All articles by Harry Holmes – Page 8
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NewsCity snapshot: retailers fear Trump tariffs will hit high street footfall
Business and shopper confidence remains low with inflation and unemployment both on the rise
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NewsGenius Foods bailed out by owner after losses mount
Katjes has sought to initiate a turnaround at Genius since buying the business in 2022, but has struggled to make much headway
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NewsTesco slashing £500m of costs as price war escalates
Tesco is cutting an additional £500m of costs amid escalating costs and falling profits, saying it needs the ‘flexibility and firepower… to respond to current market conditions’
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NewsCity snapshot: KKR nears €2.5bn deal for Karo Healthcare
A deal would be counter to the downbeat mood following Donald Trump’s decision to place tariffs on almost every country
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NewsHome-cooked dogfood company Different Dog raises £10m
The £10m will be used to build a new ‘state-of-the-art facility’ in Telford, the ‘dog capital of the UK’
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NewsEco cleaning brand Smol edges closer to profitability
Smol has prioritised growth since it raised $34m in a series B round in 2021
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NewsCity snapshot: Hilton Foods’ profits up 15% off strong volume growth
The business is set to expand its international presence with a launch into Saudia Arabia next year
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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