Finance news – Page 4
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NewsBooths losses halve after ‘better than planned’ year
Booths’ unexpected sales growth was enough to help the supermarket offset the impact of the increase in the national living wage, chairman Edwin Booth said in its latest results
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NewsConsumer caution impacts September footfall
‘Low consumer confidence ahead of a potential tax-rising budget kept many shoppers away from retail locations in September,’ said BRC CEO Helen Dickinson
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NewsDamm opens UK brewing outpost following £70m investment
The brewery has a capacity of 1.8 million hectolitres per year
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NewsPrinces Group confirms intention to float in London
Liverpool-headquartered Princes Group has this morning confirmed its intention to float on the main market of the London Stock Exchange
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NewsPepsiCo beats expectations in Q3 despite slipping volumes
PepsiCo’s better-than-expected results came despite a 4% drop in organic volumes at its troubled North American food and beverage businesses
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NewsCoco Chocolatier snaps up Seed & Bean’s IP for undisclosed sum
Seed & Bean was founded by Stephen Rudkin in 2005
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NewsAll Things Butter raises £2m to spread into new categories
Dairy disruptor All Things Butter has scored a seven-figure investment to support the brand as it develops new products, grows distribution and expands internationally
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NewsGosh Food returns to growth despite third loss-making year
Gosh overcame a tough foodservice and discounter market to raise revenues to £18m overall in the year to 31 December 2024
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NewsUpper Crust owner launches £100m share buyback amid takeover rumours
An activist investor is reportedly encouraging private equity groups to launch a takeover bid
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NewsVibrant Foods turnaround plan shows green shoots
The company has now accelerated turnover growth from the 2% like-for-like growth achieved in 2023 to a topline 5.6% growth to £191.7m, as a turnaround plan started in early 2023 took hold
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NewsTropicana ‘on the right path’ for growth after trimming portfolio
Tropicana Brands Group is ‘on the right path for future growth’ after a tough 2024 spent cleaning up its portfolio, navigating delistings and handling rocketing orange juice costs
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NewsMotor Fuel Group revenue soars nearly £2bn to £7bn
The 37.3% jump in turnover – an increase of £1.9bn – gave MFG a £62.5m bump to operating profits
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NewsGreencore upgrades profit expectations as boss praises ‘exceptional year’
Greencore CEO Dalton Philips has praised ‘an exceptional year’ for the sandwich maker as the group raised its annual profits guidance
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NewsSunrise Alliance Beverages to streamline Gipsy Hill operations
Sunrise Alliance Beverages is to shift production of Gipsy Hill’s core range beers out of London, impacting a number of production roles in south London
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NewsRoberts Bakery prepares for administration with hundreds of jobs at risk
Roberts Bakery filed a notice of intention to appoint an administrator with the courts yesterday
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NewsB&M launches ‘decisive’ turnaround as profits fall again
The discount retailer is under pressure due to declining profits and stagnant growth
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NewsForest Road Brewery sold in pre-pack administration as investment collapses
The pre-pack sale was completed to the tune of £370k
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NewsChaiiwala sales jump 35% amid global expansion
Chaiiwala opened 24 new stores in 2024, including 15 in the UK across a variety of formats such as drive-thru sites and travel locations
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NewsDr Oetker boosts profits after cost-cutting success
Maintaining market share in 2024, Dr Oetker increased revenues 2.6% to £239.5m
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NewsPilgrim’s Europe records profitable growth despite dip in revenue
The consolidated accounts for FY24 represent the first full-year trading period since the integration of Pilgrim’s UK, Moy Park and Pilgrim’s Food Masters into the unified Pilgrim’s Europe structure