Finance news – Page 8
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NewsAdnams ‘considers options’ as it downplays talk of outright sale
The brewer said it would prefer an injection of third-party capital or to sell some of its freehold pubs
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NewsMedia Bites 2 April: Adnams, Unilever
A bumper edition as we catch up on all the news over the bank holiday weekend
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NewsCity snapshot: Retail inflation falls to lowest level since 2021
Shop price inflaton has contracted significantly in March, dropping to just 1.3% and the lowest level since December 2021
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NewsTesco partners with NatWest to help farmers reduce costs and decarbonise
The new scheme will provide farmers with preferential rates on finance to help them switch to sustainable farming methods
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NewsCity snapshot: Kitwave Group acquires Total Foodservice Solutions for £21m
Listed wholesale group Kitwave has announced the acquisition of north of England independent food wholesaler Total Foodservice Solutions for £21m
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NewsMedia Bites 28 March: Morrisons, Asda, Sainsbury’s
A hint of a turnaround at Morrisons following Q1 results makes headlines this morning
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NewsFourpure applies for CVA to stave off liquidation threat
Fourpure’s owners insisted the ’short term move’ would shore up its immediate future
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NewsEebria deal offering ‘full repayment to all creditors’ collapsed in December
A subsequent pre-pack sale saw Beer52 pay just £30,000 to acquire the business
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NewsCity snapshot: DS Smith confirms new talks over £5.7bn counter offer with New York rival
A multibillion-pound bidding war is underway for cardboard packaging manufacturing DS Smith as the London-listed firm confirmed it had received a counter proposal from a US rival. Plus, the Artisanal Spirits Company publishes full-year results for 2023
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NewsMedia Bites 27 March: Grocery inflation, Ocado, Fevertree
Grocery inflation has fallen to its lowest level in two years as the cost of living crisis finally eases
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NewsVillage Bakery set to command £160m price tag as PE owner explores exit
Village Bakery is seeking new owners, with its private equity backer having tasked bankers with running an auction for the premium private-label bread maker
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NewsShicken wins further multimillion backing from Matthew Glover’s Veg Capital
The brand will use the £4m cash injection to scale up manufacturing capacity and ‘realise the global potential of its restaurant-quality range’
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NewsModern Milkman expands into US with acquisition of namesake milk round business
Online grocery delivery service Modern Milkman has acquired its US namesake as part of an ambitious expansion to take its sustainability mission overseas
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NewsHovis turnaround picks up under new management team
Hovis has made big strides in its turnaround as significant price hikes helped boost revenues and profitability
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NewsCity snapshot: Ocado Retail hails “strong” Q1 performance
Ocado Retail has made a “strong” start to the year as the joint online venture with M&S continued to grow its market shares. Plus, the grocery latest market share data from Kantar and full-year results from Fever-Tree and AG Barr
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NewsMedia Bites 26 March: Unilever, Hovis, vapes
London’s stock market is braced for a further blow after the chief executive of Unilever suggested that the Netherlands had “a good chance” of hosting the conglomerate’s €17bn spun-off ice cream division
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NewsLittle Moons hires Graze boss Joanna Allen as new CEO
Ice cream challenger Little Moons has appointed industry heavyweight Joanna Allen as its new CEO to fill the vacant position left by the surprise exit of Mike Hedges last month, The Grocer can reveal
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NewsAccrol subject of £130m takeover bid as Navigator sets sights on UK toilet tissue
Portugal’s Navigator, a paper and pulp group listed on the Lisbon Stock Exchange, offered 38p a share to buy the Blackburn-headquartered business that counts all the UK’s major supermarkets and discounters as customers
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NewsFreshways swoops to rescue bread wholesaler Coultons from collapse
Freshways has swooped to rescue bread wholesaler Coultons from administration in a deal that solidifies the acquisitive dairy group’s position in the bread market
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NewsCity snapshot: Virgin Wines UK confident of meeting full-year profit forecasts
Underlying profits have more than doubled at Virgin Wines UK in the first half as the DTC group implemented a turnaround strategy