Finance news – Page 59
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NewsEG Group’s profits lift ahead of expected IPO
An initial public offering could value the business at about $13bn
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NewsCity snapshot: Ocado share price down 10% in early trading
Ocado published its full-year results this morning. Haleon’s share price has also taken a hit after its revenues slipped 0.6% last year
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NewsOcado’s strong grocery sales help cut losses
Ocado Retail, its joint venture with M&S, saw revenue jump 13.9% last year
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NewsHaleon profits rise as toothpaste and vitamins given boost
The Sensodyne owner was spun off from drugmaker GSK in 2022
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NewsBrand Growth Heroes and Alantra name second cohort for ‘Mini MBA’ programme
Brand Growth Heroes has unveiled the 14 challenger brands enrolled on its second ‘Mini MBA’ accelerator programme, run in partnership with financial services firm Alantra
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NewsCrosta Mollica turnover soars following private equity buyout
Crosta Mollica launched its first pizzas in 2009 and these continue to be its biggest strength
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NewsThatchers bucks falling cider sales to notch record year
Thatchers’ market share is now almost 20% as it took sales from cheaper rivals such as Strongbow
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NewsDiageo shuffles senior leadership pack with new Europe and Africa presidents
The spirits giant has appointed new presidents in three major markets this year
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NewsTaylors Snacks sales swell following Mackie’s exit
The Taylor family initially launched a range of crisps in 2009 as a joint venture with Scottish food group Mackie’s
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NewsIndia trade deal talks resume as government eyes exports boom
The UK and India have resumed negotiations towards a trade agreement, as British ministers landed in the south east Asian nation on Monday eyeing a deal to help grow the economy
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NewsDanone confident in turnaround as sales surpass expectations
Danone wants to be ‘a truly science‑based, consumer and patient‑centric company’
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NewsCity snapshot: AB InBev revenue hits record high
AB InBev’s revenue was boosted by more expensive beers although a 19% fall in volumes in China could worry some investors. Also, Glanbia reports full-year results
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NewsGlanbia sales pumped by shoppers’ taste for protein
Optimum Nutrition and Isopure, two of Glanbia’s core protein brands, both delivered double-digit volume growth
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NewsAB InBev beats profit expectations despite China weakness
EBITDA at the world’s biggest brewer climbed by 10.1% in its fourth quarter
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NewsFiddes Payne home baking business acquired by Albex Group
The Fiddes Payne deal will enable the home baking group to grow its production, accelerate NPD and ‘ensure excellent customer standards are maintained’
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NewsPladis CEO Salman Amin leaves McVitie’s owner with immediate effect
The Turkish snacking giant announced the move in an internal memo on Monday, revealing Amin stepped down for personal reasons
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NewsSalford Rum crowdfunds £250k in less than one hour
The rum is listed in Morrisons, Waitrose and Co-op, with the business valued at £2.7m
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NewsEnglish winemaker Gusbourne board backs move to go private
The idea was initiated by majority shareholder and former Conservative politician Lord Ashcroft earlier this month
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NewsCity snapshot: Unilever CEO Hein Schumacher in shock exit
James Edwardes Jones, an analyst at RBC Capital Markets, said he was ‘gobsmacked’ by Schumacher’s departure. Also, McBride confirms half-year results
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NewsUnilever CEO Hein Schumacher to step down later this week
He will be replaced by Fernando Fernandez, Unilever’s current chief financial officer