Finance news – Page 11
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NewsTGI Fridays UK buyer looks to sell just weeks after purchase
Sky News reported financial advisory firm Interpath had been appointed to explore options for the business
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NewsLarger startups to benefit from budget venture capital trust shake-up
New rules coming into effect from April 2026 will allow VCTs to invest up to £24m in each company they support, up from a previous £12m cap
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NewsHilton Food Group shares perk up after exit of CEO
Steve Murrell’s departure from the role was announced early on Thursday morning
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NewsOcean Fish Group acquired by Falklands-based Fortuna
Ocean Fish, Cornwall’s oldest fishing and processing import-export business, said its acquisition by Fortuna, announced on Tuesday, would help it deliver £100m in turnover by 2030
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NewsHilltop Honey boosts capabilities with ‘multimillion-pound’ Newtown factory
Hilltop can now manufacture sweet pie fillings, condiments and peanut butter
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NewsRémy Cointreau claims ‘new era’ will deliver return to growth
New boss Franck Marilly said it’s ‘time to challenge the way we think’
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NewsUnilever in advanced talks to sell Graze to Katjes
Unilever is close to selling underperforming snacking brand Graze to Germany’s Katjes at a discount price
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NewsInflation-linked booze duty rise a bitter mouthful for producers
Chancellor Rachel Reeves has ignored pleas for a freeze on alcohol duty, confirming it will rise with RPI to maintain its current real-terms value
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NewsVincarchy to ‘rationalise’ portfolio by culling non-core labels
The majority of labels at risk were ‘no longer trading or in single markets or channel’, Vinarchy insisted
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NewsCake Box revenue soars as new stores and acquisitions power growth
Cake Box’s revenue has soared by more than half, as new stores and the purchase of Asian sweetmaker Ambala power strong growth
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NewsPets at Home to get ‘firm grip’ on issues under interim CEO
Losing share against a flat market, Pets at Home’s retail division has failed to take advantage of new trends for premium ‘advanced nutrition’ petfoods
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NewsWH Smith comes under scrutiny from finance watchdog after accounting blunder
WH Smith has come under scrutiny from the UK’s financial watchdog, as it seeks to understand whether the publicly-traded retailer may have broken financial disclosure rules
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NewsSunrise Bakery lives to see another day following pre-pack deal
A third party immediately bought the business, allowing the business to keep trading, with no redundancies made
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NewsTreatt CEO departs after shareholders reject takeover bid
CEO David Shannon recommended a sale valuing Treatt at £170m
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NewsAsda hit by Fitch ratings downgrade as turnaround stutters
Ratings agency Fitch pushed the long-term default rating on Asda parent company Bellis Finco’s borrowings further into junk territory, downgrading it from ‘B+’ to ‘B’
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NewsEmmi acquires English Cheesecake Company to bolster dessert credentials
The bolt-on acquisition is designed to strengthen Emmi’s desserts portfolio and position it as a ‘category champion’
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NewsSupreme to pursue further acquisitions as diversification pays off
The company remains ‘ideally placed’ to expand its drinks and wellness business, it said in H1 results this morning
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NewsCompass Group achieves double-digit profit growth
For the year to 30 September 2025, operating profit grew by 11.7% to $3.3bn
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NewsCranswick delivers meaty growth as chicken sales soar
The results were welcomed by markets, with the company’s share price up 3.5%
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NewsDog ice cream maker Baboo launches £300k crowdfunder
Targeting strong growth in demand for premium and ultra-premium ice creams, the business has opened up a three-week crowdfunder