All Finance articles – Page 31
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NewsInflation on supermarket shelves drives surge in UK food sales
Soaring prices in supermarkets has fuelled a jump in UK food sales in the past month, as volumes in store remained under “sustained pressure” and consumer confidence continued to drop
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NewsBakkavor completes £50m exit from China
The cash sale – for CN¥509m (£50m) – is expected to make Bakkavor a net profit of at least £18m
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NewsPladis ploughs £68m into McVitie’s and Jacob’s factory upgrades
The investment will primarily benefit its sites in the north west of England
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NewsCompleat Food Group acquires sandwich filling maker Freshpak
The acquisition – for an undisclosed sum – gives The Compleat Food Group new capabilities in egg processing
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NewsThe Original Factory Shop moves head office amid CVA
The variety discounter is relocating to a new head office in Bolton, with distribution to be handed over to a third party
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NewsNurture Brands teams up with FareShare to help with cost of living crisis
Nurture said its decision to focus on a domestic charity was fuelled by the ongoing cost of living crisis
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NewsKraft Heinz weighs separation of groceries and condiments
One option on the table is a separation of the groceries part of its portfolio from the sauces and condiments operation
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NewsMedia Bites 14 July: tariffs, shopworkers, cybersecurity
Trump has announced a 30% tariff on imports from the EU from 1 August, and Morrisons has banned shop floor staff from stockrooms
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NewsHovis confirms talks over merger as losses deepen and sales fall
Turnover at Hovis fell 8.6% to £446.8m in the 52 weeks to 28 September 2024, down from £489m in the previous 53-week financial period, the accounts revealed
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NewsPoundland dismisses reports of supply restrictions as ‘bunkum’
A Poundland spokesman told The Grocer P&G had never placed any restrictions on the discount chain’s supply and Nestlé had actually increased its limits on Wednesday
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NewsFerrero agrees $3.1bn takeover of WK Kellogg Co
The group said Kellogg’s range of cereal brands, including Frosted Flakes, Froot Loops, Special K and Rice Krispies, were ‘highly complementary’ to its offering
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NewsShoppers avoid the high street during heatwave
Total UK footfall decreased by 1.8% in June, compared with a 1.7% fall in May
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NewsNew Princes Group buys Kraft Heinz’s Italian baby business
New Princes Group, formerly known as Newlat, has agreed to buy Kraft Heinz’s entire Italian baby food and nutrition business
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NewsAG Barr strikes deal with Thomas ‘Hal’ Robson-Kanu to partner with The Turmeric Co
AG Barr’s deal with The Turmeric Co will support the former Wales footballer’s ambitious plans to supercharge growth in the healthier drinks category
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NewsProfit and revenue slips at Weetabix as shoppers continue run toward own label
Weetabix has blamed another year of switching to private label for falling volumes, as operating profit and revenue both shrank in 2024
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NewsFerrero to snap up remaining US Kellogg's business in rumoured $3bn deal
the deal would bring WK Kellogg into the fold with Ferrero’s portfolio of brands including Ferrero Rocher, Tic Tac and Kinder
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NewsMedia Bites 10 July: Ferrero’s WK Kellogg deal and coffee prices
WK Kellogg’s shares surged by more than 56% in extended trading
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NewsCBD brand Goodrays closes £5m fundraise to fuel future growth
Funds would be used to launch new products, ramp up marketing investment and support retail listings, Goodrays said
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NewsInspired Pet Nutrition targets ‘ambitious’ European expansion with French buy
Fast-growing Inspired Pet Nutrition has agreed to buy Sopral, a French premium dry petfood manufacturer, as part of its plans for ‘ambitious’ growth on the Continent
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NewsDale Farm credits ‘exceptional teamwork’ for strong financial results
Turnover for the farmer-owned dairy co-operative shot up from £631.4m to £722.4m, figures for the year ending March 2025 have revealed