All Finance articles – Page 54
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NewsFiddes Payne home baking business acquired by Albex Group
The Fiddes Payne deal will enable the home baking group to grow its production, accelerate NPD and ‘ensure excellent customer standards are maintained’
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NewsPladis CEO Salman Amin leaves McVitie’s owner with immediate effect
The Turkish snacking giant announced the move in an internal memo on Monday, revealing Amin stepped down for personal reasons
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Analysis & FeaturesWhy has Unilever ditched well-liked CEO Hein Schumacher?
Analysts described Schumacher’s successor Fernando Fernandez – an appointment from inside Unilever – as ‘fiery and charismatic’
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NewsSalford Rum crowdfunds £250k in less than one hour
The rum is listed in Morrisons, Waitrose and Co-op, with the business valued at £2.7m
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NewsEnglish winemaker Gusbourne board backs move to go private
The idea was initiated by majority shareholder and former Conservative politician Lord Ashcroft earlier this month
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NewsCity snapshot: Unilever CEO Hein Schumacher in shock exit
James Edwardes Jones, an analyst at RBC Capital Markets, said he was ‘gobsmacked’ by Schumacher’s departure. Also, McBride confirms half-year results
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NewsUnilever CEO Hein Schumacher to step down later this week
He will be replaced by Fernando Fernandez, Unilever’s current chief financial officer
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NewsDiscount chain MaxiDeals goes into liquidation
MaxiDeals ceased trading ‘very suddenly’ in a ‘really tough trading environment accompanied with rising costs’
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NewsB&M boss Alex Russo to step down as chain issues another profits warning
B&M boss Alex Russo is to step down from his position at the discounter as it downgraded its profits guidance for the second time this year
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NewsCity snapshot: Just Eat set to be acquired and B&M boss Alex Russo to step down
Just Eat Takeaway has agreed to a €4.1bn offer from Dutch investment group Prosus. Plus, B&M CEO Alex Russo to step down as the discounter issues another profits warning
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NewsJust Eat agrees to €4.1bn offer from Prosus
Just Eat Takeaway is set to be acquired by Dutch investment group Prosus for €4.1bn with a view to building a European food delivery champion
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NewsUK brewery numbers slide by 100 in the space of a year
The dip is a significant increase on last year
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NewsCity snapshot: Food sales jump as shoppers stay home
Retail sales bounced back in January with a bigger-than-predicted rise thanks to strong growth in food stores as people ate more at home to save money, according to new official figures. Plus, consumer confidence also improved in February
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NewsBBQ brand Lumberjaxe lands £90k offer from Dragons’ Den
Seasoning and sauces brand Lumberjaxe is planning to shake up the BBQ category after scoring an investment deal during an appearance on Dragons’ Den
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NewsWalgreens Boots shares soar as new life is breathed into possible PE takeover
Shares in Walgreens Boots Alliance received a shot in the arm this week as speculation circulated that a potential private equity takeover of the US pharmacy giant was alive and kicking. It means a carve out of the UK high street Boots chain is once again a possibility
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NewsCampari confirms restructure to ‘accelerate growth and profitability’
Campari said topline performance and investments had dragged on profitability
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NewsRude Health profits doubled prior to Oddlygood buyout
Rude Health is bucking a category slowdown in plant-based milks, which saw overall volumes drop 2% last year
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NewsMedia Bites 20 February: Trump tariff backlash, Tesco apologises over online glitch
Minutes US Federal Reserve’s January meeting revealed members of its committee believe Trump’s policies might ’hinder the disinflation process’
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NewsCity snapshot: Retailers dealt fresh blow as consumer confidence sinks further
Even Gen Z – ‘the most upbeat generation on the economy and their own finances’ – saw a drop-off in optimism
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NewsGXO purchase of Wincanton could raise costs for supermarkets, says CMA
GXO agreed to acquire Wincanton in April 2024 but the takeover was subject to checks