Finance news
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NewsBrewDog staff and creditors left empty-handed following pre-pack sale
Administrators at AlixPartners said there were insufficient funds to pay all of BrewDog’s creditors
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NewsRetail sales rise in August as consumer confidence picks up
Retail sales volumes picked up by an estimated 0.5% in August, topping off a solid three months for food retailers
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NewsRussia seizes Nestlé assets
The Russian government has seized control of Nestlé’s business in the country, placing it under temporary administration alongside French supermarket chain Auchan on Thursday
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NewsNorthern Pasta Co on track for £1m turnover after Dragons’ Den success
Founders Imogen Royall and Matt Kenyon persuaded Peter Jones and Deborah Meaden to make a joint offer of £50k in return for a 10% slice of the brand
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NewsSoul Kitchen aims to reinvent instant soup after Dragons’ Den appearance
Bella Acland accepted an offer of £40k in return for a 15% stake in the challenger brand from guest dragon Susie Ma
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NewsTropicana halts UK sales decline as portfolio cleanse pays off
Another year of “consolidation” following its 2023 separation from PepsiCo saw the struggling juice, smoothie and waters group slash its number of SKUs and strip out ‘distracting’ NPD to focus on core products
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NewsSupermarket Income REIT’s portfolio value up 24% to over £2bn
Its portfolio of more than 130 stores – including supermarkets operated by Tesco, Sainsbury’s, Asda, Morrisons, M&S, Waitrose and Aldi – grew 24% in value to just over £2bn, according to its annual results
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NewsProfits plunge at McVitie’s owner Pladis in demanding year
EBITDA slipped 4% year on year to £473.7m at the group in 2025, driven by currency headwinds and the strengthening of sterling versus the Turkish lira
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NewsStartup developing clean alternative to fats and emulsifiers raises £7.5m
MicroLub has combined specific proteins and a water base to mimic the effect of fat-based lubrication within food
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NewsSupreme CEO ‘confident’ in face of vaping duty’s blow to margins
Sandy Chadha told investors that Supreme’s 88Vape brand had ‘always been a value proposition’ and for that reason would ‘continue to resonate’
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NewsMcCormick-Unilever tie-up faces official CMA competition review
The phase 1 probe, launched today, follows a call for comment in July from the CMA to any interested industry parties on the $45bn combination
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NewsMorrisons turnaround ‘delivering’ after 15th quarter of sales growth
Morrisons grew sales for the 15th consecutive quarter in a row, in its latest third quarter results
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NewsGlanbia announces next chief financial officer
Wendy Chang Smith, currently chief digital and transformation officer, will take up the post of CFO and board executive director on 30 March
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NewsFood inflation to hold at 6% through 2026 and 2027, IGD says
The IGD has predicted food inflation will rise to 5.6% to 6.6% in 2027 and remain around 5.3% to 6.3% in 2028
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NewsWH Smith scrapes bottom end of profit guidance
The travel retailer told investors this morning that while a ‘solid’ summer peak of trading had boosted revenues 4% in the fourth quarter, full-year headline profit before tax and non-underlying items would come in at £75m
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NewsIran war pushes inflation higher in August despite steady food prices
While food inflation stayed steady on July at 1.3%, transport costs – in particular motor fuel – helped to push headline inflation from 2.9% to 3.1% in August 2026
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NewsEast at Home set for expansion with finance package
Founded by brothers Ali and Mohammed Zaman in 2022, East at Home has doubled in size each year since launching
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NewsAvara announces major £100m investment in British food production
According to Avara the investment programme will strengthen its poultry model by creating a more efficient, resilient and ‘future-fit’ production network
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NewsMedia for Growth launches $75m media investment fund
London-based venture capital firm Media for Growth is seeking to invest a $75m fund in early-stage companies with ambitions to build and scale in the US market
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NewsCMA flags potential issues in Co-op Group and Southern merger
Co-op and Southern have asked the CMA to fast-track the case by taking into consideration undertakings in lieu that would address the concerns raised