Finance news – Page 11
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NewsMagnum unveils vision for growth outside of Unilever
The Magnum Ice Cream Company has unveiled its vision for growth after its official split from Unilever in November 2025
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NewsFever-Tree’s profits fall after Molson Coors tie-up
Molson Coors bought a stake in Fever-Tree this year as part of a deal to produce, distribute, and sell the drinks brand in the US
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NewsTHG profits down a third due to high whey prices
But the company said trading momentum is building with strategic model changes now bearing fruit
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NewsJohn Lewis Partnership racks up losses in pursuit of rivals
The group insisted it is still ‘well positioned’ to deliver full-year profit growth
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NewsHeineken ups stake in Served but ditches Rum Stripe after sales flop
The brewer paid £2.4m to increase its minority shareholding in Served to 40% last year
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NewsAssociated British Foods struggles with losses for Allied Bakeries and sugar business
ABF CEO George Weston said in a trading update this morning that he was ‘pleased’ with how the group performed in the second half of its financial year
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NewsBen & Jerry’s co-founders intervene in Magnum investor day to demand divestment
The co-founders of Ben & Jerry’s have called on The Magnum Ice Cream Company to release the brand from its ownership, as a dispute over the “erosion” of Ben & Jerry’s progressive voice boils over
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NewsPret a Manger unveils meal deals and US expansion as 2024 sales jump
The new medium-term strategy will see Pret doubling down on value to grow transactions and increase food-to-go market share
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NewsSOS Wholesale enters administration as majority of staff made redundant
The discount delivered wholesaler has suffered from rising input costs and changing consumer spending habits over recent months
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NewsMomo Kombucha raises £2m in biggest funding round to date
The cash – raised from 24 angels, including Brixton Brewery co-founder Jez Galaun and Natoora founder Franco Fubini – is earmarked for a new fit out of the brewery at New Covent Garden Market to help the business scale faster
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NewsLuke’s Bakery ready for next chapter as Pipers Crisps founders invest
Sourdough startup Luke’s Bakery has scored backing from two experienced food industry figures
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NewsEvri-DHL merger wins unconditional approval
The Competition & Markets Authority has cleared a proposed merger between Evri and DHL, creating a combined group capable of delivering more than a billion parcels each year
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NewsRetailers cautious ahead of ‘golden quarter’ despite strong summer
The autumn budget will fall just days before Black Friday, making retailers uneasy about its impact on Christmas spending
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NewsPets Choice swoops for Kennelpak brands
Petfood manufacturer Pets Choice has swooped for several brands from collapsed wholesale petfood supplier and distributor Kennelpak
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NewsCapVest-owned Natra expands into peanut butter with Bredabest deal
The move would create a ‘powerhouse in sweet spreads and confectionery, combining expertise, innovation and scale to better serve customers across Europe and beyond’, according to Natra
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NewsTreatt sells up in £160m private equity takeover
Treatt has come under immense pressure from investors this year after twice downgrading its profit guidance
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NewsDomino’s enters fried chicken market amid faltering pizza sales
In contrast to the struggling pizza market, Brits’ insatiable appetite for fried chicken shows no sign of slowing
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NewsItsu Grocery credits NPD for 20% leap in turnover
UK turnover leapt 20% to £57m at Itsu’s grocery wing in 2024
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NewsGhost Ship’s Adnams tacks against headwinds to slash losses
Ghost Ship brewer Adnams has overcome sales headwinds to slash its operating losses by two-thirds (62.1%) in the first half of 2025
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NewsPlant-based plastic alternative company secures $14m funding
Xampla said it would use the cash injection to replace more than 10 billion units of the most polluting single-use plastics, including the plastic linings found in takeaway boxes, coffee cups and sachets