teachers’ Pension Plan, which bought Burton’s in 2013, has hired advisors at Stamford Partners to run the process.