Finance news – Page 89
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NewsCity snapshot: Asda sales slump continues
Asda has lost market share as sales slumped further, with a turnaround at Morrisons beginning to take shape, according to new data from Kantar this morning. Plus, the CMA investigates Carlsberg takeover of Britvic
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NewsMedia Bites 10 September: Aldi, TGI Fridays, Asda, inflation, Carlsberg
Aldi saw UK profits more than triple last year and plans an £800m expansion drive
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NewsC&C Group shakes up distribution deal with AB InBev
From 1 January, C&C will reassume control and distribution of its cider portfolio in Great Britain
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NewsMedia Bites 9 September: Unilever, Tesco, Asda, 7-Eleven, Charlie Bigham
Unilever is finally pulling out of Russia
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NewsCity snapshot: Aldi to invest £800m in new stores as it reveals profits boost
Aldi has unveiled its biggest ever store investment programme after boosting profits on the back of record sales in 2023
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NewsBakkavor to shut ‘unsustainable’ Wigan factory, putting 750 jobs at risk
The news came alongside the publication of Bakkavor’s latest half-year results
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NewsCity snapshot: UK expansion planned for pizza giant Freiberger Group
The Berlin-based private-label operator said the investment will involve expanding production capabilities, developing new markets and modernising existing sites
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NewsDuty rises to blame for off-trade sales slump, Pernod Ricard UK boss says
’It is not our game to chase prices to the bottom’
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NewsMedia Bites 6 September: Labelling, Asda, croissants
The British Heart Foundation has proposed banning junk food brands from sponsoring sporting events
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NewsFlorette owner Agrial posts further, inflation-driven losses
The bagged salad supplier said it had ’walked away’ from some retail business last year as it sought to recoup risisng costs
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NewsCity snapshot: ABF issues warning over Primark sales and sugar profits
ABF blamed unfavourable weather in the UK and Ireland, which resulted in lower volumes of seasonal lines
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NewsMedia Bites 5 September: Glen’s, Johnson & Johnson, M&S, Amazon
The Food Standards Agency has warned of fake bottles of Glen’s Vodka
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NewsHilton Food Group enjoys further growth in strong first-half results
The meat, seafood and plant-based packer saw pre-tax profits rise by almost 38% like for like, in the first half of 2024
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NewsSoft drinks maker Fentimans says it will close down if ’packaging tax’ plans go ahead
Fentimans claims it is one of many drinks companies considering its survival prospects after Defra published estimates for the cost of recycling of glass under the flagship EPR scheme
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NewsThe Compleat Food Group acquires Harvey & Brockless for undisclosed sum
This is the latest strategic acquisition by The Compleat Food Group in its ambition to become ‘the UK’s number one chilled prepared food company’
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NewsSignature Flatbreads invests £150m into bakeries, creating 500 jobs
The announcement coincides with the 40th anniversary of the business this month
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NewsNew launches help Itsu grocery revenues surpass £50m for the first time
The supplier launched total of 27 new products in grocery in 2023
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NewsCity snapshot: Andrew Carter quits as Chapel Down profits slump
Chapel Down and Hilton Foods announced results and personnel changes. Itsu reported record grocery sales.
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NewsAgua de Madre in £300k crowdfunding drive to support growth
Funds will be used to upscale production, invest in NPD, make new hires and support growth
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NewsMedia Bites 4 September: John Lewis, thefts, antibiotic resistance
John Lewis is getting down to business on its housebuilding programme