All articles by Harry Holmes
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NewsNestlé job cuts plan welcomed by investors
Nestlé’s plan to cut 16,000 jobs over the next two years may do little for staff morale, but was heartily welcomed by investors
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NewsNestlé to cut 16,000 jobs as new boss accelerates turnaround
“The world is changing, and Nestlé needs to change faster,” said Nestlé’s new CEO
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NewsPernod Ricard remains hopeful despite sales falling again
Pernod’s share price is already down by a third over the past year
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NewsOnline food shop returns to Covid-era popularity
Online now has its highest market share since March 2022
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NewsTHG delivers strongest quarter in four years
THG returned to the FTSE 250 last month after an upgrade by JP Morgan
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NewsBrits cut spending ahead of November budget
Two reports out Tuesday suggest shoppers are growing more cautious
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NewsUpper Crust owner launches £100m share buyback amid takeover rumours
An activist investor is reportedly encouraging private equity groups to launch a takeover bid
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NewsB&M launches ‘decisive’ turnaround as profits fall again
The discount retailer is under pressure due to declining profits and stagnant growth
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NewsTesco raises profit guidance after strong summer sales
Britain’s biggest supermarket cut its profit guidance earlier this year due to a looming price war
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NewsBeyond Meat shares hit all-time low over plan to wipe out $800m of debt
The announcement drove the company’s share price down 36% on Monday
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NewsMicrosalt cuts losses as scale ramps up
Microsalt previously cut its sales forecast due to the US ban on food dyes
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NewsAG Barr’s profits fizz after hiking prices
AG Barr’s profits surged 20% in the first half of the year off the back of rising prices and better operating margin
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NewsNon-food prices push up inflation in September
Food inflation held steady at 4.2%, ending seven months of successive growth
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NewsPets at Home recruits new CFO from PZ Cussons
The retailer is rebuilding its top team amid declining sales
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NewsHilton Foods sells Fairfax Meadow to Sysco for £54m
Hilton bought the business in 2021 to help it expand into foodservice
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Analysis & FeaturesWas Urban Legend ahead of its time or always set to fail?
The doughnut brand’s tech is ingenious – and will be sold on. So why didn’t its products catch on?
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NewsStarbucks to shutter cafés in £750m turnaround plan
The world’s biggest coffee chain is battling slowing sales due to high prices and strong competition
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NewsProper Snacks sales back on track with new factory
Proper Snacks was taken over by private equity in 2021 and merged with Eat Real
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NewsKTC Edibles tripled profits ahead of sale to Whitworths
Despite rising profits, revenue for KTC Edibles has dropped for the second year in a row
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NewsCo-op cyberattack to cost £120m in lost profits
Co-op’s stores suffered widespread availability issues for two weeks in May