All Finance articles – Page 38
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NewsCity snapshot: British food stocks provide safe haven amid market rout
As the FTSE 100 fell around 1.5% yesterday, several fmcg stocks were up around 3%. It was a different picture, however, across the Channel
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NewsControversial Cranswick ‘mega farm’ plans rejected by local council
Councillors rejected the plans due to its impact on ecology and climate change
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NewsSierra Tequila owner Stock Spirits buys UK distributor The Drinks Company
The deal will bring UK distribution of Sierra Tequila – the number one tequila in the off-trade – under Stock Spirits’ direct control
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NewsTrump tariffs ‘shouldn’t dampen prospects’ for sparkling wine, Chapel Down boss says
Chapel Down hopes to win 1% share of global champagne by 2035
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NewsFormer Marks & Spencer co-CEO joins Sainsbury’s in board shake-up
It marks a return to retail for Katie Bickerstaffe, since she stepped down from her role as joint co-CEO of M&S in July 2024
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NewsCo-op profits quadruple but business warns of stiff winds ahead
Its profit growth was led by strong improvements in food and life services
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NewsChapel Down pledges ‘return to full profitability’ in 2025
It had been ‘a tougher year’ for the supplier but things were looking up, chairman Martin Glenn insisted
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NewsM&S chairman: online grocery is ‘a desert of profit’
‘There’s been more wealth destroyed by people trying to develop food online businesses than any other industry I can think of,’ said M&S chairman Archie Norman.
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NewsMedia Bites 2 April: Trump tariffs, Asda, inflation, Wild, Tobacco, 7-Eleven
Much of today’s press focus is on Donald Trump and speciifcally the US president’s so-called ’Liberation Day’ tarrifs
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NewsGreencore to buy rival food-to-go firm Bakkavor for £1.2bn
Bakkavor had previously rebuffed two offers from Greencore, including a £1.1bn approach last month.
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NewsHarvey Nichols losses deepen despite turnaround attempts
The retailer blamed ‘weak consumer confidence as a result of the cost of living crisis’ however it’s the latest loss under the ownership of Hong Kong-based Dickson Concepts
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NewsGreencore hikes earnings forecast amid latest Bakkavor buyout attempt
Greencore’s share price was up 5% following the announcement
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NewsOil specialist KTC Edibles bought by Whitworths Food Group
KTC has been owned by private equity firm Endless since May 2022
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NewsFood inflation rises to nine-month high
Economists think inflation will rise over the summer due to increases in food and energy costs
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NewsMedia Bites 1 April: Harrods, Post Office, Yum Brands
Late former Harrods owner Mohamed Al Fayed was the subject of reports of sexual abuse following his death last year
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NewsMajestic to accelerate on-trade ambitions with deal to acquire Enotria&Coe
Majestic said it had identified ‘significant potential’ to grow the business alongside its existing B2B arm
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NewsNaked Wines founder Rowan Gormley steps aside as new strategic plan takes shape
Founder Rowan Gormley stepped in to rescue Naked in 2023, but has now elected to step away
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NewsCity snapshot: Pets at Home warns of profit drop next year
Pets at Home’s share price is down over 20% since it warned of a ‘unusually subdued’ pet retail market in November. Also, the Artisanal Spirits Company returns to profit
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NewsMedia Bites 31 March: Primark, M&S in the north west, Asda, DP World
In high street news, many outlets pounced on the story that Primark boss Paul Marchant has resigned
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NewsFood sales fall in February as wider retail sales climb
‘After a very strong January, food sales fell back this month, particularly across supermarkets,’ said ONS senior statistician Hannah Finselbach