Finance news
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NewsDavid Milner eyes global growth as boss of Crosta-EPG combination
David Milner has told The Grocer of his ambitions “throughout Europe and beyond” following Crosta Mollica’s tie-up with Nestlé spin-off the European Pizza Group
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NewsPepsiCo cuts profit guidance as pressure on US beverages mounts
Despite a strong international performance that beat expectations, PepsiCo Beverages North America dragged the conglomerates’ third-quarter results down with a 3% decline in volumes
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NewsOmega Pressery secures investment from Giles Brook
The Grocer Gold winner will use the six-figure investment, alongside leveraging Brook’s supply chain experience from his days as European CEO at Vita Coco, to support its retail, DTC and international growth strategy
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NewsKen Murphy defends Tesco’s CPI negotiations stance
Tesco is determined to prevent ‘unjustified’ cost price increases
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NewsTesco nudges profit guidance higher despite ‘uncertain backdrop’
UK like-for-like sales slowed from 1.8% in the first quarter to grow just 1.5% in the first half
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NewsBoots owner agrees $9bn sale to Weston family
The deal includes Boots’ retail operations in the UK and Ireland, Boots Opticians, its No7 Beauty Company, and its Thailand and franchised businesses
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NewsBooths sales and basket spend rise despite ‘challenging market’
For the year to 28 March 2026, sales rose by 0.6% to £324.8m at the upmarket retailer
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NewsMarkets have absorbed initial Iran shock better than feared, analysis shows
Healthier business in the finance and tech industries supported a recovery in the third quarter, after the Middle East conflict threatened supply chains, energy prices and raw material supplies in the summer
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NewsPoultry powers Pilgrim’s as pork market suffers
Group sales edged up from £4bn to £4.1bn in 2025, as 9% growth in Moy Park sales made up for a smaller drop in revenues at the former Kerry consumer meats business, Pilgrim’s Food Masters
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NewsDiageo culls breakthrough innovation team as part of global restructure
Projects pioneered by the Breakthrough Innovation team included What’s Your Whisky, Everpour and Fusion By Diageo
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NewsSunrise Beverages paid initial £1m to acquire Days Brewing, accounts show
The deal, announced in May of this year, saw Days join a roster of breweries including Curious Brewery, Gipsy Hill Brewing, Wild Beer Co and St Peter’s Brewery in the Sunrise portfolio
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NewsSainsbury’s and Morrisons held multibillion-pound merger talks
The early stage talks between the two supermarkets took place over a three-month period from November last year to February before Sainsbury’s walked away
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NewsParson’s Nose buys Farmison in bid to revive DTC brand
Upmarket butcher’s Parson’s Nose will revive Farmison after securing a deal to buy the shuttered brand from Vestey Holdings
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NewsJapanese tuna giant snaps up Sealaska’s £270m operation in sushi bid
Sojitz has earmarked Europe and the US as strong potential markets for white fish and value-added products such as sushi
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NewsTesco in the race to buy Majestic Wine
The UK’s biggest retailer is among a list of bidders weighing up an offer in an auction of Majestic, according to Sky News this weekend
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NewsLidl wins shoppers from rivals to boost sales and profits
The increased demand led to a 10.8% rise in turnover to £13bn in the 12 months to 28 February, Lidl revealed this morning
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NewsPoundstretcher opening wholesale clearance store at head office
The warehouse is ‘stacked high’ with ‘case stock at knockout prices’, according to Poundstretcher CEO Andy Atkinson
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NewsThirst for energy drinks drives £50m bump to Lucozade owner revenues
Sales at Suntory climbed 8.5% to £598.4m for the year to 31 December 2025, supported by launches of new products and advertising campaigns
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NewsTesco reveals brand winners of its 2026 Accelerator programme
The nine brands have been selected to support Tesco’s ambition to be first for innovation
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NewsGreggs shares soar on upgraded profit guidance and cost-cutting
Greggs’ share price has hit its highest point in more than a year, after the high street stalwart upgraded its profit guidance and unveiled major cuts to its manufacturing base