Finance news – Page 6
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NewsHain Celestial flogs UK business to alternative investment firm
Hain Celestial has reached an agreement to sell its international division to investment firm Aurelius for $323m (£240m) as the struggling US food group continues turnaround efforts
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NewsRising costs dent earnings at Cotteswold Dairy despite surging sales
Explaining the hit to its bottom line, the Gloucestershire-based firm pointed to increased input and operating costs, including higher material costs, rising labour expenses and broader inflationary pressures across its supply chain
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NewsHydration challenger Punchy lands investment from Belvoir Farm
The two businesses have worked together for over three years, with Belvoir acting as Punchy’s main co-packing partner
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NewsMP Evans profits jump in first half
Profits have risen at Indonesian palm oil producer MP Evans as the London-listed group boosted the amount of crop harvested in the first half
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NewsPet health and premium food to drive global petcare growth, analysis shows
Consumers’ growing awareness of nutrition’s effect on health will help boost the global industry to hit $645bn (£477bn) by 2035, according to analysis by Bloomberg Intelligence
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NewsShopper optimism rebounds to hit five-year high in PwC survey
Consumer confidence over spending has risen across all age groups in the UK
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NewsFever-Tree stock hit despite Molson Coors tie-up progress
Fever-Tree was punished for failing to exceed expectations this week, as results for its first half-year were deemed “more evolutionary than revolutionary”, as phrased by Barclays analyst Ashutosh Jain.
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NewsC&C Group strikes deal for Asahi UK distribution operation
The transaction includes Nectar Imports, a drinks supplier to the on-trade in the south of England, and the direct distribution operations of Asahi UK
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NewsWaitrose plans more price cuts with value perception ‘strongest’ on record
Waitrose’s performance was once again the driver of the wider John Lewis Partnership, where overall sales fell by 2% to £6.3bn during the first half of the year
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NewsItsu backer Bridgepoint considers sale of stake
Bridgepoint signed a deal to take a minority stake in the group in 2021
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NewsTHG outperforms expectations in first half
Group revenues increased 7.2% to £828.7m in the six months to 30 June, above expectations of 6.5% growth, with the beauty and nutrition divisions in growth for four quarters in a row
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NewsABF’s sugar crisis set to deepen as Primark sales slide
ABF has warned that its sugar business’ losses may hit £170m next year, as high gas prices, a poor beet crop and “onerous contract provisions” from low European sugar prices put sustained pressure on margins
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NewsJohn Lewis Partnership losses race higher despite Waitrose momentum
JLP said good sales momentum in Waitrose partially offset weaker customer demand for larger discretionary purchases at John Lewis stores
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NewsFever-Tree returns to growth in UK in heatwave-powered first half
The tonic and soft drinks brand’s revenues climbed 8% to £183.6m in the half to 30 June 2026, as growth came across all regions
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NewsScrumbles’ gut-healthy petfood sales soar
Scrumbles’ revenue leaped 68% to £28.3m in the year to the end of May 2026
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NewsDippi opens funding round ahead of UK launch
Founded by Miia Paavola, a former tech product manager and a star of MasterChef Finland, London-based Dippi is a powder mix to transform plain or Greek yoghurt into a protein-dense dip
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NewsKraft Heinz appoints new UK&I chief financial officer
The new hire succeeds Darren Vries, who is leaving after more than eight years with the business
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NewsFeisty secures VC investment for expansion of protein soda brand
The London-based brand was founded in 2024 by mother-and-daughter team Vy Cutting, a former Louis Vuitton designer, and Dr Hong Huynh, a PhD scientist
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NewsBarilla swoops for high-protein US mac and cheese brand Goodles
Goodles produces ‘nutrient-packed’, high-protein boxed mac and cheese in ‘bold, adventurous flavours’ such as cacio e pepe and black truffle
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NewsChristmas reprieve as FDF slashes food inflation estimates
Shoppers have been handed a Christmas reprieve in the ongoing cost of living crisis, as food inflation will now fall six points short of previous estimates by December