All Finance articles – Page 119
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NewsBeyond Meat shares rally as vegan brand plots higher prices and better margins
Shares in Beyond Meat have shot up by 45% as the plant-based foods group signalled a move to raise its prices and highlighted improving margins as a result of cost cutting
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NewsMorrisons explores potential sale of Rathbones bakery
Morrisons is reportedly weighing up a sale of its Rathbones bakery as the supermarket continues to investigate ways to shrink its debt burden
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NewsAvara posts second year of big losses amid ‘challenging’ environment for poultry
The poultry giant said price hikes did not fully offset its overall increase in production costs
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NewsWincanton shares soar as GXO sparks potential bidding war for logistics group
US logistics firm GXO has been given a deadline to ‘put up or shut up’ after sparking a potential bidding war for Wincanton this week
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NewsMedia Bites 28 February: Grocery market share, M&S, Beyond Meat
Grocery price inflation in the UK has slowed to a two-year low as fierce competition among supermarkets offset the impact of the Red Sea shipping crisis on goods prices
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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