Finance news – Page 132
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News2 Sisters hunts buyer for Gunstones hot cross bun bakery
2 Sisters Food Group has hired bankers to find a new home for its hot cross bun bakery in Derbyshire as part of continuing efforts to offload non-core assets.
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NewsFinnebrogue owner takes hit to profitability
The company said its revenue had risen from £119.3m to £145.3m, while profit had increased by 4% from £7.7m to £8.1m
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NewsCity Snapshot: Profits fall at EG Group in ‘competitive’ fuel market
Profits have fallen at forecourt operator EG Group on the back of lower third quarter volumes. Plus, Rémy Cointreau publishes first-half results.
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NewsMedia Bites 30 November: CMA, Deliveroo, Greggs
The report by the CMA on profiteering makes headlines across the papers today.
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NewsHiggidy sinks to a loss as inflation and bakery expansion hit savoury pastry maker
The upmarket savoury pastries brand was hit by disruption during a major bakery upgrade and experienced a massive spike in costs
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NewsNix & Kix returns to the crowd as it launches in Tesco
Soft drinks challenger Nix & Kix has hit a £300k crowdfunding target to support supermarket listings as its range of cans is launched into Tesco
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NewsRicky Gervais takes ownership stake in Ellers Farm Distillery
Gervais said he had ‘been looking to invest in eco-friendly businesses for a while’
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NewsCity snapshot: Deliveroo expands in DIY with Screwfix partnership
Deliveroo is betting on an expansion into non-food retail to boost future growth as the delivery firm reiterated its profit forecasts for the year ahead of the group’s first capital markets day today.
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NewsMedia Bites 29 November: Wilko, Deliveroo, Greencore, Pets at Home
The appearance before MPs of Wilko chairwoman Lisa Wilkinson dominates the headlines this morning.
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NewsGreencore boss Dalton Philips signals further price increases amid soaring wages
The boss of sandwich maker Greencore has warned of potential further price hikes
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NewsRetailers warn of prolonged inflation as government increases business taxes
Food prices have continued to rise at a slower pace in November but the British Retail Consortium warned a new raft of higher costs hitting business could derail falling inflation in 2024.
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NewsMedia Bites 28 November: Wilko, Unilever, M&S, inflation
The HMV owner Doug Putman has said his planned rescue of the retailer Wilko collapsed because “everyone just got a little bit greedy” and was not thinking about the jobs that could have been saved.
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NewsCity snapshot: Greencore boosts revenues and profits as it passes on inflation
Greencore has boosted annual revenues and profits as it recovered cost inflation and also improved volumes. Plus, the latest inflation figures from the BRC, annual results at Treatt and half-year results at Supreme and Pets at Home.
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NewsMüller sells Milk & More to Freshways in shock deal
Müller said the sale followed a strategic review of the business, which found it was not core to its more B2B-focused operation
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NewsCity snapshot: British American Tobacco urges crackdown on vaping
British American Tobacco, the UK’s largest listed tobacco and vaping company, has launched what it called “a multi-pronged media campaign” urging for new regulations on vaping.
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NewsMedia Bites 27 November: Boots, climate change, M&S, Diageo
A packed weekend of fmcg and retail news in the paper sees Boots in focus as its parent company handed responsibility of its defined benefit pension scheme to Legal & General
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NewsHonestly Tasty beats fundraise target to grow vegan cheese ops
The brand passed its £250k target in its first week of a Seedrs crowdfunding campaign at a pre-money valuation of £9.9m
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NewsBritvic shares slip despite a ‘resilient’ performance
The Robinsons squash maker grew full year sales by 6.6% to £1.75bn in the year to 30 September
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NewsCity snapshot: UK consumer confidence grows ahead of Christmas
UK consumer confidence has rebounded in November despite ongoing cost-of-living concerns
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NewsMedia Bites 24 November: Wilko, Black Friday/Amazon, John Lewis
The former bosses and auditor of collapsed UK retail chain Wilko have been summoned to appear before MPs next week