All articles by Harry Holmes – Page 2
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NewsCity snapshot: Applied Nutrition’s revenue grows on strong UK demand
The company said it did not expect to be materially impacted by US tariffs as it has ‘a number of options’ to mitigate the impact
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NewsEgg giant Eurovo enters the UK with purchase of Two Chicks
Eurovo is one of the largest European egg producers, sold in over 40 countries and with annual sales over €1.25bn
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NewsCity snapshot: British food stocks provide safe haven amid market rout
As the FTSE 100 fell around 1.5% yesterday, several fmcg stocks were up around 3%. It was a different picture, however, across the Channel
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NewsCo-op profits quadruple but business warns of stiff winds ahead
Its profit growth was led by strong improvements in food and life services
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NewsCity snapshot: former M&S CEO joins Sainsbury’s board
Katie Bickerstaffe will be joined on the Sainsbury’s board by Steve Hare, CEO of software company Sage
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NewsGreencore to buy rival food-to-go firm Bakkavor for £1.2bn
Bakkavor had previously rebuffed two offers from Greencore, including a £1.1bn approach last month.
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NewsGreencore hikes earnings forecast amid latest Bakkavor buyout attempt
Greencore’s share price was up 5% following the announcement
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NewsOil specialist KTC Edibles bought by Whitworths Food Group
KTC has been owned by private equity firm Endless since May 2022
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NewsUnilever acquires sustainable deodorant brand Wild
The terms of the deal have not been disclosed but it is believed to value Wild at around £230m
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NewsFood inflation rises to nine-month high
Economists think inflation will rise over the summer due to increases in food and energy costs
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NewsCity snapshot: Pets at Home warns of profit drop next year
Pets at Home’s share price is down over 20% since it warned of a ‘unusually subdued’ pet retail market in November. Also, the Artisanal Spirits Company returns to profit
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NewsCity snapshot: WH Smith sells high street stores for £76m
The deal does not include the WH Smith name, meaning all stores will rebrand as TGJones
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NewsWH Smith to rebrand as TGJones after £76m sale
The deal does not include the WH Smith brand, meaning all stores will rebrand as TGJones after a short transition
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NewsGreencore raises bid for rival Bakkavor, says report
Bakkavor has already rebuffed two offers from Greencore, including a £1.1bn approach earlier this month
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NewsCity snapshot: Naked Wines’ share price rises 16% on new strategy
The online wine retailer is undergoing a transformation under new CEO Rodrigo Maza, having finally begun to stem losses at the end of last year
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NewsNaked Wines unveils new plan to rediscover growth
Some investors have raised concerns over the risks in Naked’s business model
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Comment & OpinionSpring statement 2025: no crumbs of comfort for food businesses
Today’s statement was never going to be a game-changer – but as inflation begins to fall, can the food industry and retail find a silver lining?
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NewsFood inflation steady at 3.3% as industry braces for spring budget
There was good news for fish shoppers with prices down 0.7%
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NewsCity snapshot: inflation falls to 2.8% ahead of spring budget
Alcohol and tobacco were some of the biggest risers, up 5.7% over the past 12 months, while food inflation remained steady at 3.3%
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NewsVirgin Wines to pump £20m into ‘turbocharging’ growth
The company is hoping the strategy will deliver £100m in annual revenue by 2030