All articles by Harry Holmes – Page 13
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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
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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
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NewsOnline farmers market breaks crowdfunding target of £200k
Wylde Market operates a weekly market for fishermen, farmers, and foragers to sell directly to online customers
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NewsChallenger brand ’one-stop shop’ created in multimillion-pound merger
Media agency MNC said it will create a ‘new paradigm that fuses media, advisory and venture funding’
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NewsCity snapshot: Food inflation rose to 3.3% in January
It was up from 2% in December as meat, bread and cereals drove the greatest price hikes. Plus, Arla publishes its annual figures
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NewsSky Wave Gin exceeds £100k crowdfunding target for ‘global expansion’
It is the second crowdfunding round for the distillery, following a £200k raise in 2022
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NewsCity snapshot: Kerry Group profits up 8% as prices fall
Kerry said numerous markets remained subdued with performance normalising compared to recent history. Also, British wage growth accelerates
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NewsKerry Group sees profits boost ahead of dairy sell-off
Kerry agreed to sell its Irish dairy operation last year to help simplify the business to a pure ingredients company
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NewsOSI boosts UK presence with buyout of Karnova Food Group
Karnova Food Group was created last year with the merger of Yorkshire Premier Meat and Smithfield Murray
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NewsKraft Heinz posts fourth straight quarter of missed sales targets
The food giant is battling sluggish demand for its products
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NewsTate & Lyle shares plunge as price cuts hit revenue
The FTSE 250 company said profit growth will be towards the lower end of guidance
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NewsCity snapshot: Unilever and Nestlé give investors contrasting takeaways
Unilever and Nestlé are among several companies posting updates today, alongside Coca-Cola, British American Tobacco, Tate & Lyle and Applied Nutrition
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NewsBritish American Tobacco puts aside £6bn for Canadian lawsuit
A Quebec court ordered tobacco companies to compensate smokers for health problems
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NewsUnilever to list ice cream business in London, New York and Amsterdam
Unilever said the separation was on track to complete by the end of 2025
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NewsMosa Meat races past crowdfunding target in latest lab-grown beef push
It comes after the lab-grown meat pioneer raised $40m in an oversubscribed round last year
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NewsOatly upbeat on profitability despite missed targets
Oatly has executed a significant transformation in the past two years
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NewsJoe & Seph’s losses bulge in post-pandemic evolution
The gourmet popcorn maker said it is now back in the black and forecasting sales to grow over 20% next year