Finance news – Page 106
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NewsSchools forced to use own budget to feed children, says charity
School Food Matters is calling for the government to revise its budget for school food and extend free school meals provisions
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NewsInvestment crisis threatens recovery of food and drink companies
The FDF’s State of Industry survey for the first quarter of 2024 found half of food and drink businesses planned to maintain low levels of investment in the coming year
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NewsMedia Bites 20 May: Morrisons, Fairtrade, M&S
The French conglomerate Bouygues is seeking to block Morrisons’ £2.5bn deal to sell its petrol forecourts
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NewsCity snapshot: Volumes rise at Hilton thanks to good Easter trading
Meat and fish processor Hilton Food Group has benefitted from a “strong” Easter in the UK and Ireland, pushing volumes and revenues higher in 2024
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NewsCity News: Britvic enjoys double-digit share boost as volumes increase
Robinsons supplier Britvic enjoyed a double-digit boost to its share prices this week
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NewsPremier Foods hails volume growth return
Premier Foods has returned to volume growth and pricing stability, and is now mooting M&A to further boost its branded portfolio
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NewsCity snapshot: GSK exits Haleon with £1.25bn share sale
Pharma giant GSK has exited its investment in its former healthcare arm Haleon after selling off its final stake in the demerged business
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NewsMedia Bites 17 May: Premier Foods, Walmart, Morrisons/lamb
Promotional price cuts to kitchen cupboard staples and the suspension of pension deficit contributions have helped to drive a double-digit rise in annual profits at Premier Foods
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NewsPricecheck sales surge past £150m for the first time
The results mark the 10th consecutive year of growth for the company
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NewsCity snapshot: Premier Foods returns to volume growth after bumper year
Premier Foods has posted a double-digit rise in sales and profits as it gained market share and volumes returned to growth in its fourth quarter
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NewsMedia Bites 16 May: Britvic, Imperial Brands, Compass
Britvic beat analysts’ forecasts and reported a sharp increase in profit after strong growth in established brands including Pepsi Max and Fruit Shoot
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NewsDiscount Dragon owner Huddled Group plots UK surplus goods ramp-up
The owner of e-commerce brand Discount Dragon is plotting a significant scaling up of its surplus fmcg goods operations to take advantage of booming demand for cheaper branded goods
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NewsPepsiCo invests £8m into Pipers Crisps factory to meet demand
The funding will cover the installation of energy-efficient crisp fryers and packaging machines
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NewsMedia Bites 15 May: Greggs, Tesco/Ken Murphy, Brexit borders
Rising wages continue to take a bite out of profit margins at Greggs
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NewsCity snapshot: Britvic growth fizzes in first half as volumes rise
Britvic has hailed an “excellent” first-half performance as rising volumes helped the soft drinks giant boost revenues and profits. Plus, interim results from Imperial Brands and Compass Group
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NewsTango in ‘multimillion-pound’ push for flagship orange variant
The campaign is the second to come out of Tango’s new ‘dangerously potent flavour’ brand platform
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NewsPots for Tots pushing for retail growth with six-figure funding
Healthy children’s food brand Pots for Tots has raised £400k to expand its offering further into retail
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NewsBepps appoints liquidators as access to funding dries up
Healthy snacking challenger Bepps has ceased trading after an attempt to secure funds to support working capital failed
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NewsKinKind in £500k funding drive to enter retail channel
More than half the funding is already committed by angel investors, with the business aiming to bring additional backers on board by the end of June to complete the round