Finance news – Page 5
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NewsLab-grown meat pioneer Gourmey acquires Vital Meat in crucial step forward
Gourmey has taken on Vital Meat’s team and Nantes-based infrastructure
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NewsBeyond Meat crashes own share price in debt deal
The vegan meat-mimicking manufacturer’s share price has collapsed 74.5% in a single week’s trading
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NewsRetail distress now exceeds 2009 financial crisis levels
Weak demand, fragile confidence and continued disruption from US tariffs have continued to weigh on performance
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NewsNestlé to cut 16,000 jobs as new boss accelerates turnaround
“The world is changing, and Nestlé needs to change faster,” said Nestlé’s new CEO
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NewsPernod Ricard remains hopeful despite sales falling again
Pernod’s share price is already down by a third over the past year
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NewsWarburtons acquires Roberts Bakery factory
Market-leading bakery Warburtons has acquired a speciality bread factory from Roberts Bakery, The Grocer can reveal
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NewsABF takes a bigger slice of Cook
ABF has increased its stake in posh ready meal manufacturer Cook, five years after first investing in the brand
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NewsJoe Delucci’s hits the buffers… again
Serial phoenix company Joe Delucci’s has gone belly-up again, owing an estimated £1.1m to creditors
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NewsUnilever slims prestige beauty further with Kate Somerville sale
Unilever has sold its prestige skincare brand Kate Somerville to Rare Beauty Brands, a US cosmetics business founded by singer and actress Selena Gomez, for an undisclosed sum
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NewsRoberts Bakery seals rescue deal saving more than 400 jobs
Roberts Bakery has been rescued by a private investment firm saving more than 400 jobs and preserving the 138-year-old business
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NewsSupermarket volumes decline on shopper caution ahead of Christmas
Total till sales at UK grocers increased 4.1% in the four weeks to 4 October, the same level as the previous month, NIQ reported
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NewsPladis global sales surpass £3bn
Revenues at McVitie’s owner Pladis have surged past £3bn as product innovation and increasing business overseas helped the group to a record year
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NewsCaffè Nero reports ‘record sales’ led by summer iced drinks
In the UK, sales grew by 7% to £93m, driven by demand for iced drinks
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NewsDeforestation lining UK financiers’ pockets, report warns
Analysis of hundreds of thousands of deals with major deforestation-linked companies netted lenders, investors and insurers $26bn from financing deforestation-related activity
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NewsArchie Norman’s tenure as M&S chairman extended for three years
‘The board is unanimous in its conviction that his continuation as chairman is in the best interests of the company,’ said M&S
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NewsOnline food shop returns to Covid-era popularity
Online now has its highest market share since March 2022
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NewsTHG delivers strongest quarter in four years
THG returned to the FTSE 250 last month after an upgrade by JP Morgan
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NewsBrits cut spending ahead of November budget
Two reports out Tuesday suggest shoppers are growing more cautious
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NewsUnfabled raises seven-figure investment as supplements rolls out in Boots
Hannah Samano founded Unfabled in 2021 after becoming frustrated with the quality of products offered to support female health
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NewsWalker’s Shortbread hit record £201m in founder’s final year
Walker’s sales grew £17m (9%) in the year to 31 December 2024, driven by strong festive trading in the UK