All Finance articles – Page 48
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NewsMedia Bites 7 March: Budget, M&S, EG Group, Premier Foods
The morning’s papers are filled with reaction to the latest Budget, but find room for news M&S joint CEO Katie Bickerstaffe is leaving the retailer
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NewsPukka Pies kicks off £100m potential sale process
Pukka Pies has kicked off an M&A process that could value the brand at upwards of £100m as supermarket sales of its savoury pastries continue to boom
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NewsGreggs targets more supermarket sites after ‘record’ annual profits
Greggs’ ‘record’ performance helped it overtake McDonald’s as the UK’s number one breakfast location
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NewsButlers Farmhouse Cheeses snaps up Tunworth owner Hampshire Cheese Co
The deal made Butlers the UK’s largest independent soft cheesemaker, Butlers said
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NewsLindt & Sprüngli improves margins on double-digit sales growth
Global confectionery giant Lindt & Sprüngli has posted double-digit sales growth and margin improvement last year, helped by price increases and a rebound in travel retail
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NewsMedia Bites 6 March: Greggs, Grocery market share, EG Group
The appetite for Greggs’ sausage rolls and steak bakes shows no sign of slowing down after the bakery chain dethroned McDonald’s to become Britain’s most popular breakfast spot
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NewsCity snapshot: Vimto appeal boosts Nichols in 2023
Soft drinks group Nichols has hailed a “strong” performance in 2023 as the strength of the Vimto brand in the UK and overseas boosted revenues and profits. Plus, Premier Foods will suspend deficit contribution payments from the 1 April and Science in Sport issues a full-year trading update
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NewsMeat snacking brand Ember adds three fmcg big hitters to its board
Tim Rees, Mark Palmer and John McKinley will advise brother founders Jack and Harry Mayhew on the next stage of the brand’s rapid growth
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NewsCity snapshot: Grocery sales growth slows as food price inflation eases
Supermarket sales growth slowed to 5.3% during February as food price inflation continues to fall. Plus results from Greggs, Bakkavor and all the rest of this morning’s news from the City
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NewsMedia Bites 5 March: Budget, Caffè Nero, EG Group
The papers focus on tomorrow’s Budget, with M&S boss Stuart Machin hitting out at the tax burden faced by retailers
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NewsGrwth Club launches venture fund for fmcg startups
Grwth Ventures is founded by Joe Benn and Jake Higgins with a £5m cornerstone investment from media agency MNC
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NewsSniffers Pet Care scores follow-on funding from PE backer Traditum
Pet treat supplier Sniffers Pet Care has secured an £850k investment to ramp up production at its Yorkshire factory
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NewsEG Group sees full-year profits dip as fuel prices fall
Forecourt giant EG Group saw full-year profits dip last year on lower fuel prices and ‘oil volatility’
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NewsKettle Produce continues operating at a loss despite turnover increase
The producer, which saw turnover rise by 10% to £161.7m, from £147m, said loss had continued due to a “range of challenging circumstances”
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NewsMedia Bites 4 March: Ocado/M&S, Asda, chocolate prices
Are Ocado and M&S running out of road, asks The Times. M&S and Ocado could be heading for dispute over the terms of their JV
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NewsCity snapshot: Treatt appoints David Shannon as CEO
Drinks ingredients supplier Treatt has appointed Shannon to fill the vacancy left by long-term boss Daemmon Reeve, who stood down at the end of 2023
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NewsCity News: Reckitt Benckiser shares slump after ‘unsatisfactory’ results
Consumer goods giant Reckitt Benckiser saw its share slump this week as its 2023 sales underperformed City expectations following an “unsatisfactory” fourth quarter.
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Comment & OpinionMorrisons is the elephant in the room of the M&A scene
Unconfirmed reports this week that Morrisons is exploring the sale of Rathbones are potentially embarrassing to Morrisons and to CEO Rami Baitiéh if true
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NewsAldi salad supplier UK Salads appoints administrators
The Aldi salad supplier has appointed administrators, with The Grocer understanding that unsecured creditors will be owed as much as £10m
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Analysis & FeaturesWhen will the price be right to get deal volumes moving?
Newlat’s exit from Princes takeover talks reflects a market in which deals are not getting done. What’s stalling activity, and will it pick up?