All Finance articles – Page 82
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NewsMedia 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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NewsCity 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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NewsPots & 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 & OpinionThe 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
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NewsCity snapshot: Sporting events and better weather boost UK retail sales
Retail sales volumes bounced back to growth in July, according to official statistics, as warmer weather and sporting events boosted activity.
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NewsMedia Bites 16 August: Brexit border controls, Starbucks, WH Smith
Customs agents and businesses have complained to the government that they have been charged for checks on goods that never took place
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NewsJolly Good Beer collapse piles further pressure on independent producers
Many suppliers have already confirmed they are out of pocket
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NewsBlockhead set for relaunch thanks to rescue deal by Peppersmith owner
Functional chewing gum brand Blockhead has been revived in a rescue deal by the owners of sugar-free gum maker Peppersmith, The Grocer can reveal
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NewsCity snapshot: C&C Group forecasts unchanged despite June washout
Drinks supplier and distributor C&C Group has insisted it remains on track to hit annual financial forecasts and bounce back from a troubled period despite poor weather in June
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NewsMedia Bites 15 August: Mars/Kellanova, Asda, Carlsberg
A combination of Mars and Kellanova in a $36bn mega-deal attracts plenty of attention in this morning’s papers
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NewsNelson Peltz’s Trian sells down part of Unilever holding for £181m
Activist investor Nelson Peltz’s hedge fund Trian Partners has sold off a chunk of its holding in Unilever for close to £181m, according to filings published on the London Stock Exchange today
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NewsMars agrees blockbuster $36bn takeover of Kellanova to create snacking behemoth
The all-cash offer marks the biggest deal in Mars’s history, dwarfing the privately owned US group’s $23bn acquisition Wrigley in 2008
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NewsDistil seeks funds after profit warning and collapse in sales
Spirits group Distil is exploring funding options to meet an unexpected shortfall in its finances after it issued a profits warning for 2024
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NewsMona Island Dairy collapsed owing nearly £40m, administrators report reveals
At the time of the administrators report, Mona Island Dairy had 201 company creditors, owed £37.2m
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NewsCo-op and Wincanton extend 30-year partnership deal
Wincanton is UK retail’s leading supply chain provider
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NewsMedia Bites 14 August: Mars, Starbucks, Asda
Mars, the confectionery, food and petcare giant, has reportedly reached an agreement to acquire Pringles and Pop-Tarts maker Kellanova
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NewsCity snapshot: Carlsberg upgrades guidance despite European challenges
Carlsberg has lifted profit expectations after “an exciting year” for the Danish brewer, despite volumes being held back by bad weather in Europe. Plus, first-half results from Glanbia and Distil seeks new funds after revenues plunged 55%
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NewsHuel and Zoe ads featuring Steven Bartlett banned for ‘misleading’ consumers
The Advertising Standards Authority ruled the two nutrition brands had failed to disclose their commercial relationships with the Dragons’ Den star in paid-for Facebook promotions and banned the adverts from appearing again in their current form
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NewsFieldGoods secures six-figure investment to expand distribution
The company will use the £750k – raised from angel investors – to boost brand awareness, back new product development and expand the team
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NewsNestlé hires new directors for the UK & Ireland
Nestlé has appointed a new corporate affairs & sustainability director and head of finance for the UK and Ireland