Finance news – Page 72
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NewsCook in ‘strong position’ despite ‘tricky’ market and ‘serious’ gas leaks
Cook’s total carbon emissions footprint nearly doubled after “serious” gas leaks from “ageing” fridges in some of its manufacturing facilities
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NewsBerry Bros & Rudd sees sales and profits slide on ‘turbulent’ year
A ’challenging year’ in the US was partly to blame for the results
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NewsCity snapshot: Manufacturing mood darkens over ‘cost crisis’
Confidence among manufacturers has fallen at its sharpest rate since the pandemic as businesses face up to a looming ‘cost crisis’.
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NewsChapel Down shares are fizzing as new CEO appointed
James Pennefather will take the reins of the group on 1 February, stepping into the role vacated by Andrew Carter who is heading to Yorkshire family brewer Timothy Taylor
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NewsCity snapshot: Consumer confidence hits four-month high ahead of Christmas
Consumer confidence has bounced back after recovering from pre-Budget jitters to hit a to a four-month high ahead of the festive period, according to a closely watched monthly survey. Plus, English wine producer Chapel Down has appointed a new CEO
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NewsMedia Bites 13 December: food insecurity, domestic food production, panettone
The proportion of households considered “highly food secure” fell from 87% in 2019-20 to 83% in 2022-23
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NewsCookaway smashes £500k crowdfunding target
Cookaway is launching larder kits of specialist dry ingredients themed around Greek, Malaysian, Indian, Japanese and Spanish cuisine in Ocado in 2025
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NewsHershey sale ‘unlikely’ as Mondelez approach rebuffed
Analysts have poured cold water on the chances of Mondelez securing a blockbuster takeover of rival chocolate maker Hershey
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NewsKroger’s $25bn takeover of Albertsons collapses over regulatory objections
Kroger’s $25bn North American grocery mega-merger with Albertsons has been called off after Albertsons terminated the merger and vowed to sue its larger contemporary
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NewsFormer AG Barr CEO Roger White appointed boss at C&C Group
White had previously indicated he was to reitre after leaving AG Barr
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NewsMedia Bites 12 December: Boots sale, Krispy Kreme hack, Post Office scandal
The nationals report on Boots’ potential sale overnight, a cyberattack impacting Krispy Kreme’s online orders and the ongoing Post Office investigation
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NewsCity snapshot: McWin Capital in talks to buy Gail’s Bakery
McWin Capital is already a backer of the bakery’s parent company and is looking to pre-empt a sale of the business
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NewsEG Group refinances $3.5bn of loans to unlock investment cash
Forecourt giant EG Group has refinanced $3.5bn of debt as it continues to deleverage and unlock additional cash to invest in the business
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NewsBrand Growth Heroes ‘Mini MBA’ powered by Alantra returns for second year
Alantra and Brand Growth Heroes are teaming up once again to offer a crash-course for fmcg challenger brands in scaling up while navigating industry challenges
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NewsBuckfast sales jump despite ‘unprecedented’ duty hike
Sales of Buckfast jumped by 11.8% last year despite the fortified wine brand facing an “unprecedented” duty increase and pressures from the rising cost of living
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NewsCadbury owner Mondelez in talks over Hershey takeover
Cadbury owner Mondelez International is exploring a potential blockbuster takeover of rival chocolate maker Hershey in a bid to create one of the largest snacking groups in the world
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NewsCity snapshot: Naked Wines’ revenue slide enters another year
Naked Wines is losing both new and old customers but despite its struggles, says its turnaround plan is working. Also, Tesco achieves its highest market share since December 2017.
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NewsCocoa-free chocolate startup Planet A Foods raises $30m for global scale-up
B2B foodtech startup Planet A Foods has raised a further $30m to fund international expansion, including a launch into the UK in 2025
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NewsProcter & Gamble recruits for 20 new roles at Manchester factory
It coincides with Procter & Gamble’s 90th year in the city
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NewsSurya Foods takes major stake in popped seeds brand Karma Bites
World foods player Surya Foods has boosted its global snacking portfolio by acquiring bagged snacks brand Karma Bites