Finance news
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NewsMedia Bites 9 May: trade deals, tariffs and empty shelves
It was wall-to-wall trade deal talk yesterday, with Trump calling the US-UK agreement ‘comprehensive’, despite it being anything but
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NewsCampari misses sales forecasts on ‘soft’ first quarter trading
Revenues at the Aperol supplier declined by 4.2% to €665.6m in the three months ended 31 March
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NewsTariff fears prompt Molson Coors to lower sales and earning forecasts
Molson Coors sales in the three months ended 31 March fell by 11.3% on a reported basis
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NewsGlebe Farm Foods partners with Three Robins to scale gluten-free oat drink production
Glebe Farm Foods’ facilities will produce Three Robins’ oat drinks
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NewsWeightWatchers files for bankruptcy amid GLP-1 drug boom
WeightWatchers said it was navigating a ‘rapidly evolving weight management landscape’
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NewsMedia Bites 8 May: UK-US trade deal, WW bankruptcy, resilient coffee
UK set to agree a trade agreement with the US that would see some loosening of the tariffs and trade barriers imposed by Trump’s liberation day tariffs
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NewsAB InBev profits smash forecasts despite soft volumes
AB InBev, the world’s largest brewer, reported a 7.9% increase in operating profit in the three months ended 31 March
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NewsPoundland adds Modella Capital to ‘shortlist’ of potential buyers
Private equity firm Modella, which recenly bought WH Smith’s high street stores for £76m, is said to be among a handful of bidders for Poundland
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NewsAvara Foods appoints new CEO to succeed departing Andy Dawkins
Andy Dawkins will remain as a non-executive director of Avara Foods Holdings
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NewsMedia Bites 7 May: trade pacts, Jason Tarry, tartare sauce
Government trade deals around the globe dominate the headlines
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NewsReciprocal trade tariffs will force UK small businesses to quit US market, data shows
Importers are concerned about the impact of reciprocal tariffs on US goods as increased costs wreak havoc for British exporters
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NewsKingsmill supplier ABF confirms merger talks with Hovis owner Endless
The mooted deal ‘could be structured as an acquisition of Hovis by ABF, according to analysts’
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NewsDoorDash acquisition of Deliveroo approved by board
US food delivery giant DoorDash is to acquire Deliveroo for £2.9bn
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NewsOppo ice cream disappears from Tesco following ‘pressure on price’
It ‘wasn’t economical for us to continue being a supplier to Tesco’ said Oppo
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NewsValeo acquires Italian sweet bakery manufacturer Freddi Dolciaria
Sponge cake specialist Freddi Dolciaria is headquartered in Castiglione delle Stiviere
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NewsMedia Bites 2 May: UK exports, Amazon results, Harrods cyberattack
Global demand for British goods has suffered its biggest downturn since the height of the pandemic
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NewsPernod sells wine business to Accolade, creating new Vinarchy brand
Pernod Ricard has sold its entire international wine business to the owner of Accolade Wines
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NewsItalian vertical farmer ploughing £25m into new UK facility
Planet Farms will start supplying Waitrose stores in the UK this week
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NewsTesco central Europe CEO to leave after 30 years
Tesco’s central Europe CEO is leaving the supermarket giant after 30 years with the company
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NewsMedia Bites 1 May: Post Office, Starbucks, Royal Mail takeover
The government will give ‘recognition’ payments to Post Office Capture victims before they receive full compensation