All Finance articles – Page 4
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NewsPoundland confirms restructure plan, with up to 150 stores to close
Poundland’s frozen and digital distribution centre at Darton, South Yorkshire, is set to close later this year under the plan, followed by its national distribution centre at Springvale in Bilston, West Midlands, in early 2026
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NewsFood & drink manufacturers back in growth as orders rise
The food and drink manufacturing sector has boosted its output for the first time since March, according to a report this morning.
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News‘Chicken King’ BPO buys 2 Sisters JV poultry farming operation
The deal means the BPO is now larger than 2 Sisters Food Group itself
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NewsMedia Bites 16 June: tobacco ads, Fortnum & Mason and rosé wine
Sainsbury’s and Morrisons have been taken to task for illegally advertising tobacco, while Fortnum & Mason makes plans to open stores outside London
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NewsTesco credit rating boost follows strong results
Tesco is in good shape to cope with a supermarket price war, according to S&P, leading to an upgrade from the credit ratings agency
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NewsActivist investor grabs 5% in ‘attractive’ WH Smith
Activist investment firm Palliser revealed it had built up a near 5% stake in WH Smith, calling the retailer an ‘attractive investment opportunity’
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NewsHunter & Gather joins forces with Julia Bradbury to promote ancestral living
Hunter & Gather has signed up TV presenter Julia Bradbury in an exclusive partnership as a brand ambassador to promote its range of ‘ancestrally inspired’ healthier foods
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NewsMedia Bites 13 June: US-UK trade deal, Tesco and Dubai chocolate
Top story is news of an imminent UK-US trade deal that will allow more imported beef and ethanol
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NewsBRC blames ballooning bills for poor May footfall
The BRC has blamed high household bills for May’s “disappointing” footfall figures, as consumers proved reluctant shoppers despite the warmest start to May on record
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NewsTesco share price climbs higher after strong start to the year
Tesco fought off intensifying competition from traditional and discount rivals to continue its run of growing market share in the first quarter to 24 May
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NewsWarburtons defies downturn in wrapped bread as sales rise
Revenues at the group increased 4.2% to £741.1m in the year to 28 September 2024, with volumes defying the structural challenges in the wrapped bread segment of the market by rising 2.9% year on year
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NewsEleventh-hour bid to stop Brazilian meat giant JBS’s Wall Street listing
Campaigners have told the New York Stock Exchange board that the public listing of meat giant JBS listing risked violating US laws
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Comment & OpinionWhy speciality ingredients are attracting investor interest
The speciality ingredients sector is becoming increasingly central to food and beverage companies, says Tom Cunningham, director & European ingredients lead, and Alex Masters, MD & co-head of consumer Europe, at Lincoln International
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NewsTesco boss Ken Murphy admits rivals have ‘upped their game’ in supermarket price war
Tesco’s sales hit £12.3bn in the quarter as its market share climbed to 28% in the latest Kantar results.
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NewsPoundland owner Pepco completes sale of struggling retailer for nominal sum
Poundland MD Barry Williams will continue to lead the business under the new ownership of the retail-focused investment firm Gordon Brothers
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NewsTesco wins more market share as Finest range goes from ‘strength to strength’
The rise in sales beat City expectations, with Tesco highlighting a strong performance from its premium Finest range
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NewsVK and Hooch owner Global Brands suffers sales hangover from introduction of lower abv for its alcopops
Global Brands reduced the abv of its alcopops so it could pay a lower tax rate
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NewsPoundland sale ‘cast into doubt by unpaid business rates’
Poundland is said to have been hit with a series of court claims over the unpaid tax bills
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NewsEvri-DHL merger faces CMA scrutiny
The deal, announced in mid-May, would see Evri acquire DHL’s ecommerce wing in exchange for a minority stake in its own shares
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NewsTesco to focus its Accelerator Programme on health and wellbeing
Tesco said the scheme will be re-focused to champion innovative brands that will tackle some of those key demands