Finance news – Page 114
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NewsHancocks owner Innovative Bites acquired by private equity firm
Innovative Bites said the deal would strengthen its position in the UK confectionery and snacks sector while pushing expansion
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NewsMedia Bites 10 May: John Lewis Partnership, Sainsbury’s, John Allan
The boss of John Lewis will face a vote of confidence on Wednesday, amid growing staff anger at her leadership
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NewsCity snapshot: Compass lifts full-year profit outlook as pandemic recovery continues in first half
Workers returning to the office have helped Compass boost first-half profits past £1bn as the catering giant continued its recovery from the pandemic
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NewsOatly hires new CEO to take over from Toni Petersson
Oatly has appointed a new CEO following a difficult two years since the alternative milk brand’s IPO
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NewsCity snapshot: UK retail sales growth stagnates amid weak clothing performance
UK retail sales growth remained flat in April as sales volumes stayed well below inflation and consumer demand showed signs of weakening
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NewsMedia Bites 9 May: Egg shortages, Morrisons, John Lewis, inflation
All the food and drink news over the coronation weekend, including egg shortages, animal welfare concerns at Morrisons and a secret confidence vote for John Lewis chariman Sharon White.
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NewsPrice hikes at Kraft Heinz drive higher profit expectations
Kraft Heinz has become the latest global food giant to raise profit forecasts after price hikes helped expand margins
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NewsSnaffling Pig raises six figures to fight back from recall ‘crisis’
Pork snacking brand Snaffling Pig has raised a six-figure sum to regrow the brand following a damaging product recall last year
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NewsCultivated petfood supplier Good Dog Food raises £3.6m
Good Dog Food has raised the seed financing to fund its efforts to create slaughter-free alternatives for petfood
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NewsHeck reduces range to focus on core, profitable lines
The group has dialled back its category expansion ambitions after falling to a loss last year
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NewsCity snapshot: Pernod Ricard takes out first sustainability-linked loan
The loan will be linked to two sustainability commitments
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NewsMedia Bites 5 May: Food price inflation, AB InBev, Coronation shopping
Rishi Sunak is to hold talks with supermarket bosses, trade bodies and farmers this month to address concerns over surging food prices and wider industry issues
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NewsCity snapshot: SSP expands in North America with Midfield acquisition
Travel food retail specialist SSP Group has grown its business in North America with the acquisition of the concessions business of Midfield Concession Enterprise. Plus trading updates from Virgin Wines and Domino’s Pizza Group
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NewsMedia Bites 4 May: Unilever, food inflation, Haleon
Shareholders have staged a revolt against Unilever’s pay for bosses over concerns about excessive rewards
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NewsMcCain and NatWest offer funding for sustainable farming
The initiative aims to reduce financial barrers for potato farmers transitioning to sustainable agricultural practices
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NewsKraft Heinz raises earnings expectations following price hikes
Price hikes have driven strong growth in first-quarter sales and helped to expand margins
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NewsBlack Sheep Brewery poised to enter administration
The Yorkshire brewer Black Sheep has issued a notice to appoint administrators after failing to find new funding
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NewsCity snapshot: Grocery sales growth falls back despite bumper Easter
Grocery sales growth fell in April as sales volumes dropped, despite a strong Easter with £3.1bn spent at the tills
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NewsMedia Bites 3 May: THG, Starbucks, Ocado
A former chief executive of Coty has been drafted in to help Apollo Global Management draw up a firm offer for THG
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NewsFrozen food wholesaler Hopwells acquires Windsor Foodservice
Hopwells said the deal formed part of a strategic plan to expand its geographical reach and overall offering