All articles by Harry Holmes – Page 4
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NewsThe budget as it happened and what it means for fmcg
Rachel Reeves confirms this budget will raise taxes by £40bn
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NewsFullers Foods’ sales surge in ‘landmark’ year
It is the company’s first full year after its sale to private equity
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NewsRude Health bought by Finland’s Oddlygood
The terms are undisclosed but Rude Health was valued at over £70m in 2020
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NewsCity snapshot: Consumers ‘despondent’ ahead of Labour’s first Budget
Confidence had been returning but has now fallen for three months in a row, according to GfK’s monthly index. Plus, Remy Cointreau downgrades guidances after sales fall 16% in the first half of the year.
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NewsCity Snapshot: Unilever’s shares rise after beating expectations
Unilever and Danone both beat third-quarter sales expectations thanks to selling more products. Also, Kerry Foods continues to battle deflation, and Applied Nutrition announces its valuation before the IPO on Thursday
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NewsCoca-Cola exceeds quarterly expectations due to higher prices
The drinks giant got a boost from higher prices that offset a surprise drop in volumes
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NewsCapvest continues food rebuild with further M&A for Second Nature Brands platform
CapVest was historically a major player in UK food and drink before it sold Valeo Foods and Eight Fifty Food
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NewsCity Snapshot: Reckitt’s revenues slide as restructure progresses
Reckitt CEO Kris Licht said its Q3 performance is in line with guidance and it is on track to deliver net revenue and profit targets for 2024. Plus, a Heineken trading update
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NewsOceanSaver returns to the crowd as sales soar
The business sells a range of plastic-free, plant-based cleaning products
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NewsLindt loses market share as chocolate prices rocket
The Swiss chocolatier said its Lindor and Excellence brands were performing strongly
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NewsGourmet delivery service Farmyard Frozen hits ‘game-changing’ crowd raise
Farmyard Frozen is targeting ’cash-rich, time-poor foodies’ with its restaurant-style meals
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NewsCity Snapshot: Virgin Wines returns to profit after cost-cutting mission
Virgin Wines launched several new initiatives last year including new wine discounter Warehouse Wines and a strategic partnership with Ocado
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NewsGosh loses more sales due to plant-based exodus
Gosh said ‘meat mimics’ were under the most pressure in the market, while losses at Enough doubled in 2023
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NewsRed Bull’s fizz finally begins to flatten
The brand’s volume growth eased in 2023 after rising by around 20% for two consecutive years
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NewsCity Snapshot: Just Eat’s UK growth cannot prevent global slowdown
Just Eat Takeaway kept up its strong growth in the UK and Ireland but could not prevent a global slowdown led by North America. Plus, the latest supermarket sales data from NielsenIQ and UK inflation figures from ONS
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NewsSt Peter’s continues expansion with Portobello Brewing investment
Suffolk-based St Peter’s has undergone a significant expansion in the last year following the buyout of Curious Brewery and The Wild Beer Co
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NewsBoots’ digital performance fuels quarterly growth of 6.2%
It was Boots’ 14th consecutive quarter of market share growth
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NewsJohn West suffers first loss since 2010 after absorbing price hikes
John West had tried raising prices but suffered a consequent fall in volumes
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NewsUnilever finally completes exit from Russia
Unilever had previously resisted calls to exit Russia