Finance news – Page 3
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NewsMajestic Wine bemoans ‘highly complex’ duty reforms as profits tumble
The specialist retailer saw pre-tax profits fall by almost 50% from £14.3m to £7.7m in the year ended 31 March 2025
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NewsBooker will be ‘incredibly competitive in 2026’ despite sales dip
Ken Murphy says Booker will do ‘everything in its power to be very competitive and minimise cost to retailers’
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NewsHovis-Kingsmill merger fast-tracked by CMA to full investigation
The announcement came the same morning as ABF warned of lower profits than expected in an unscheduled trading update
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NewsGreggs Christmas sales up 2.9% but outlook remains subdued
Greggs’ sales in the three months to 27 December increased by 7.4% with like-for-like growth of 2.9% – an improvement on the 1.5% reported in the third quarter
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NewsM&S pulls in record number of Christmas shoppers
Food sales hit £2.7bn in the 13 weeks to 28 December, up 6.6% overall and up 5.6% in like-for-like terms, as the grocer delivered 2.3% UK volume growth
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NewsTesco hits decade-high market share thanks to strong Christmas
Sales at the supermarket improved by 3.2% in the UK over the six weeks to 3 January, with the group growing at a slower pace of 2.4% as a 2.1% decline at Booker dragged down the overall figure
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NewsValeo boosts underlying profits 25% despite lower Irish sales
Valeo Foods boosted its underlying operating profits by 25% in FY25, as the group’s strategic shift toward sweet treats brought in significant growth abroad
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NewsYeo Valley sales surge on yoghurt demand but margins squeezed
CEO Rob Sexton told The Grocer the investments in automation and production capacity would now support future economies of scale and further growth
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NewsBacardí blames rising duty burden as UK sales slide continues
The Bombay Sapphire supplier’s sales declined by a greater rate than in the year prior
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NewsGrowUp creditors owed £120m in vertical farming administration
A new report prepared by insolvency practitioners also revealed the price paid by former CEO Marcus Whately and PE backers to buy the vertical farming site in Kent
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NewsHarlech Foodservice sales surge to £30m as expansion pays off
Sales rocketed after Harlech opened new depots in south Wales and Shropshire
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NewsKenyan beer firm seeks to block Diageo EABL $2.3bn stake sale
Diageo’s planned EABL stake sale is the latest in a series of disposals by the group in Africa
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NewsOcado grows fastest amid shift to online Christmas ordering
Shoppers increasingly turned to delivery for the ‘big Christmas shop’ in 2025
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NewsApple and pear growers facing continued rising costs
New analysis commissioned by British Apples & Pears from Andersons Farm Consulting has revealed that persistent inflationary pressures across key areas of orchard management and post-harvest operations are still having an impact
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NewsCompleat Food Group sales pass £1bn for first time
Alongside organic growth, the performance was supported by a series of strategic acquisitions, including SK Foods and Zorba Foods and speciality food producer Harvey & Brockless in 2024
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NewsDalston’s raises £850k and hires new MD for growth push
Sorven Capital led the new round, and the funding will be used to expand distribution and support increased marketing and in-store activations
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NewsMorrisons to close Rathbones bakery with 115 jobs at risk
It’s the second time in two years Morrisons has announced it would close the Wakefield site, after a restructure last year failed to stem losses
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NewsUK distributor North South Wines swoops for When in Rome brand
When In Rome sells a range of Italian wines in the UK in sustainable packaging formats including cans, bag-in-box and paper bottles
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NewsChristmas volumes under pressure despite highest ever supermarket sales
Supermarket sales in December hit a record £13.8bn but volumes declined as growth came in below grocery inflation, with hard-pressed shoppers leaning heavily on promotions in the run-up to Christmas
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NewsFood prices rise at a faster pace in December
Rising food prices led to a rise in overall retail inflation in December and pushed shoppers to seek out savings ahead of Christmas, new data out this morning has revealed