Finance news – Page 6
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NewsNIQ predicts max-value Christmas for shoppers
NIQ has predicted almost £20bn will be spent on groceries in December, just 2.8% up on last year, as 40% of UK households plan to use saved loyalty points and vouchers to maximise savings
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NewsMars’ $36bn takeover of Kellanova cleared by European Commission
Mars’ $36bn acquisition of snacking giant Kellanova has been given the green light, after an “in-depth investigation” of competition concerns by the European Commission
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NewsSupplements challenger Heights valued at £60m in latest funding round
The latest round values the company at £57.8m, a significant jump from the £33m level hit during the previous £2m fundraising in 2024
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NewsApplied Nutrition shares bulk up on surprise growth upgrade
Shares in Applied Nutrition have jumped more than 10% today as the sports performance business upgraded growth expectations
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NewsAsda hit by second credit downgrade as turnaround plan drags on
Asda parent Bellis Finco will now face higher borrowing costs thanks to the downgrade
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NewsNaked Wines turnaround ‘going better than planned’
Naked Wines has said sales will return to growth by 2028 but boosting margin is more important
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News‘Pre-budget’ jitters drag on November retail sales
Total UK retail sales were up 1.4% year on year in November, below the 12-month average of 2.5%, according to the latest BRC-KPMG Retail Sales Monitor
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NewsGrape Tree founder sells majority stake to employee ownership trust in ‘exciting new chapter’
Founder Nick Shutts will remain as CEO while retaining a stake of above 25% but no more than 50% in the business, which grew sales by nearly a third to £69.3m last year
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NewsBako Group buys Bako Western as expansion continues
It is the latest step in the expansion of Bako Group’s operations following the merger of its three regional trading divisions in Preston, Durham and Wimbledon
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NewsMagnum hits €8bn valuation in IPO despite Ben & Jerry’s spat
Floated at €12.20, shares in the world’s biggest ice cream company rose to a high of €13.09 before settling around the guidance price of €12.80
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NewsTreatt reveals interim leadership following CEO’s departure
Newcomer Manprit Randhawa, who joined Treatt in September as interim CFO, will step up as interim group managing director on 1 January
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NewsUK Egg Centre and Bumble Hole form joint venture
Both Bumble Hole and Hardeman produce fresh eggs and egg products
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NewsAB InBev agrees deal to acquire 85% stake in BeatBox
AB InBev has revealed plans for its US brewing arm to acquire a majority stake in BeatBox for a purchase price of up $490m (£368m)
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NewsAu Vodka tops list of UK fmcg challenger brands
Brands were given an overall index ranking out of 250 based on five criteria
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NewsSSP Group enjoys share price bounce despite Europe difficulties
Upper Crust owner SSP Group pledged to explore “all options” to correct performance at its struggling continental Europe division on Thursday, prompting a 13.8% bounce in share price
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NewsOcado and Kroger agree $350m compensation payment
The decision reflected Kroger’s plan to close the three CFCs in Maryland, Wisconsin and Florida in January, as well its decision to no longer proceed with a new Ocado warehouse in North Carolina, one of the two planned CFCs due to go-live in 2026
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NewsFootfall slumps as shoppers stay home for Black Friday deals
Gloomy weather and anxiety ahead of the budget combined to form a toxic brew for the high street in November as footfall slumped across the UK
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NewsGressingham Foods acquired by French company LDC
The family-owned French company has acquired a majority stake in the poultry business
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NewsWKD splashes £10m on 30th birthday campaign amid sales declines
The investment marks a ‘bold new direction’ for WKD, says owner SHS Drinks
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NewsCandy Kittens outlines plans for ‘unshackled’ Graze
Ed Williams, Candy Kittens CEO and co-founder alongside Jamie Laing, told The Grocer he was excited to see what Graze it could do once ‘unshackled’ from corporate ownership