All Finance articles
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Tesco shares race higher on profits upgrade and healthy dividends
Tesco increased group revenues 3.5% to £31.5bn in the 26 weeks ended 24 August
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Bart Ingredients improves losses as price rises pass through to retailers
Inflation has proved tough on the herbs and spices manufacturer, which made a second consecutive loss in 2023
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Scottish farm once owned by Robert Burns launches crowd round to take on ‘big dairy’
Mossgiel Farm has launched a crowdfunding campaign to raise £300k to build a state-of-the-art, zero-waste dairy facility
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Mash Direct slides into the red as input costs soar
The prepared vegetable company saw its operating profit decline to –£984.9k in the year to 28 February 2023
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Media Bites 3 October: Oil prices rising amid Middle East crisis, BoE governor Bailey points to rate cuts
Fears of all-out war is contributing to an ongoing ‘supply chain’ squeeze, which could ultimately drive inflation, The Guardian reports
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City snapshot: Tesco raises profit expectations on strong first half
Tesco has upgraded profit forecasts for the year after boosting volumes by more than expected in the first half. Plus, a Q4 trading update from SSP Group
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Fourpure placed into voluntary administration to ‘protect brand’
It comes six months after the brewery entered into a company voluntary arrangement
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Field marketer Dee Set Group acquired by Acosta Europe
The undisclosed deal creates what Acosta described as a “market-leading” retail and afield marketing services agency
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New light shed on Lidl’s store opening slowdown by parent’s €1bn interest costs
Accounts for Lidl Stiftung & Co KG have revealed interest expenses of €1.025bn in the 12 months to 29 February 2024, up from €462m the previous year
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Mindful Chef narrows losses as it withdraws from retail
The meal kit provider was forced to radically trim costs last year ‘to align to the lower turnover levels’
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Media Bites 2 October: oil prices rise, slowing wage growth, capital gains tax
Oil prices rise after Iran missile attack on Israel
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Booths hails ‘solid’ performance after customer investment pays off
Results were helped by ‘record’ Christmas sales and Booths’ investment in stores
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M&A activity makes a comeback as Carlsberg and Newlat lead surge of deals
Deal volumes in Q2 grew 32% year on year, with 49 transactions completed
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City snapshot: Record sales as Shepherd Neame shifts focus away from off-trade
Britain’s oldest brewer Shepherd Neame has posted record revenues and a “good” uplift in profit as it pivoted away from the off-trade to focus on its pubs.
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Northern Monk returns to the crowd for £1m raise to support growth
Funds will be used to open a flagship Northern Monk venue in London
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Mondelez takes minority stake in non-HFSS doughnut brand Urban Legend
The tie-up will help Urban Legend accelerate its growth
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Filippo Berio volumes hit by spike in olive oil prices
Filippo Berio has marked another “challenging year” as record olive oil inflation continues to weigh on profits
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Media Bites 1 October: shop price deflation, the autumn budget, soft plastic recycling
Latest BRC data shows shop prices continuing to fall, while the mood ahead of the budget is also making headlines
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City snapshot: Greggs like-for-like growth slows in Q3
Greggs has indicated an easing of cost inflation as it made “further good progress” in the third quarter. Plus, the BRC reports an increase in food inflation in September, and Pfizer sells down its stake in Haleon
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CapVest-owned Natra acquires Belgian luxury chocolatier Gudrun
CapVest-owned chocolate maker Natra has swooped to acquire Belgian luxury chocolatier Gudrun to create a global confectionery platform