All Finance articles – Page 262
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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.
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NewsUnited Biscuits sales drop amid ‘unprecedented’ year
The UK’s biggest biscuit maker United Biscuits suffered a drop in sales and profits last year due to “unprecedented challenges” in the category
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NewsCity News: B&M shares plummet on sales and profits downturn
B&M was a clear winner from the pandemic as its stores stayed open through lockdowns, but the City sent its shares down by double digits on Tuesday amid concerns over changing leadership and a downturn in sale and profits
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NewsBrewDog narrows losses thanks to efficiencies and jump in sales
Punk craft beer brand BrewDog has narrowed its losses as NPD and growing supermarket distribution helped revenues jumped 21% last year.
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NewsMedia Bites 1 June: Unilever, B&M, Brewdog
The appointment of the Trian Fund Management founder has heightened expectations of a drastic overhaul at Unilever
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NewsCity Snapshot: Grocery price inflation accelerates at decade-high pace
Food prices accelerated at their fastest rate in more than decade as retail trade body the BRC warns inflation is set “to get worse before it gets better”.
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NewsIllycaffè sales rebound to pre-pandemic levels as out of home consumption returns
Italian coffee giant Illycaffè posted consolidated revenue for 2021 of €500m, a 17.4% increase compared to 2020
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NewsUnilever shares soars as it hands activist investor Nelson Peltz board seat
Peltz will join the Persil, Dove and Magnum maker as non-executive director on 20 July, as well as taking a place on the group’s compensation committee.
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NewsShandy Shack closes second funding round as revenues accelerate towards £1m
The business will use the £235,000 raised from a group of angel investors to grow its team, including the recruitment of a brand manager joining from Graze in June, support listings with Sainsbury’s and to expand the direct-to-consumer operation.
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NewsOils specialist KTC acquired by private equity player Endless
Oils and canned produce specialist KTC Edibles has been acquired by UK private equity player Endless following a process first revealed by The Grocer