All Finance articles – Page 112
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NewsCity snapshot: Reckitt Benckiser disappoints amid falling volumes and a weak Q4
Consumer goods giant Reckitt Benckiser has performed below City expectations in 2023 as like-for-like revenues declined 1.2% in a “unsatisfactory” fourth quarter. Plus, Just Eat Takeaway and Glanbia report full-year results
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NewsKitwave records strong performance and pre-tax profit up 40% in 2023
Kitwave delivered a “strong set of results” in 2023, increasing revenue of £100m over the past 12 months
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NewsVegan Food Group acquires Germany’s TofuTown
TofuTown generates annual revenues of €60m (£51m) and makes all-natural, organic tofu, plant-based spreads and meat alternatives in one of Europe’s largest vegan factories
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NewsIllva Saronno swallows up Engine gin
The Italian company first acquired a stake in Engine in 2021
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NewsBreal plots further acquisitions to hit £100m brewing revenue target
Last year saw Breal acquire four craft brewers out of administration
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NewsCity snapshot: Grocery price inflation falls to two-year low
Grocery price inflation has fallen to its lowest level since March 2022, according to new data from Kantar, as promotions accelerated supermarkets continue to focus on price
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NewsMedia Bites 27 February: Morrisons, budget, food inflation, Wincanton
Morrisons has hired advisers to explore the potential sale of its bakery business, as the supermarket considers offloading assets to pay down debts, according to reports in this morning’s papers
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NewsVegetarian Express to scale faster thanks to £15m NVM Private Equity investment
Plant-based ingredients supplier Vegetarian Express has secured a £15m investment in return for a controlling stake in the business from NVM Private Equity
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NewsDriscoll’s strikes deal to acquire Australia’s Costa Group
US berry giant Driscoll’s has expanded its presence in Australia with the acquisition of Costa Group, a leading grower, packer and marketer of fresh fruit and vegetables in the country
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NewsAustralian Vintage weighs up merger with Accolade Wines
Could McGuigan and Hardys soon share a single owner?
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NewsMedia Bites 26 February: M&S/Ocado, discounters, The Body Shop
Marks & Spencer is withholding a multimillion-pound payment to Ocado Group after their grocery delivery venture missed key performance targets
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NewsCity snapshot: Wincanton backs increased £605m takeover offer from CEVA
Logistics group Wincanton has received a higher takeover offer from French multinational CEVA Logistics after a final-hour approach from a potential competing bidder
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NewsCity News: Nestlé shares suffer as inflation knocks consumer demand
Nestlé shares suffered this week after it posted weaker than expected sales amid a drop in volumes, as inflation hit demand
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NewsHalewood sees £33m revenue decline as it refocuses spirits portfolio
Premium drinks player Halewood Artisanal Spirits saw annual losses grow to over £20m amid a refocus on its core UK branded portfolio and the shedding of low-margin products.
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NewsNewlat puts blame on ‘challenging market’ as it exits Princes deal
Newlat was in advanced discussions to buy Princes and understood to be in a two-way fight with UK private equity firm Epiris
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NewsCity snapshot: CCEP posts annual growth of 8% despite dip in sales volumes
Coca-Cola Europacific Partners has posted annual constant currency growth of 8% despite a dip in overall sales volumes
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NewsMedia Bites 23 February: Diageo/Pimms, Nestlé, Danone
Diageo, the FTSE-100 alcoholic beverages giant, is exploring the sale of a trio of non-core brands including Pimm’s
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NewsVegan sweets startup Tasty Mates secures £60k on Dragons’ Den
Founders Joe Woolf and Nick Sunshine will use the funds for inventory and a brand refresh
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NewsCraft beer platform Brewser nears £150k crowd target
The business, founded by Lewis Ryan, Oliver Morgan and James Atherton in 2021, connects drinkers directly with indie breweries in the UK and overseas
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NewsCharlie Bigham’s growth slows as straitened shoppers buy less
Volumes were flat in the year ended 31 August 2023, compared with double-digit gains in the prior 12 months