All Finance articles – Page 129
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NewsGood Food Programme recruits seven new challenger brands
Each will receive a £15,000 equity-free grant and benefit from two years of specialised branding support
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NewsCity snapshot: UK food inflation continues to decelerate
Annual shop price inflation dropped to 6.9% in August as food inflation continues to decelerate, albeit food price growth remains in double digits
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NewsMedia Bites 29 August: Wilko, food prices, Asda
The fate of Wilko continues to generate lots of headlines, alongside lots of food and drink news over a busy bank holiday weekend.
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NewsCity News: Tesco boosted by market share gains and broker endorsement
Britain’s biggest grocer received a double boost this week
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NewsLily’s Kitchen sales build at home and abroad following Nestlé takeover
Premium petfood player Lily’s Kitchen has continued to rapidly build sales following its April 2020 acquisition by Nestlé
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NewsHeineken takes €300m hit to exit Russia
Global brewer Heineken has completed its exit from Russia, incurring a total cumulative loss of €300m on the deal
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NewsCity snapshot: UK consumer confidence improves in August
UK consumer confidence continued to improve in August as falling inflation has boosted economic expectations
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NewsSubway agrees sale to PE group Roark Capital
Global quick service food chain Subway has agreed a sale to US private equity giant Roark Capital in a deal purported to be worth $9.6bn
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NewsMedia Bites 25 August: Wilko, Subway, Asda
A last-gasp attempt to rescue the stricken retail chain Wilko creates headlines this morning.
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NewsBreal Capital completes Brew By Numbers acquisition
The deal sees the south London craft brewery join Brick Brewery and Black Sheep in Breal’s stable
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NewsCrediton Dairy to pump £20m into production and sustainability
Upgrades will be made to dairy processing capabilities, employee welfare and office facilities, and carbon reduction initiatives
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NewsCity snapshot: Majority of Wilko stores to close within a week, union warns
The GMB Union has warned its members that the majority of Wilko stores will close within a week after a purchase of the discount retailer fell through
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NewsExponent sells Meadow Foods stake to Fairfax Financial
Private equity player Exponent has sold a ‘significant’ stake in ingredients specialist Meadow Foods to investment group Fairfax Financial
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NewsHoly ready to shake up UK soft drinks as it raises €10.5m for expansion
Founded in 2020, the brand sells energy drinks and iced tea in a powder form to be topped up and mixed with water by consumers at home.
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NewsMedia Bites 24 August: Wilko, Brexit, John Lewis
Hopes for a rescue of collapsed discounter Wilko faded yesterday as administrators provided an update on the ongoing attempts to sell the business.
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NewsRaheem Sterling-backed online grocer Oja enters administration
Founder Mariam Jimoh said the company faced ‘operational difficulties’ and an ‘unexpected dip in Q1 revenues’
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NewsMedia Bites 23 Aug: Marks & Spencer, Subway, Getir
Marks & Spencer could be promoted to the FTSE 100 after a four-year hiatus as its turnaround finally bears fruit
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NewsCity snapshot: Reckitt Benckiser appoints new CFO from Nike as Jeff Carr retires
Reckitt Benckiser CFO Jeff Carr has handed in his notice, with the multinational consumer goods group appointing a replacement from Nike to take over the role. Plus, Wynnstay Group appoints new finance director.
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NewsClimate change inaction to cost fmcg giants billions of pounds
Procter & Gamble, Colgate-Palmolive and Unilever all face billions in costs unless they urgently tackle Scope 3 emissions
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NewsCity snapshot: Grocery sales growth slows to lowest level since January
Poor weather and persistent inflation hit volumes throughout July