Finance news – Page 6
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NewsFerrero buys Brazilian protein brand Bold Snacks
Confectionery giant Ferrero Group has snapped up fast-growing Brazilian protein brand Bold Snacks, in its first venture into nutrition on the continent
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NewsGeneral Mills profits and sales slide amid turnaround
Sales and profits at US cereal giant General Mills have fallen, as US consumers shy away from branded products
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NewsTwo more artisanal chocolatiers liquidated in wake of cocoa price surge
Horsham’s Cocoa Loco and Nottingham’s Gourmet Chocolate Pizza Co entered liquidation in early March
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NewsCakesmiths buys bakery, joins Proper Cornish in leadership rejig
The restructure followed the business’ acquisition of a new ‘little sister’ factory in Warminster, producing muffins, scones, and filled croissants for Cakesmith
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NewsMission closes six-figure raise to back rapid growth
The business plans to put the latest funding into scaling customer acquisition and expanding product development, including growing its range of functional powdered superblend drinks, including recently launched Matcha Superblend and Sleep Superblend
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NewsEagle Eye sinks into the red after contract loss
Grocery tech firm Eagle Eye has sunk to a first-half loss after losing a major contract in the US
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NewsVirgin Wines double downs on investment strategy despite first-half loss
Pre-tax losses totalled £400k in the six months to 2 January, compared with a profit of £1.3m in the same period last year, while EBITDA declined from £1.6m to £200k year on year
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NewsTilray strikes deal for BrewDog US assets
The transaction is set to close by the end of Tilray’s fiscal fourth quarter in May
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NewsBudweiser Brewing Group downplays winding-up petition filed by crop supplier
BBG was ‘working to resolve the matter as a priority’, a spokesman said
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NewsCMA warns firms it will act decisively against price gouging
In a letter responding to Chancellor Rachel Reeves, CMA CEO Sarah Cardell said the situation in the Middle East was driving up wholesale prices for core commodities and would inevitably put upward pressure on prices
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NewsAzzurri Group explores sale of Dave’s Hot Chicken European franchise
Azzurri Group could be looking at a sale later this year, according to sources familiar with the matter
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NewsLiving Things lands investment from European spring water supplier Spadel Group
Neither party disclosed the amount invested by Spadel Group, or the size of its ticket
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NewsPets at Home accelerates turnaround with four new stores planned in March
Pets at Home is opening four new stores throughout March as part of a £3m investment to accelerate its turnaround, including two larger format stores and two vet practices
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NewsPepsiCo invests £3.6m into Leicester solar power system
It will install solar panels installed across 30,000 sq m of roof space
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NewsDomino’s Pizza Group shares rally despite falling profits
Shares in Domino’s Pizza Group staged a small recovery this week as the London-listed fast-food chain returned focus to its core business following a period of turmoil
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NewsOddbox losses ramp up as it freezes prices to retain customers
Losses at food waste pioneer Oddbox have almost doubled as the wonky fruit & veg box seller froze its prices in an effort to retain customers
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NewsBrewer Thornbridge returns to profit as cask beer sales surge
Turnover at Thornbridge increased by 12.9% to £17.3m in the year to 30 June 2025
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NewsJohn Lewis Partnership rewards staff with first bonus since 2022
Chairman Jason Tarry said the group’s multi-year plan to invest in customers and its brands was working, with shopper numbers increasing and record satisfaction scores
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NewsM&A appetite remains strong after 2025 uplift, figures show
Transaction numbers rose 9% year on year, with total deals up from 169 in 2024 to 184. This growth signalled renewed confidence across the market as economic conditions began to stabilise, said BDO
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NewsSpoon rolls out Wildfarmed co-branded regenerative granola and secures seven-figure funding
The innovation follows a shift to a vertically integrated model as the brand opened its first factory after securing a seven-figure investment of more than £1.5m