Finance news – Page 37
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NewsPepsiCo steadies ship with positive Q2 trading
PepsiCo sales have rallied after a difficult start to the year, with its European division leading the charge
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NewsPremier Foods grocery sales hit by heatwave as demand for gravy, stock and soup falls
Revenues at Premier Foods were almost flat in the first quarter as a leap in sweet treats covered for a slump in grocery sales
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NewsOcado Group focused on moving to positive cashflow after ‘strong’ first half
Ocado Group has delivered a ‘strong’ first-half performance as revenues increased 13.2% to £674m and underlying adjusted profits almost doubled
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NewsMcBride shares tank on worries own-label boom has peaked
Shares in McBride have tumbled as the household cleaning product manufacturer warned of a potential slowdown in the booming demand for own label in supermarkets
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NewsWilkin & Sons returns to profit as jam maker sees light at end of ‘very long and dark’ tunnel
Wilkin & Sons has bounced back to the black as the spreads manufacturer boosted revenues and got to grips with soaring input costs
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NewsFood & drink sector most bullish on mergers & acquisitions in 2025
Around five in six leaders in the UK and Irish food and beverage industry expect an increase in M&A in the sector over the next year
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NewsHungryPanda wins £11.7m payout after acquired business breaks contract
After receiving an initial sum worth $45.2m in December 2021, Easi’s owners withheld IT assets from HungryPanda vital to the business’ operation
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NewsDiageo CEO Debra Crew steps down by mutual agreement
The London-listed spirits company is searching for a new boss to lead turnaround efforts
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NewsCarlsberg Britvic to invest in £4m West Midlands logistics depot
The new depot will be designed with a focus on energy efficiency
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NewsOatsu to get Channel 4 TV ad as founder triumphs at ‘Small Business, Big Break’ competition
The challenger overnight oats brand will take a share, along with two other winners, of a marketing package worth more than £300k
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NewsSurprise jump for UK inflation as food prices continue ‘concerning’ rise
Food prices have climbed for the third month in a row, reaching their highest level for more than a year
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NewsRTD challenger Arrowtown Drinks in £400k fundraise to fuel growth
The brand said its revenues were forecast to grow by 300% this year
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NewsHilton Foods secures £22m investment into Foods Connected
Hilton Foods has secured £22m of investment for its supply chain management platform Foods Connected
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NewsB&M UK back in like-for-like sales growth in Q1
B&M UK like-for-like sales were up 1.3% in the 13 weeks to 28 June, assisted by drier weather and Easter timing, according to the retailer
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NewsInflation on supermarket shelves drives surge in UK food sales
Soaring prices in supermarkets has fuelled a jump in UK food sales in the past month, as volumes in store remained under “sustained pressure” and consumer confidence continued to drop
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NewsBakkavor completes £50m exit from China
The cash sale – for CN¥509m (£50m) – is expected to make Bakkavor a net profit of at least £18m
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NewsPladis ploughs £68m into McVitie’s and Jacob’s factory upgrades
The investment will primarily benefit its sites in the north west of England
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NewsCompleat Food Group acquires sandwich filling maker Freshpak
The acquisition – for an undisclosed sum – gives The Compleat Food Group new capabilities in egg processing
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NewsThe Original Factory Shop moves head office amid CVA
The variety discounter is relocating to a new head office in Bolton, with distribution to be handed over to a third party
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NewsNurture Brands teams up with FareShare to help with cost of living crisis
Nurture said its decision to focus on a domestic charity was fuelled by the ongoing cost of living crisis