Finance news – Page 34
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NewsCity snapshot: Consumers ‘despondent’ ahead of Labour’s first Budget
Confidence had been returning but has now fallen for three months in a row, according to GfK’s monthly index. Plus, Remy Cointreau downgrades guidances after sales fall 16% in the first half of the year.
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NewsJLM Global Foods seeks rescue deal as administration looms
The Grocer understands a pre-pack deal is potentially close to being secured
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NewsMedia Bites 24 October: Disposable vape ban, inflation, online retail tax, the budget
The government has confirmed a ban on disposable vapes will come into force on 1 June
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NewsCity snapshot: Unilever’s shares rise after beating expectations
Unilever and Danone both beat third-quarter sales expectations thanks to selling more products. Also, Kerry Foods continues to battle deflation, and Applied Nutrition announces its valuation before the IPO on Thursday
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NewsCoca-Cola exceeds quarterly expectations due to higher prices
The drinks giant got a boost from higher prices that offset a surprise drop in volumes
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NewsCapvest continues food rebuild with further M&A for Second Nature Brands platform
CapVest was historically a major player in UK food and drink before it sold Valeo Foods and Eight Fifty Food
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NewsMedia Bites 23 October: Amazon tax, McDonald’s e.coli outbreak, Greggs Christmas ad
An e.coli outbreak at McDonald’s in the US generates headlines in this morning’s papers
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NewsCity snapshot: Reckitt’s revenues slide as restructure progresses
Reckitt CEO Kris Licht said its Q3 performance is in line with guidance and it is on track to deliver net revenue and profit targets for 2024. Plus, a Heineken trading update
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NewsOceanSaver returns to the crowd as sales soar
The business sells a range of plastic-free, plant-based cleaning products
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NewsMüller deal to buy Yew Tree Dairy approved by CMA
The deal is set to expand Müller’s milk powder capabilities in both the UK and export markets
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NewsLindt loses market share as chocolate prices rocket
The Swiss chocolatier said its Lindor and Excellence brands were performing strongly
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NewsGourmet delivery service Farmyard Frozen hits ‘game-changing’ crowd raise
Farmyard Frozen is targeting ’cash-rich, time-poor foodies’ with its restaurant-style meals
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NewsMedia Bites 22 October: ‘indie’ beer, Ocado chairman, Post Office shakeup
Small breweries in the UK are ditching the term ‘craft beer’ in favour of ‘indie beer’
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NewsCity snapshot: Virgin Wines returns to profit after cost-cutting mission
Virgin Wines launched several new initiatives last year including new wine discounter Warehouse Wines and a strategic partnership with Ocado
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NewsFormer Tesco UK MD Chris Bush made CEO of global fruit giant Westfalia
Bush will take over later this week at the avocado specialist from acting group CEO Rian du Toit, who returns to his former role of group CFO
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NewsForest Feast owner Kestrel snaps up Indie Bay Snacks from Nurture Brands
The premium pretzel brand, launched by Dafna Bonas in May 2016, sells its low-calorie and low-fat snacks in the grocery, travel and DTC channels
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NewsPure Pet Food fetches £15m backing to support growth
Set up by childhood friends Daniel Valdur Eha and Mathew Cockroft in 2013, the Yorkshire-based business today employs more than 100 staff and serves in excess of 40,000 regular subscription customers
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NewsHip Pop welcomes former Olipop CFO as investor and strategic advisor
Phil Trowler has taken an undisclosed stake in the brand
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NewsWhitby Seafood profits dampened by failed Kilhorne Bay acquisition
Whitby’s attempt to buy Kilhorne Bay Seafoods was blocked by the CMA
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NewsCity snapshot: Sharon White appointed Frontier Economics chairman
Dame Sharon White is to take on the role of chairman of economic consultancy Frontier Economics, replacing Gus O’Donnell, who has held the post for the last 11 years