Finance news – Page 108
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NewsMedia Bites 8 May: Morrisons, pubs, tea
Sandpiper CI has sold most of its supermarket franchises to the company that owns and runs Morrisons in the UK and Gibraltar
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NewsDale Farm invests record £70m in cheddar production
The expansion marks one of the largest-ever single investments by a Northern Ireland agri-food company and is expected to boost production by 20,000 tonnes per year
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NewsBuxton Brewery ‘looking at all options’ to ward off administration threat
The Derbyshire brewer blamed low consumer confidence and post-Covid difficulties for its plight
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NewsCity snapshot: UK retail sales slump in ‘dismal’ weather
UK retail sales fell back in April signifying a ‘depressing start to Spring” as wet weather suppressed activity
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NewsMedia Bites 7 May: Asda, Heineken, UK farming
Asda’s owners created nearly £1.5bn of new liabilities to finance a buyout of a petrol stations busines
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NewsCity News: Haleon shares take hit as sales volumes swing backwards
Shares in consumer health giant Haleon took a hit this week after sales volumes went backwards in the early months of 2024 to undershoot expectations
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NewsCity snapshot: Diageo announces CCEP’s Nik Jhangiani as CFO
Diageo has announced Nik Jhangiani will become its CFO later in the year. Plus, Asda refinances £3.2bn of debt and all the rest of the news from the City
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NewsPremier Foods to exit frozen pizza bases amid focus on brands
Premier Foods is to exit the frozen pizza category and close a factory employing 57 staff as it continues to focus on branded growth
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NewsMedia Bites 3 May: Diageo, bird flu, inflation
There is very little in the way of news on the fmcg industry in this morning’s papers
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NewsUK Salads collapsed owing its creditors £18m, report shows
The Essex-based greenhouse operator was a key supplier to Aldi and fell into administration in February
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NewsGetir franchisees sell off freezers following rapid grocer’s UK exit
Franchisees said they faced losing more than half their investment following the company’s decision to pull out of the UK to “focus its financial resources on Turkey”
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NewsCity snapshot: UK grocery growth slows as inflation eases
UK grocery sales growth slowed last month as food price inflation continues to ease and shoppers cut back after Easter
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NewsMedia Bites 2 May: Haleon, cost-of-living, Starbucks
Panadol and Advil maker Haleon is in focus this morning after disappointing results
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NewsHain Celestial slims down meat-free Linda McCartney’s range in the UK
Hain Celestial is slimming down its plant-based Linda McCartney’s range as part of its ongoing turnaround strategy
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NewsRare & Pasture and Tempus Foods merge to power up charcuterie brands
Charcuterie brands Rare & Pasture and Tempus Foods have agreed a merger in a bid to expand production and sales of their ethically sourced meat products
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NewsCity snapshot: Haleon grows first quarter sales on price increases
FTSE 100 consumer health player Haleon has posted a ‘solid’ start to the year, despite a volume and headline revenue decline in the first three months of 2024.
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NewsMedia Bites 1 May: US fmcg, McDonald’s, Lidl
The world’s largest food and drinks companies have said that poorer consumers in the US are cutting their spending in the face of persistent price rises
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NewsHunter & Gather hires finance and sales directors ahead of retail growth push
Hunter & Gather has appointed two experienced fmcg players to its team as the brand’s first-ever sales and finance directors
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NewsGeneral Mills acquires premium petfood brand Edgard & Cooper
General Mills has swooped for premium petfood challenger brand Edgard & Cooper as the US consumer packaged goods giant continues to reshape its portfolio
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NewsDavid Wood Baking agrees eight-figure credit facilities as it recovers from fire
David Wood Baking has secured an eight-figure credit facility to help it bounce back from a devastating fire at one its factories late last year