Finance news – Page 88
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NewsHotel Chocolat appoints new UK CEO to replace co-founder Angus Thirlwell
Lysa Hardy’s promotion is the first major change to the retailer’s top ranks following Mars’ £534m takeover in November 2023
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NewsDeliciously Ella to supercharge growth as Hero Group acquires plant-based food brand
Founders Ella Mills and husband Matthew, who is CEO at the healthy snacking brand, will remain with the company under the new owners to lead the next stage of growth
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NewsPilgrims Choice owner Ornua Foods UK sees sales rise in ‘stable’ 2023 accounts
Pre-tax profits remained unchanged at £11.6m on the back of inflation-busting ‘sustainable pricing structures’ said the subsidiary of Irish dairy co-op Ornua
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NewsMash Gang acquired by alcohol-free beverage group DioniLife
Mash Gang’s beers include Chug IPA and Stoop lager
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NewsMedia Bites 13 September: JLP, Tesco, Mars Kellanova, Boots, junk food
JLP reduced pre-tax losses before exceptional items by 91%
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NewsCity snapshot: General Mills offloads North American yoghurt operations to Lactalis and Sodiaal
General Mills has agreed to sell its North American yoghurt business to French dairies Lactalis and Sodiaal for $2.1bn (£1.6bn). Plus, agricultural supplies group Wynnstay appoints new CEO
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NewsFreshways snaps up Pembrokeshire milk processor Totally Welsh Dairy
The deal will see Freshways use Totally Welsh’s new glass bottling plant to supply its doorstep delivery service
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NewsFever-Tree shares lose fizz as mixer brand downgrades sales forecasts
Investors reacted with dismay to a downgrade to full-year forecasts after a damp summer in the UK supressed first-half sales growth
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NewsWaitrose sales up 5% as shopper numbers hit record high
Sales for the 26 weeks to 27 July were up 5% to £3.9m. It said volumes were up 2% while the average cost per items was also up 2%
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NewsFarmison ordered to pay co-founder Pallagi £115K over unfair dismissal
The online meat retailer was bought out of administration by ex-Asda boss Andy Clarke in April 2023
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NewsMedia Bites 12 September: High streets, WH Smith, Post Office, Starbucks
Closures by chemist, pub and bank chains led to almost 2,300 more empty stores on high streets
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NewsJohn Lewis Partnership transformation plan is working, says CEO
A transformation at John Lewis Partnership is “on track” as the retailer reported “a marked improvement” in its first-half results, with strong profit growth at Waitrose. Plus, a damp summer impacts first-half results at Fever-Tree
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NewsPlant-Ex Ingredients secures seven-figure investment from BGF for international expansion
The investment – in return for a minority stake – will help underpin significant international growth for the Bristol-based business, with a particular focus on the US market
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NewsHeinz volumes tumble as shoppers seek cheaper alternatives
Volumes at Heinz have nosedived further as higher prices put off cash-strapped shoppers, but the ketchup and baked beans giant expects to see a turnaround in 2024 as inflation continues to ease
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NewsMedia Bites 11 September: UK economy fails to grow and corkscrew woes
The economy unexpectedly failed to grow in July, while the corkscrew is also on a downward spiral
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NewsCity snapshot: WH Smith launches £50m share buyback as travel division records strong growth
WH Smith group revenue was up 7% in the year ended 14 November, driven by a 10% increase in the travel business, according to a full-year trading update released this morning
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NewsWarburtons adds former Irn-Bru boss Roger White to its board
Warburtons has appointed former AG Barr boss Roger White to its board to support the bakery giant’s long-term growth, The Grocer has learned
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NewsValeo Foods strikes ‘transformative acquisition’ to buy sweet treats maker IDC Holding
Valeo Foods has snapped up a confectionery and biscuits producer in Slovakia as part of the group’s ambitions to become a major player in the European sweet treats market
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NewsCMA opens investigation into Carlsberg’s £3.3bn Britvic takeover
The CMA is inviting comments on the deal from companies and organisations with knowledge of the drinks industry before deciding whether to launch a formal Phase 1 merger inquiry
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NewsMoth seals £4.6m investment to fuel domestic and overseas growth
Moth has enjoyed rapid success since launching in 2021