All Finance articles – Page 138
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NewsLDC exits Cakesmiths as European bakery steps in
Handmade cakes supplier Cakesmiths has been acquired by European frozen pastries group Onore, providing private equity backer LDC with an exit
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NewsCity News: Pepco Group posts ‘record’ revenues but profits take a hit
European discount retail group and Poundland owner Pepco Group posted “record” revenues last year, but shares have fallen back on a sharp drop in profitability and a slowing of sales
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NewsPeriod pad pioneer Planera smashes £600k fundraising target
The maker of UK’s first fully certified flushable sanitary pad has raised over £730k to increase production and ready the brand for a retail launch
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NewsChristmas deadline set to find buyer for collapsed VBites
Administrators are racing to find a new buyer for Heather Mills’ vegan brand VBites before a Christmas deadline following its collapse into administration
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NewsCity snapshot: Consumer confidence edges upwards ahead of Christmas
Consumer confidence rose again in December as lowering inflation underpins more confidence in the UK’s economic prospects for 2024
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NewsWillicroft raising funds to launch fermented plant-based butter
Dutch vegan cheese maker Willicroft is aiming to raise €350k from the crowd
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NewsMedia Bites 15 December: interest rates, Christmas dinner, Campari
The Bank of England kept rates steady at 5.25% on Thursday as governor Andrew Bailey warned there was “still some way to go” before inflation hit its target.
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NewsCity Snapshot: SSP Group increases global footprint with Canada acquisition
SSP Group has announced a further expansion in its geographic reach with a deal to acquire a Canadian food airport operator and will also open further units in Saudi Arabia
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NewsMedia Bites 14 December: Apprentice levy, Berry Bros, Diageo
Britain’s biggest supermarkets, including Tesco, Asda and Morrisons, are calling on the government to reform the apprenticeship levy to address “critical and persistent” labour shortages.
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NewsDeliciously Ella buys Milton Keynes factory out of administration
The 15,000 sq ft site, formerly owned by Green Way Foods, has been one of the brand’s core suppliers since it launched in 2016
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NewsBoots owner explores potential London IPO
The US owner of Boots is once again exploring options to sell off the UK pharmacy chain, including the possibility of a flotation on the London Stock Exchange
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NewsBacardi adds Teeling Whiskey to UK portfolio after upping ownership stake
The Patrón Tequila owner will take on distribution of Teeling in markets including the UK, the Netherlands, Germany and Austria
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NewsCity snapshot: Distribution group NWF sees first half slowdown as commodity prices ease
Food, feed and fuel specialist distributor NWF Group is on target to hit full year expectations despite a “more challenging” first half as pricing eased
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NewsMedia Bites 13 December: Boots, Unilever, Sainsbury’s
Walgreens Boots Alliance is reviving discussions on a potential exit from its UK pharmacy chain Boots nearly 18 months after a sale process was scrapped
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NewsNewlat confirms Princes talks as process reaches ‘advanced’ stage
Italian food group Newlat has confirmed it is one of the parties vying to acquire canned food giant Princes
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NewsCity snapshot: UK shoppers save now to spend £5bn on food during Christmas week
Grocery sales growth slowed in November as shoppers delayed spending on food and drink to take advantage of seasonal promotions during Christmas week. Plus, the CMA opens a probe into Unilever around claims of “greenwashing” and Pepco posts record sales but profits fall back
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NewsMedia Bites 12 December: VBites, Unilever, British American Tobacco
Heather Mills’s vegan food business, VBites, has collapsed into administration after failing to secure fresh funding
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NewsHeather Mills’ vegan empire VBites calls in administrators
VBites, the vegan meat and cheese producer created by Heather Mills, has called in administrators after failing to attract new funding amid cost pressures
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NewsCity snapshot: Whisky and gin drives 13% rise in UK drinks exports
UK drinks exports grew 13% last year to £9.4bn as international demand for UK spirits boosted global sales
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NewsMedia Bites 11 December: Loyalty cards, Asda, Princes
Tesco and Sainsbury’s are making an estimated £300m a year from selling information about their customers