Finance news – Page 100
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NewsWhitby Seafoods acquisition of Kilhorne Bay under CMA scrutiny
The scampi company planned to acquire Northern Ireland-based Kilhorne Bay
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NewsCity snapshot: Deliveroo ups earnings guidance despite slowing growth
Deliveroo has upgraded its profit guidance for the year despite falling order numbers amid “challenging macroeconomic conditions”
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NewsMedia Bites 10 August: Orange juice, Wilko, CCH
Orange juice futures have hit a record high after hurricanes and disease devastated citrus crops in Florida, raising the prospect of rising soft drink prices
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NewsChallenger brands owed upwards of £100k by Asda third-party distributor Blue Ocean
Third-party distributor Blue Ocean owes a number of challenger brands upwards of £100k for products supplied to Asda since the collapse of Tree of Life
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NewsSpirits startup Goldling secures seed funding to back retail push
The organic canned spirit startup has secured £300k in a seed funding round as it aims to get its drinks into the mults
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NewsLakes Free Range Egg Co’s profits triple to £1.4m
The major egg packer saw gross profits rise from £3m to £3.7m, with operating profit trebling from £429k to £1.4m
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NewsLoveSeitan throws in the towel as shoppers renounce seitan
LoveSeitan, which supplied plant-based products to the likes of Tesco, Sainsbury’s and Aldi, has ceased trading after slower-than-expected take-up of seitan as a meat alternative
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NewsRamsden International returns to profitability despite Brexit disruption
Ramsden International has bounced back to the black despite another challenging year
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NewsMedia Bites 9 August: Wilko, Beyond Meat, UK economy
A specialist investor in struggling retailers is exploring a bid to rescue Wilko
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NewsCoca-Cola HBC lifts growth prospects after better-than-expected first half
Drinks bottler Coca-Cola HBC has hailed a “very good” first-half performance as volumes proved resilient despite higher prices.
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NewsBeyond Meat shares hammered as sales plummet in Q2
Beyond Meat cut losses in the second quarter thanks to lower costs following mass redundancies made in 2022
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NewsCity snapshot: Wet weather dampens UK retail demand
UK retail sales growth fell back in July as damp weather and persistent inflation hit shopper activity, according to the monthly BRC-KPMG retail sales monitor
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NewsSerious Sweets acquires free-from confectionery brand Lexi’s
The acquisitive confectionery group has added a healthier brand to its portfolio with the takeover of mallow and protein bar brand Lexi’s
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NewsMedia Bites 8 August: Food prices, retail sales, Beyond Meat
It’s a quiet morning for fmcg news in the papers, with stories on food inflation and faltering retail sales.
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NewsParfetts sales hit record £634m in latest financial year
The wholesaler said the results had come after a year of investment into protecting retailer margins through an expanded promotional programme
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NewsMeadow acquires sweet sauce maker Naked Foods
CEO Raj Tugnait said the purchase of Naked Foods was “a natural extension of what we already do”.
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NewsMedia Bites 7 August: Wilko, Haleon, Greggs
Buyers circling Wilko face having to invest up to £70m into the ailing discount chain as part of any rescue deal
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NewsCity snapshot: Carr’s CEO Peter Page steps down
Agriculture and engineering group Carr’s has kicked off a search for a new CEO after Peter Page decided to step down from the helm next year.
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NewsBrew By Numbers unsecured creditors ‘not expected’ to see £1m owed
Unsecured creditors owed more than £1m by Brew By Numbers are unlikely to receive any of the money overdue to them from the insolvent south London brewery
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NewsMeatless Farm back on sale in Asda following VFC takeover
The plant-based brand’s core products, including mince, chicken breasts and quarter pounder burgers, have returned to Asda stores this week