Finance news – Page 138
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NewsCity snapshot: Cake Box profits squeezed by rising costs
Profits have crumbled at fresh cream cakes retailer Cake Box as rising ingredients costs and low consumer confidence put pressure on the group’s bottom line. Plus, PZ Cussons agrees a new £325m credit facility
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NewsMedia Bites 14 November: Autumn Statement, M&S, Morrisons
It is a quiet weekend in the papers for fmcg news as headlines focus on the upcoming Autumn Statement.
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NewsCity News: M&S share renaissance falters on downgrades
A recent renaissance for Marks & Spencer shares came to an end this week as the retailer warned conditions on the high street would be even more challenging next year, with margins under pressure across the sector.
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NewsCity snapshot: OC&C 150 illustrates pre-crisis recovery for big food businesses
The UK’s 150 biggest suppliers bounced back to the industry’s highest growth rate for three years ahead of the cost-of-living crisis earlier this year.
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NewsDealmaking activity in F&B slows to a trickle amid inflationary headwinds
M&A activity in food and drink ground to a halt in the third quarter as economic volatility decreased investor appetite in the sector.
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NewsBio & Me lands funds to boost gut health awareness
Rapidly growing challenger Bio & Me has secured a seven-figure investment as it seeks to further drive consumer awareness of the importance of gut health.
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NewsMedia Bites 11 November: Tampon tax, B&M, WH Smith, Haleon
A full morning of fmcg news in the papers picking up on the latest results from B&M, WH Smith and Haleon as well as a report showing retailers failed to pass on tax savings on tampons.
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NewsBirds Eye owner Nomad hikes prices to boost sales
Nomad has delivered ‘strong’ sales growth in the third quarter after raising its prices by more than 10% to offset soaring input costs
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NewsHarry Kane invests in healthier doughnuts brand Urban Legend
Kane said he ‘very much admired’ the startup’s approach to making healthier versions of ‘the treats we all love’
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NewsCity snapshot: WH Smith back in the black as travel recovery takes flight
WH Smith has swung back into the black as its travel division experienced a significant recovery from the pandemic. Plus, interims from B&M and Tate & Lyle, and Q3 updates from Haleon and Domino’s Pizza.
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NewsMedia Bites 10 November: M&S, John Lewis, JD Wetherspoon
The papers pick up on the latest results from M&S and the Christmas advert from John Lewis.
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NewsSauce Shop eyes more shelf space with backing of former Samworth boss
The condiments challenger is aiming to become a household name after securing backing from an angel syndicate led by Flor Healy
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NewsCity snapshot: Rising costs dent M&S food profits and slowing demand pushes Ocado Retail into the red
Profits have shrunk in Marks & Spencer’s food operation and its online joint venture with Ocado fell to a loss, with the group warning that market conditions would become even more challenging next year.
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NewsMedia Bites 9 November: ABF/Primark, avian flu, grocery inflation, Hilton Food Group
In a packed morning of fmcg and retail coverage, the papers report varying coverage of Associated British Foods latest annual results.
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NewsABF to push through further grocery price increases
Associated British Foods is planning further price hikes for its range of grocery brands to manage soaring inflation.
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NewsHilton Food Group warns of lower profits amid slow progress passing on inflation
Shares in Hilton Food Group have slumped following another profits warning
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NewsCity snapshot: Record high grocery inflation sends shoppers flocking to Aldi and Lidl
Grocery price inflation has hit a new record high resulting in cash-strapped households turning to the discounters and own-label ranges to manage stretched budgets, according to the latest Kantar figures. Plus, annual results from Associated British Foods, a trading update from Hilton Food Group, a Q3 update at Coca-Cola HBC, the latest monthly data on retail sales from BRC-KPMG and consumer spending from Barclaycard, and Britvic is searching for a new CFO.
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NewsMedia Bites 8 November: food poverty, Christmas, DS Smith
The big supermarkets need to step up support for low-income customers marooned in England’s “food deserts” to enable them to readily access healthy groceries during the cost of living crisis, according to the consumer group Which?.
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NewsJus-Rol takeover by Cérélia in doubt as CMA warns of higher prices
An in-depth investigation into the takeover of Jus-Rol by bakery giant Cérélia has concluded the deal could push up prices and lower quality in the home baking category.
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NewsPots & Co suffers 29% sales drop for 2021 due to pandemic
Newly filed accounts show sales fell 28.6% in 2021 from £13.9m to £9.9m