All Finance articles
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City snapshot: Gloomy outlook from Labour knocks consumer confidence
Consumer confidence in the UK has taken a nosedive on the back of gloomy noises coming out of the new Labour government
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Media Bites 20 September: Ocado, Campari, Gusbourne, Celsius, Campbell Soup Co,
Ocado’s sales are up 15%
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£4.2bn Pilgrim’s Europe operation sees ‘return to growth’ in latest accounts
The business began integrating Pilgrim’s UK, Moy Park and Pilgrim’s Food Masters under one banner last year
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Agroberries acquires BerryWorld to become second largest berry company
The combined company will commercialise approximately 150,000 tonnes of blueberries, strawberries, raspberries and blackberries per year
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Hero Group outlines big expansion plans for Deliciously Ella
Hero CEO Rob Versloot told The Grocer in an exclusive interview he had also identified significant headroom to grow distribution in the UK in Tesco and Sainsbury’s, where the brand already has a presence, and in Asda, where listings are more limited
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PZ Cussons shares sink on troubles in Africa
Investors sold off the stock in response to the results, sending shares tanking 15% to 87.5p on Wednesday
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CMA to probe Arla Foods Ingredients deal for Volac whey business
Arla’s ingredients division is hoping to transform the site into a global production hub
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City snapshot: Ocado Retail raises sales expectations as sales boom in Q3
Ocado Retail has lifted its full-year revenue expectations after continued momentum in the third quarter led to a 15.5% jump in sales to £658m. Plus, a trading update from vape maker Supreme and C&C Group appoints a non-exec to the board
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Media Bites 19 September: Brexit labelling, Asda, John Lewis
As the government ends ‘not for EU’ labelling, the papers scrutinise Mohsin Issa’s decision to step down at Asda
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Tuggs secures seven-figure investment to bolster insect dogfood brand
Insect-based dogfood startup Tuggs has used a £1.1m investment round to boost growth and make its supply chain more sustainable
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Cost saving and ‘inflation mitigation’ sustains profits at Lucozade Ribena Suntory
The reporting period pre-dates disruption that has hit the supplier this year, however
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Stuart Rose-led team to replace Mohsin Issa at helm of Asda
Rose, the former Marks & Spencer boss who became Asda chairman in 2021, will run Asda alongside Rob Hattrell, a partner at joint owner TDR Capital
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Campari CEO Matteo Fantacchiotti unexpectedly resigns after just five months
A leadership transition committee has been formed to seek a replacement for Fantacchiott
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Media Bites 18 September: Tesco AI, Brexit disaster, choccy horror, Pret success
Tesco is planning apply AI to customer data from its Clubcard loyalty discount scheme to “nudge” shoppers into making healthier choices and reduce waste
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City snapshot: PZ Cussons profits plunge amid currency devaluation in Nigeria
PZ Cussons has moved a step closer to selling off its troubled African business as the personal care group reveals sales and profits in the past year plummeted. Plus, the latest UK inflation and supermarket growth data, and full-year results from Supermarket Income REIT
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THG shares crash again as Ingenuity demerger plans revealed
Shares in THG have plunged today, as a warning that profits would be at the low end of forecasts took the shine off plans to split the e-commerce giant into two separate companies
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Campari buys stake in Bunnahabhain whisky brand owner CVH Spirits
CVH Spirits also owns scotch whisky brands Tobermory, Deanston and Black Bottle
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Media Bites 17 September: Oxford Street, remote working, Amazon, THG, Brexit checks
London’s Oxford Street is to be pedestrianised in a “major regeneration” plan announced by Sadiq Khan
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City snapshot: THG explores Ingenuity demerger
Ecommerce giant THG is weighing up a demerger of its Ingenuity platform to help strengthen its balance sheet and reinvigorate the embattled stock. Plus, Mcbride reports full-year results, with better-than-expected profits
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Hotel Chocolat appoints new UK CEO to replace co-founder Angus Thirlwell
Lysa Hardy’s promotion is the first major change to the retailer’s top ranks following Mars’ £534m takeover in November 2023