Finance news – Page 89
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NewsHeinz volumes tumble as shoppers seek cheaper alternatives
Volumes at Heinz have nosedived further as higher prices put off cash-strapped shoppers, but the ketchup and baked beans giant expects to see a turnaround in 2024 as inflation continues to ease
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NewsMedia Bites 11 September: UK economy fails to grow and corkscrew woes
The economy unexpectedly failed to grow in July, while the corkscrew is also on a downward spiral
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NewsCity snapshot: WH Smith launches £50m share buyback as travel division records strong growth
WH Smith group revenue was up 7% in the year ended 14 November, driven by a 10% increase in the travel business, according to a full-year trading update released this morning
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NewsWarburtons adds former Irn-Bru boss Roger White to its board
Warburtons has appointed former AG Barr boss Roger White to its board to support the bakery giant’s long-term growth, The Grocer has learned
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NewsValeo Foods strikes ‘transformative acquisition’ to buy sweet treats maker IDC Holding
Valeo Foods has snapped up a confectionery and biscuits producer in Slovakia as part of the group’s ambitions to become a major player in the European sweet treats market
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NewsCMA opens investigation into Carlsberg’s £3.3bn Britvic takeover
The CMA is inviting comments on the deal from companies and organisations with knowledge of the drinks industry before deciding whether to launch a formal Phase 1 merger inquiry
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NewsMoth seals £4.6m investment to fuel domestic and overseas growth
Moth has enjoyed rapid success since launching in 2021
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NewsCity snapshot: Asda sales slump continues
Asda has lost market share as sales slumped further, with a turnaround at Morrisons beginning to take shape, according to new data from Kantar this morning. Plus, the CMA investigates Carlsberg takeover of Britvic
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NewsMedia Bites 10 September: Aldi, TGI Fridays, Asda, inflation, Carlsberg
Aldi saw UK profits more than triple last year and plans an £800m expansion drive
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NewsC&C Group shakes up distribution deal with AB InBev
From 1 January, C&C will reassume control and distribution of its cider portfolio in Great Britain
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NewsMedia Bites 9 September: Unilever, Tesco, Asda, 7-Eleven, Charlie Bigham
Unilever is finally pulling out of Russia
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NewsCity snapshot: Aldi to invest £800m in new stores as it reveals profits boost
Aldi has unveiled its biggest ever store investment programme after boosting profits on the back of record sales in 2023
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NewsBakkavor to shut ‘unsustainable’ Wigan factory, putting 750 jobs at risk
The news came alongside the publication of Bakkavor’s latest half-year results
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NewsCity snapshot: UK expansion planned for pizza giant Freiberger Group
The Berlin-based private-label operator said the investment will involve expanding production capabilities, developing new markets and modernising existing sites
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NewsDuty rises to blame for off-trade sales slump, Pernod Ricard UK boss says
’It is not our game to chase prices to the bottom’
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NewsMedia Bites 6 September: Labelling, Asda, croissants
The British Heart Foundation has proposed banning junk food brands from sponsoring sporting events
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NewsFlorette owner Agrial posts further, inflation-driven losses
The bagged salad supplier said it had ’walked away’ from some retail business last year as it sought to recoup risisng costs
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NewsCity snapshot: ABF issues warning over Primark sales and sugar profits
ABF blamed unfavourable weather in the UK and Ireland, which resulted in lower volumes of seasonal lines
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NewsMedia Bites 5 September: Glen’s, Johnson & Johnson, M&S, Amazon
The Food Standards Agency has warned of fake bottles of Glen’s Vodka
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NewsHilton Food Group enjoys further growth in strong first-half results
The meat, seafood and plant-based packer saw pre-tax profits rise by almost 38% like for like, in the first half of 2024