Finance news – Page 47
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NewsAsda plans £400m in store sell-offs to raise turnaround cash
The supermarket plans to lease the sites back for around 20 years in a ‘sale and leaseback’ scheme
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NewsFroneri’s ice cream profits hit by factory closure
A wet British summer was also a drag on Froneri’s sales last year
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NewsFood & drink M&A momentum continues as UK activity hits eight-year high
Volumes in the sector for the first quarter matched the 40 recorded in the final three months of 2024, data from professional services firm Grant Thornton showed
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NewsUK food inflation jumps to 3.4% as meat costs rise
Food inflation jumped to 3.4% in April, with the rising cost of feeding the nation contributing to the overall UK inflation rate reaching its highest level for over a year
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NewsM&S cyberattack to cost £300m as disruption continues until July
The cyberattack, which took place over the Easter weekend, forced M&S halt to online orders and is expected to continue affecting availability until July
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NewsUpper Crust owner SSP boosts profits despite geopolitical disruption
The FTSE 250 company said recent geopolitical events had triggered a ‘heightened level of uncertainty’
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NewsCranswick picks up sausage maker Blakemans for £32m
Cranswick announced the deal as it posted record annual revenues and profits
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NewsCranswick to review animal welfare as it posts record revenues and profits
Cranswick announced the ‘new, fully independent, expert veterinarian review’ this morning as it reported record annual revenues and profits over the past year
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NewsFresh foods AI platform raises £5.5m to cut supermarket waste
Freshflow says its AI platform is uniquely tailored for fresh produce and can reduce waste by over 20%
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NewsGordon Brothers ‘in pole position’ to acquire Poundland
The former Laura Ashley owner is among private equity firms circling the variety discounter
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NewsDiageo hints at substantial brand disposals to aid cashflow goals
Offloads would go beyond portfolio trimming seen in recent years, CFO Nik Jhangiani revealed
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NewsSome Grub raises £270k to lead ‘insect petfood revolution’
The UK has seen an explosion of insect-based petfood in recent years
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NewsValerie completes six-figure pre-seed round for perimenopause supplement
A group of angel investors led the £514k pre-seed round, with backing coming from serial investor and former Innocent director Giles Brook
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NewsBen Stokes takes stake in alcohol-free spirits brand CleanCo
CleanCo was set up by former Made in Chelsea star Spencer Matthews in 2019
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NewsMedia Bites 19 May: EU reset talks, Chinese vapes and M&S hacking
Controversial “reset” talks between the UK and the EU dominate today’s news, while the M&S hacking fallout continues and Trump tariffs lead to potential Chinese vape surge
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NewsUS tariffs to cost Diageo $150m a year
The drinks giant believes it can mitigate about half the impact without price rises
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NewsCarlsberg Britvic CEO: We won’t meddle with Britvic’s approach to challenger brands
Paul Davies said he admired how Britvic had successfully scaled smaller brands
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NewsPepsiCo installs electric ovens in Leicester factory to slash carbon emissions
The new ovens will help slash the site’s greenhouse gas emissions by 1,500 tonnes per year, according to PepsiCo
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NewsMedia Bites 16 May: Walmart prices, UK economy, Holland & Barrett’s GLP-1 boom
Wallmart, a ‘bellwether of US consumer health’, is preparing to raise its prices in the wake of Donald Trump’s tariffs
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NewsHolland & Barrett sales rise 10% after ‘landmark’ turnaround
Customer numbers grew 9% after a significant investment into H&B’s stores and own-label food lines