All Finance articles – Page 58
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News
Media Bites 23 August: Nestlé, Gail’s, Brown-Forman
Nestlé announced that chief executive Mark Schneider was stepping down, and will be succeeded by company veteran Laurent Freixe
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News
Allplants optimistic about path to profit as losses mount
The vegan ready meal maker has recorded heavy losses as the business wrestled to shift its capital-intensive model amid challenging macro-economic conditions and declining demand in the plant-based category
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News
Brazil looks to strengthen UK relationship with pork exports
Brazil is hoping to expand its trading partnership with the UK as part of ambitions to start exporting pork into the country as imports from the EU dwindle
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News
City snapshot: Hain Celestial a ‘fundamentally different’ company as turnaround plan progresses
Hain Celestial is on track to deliver $60m in cost savings this year to fuel the US giant’s ongoing turnaround plan
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News
Media Bites 22 August: Waitrose, loyalty cards, Asda
It’s a packed morning in the papers for food & drink news, but Waitrose dominates headlines as it kicks off a new wave of expansion
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Comment & Opinion
Why promotional investment is the new formula for growth
There has been a significant increase in promotional spending over the past 12 months, says Alex Lawrence, senior strategic insight director at Circana
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News
Nexba owner returns to crowd for £1m raise to drive international expansion
The Australian soft drinks brand raised £360k in its domestic market in June
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News
Crediton sees profits jump on back of wider product range
The supplier saw profits after tax increase from £7.9m in 2022 to £9m in the year to 30 December 2023
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News
City snapshot: Mini-heatwave boosts supermarket sales as shoppers dine alfresco
Slowing inflation, a short heatwave and price cuts helped supermarkets record the biggest boost to sales so far this year, according to new data released this morning
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News
Media Bites 21 August: McDonald’s, Diageo, Just Eat
McDonald’s plans to create 24,000 jobs in the UK and the Republic of Ireland over the next four years as it opens more than 200 restaurants in a sign of faith in the high street
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News
Typhoo Tea turnaround disrupted as losses balloon to almost £40m
Losses have spiralled to almost £40m at Typhoo Tea as trespassers occupied and damaged its mothballed factory in Merseyside, dealing an unexpected setback to the embattled company’s turnaround attempt
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KVI Tracker
Cawston Press warns of further juice price pressures amid profits slide
The supplier said it did not expect a reprieve in raw material costs anytime soon
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News
Tofoo Co private equity takeover readies plant-based brand for further growth
The Tofoo Co has been acquired by a new private equity owner to push the plant-based brand to the next stage of growth and continue its mission to take tofu to the masses
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News
City snapshot: Wilkins Group invests in future growth
Food packaging firm Wilkins Group has invested £3.6m in peak performance equipment as part of ambitions to push turnover to £70m
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News
Media Bites 20 August: Asda, inflation, Starbucks
A feature in today’s papers takes a deep dive into what has gone wrong at Asda
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News
City snapshot: Savings outpace spending as disposable incomes rise - Asda
Disposable incomes for the average UK household has returned to highs not seen since prior to the cost-of-living crisis, according to Asda’s latest income tracker
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News
Media Bites 19 August: Morrisons, Asda, Tesco, UPFs
The turmoil engulfing Britain’s private equity-owned supermarkets is intensifying as Morrisons grapples with an exodus of senior management and Asda scales back long-term investments to try and fix growing problems on the shop floor
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News
City News: Carlsberg hikes profit expectations after ‘exciting year’
Carlsberg has hiked its profit expectations after “an exciting year” of volume growth, despite sales being held back by bad weather in Europe
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News
Pots & Co cuts losses as it outsources manufacturing
High-end desserts specialist Pots & Co cut its losses in a ‘milestone’ year that saw it prioritise profitability over sales growth and move towards break-even
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Comment & Opinion
The financial tide is finally turning for food & drink businesses
The ongoing rebound in financial health has made F&B companies more appealing targets for investment, says Shaun Browne, MD and co-head of corporate finance, Europe, at Houlihan Lokey