All Finance articles – Page 23
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NewsIllycaffè confident of further growth despite coffee price volatility
Illycaffè has boosted first-half profits as revenues increased in all its major markets and distribution channels, with the Italian coffee roaster keeping a tight control over costs
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NewsC&C investor calls on group to appoint directors with ‘skin in the game’
Engine Capital said its two nominees had committed to buying shares personally
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News‘Incredible new chapter’ as Newlat completes £700m Princes takeover
The combined group, which also includes Symington’s in the UK, will have a turnover of €2.8bn, a global network of 31 plants, 8,800 employees and more than 30 brands
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NewsHill Biscuits snapped up by Cerealto UK
The custard creams and bourbons maker has been sold to the UK arm of Spanish own label giant Cerealto to give long-standing private equity backer LDC an exit
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NewsGymkhana Fine Foods brings in senior management trio to lead retail expansion
Gymkhana Fine Foods has strengthened its senior leadership team with three experienced hires
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NewsMedia Bites 31 July: Diageo, Greggs, McDonald’s
The head of Diageo has warned that consumers are facing an “extraordinary environment”, as one of the world’s biggest drinks makers reported its first global drop in sales since 2020
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NewsCity snapshot: Danone beats market forecasts in ‘strong’ first half
Net sales reached €13.8bn, climbing 4% on a like-for-like basis, with volumes jumping 2.1% and registering growth in each of the French group’s categories. Plus, first-half results from Just Eat Takeaway and Kerry Group
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Comment & OpinionGuinness is a bright spot in Diageo’s otherwise tough year
Guinness’ success shows how brands can trump even the toughest of economic headwinds
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Comment & OpinionWe need to scrutinise the ‘cost of business’ for challengers
Startups are spending tens, if not hundreds, of thousands of pounds just to elicit a response from buyers, says Thea Alexander, CEO at YF
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Comment & OpinionWhat can we learn from Sainsbury’s market share growth?
Sainsbury’s has been outgrowing the market for some time, says Jeremy Garlick, partner at Insight Traction
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NewsCity snapshot: Diageo posts organic sales and profit declines amid Americas weakness
Spirits giant Diageo has posted a decline in organic sales and profits as a heavy sales fall in Latin American and the Caribbean hit annual performance
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NewsMedia Bites 30 July: Reckitt Benckiser, Heineken, Asda, Zoe, McDonald's
A busy morning in the papers for fmcg includes the latest woes for Reckitt, Heineken and Asda
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NewsZoe secures another $15m to push harder in the US
The $15m investment comes from New York consumer VC firm Coefficient Capital
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NewsPrinces back in the black as Newlat deal nears completion
Revenues edged down from £1.74bn to £1.71bn in the year to 31 March 2024 as volumes declined on the back of the group putting up prices, according to newly filed accounts
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NewsBrand Growth Heroes ‘Mini MBA’ produces first graduates
The founders of 10 scaling fmcg challenger brands have graduated from the first-ever Brand Growth Heroes ‘Mini MBA’, led by Fiona Fitzpatrick in partnership with investment bank Alantra
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NewsIceland Foods’ financial health ‘best it’s ever been’ after strong annual results
The figures are a welcome return to the black for the family-owned group, after a difficult couple of years during which it struggled with surging energy costs
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NewsMedia Bites 29 July: Iceland, Ocado/M&S, Boots
Iceland made a record profit last year after the frozen-food chain’s energy bills fell and customers tucked into its £1 value range
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NewsCity snapshot: Heineken raises profit forecasts on 'solid' half
Top story Heineken has raised profits guidance for 2024 despite poor weather in Europe and currency challenges as volumes increased in the first half. Net revenues increased 6% to €14.8bn in the six months to June, mainly driven by growth of the Dutch brewer’s largest operating companies ...
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NewsFalling oil prices dampen KTC Edibles sales
Oils and canned produce specialist KTC Edibles saw a drop in sales and profitability last year amid a share drop in commodity prices following spikes in 2022
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InterviewsKitwave CEO Ben Maxted on ‘can-do’ mentality and growth strategy
Kitwave’s boss on the wholesaler’s successful acquisitions strategy, from not buying turnarounds to the secret ingredients of being a good custodian