Finance news – Page 129
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NewsMedia Bites 2 January: Inflation, Princes, Unilever, M&S
Shop prices continued to rise at 4.3% in December as a price rise on non-food items offset easing costs on food.
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NewsCity snapshot: General Mills lowers expectations and warns of slower volume recovery
US consumer packaged goods giant General Mills has downgraded expectations for 2024 as steep price hikes depressed shopper demand.
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NewsMedia Bites 21 December: inflation, Diageo, Rimmel London
The bigger-than-expected fall in inflation makes headlines this morning.
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NewsADM snaps up London ingredients business FDL
Global grains merchant ADM has continued on the acquisition trail, picking up the London-headquartered ingredients business for an undisclosed price
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NewsABP petfood business C&D Foods invests in Irish factory
The investment will see C&D’s flagship factory increase capacity by 25%
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NewsCoterie Holdings swoops for Hallgarten & Novum Wines
Hallgarten has been added to a portfolio that also includes Lay & Wheeler, Coterie Vaults and Jera
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NewsMedia Bites 20 December: Asda, Anadolu Efes, ABF
The papers focus on the latest appearance of Mohsin Issa before MPs at the business and trade committee
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NewsCity snapshot: Food inflation falls to lowest since May 2022
Food price inflation has fallen for the eighth month in a row, helping the UK headline rate to slow by more than expected, according to official data this morning.
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NewsMyco appoints former VBites MD David Wood as new CEO
David Wood will take charge as the Darlington-based business ramps up production of its plant-based sustainable meat alternative at a purpose-built site in North Yorkshire
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NewsCity snapshot: ADM expands into dairy with Revela Foods deal
Global food processing and commodities giant ADM has acquired Revela Foods to expand its capabilities into the dairy category.
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NewsMedia Bites 19 December: Unilever, Tata, fuel prices
The latest sell-off at Unilever is the main fmcg news in this morning’s papers.
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NewsHackney Gelato nets £1.3m funding boost to fuel global growth
The premium UK ice cream brand has secured a £1.3m investment to scale up production to meet surging global demand for upmarket gelato
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NewsCity snapshot: Unilever sells Elida Beauty brands to US private equity firm
Unilever has agreed to sell its Elida Beauty business to US private equity player Yellow Wood Partners
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NewsMedia Bites 18 December: Morrisons, Farming, UK retail
The new boss of Morrisons, the troubled supermarket chain, has laid down the gauntlet to staff
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NewsLDC exits Cakesmiths as European bakery steps in
Handmade cakes supplier Cakesmiths has been acquired by European frozen pastries group Onore, providing private equity backer LDC with an exit
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NewsCity News: Pepco Group posts ‘record’ revenues but profits take a hit
European discount retail group and Poundland owner Pepco Group posted “record” revenues last year, but shares have fallen back on a sharp drop in profitability and a slowing of sales
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NewsPeriod pad pioneer Planera smashes £600k fundraising target
The maker of UK’s first fully certified flushable sanitary pad has raised over £730k to increase production and ready the brand for a retail launch
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NewsChristmas deadline set to find buyer for collapsed VBites
Administrators are racing to find a new buyer for Heather Mills’ vegan brand VBites before a Christmas deadline following its collapse into administration
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NewsCity snapshot: Consumer confidence edges upwards ahead of Christmas
Consumer confidence rose again in December as lowering inflation underpins more confidence in the UK’s economic prospects for 2024
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NewsWillicroft raising funds to launch fermented plant-based butter
Dutch vegan cheese maker Willicroft is aiming to raise €350k from the crowd