Finance news – Page 31
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NewsCity snapshot: Sainsbury’s confident of ‘strong’ Christmas as Taste the Difference lifts sales
Sainsbury’s has entered the golden quarter in good shape as its premium Taste the Difference offering helped boost sales in the first half. Plus, first-half results from Tate & Lyle and a trading update from Kitwave
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NewsMedia Bites 7 November: M&S results, Trump win, Christmas ad spend
Marks & Spencer has reported a jump in profits but warned measures in last week’s budget could cost it more than £60m
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NewsKP Snacks enters nut butters with Whole Earth Foods deal
KP Snacks has moved into the nut butter category with the acquisition of branded leader Whole Earth Foods
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NewsCaffè Nero Group completes second acquisition in a month with FCB coffee
The brand is the sixth acquisition by the group since 2016
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NewsGraze cuts costs ahead of Unilever integration
Unilever decided to integrate Graze after it made a loss in every full year since it was purchased
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NewsBudget measures to heap £120m in added costs on M&S, says chief
Stuart Machin said ‘we don’t want to pass on these costs to our customers’ through price rises but ‘can’t rule anything out’
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NewsMedia Bites 6 November: Asda, air fryers, farming strikes
Farmers are reportedly planning strike action in response to plans to introduce a 20% inheritance tax on farms
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NewsCity snapshot: M&S has ‘so much to do’ as profits beat expectations
Pre-tax profits surged 17% in the first half of the year, propelled largely through its food business. Also, Domino’s Pizza returns to sales growth and Glanbia announces major restructure
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NewsJNCK Bakery raises £200k to support Tesco launch
JNCK became one of Tesco’s latest recruits for its new Accelerator Programme
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NewsKinKind hits target for UK and US expansion
The business makes plastic and water-free bathroom products
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NewsTazaki Foods buys Finnish wholesaler to boost Japanese food presence
Tazaki Foods is the largest importer and distributor of Japanese food and drink in the UK
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NewsKepak buys Summit Foods to enter sandwiches and frozen for first time
Summit Foods specialises in chilled and frozen convenience foods
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NewsRobertshaw’s to open store on former Keelham Farm Shop site
Fourth-generation family business Robertshaw’s already operates a farm shop in Thornton, Bradford
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NewsFresca Group sales breach £500m mark in robust year of growth
In its annual report for the period ending 26 April 2024, the company reported an increase in turnover of 13.8% up from £459.4m in the year before
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NewsNorthern Monk closes crowdfunding campaign after raising almost £2m
The raise has seen nearly 2,000 investors join the brewer
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NewsMedia Bites 5 November: shoplifting, Sainsbury’s/M&S, Tobacco and Vapes Bill
Shoplifting remains in the spotlight in this morning’s papers, with impending results from M&S and Sainsbury’s also in focus
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NewsCity snapshot: Associated British Foods delivers better-than-expected profits
Profits at Associated British Foods have beaten market forecast thanks to margin recovery at Primark and “good growth and strong profitability” in the food division. Plus, interims from Distil, a trading update from Hilton Food Group, Q3 results from Coca-Cola Europacific Partners and the latest retail sales data from the BRC and spending report from Barclays
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NewsOzempic and supermarket health targets 'would halve obesity’
However, the report stops short of recommending taxes on the food and drink sector because of the danger they would push up food prices
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NewsWincanton and GXO merger could raise prices for customers, watchdog says
The CMA launched an investigation into the £760m deal in September
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NewsLancashire Farm Dairy sees profits double due to new listings
The yoghurt maker posted ‘record’ results in the year to 31 January 2024