Finance news – Page 15
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NewsPets at Home recruits new CFO from PZ Cussons
The retailer is rebuilding its top team amid declining sales
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NewsHilton Foods sells Fairfax Meadow to Sysco for £54m
Hilton bought the business in 2021 to help it expand into foodservice
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NewsSOS Wholesale employees take action to secure payout
Pearson Solicitors is working with ‘concerned employees’ to review the redundancy process
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NewsStarbucks to shutter cafés in £750m turnaround plan
The world’s biggest coffee chain is battling slowing sales due to high prices and strong competition
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NewsPots for Tots bags £500k in third funding round, goes international
The funding would be used to ‘fuel the next phase of ambitious growth’, said Pots for Tots founder and CEO Cherrelle Beckitt
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NewsProper Snacks sales back on track with new factory
Proper Snacks was taken over by private equity in 2021 and merged with Eat Real
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NewsJohn West returns to profit as costs stabilise
John West Foods has returned to profitability as the canned fish importer benefitted from falling input costs, according to accounts filed to Companies House
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NewsKTC Edibles tripled profits ahead of sale to Whitworths
Despite rising profits, revenue for KTC Edibles has dropped for the second year in a row
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NewsChapel Down sets sights on convenience stores in expansion drive
Chapel Down CEO James Pennefather said he saw ‘plenty of plenty headroom’ to accelerate the brand’s growth further.
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NewsCo-op cyberattack to cost £120m in lost profits
Co-op’s stores suffered widespread availability issues for two weeks in May
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NewsEnglish sake brewer Shogun Sakes raises £550k
Sake is flourishing in the UK with new specialised bars and breweries opening
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NewsHere We Flo picks up £3m funding round and Chelsea FC partnership
The £3m will be dedicated to marketing and working capital as the low-carbon, vegan and organic tampon and pad company Here We Flo seeks rapid expansion
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NewsChapel Down makes global drive to steal champagne’s fizz
The English winemaker is launching a new strategy under its new leadership team
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NewsGrenade slumps to a loss as revenue corrects off Oreo craze
Protein bar maker Grenade has collapsed into a loss, according to its company accounts, as revenue corrected sharply downwards from a 2023 growth spurt
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NewsMolson Coors names strategy whizz as new CEO
The new Molson Coors CEO will step up to replace Gavin Hattersley, taking up the post on 1 October
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NewsHeinz UK sales stabilise after troublesome few years
Heinz’s volumes fell almost 20% as shoppers turned to own-label ketchups and beans to save money
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NewsGerman pretzel chain Ditsch eyes hole in UK market with WorldBake deal
WorldBake’s team will transfer to a new company set up by Ditsch to take on WorldBake’s assets, client list and staff by the end of October
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NewsBRC warns government risks ‘losing the battle against inflation’
Food inflation hit 5.1% in August, inching higher than the 4.7% increase in wage growth averaged over May-July
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NewsRapidly growing Regal Foods snaps up Suncrest drinks brand
Regal said the purchase of Suncrest was a ‘milestone’ in its growth journey
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NewsPremier Foods backs Ambrosia porridge pot with £19m investment
Having already invested £9m since 2023 in new custard filling and high-speed packing lines, Premier will now put £10m into building a custard plant at Ambrosia’s Lifton site in Devon