All articles by Dominic Bernard – Page 7
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NewsWH Smith downgrades annual profit forecast by £30m in shock update
WH Smith has downgraded the profits for its North American division by £30m in a surprise update to the London Stock Exchange
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NewsPremier Foods snaps up Merchant Gourmet for £48m
Premier Foods has snapped up premium ready-to-eat grain and pulse pouch brand Merchant Gourmet
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NewsCompliance firm Food Alert appoints new MD
The new MD said he was excited to build on the ‘strong foundation’ left by outgoing MD David Bashford
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NewsParamount Retail Group snaps up meat wholesaler DB Food Group
Paramount said DB Foods had built a ‘strong reputation as a trusted supplier of premium meat’, and was ‘recognised as a pioneer of sustainable practices’
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NewsInspired Pet Nutrition expands European foothold with strategic DTC acquisition
Inspired Pet Nutrition has moved to cement its entry into Europe with the purchase of Ultra Premium Direct, France’s leading DTC petfood brand
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NewsKingsmill owner ABF acquires Hovis in major bakery merger
Kingsmill owner Associated British Foods has inked a deal to acquire Hovis Group, after months of speculation
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NewsCarlsberg shares plummet following ‘mixed bag’ results
Shares in Carlsberg have plummeted after the brewing giant reported weaker than expected trading
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NewsRetail footfall “stubbornly negative” in July
Retail footfall remains “stubbornly negative” compared to 2024, with July the third month in a row to record fewer consumers in shops
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NewsFood inflation will hit 5.5% in 2025, Bank of England warns
Food price increases have been driven by rising key food commodities, higher employment costs and extended producer responsibility levies on packaging
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NewsBeyond Meat brings in hired hand to ‘aggressively’ reduce costs amid losses
John Boken, MD of AlixPartners’ turnaround and restructuring department, is charged with strengthening the balance sheet at the struggling meat alternatives business
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NewsPaul Martin returns to retail with AlixPartners role
Paul Martin started at the firm this week as global retail growth leader
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Comment & OpinionWhy time’s up for late payers as struggling SMEs get support
With 38 businesses closing daily due to late payments, the government’s new reforms introducing mandatory payment terms have been welcomed by small businesses struggling with cash flow issues
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NewsFood & drink SMEs hail government crackdown on late payers
The government’s plan will mean a shift to enforced 60-day maximum payment terms when paying SME suppliers, reducing to a 45-day maximum after five year
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NewsCoca-Cola Europacific Partners downgrades revenue guidance but profit healthy
Coca-Cola Europacific Partners has downgraded its revenue guidance for 2025 despite a “solid first half performance” that boosted reported operating profit by 19.4%
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NewsNaked Wines CEO eyes 2028 for return to growth
Annual results posted on the London Stock Exchange earlier today showed the group’s revenues had fallen 14% to £250m in the year to 31 March 2025
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NewsImp & Maker wins £500k investment for luxury hamper business
Luxury food and drink gift company Imp & Maker has won £500k investment to clear its debt and push it into the next phase of growth
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NewsMotor Fuel Group minority stake sold for £500m
The sale will place 21% of MFG’s equity under Apollo’s control, and Apollo will appoint a representative to MFG’s board of directors
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NewsKellanova profits slump further as US snack demand stagnates
The group narrowly reached overall revenue growth of 0.3% to $3.2bn in the second quarter of 2025
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NewsSolid volume growth at Nichols backed by rapid African expansion
Nichols posted a rise in group revenues of 1.8% to £85.5m in the half year to 30 June 2025
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NewsPrice hikes drive growth at Mondelez, but volumes and profits hit
The owner of Cadbury and Oreo increased prices by 7.1 percentage points in the three months to 30 June, with the group pushing prices harder in emerging markets versus its developed ones