Finance news – Page 11
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NewsConsumer caution impacts September footfall
‘Low consumer confidence ahead of a potential tax-rising budget kept many shoppers away from retail locations in September,’ said BRC CEO Helen Dickinson
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NewsDamm opens UK brewing outpost following £70m investment
The brewery has a capacity of 1.8 million hectolitres per year
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NewsPrinces Group confirms intention to float in London
Liverpool-headquartered Princes Group has this morning confirmed its intention to float on the main market of the London Stock Exchange
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NewsPepsiCo beats expectations in Q3 despite slipping volumes
PepsiCo’s better-than-expected results came despite a 4% drop in organic volumes at its troubled North American food and beverage businesses
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NewsCoco Chocolatier snaps up Seed & Bean’s IP for undisclosed sum
Seed & Bean was founded by Stephen Rudkin in 2005
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NewsAll Things Butter raises £2m to spread into new categories
Dairy disruptor All Things Butter has scored a seven-figure investment to support the brand as it develops new products, grows distribution and expands internationally
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NewsGosh Food returns to growth despite third loss-making year
Gosh overcame a tough foodservice and discounter market to raise revenues to £18m overall in the year to 31 December 2024
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NewsUpper Crust owner launches £100m share buyback amid takeover rumours
An activist investor is reportedly encouraging private equity groups to launch a takeover bid
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NewsVibrant Foods turnaround plan shows green shoots
The company has now accelerated turnover growth from the 2% like-for-like growth achieved in 2023 to a topline 5.6% growth to £191.7m, as a turnaround plan started in early 2023 took hold
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NewsTropicana ‘on the right path’ for growth after trimming portfolio
Tropicana Brands Group is ‘on the right path for future growth’ after a tough 2024 spent cleaning up its portfolio, navigating delistings and handling rocketing orange juice costs
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NewsMotor Fuel Group revenue soars nearly £2bn to £7bn
The 37.3% jump in turnover – an increase of £1.9bn – gave MFG a £62.5m bump to operating profits
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NewsGreencore upgrades profit expectations as boss praises ‘exceptional year’
Greencore CEO Dalton Philips has praised ‘an exceptional year’ for the sandwich maker as the group raised its annual profits guidance
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NewsSunrise Alliance Beverages to streamline Gipsy Hill operations
Sunrise Alliance Beverages is to shift production of Gipsy Hill’s core range beers out of London, impacting a number of production roles in south London
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NewsRoberts Bakery prepares for administration with hundreds of jobs at risk
Roberts Bakery filed a notice of intention to appoint an administrator with the courts yesterday
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NewsB&M launches ‘decisive’ turnaround as profits fall again
The discount retailer is under pressure due to declining profits and stagnant growth
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NewsForest Road Brewery sold in pre-pack administration as investment collapses
The pre-pack sale was completed to the tune of £370k
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NewsChaiiwala sales jump 35% amid global expansion
Chaiiwala opened 24 new stores in 2024, including 15 in the UK across a variety of formats such as drive-thru sites and travel locations
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NewsDr Oetker boosts profits after cost-cutting success
Maintaining market share in 2024, Dr Oetker increased revenues 2.6% to £239.5m
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NewsPilgrim’s Europe records profitable growth despite dip in revenue
The consolidated accounts for FY24 represent the first full-year trading period since the integration of Pilgrim’s UK, Moy Park and Pilgrim’s Food Masters into the unified Pilgrim’s Europe structure
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NewsIBS-friendly mission continues at Bay’s Kitchen after founder’s passing
IBS-friendly sauce maker Bay’s Kitchen has found a new leader and secured fresh funding to continue its mission, eight months after the death of its founder Bay Burdett