All articles by Harry Holmes – Page 11
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NewsKitwave revenue grows 10% due to latest buying spree
The AIM-listed business completed the acquisition of three businesses last year
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NewsGreggs’ sales top £2bn but slowdown continues
Greggs’ share price plummeted 10% in January after the chain disappointed investors
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NewsBeyond Meat cuts jobs and suspends China operations in bid to reduce costs
Beyond Meat is cutting its expenses over the next two years in a bid to turn a profit by the end of 2026
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NewsMackie’s profits on the rise amid supermarket success
The bulk of its growth was driven by extra listings for its ice cream in supermarkets like Tesco and Sainsbury’s
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NewsEG Group’s profits lift ahead of expected IPO
An initial public offering could value the business at about $13bn
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NewsCity snapshot: Ocado share price down 10% in early trading
Ocado published its full-year results this morning. Haleon’s share price has also taken a hit after its revenues slipped 0.6% last year
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NewsOcado’s strong grocery sales help cut losses
Ocado Retail, its joint venture with M&S, saw revenue jump 13.9% last year
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NewsHaleon profits rise as toothpaste and vitamins given boost
The Sensodyne owner was spun off from drugmaker GSK in 2022
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NewsCrosta Mollica turnover soars following private equity buyout
Crosta Mollica launched its first pizzas in 2009 and these continue to be its biggest strength
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NewsThatchers bucks falling cider sales to notch record year
Thatchers’ market share is now almost 20% as it took sales from cheaper rivals such as Strongbow
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NewsTaylors Snacks sales swell following Mackie’s exit
The Taylor family initially launched a range of crisps in 2009 as a joint venture with Scottish food group Mackie’s
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NewsDanone confident in turnaround as sales surpass expectations
Danone wants to be ‘a truly science‑based, consumer and patient‑centric company’
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NewsCity snapshot: AB InBev revenue hits record high
AB InBev’s revenue was boosted by more expensive beers although a 19% fall in volumes in China could worry some investors. Also, Glanbia reports full-year results
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NewsGlanbia sales pumped by shoppers’ taste for protein
Optimum Nutrition and Isopure, two of Glanbia’s core protein brands, both delivered double-digit volume growth
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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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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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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