All Finance articles – Page 172
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NewsGenius to target gut health after takeover
Genius has sought to reposition itself in the functional bread market in a bid to restart growth, tapping into growing consumer interest in gut health.
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NewsThorntons losses under Ferrero hit £190m as closure of retail stores hits sales
Pre-tax losses totalled £26.7m in the 12 months ended 31 August 2021 – a 29% improvement on the prior year’s £37.7m – as overheads associated with the retail operations were erased.
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NewsCity snapshot: Palm oil producer MP Evans reports 51% spike in prices in 2022
Palm oil producer MP Evans has seen its mill gate prices jump 51% in 2022 amid supply constraints and commodity inflation, while palm kernals are up 85%.
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NewsMedia Bites 10 June: Boots, GCA, Morrisons, Poundland, petrol prices
A potential £5.5bn agreement to buy Boots by PE firm Apollo and one of India’s richest men fills the papers this morning.
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NewsMinor Figures receives major investment from Danone’s VC arm and Green Monday
Plant-based beverages player Minor Figures has received a major investment from Danone’s venture capitalist arm and Hong Kong-based social enterprise player Green Monday Group
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NewsOnline drinks retailer Spirit.Ed falls into administration
The owner of online drinks retail and wholesale group Spirit.Ed, previously 31Dover, has fallen into administration following a period of “difficult” trading and an inability to raise new funding
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NewsCity snapshot: Tate & Lyle boosted by global reformulation drive
Tate & Lyle has posted double digit sales and profit growth from continuing operations as the drive to reformulate food and drinks boosted its performance. Plus trading updates from Poundland owner Pepco and British American Tobacco.
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NewsMedia Bites 9 June: CO2, inflation, Tesco, John Lewis
Britain’s biggest fertiliser producer and carbon dioxide supplier to the country’s meat, beer and soft drinks sectors is to close one of its plants as soaring energy costs continue to bite.
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NewsPlant-based brand This to advertise crowdfunding campaign in UK chicken shops
The unorthodox campaign will target “a mainstream, meat-loving audience” with window and in-store ads
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NewsGluten-free bakery Genius Food acquired by German confectionery giants Katjes
Katjes VC arm Greenfood acquired the gluten-free bakery group for an undisclosed amount but said it was its largest acquisition to date.
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NewsMedia Bites 8 June: M&S, Petrol prices, Tesco
The top three executives at Marks and Spencer could earn more than £15m between them for the current financial year if they hit targets
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NewsCity Snapshot: WH Smith appoints new chairman to succeed Henry Staunton
Annette Court will join the board of the retailer as a non-executive director and chairman designate on 1 September and take over Staunton’s position on 1 December.
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NewsMoody’s upgrades Premier Foods on ‘resilient performance’
Ratings agency Moody’s said the company maintained strong key credit ratios and has built sufficient headroom to withstand continued industry headwinds
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NewsCity snapshot: Retail sales slide amid soaring prices and drop in major purchases
UK retail sales fell back 1.1% in May as the cost-of-living crunch blunted consumer demand and consumers shunned higher value items
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NewsMedia Bites 7 June: Sainsbury’s, alcohol-free beer, petrol prices
Sainsbury’s revealed its chief executive received pay worth £3.8m in the latest financial year even as it rejected calls from big investors for it to ensure all workers in its stores receive a living wage.
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NewsOrnua hails ‘record’ year as turnover hits $2.5bn in 2021
Despite ‘persistant challenges’, the dairy company has seen turnover rise to €2.5bn, an increase of 6.9% year on year
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NewsLixir secures seven-figure funding to ‘catapult’ it to next stage of growth
New strategic investors joined with existing backers, including former Pernod Ricard commercial director Chris Ellis, to invest £1.1m in the future growth of the brand.
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NewsFootballer Chris Smalling launches eco-friendly VC fund
ForGood will invest between £50,000 and £1m in businesses addressing environmental issues, such as climate change.
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NewsMedia Bites 6 June: MFG, Grubhub/Just Eat Takeaway, Unilever
One of the world’s biggest oil producers is contemplating a multibillion pound takeover bid for Motor Fuel Group
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NewsCity Snapshot: Gusbourne reveals sparkling growth on Covid recovery
Revenues have almost doubled at Gusbourne as the English wine maker emerged from the pandemic with a growing online presence.