Finance news – Page 4
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NewsConsumer confidence stuck in negative territory
It has now been 10 years since the GfK consumer confidence index was last in positive territory, with a small rise this month to –16
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NewsP&G cuts profit guidance amid ‘challenging’ environment
P&G revealed that operating profits had fallen 7% across the group in the three months to 31 December 2025
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NewsHalewood offloads JJ gin and vodka brand to United Beverages
Halewood will retain exclusive distribution rights to the JJ brand in the UK
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NewsKeystone Brewing sold to Saltaire Brewery owner Paramount Retail Group
It comes after Keystone filed notice of intent to appoint administrators last year
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NewsKitwave recommends £246m bid from US private equity firm OEP
Wholesaler Kitwave has agreed to sell up to US private equity firm OEP Capital Advisers in a deal valuing the business at £246m
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NewsProfit warning at B&M as turnaround soaks up margin
Issuing its third quarter results this morning, the discounter slashed its adjusted EBITDA forecast from £470m-£520m to £440m-£470m after like-for-like sales at B&M UK fell 0.6% in Q3
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NewsHomeCooks nears £750k crowdfunding target
Nearing its £750k goal on crowdfunding site Republic, HomeCooks has offered up 6.8% of its equity in a raise valuing the startup at £10.3m
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NewsMorrisons ‘prepared to protect customers’ as cost and competition intensifies
Morrisons has ‘a lot more to do’ to win back shoppers, CEO Rami Baitiéh admitted, despite ‘robust’ full-year results
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NewsSlingsby Gin owner set for administration
The business is currently being marketed for sale as a going concern
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NewsCompetition & Markets Authority up for overhaul as government cuts red tape
The government has proposed to find a new decision-making model for the CMA’s regime on mergers and markets
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NewsWyke Farms improves profits but warns more needed to build resilience
Wyke MD Rich Clothier warned ‘returns across the business still need to improve so we can continue to invest’
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NewsMass redundancies at VFG as it winds down UK operations
The Grocer understands around 60 people have been made redundant from VFG in the UK, including approximately 30 people from its York head office and 32 from the Clive’s Purely Plants site in Dartmouth
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NewsMorrisons praises ‘resilient’ 2025 results
Morrisons revealed its full-year revenues had grown 3.2% to £15.8bn in the 52 weeks to 26 October 2025
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NewsInflation rises once again as tobacco and transport costs bite
Inflation has risen for the first time in five months, hitting 3.4% in December, as transport, alongside alcohol and tobacco, pushed prices higher
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NewsPremier boss praises ‘really good Christmas’ as revenues jump
Premier Foods’ CEO Alex Whitehouse has praised a ‘really good Christmas’ of trading, as the company’s branded groceries, sweet treats and international divisions all achieved growth in Q3
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NewsProper Cornish and Cakesmiths owner Onoré changes hands
IDAK has acquired all five of Onoré’s French sites and its two English sites as part of the deal, giving the Swiss group access into the UK market
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NewsTreatt strikes agreement with major shareholder as profits tumble
The listed drinks ingredients supplier was involved in a failed takeover process in 2025 as shareholders rejected a £170m bid from flavour manufacturer Natara Global
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NewsMcBride hits profit targets as own label demand remains high
Full-year profits are expected to be in line with analysts’ forecasts and the prior two years, the group said this morning in the trading update for the six months to 31 December
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NewsPernod Ricard names senior brand unit heads as restructure takes shape
The company has actioned plans to split its brands into two main divisions
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NewsMeatless Farm and VFC to separate from The Vegan Food Group
VFC Foods, made up of Meatless Farm and VFC, is becoming a separate entity from The Vegan Food Group, The Grocer understands