Finance news – Page 62
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NewsCity snapshot: Heineken reassures investors with strong results
Heineken says it is set for growth this year after beating its own profit growth guidance in 2024 thanks to a boost in beer sales. Also, Ella Mills buys Allplants brand from administration
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NewsElla Mills picks up Allplants before natural plant-based push
The Deliciously Ella founder has bought the Allplants brand out of administration to combine with her Plants business and act as a springboard to create a ‘natural, plant-based powerhouse’
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NewsHeineken beats profit forecasts as beer sales pick up
The world’s second-largest brewer saw beer sales return to growth having taken a hit the year before
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NewsCoca-Cola beats estimates as global demand rises
Its rival PepsiCo posted its third consecutive quarter of missed revenue forecasts last week
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NewsHain Celestial cuts forecasts after another poor quarter
Hain is now exploring a sale of its personal care business, made up of brands including Avalon Organics and Alba Botanica
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NewsCity snapshot: PZ Cussons shares up 11% despite profit plunge
The owner of Carex and Imperial Leather saw pre-tax profits fall 24% due to a huge depreciation in the Nigerian naira. Also, shoppers are trading down into own label ahead of more anticipated price hikes
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NewsPZ Cussons offers signs of hope amid Nigerian damage
After an eye-watering slide for the Nigerian naira, the currency is now enjoying a run of relative stability
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NewsShoppers opt for own label on worries of further price rises
Shoppers are trading down into private label to save money ahead of further anticipated price hikes in the supermarkets, according to the latest industry data out this morning
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NewsGusbourne calls off sale talks as it considers stock market delisting
English winemaker Gusbourne has called off a search for a buyer and will instead weigh up abandoning its listing on the London Stock Exchange’s junior market
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NewsCity snapshot: Retailers raided by Rachel Reeves ‘like a piggy bank’ says Stuart Machin
The boss of Marks & Spencer has accused the government of raiding retailers ‘like a piggy bank’ as the sector is hit with tax rises, wage increases and recycling levies
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NewsPernod Ricard mulls sale of Mumm champagne
The Paris-headquartered group is shifting away from wine toward spirits
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NewsMedia Bites 7 February: ‘stagflation’, high street footfall, tariff warnings
Papers are leading on the impact of yesterday’s interest rate cut
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NewsCity snapshot: January sales helps footfall recovery
Shopper footfall shot up in January following a dreary festive period as consumers went on the hunt for bargains
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NewsLittle’s coffee lands four investment offers on Dragons’ Den
MD Will Little settled on backing from Steven Bartlett, who took 5% of the business for his investment
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NewsOmni wins backing on Dragons’ Den for plant-based dogfood brand
Founders Guy Sandelowsky and Shiv Sivakumar agreed to a joint investment from Deborah Meaden and Steven Bartlett in return for a 2.5% equity stake, valuing the business at £3m
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NewsKellanova’s profits surge ahead of Mars takeover
Mars’s takeover is imminent after the deal was approved by Kellanova’s shareholders
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NewsKeystone continues acquisition spree with deal for North Brewing
Keystone has now acquired three beer brands in the space of a week
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NewsDiageo share price hangover drags on as tariff threat looms
Diageo gave a sobering read on Donald Trump’s burgeoning tariff war this week, blaming the White House for threatening to derail its recovery from a protracted post-Covid hangover
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NewsRiverford Organic Farmers doubles profits as Brits demand sustainable veg
The veg box company grew turnover 11% back to its Covid high water mark
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NewsCarlsberg grows top and bottom line despite volume softness
Sales slowed significantly in the second half of the year, however