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...Private equity groups Advent International and CVC Capital have teamed up to bid for a pet food company owned by Cinven, leaving a single bidding consortium left seeking to buy an asset the UK buyout group...
...Hilton Food served up strong profit growth in its annual results as it enjoyed a better than anticipated seafood arm recovery and a robust performance in its core meat business....
...Scott Walker, chief executive of trade group GB Potatoes, said six years ago potato farmers produced 6mn tonnes of the vegetable each year but “now we’re looking at 4mn tonnes”....
...The drop in performance fees was in large part due to a disappointing year for the computer-driven quantitative strategies for which Man Group is known....
...McKim levelled accusations at Weckert that customers were skipping meals, eating less healthy food and “dumpster diving” for wasted food because they could not afford to pay the steep prices being charged...
...French food group Danone, owner of the Alpro and Silk brands, is among those betting on the future of milk substitutes....
...According to Copper, the party was organised by a third party and included “a number of performance artists”, including a palm reader, magician and the man and woman on the table....
...Last week, the group said that it would buy back £1bn of shares in 2024, and proposed increasing its full-year dividend by 8 per cent....
...Marks and Spencer posted a better than expected performance in food and clothing over the Christmas trading period, in a further sign that its turnaround strategy is paying off after years of false dawns...
...Chief executive Antoine de Saint-Affrique was brought in to lead Danone in 2021, following a crisis that led to the ousting of his predecessor Emmanuel Faber, with a mandate to turn around performance that...
...Shares in the consumer goods group fell 15 per cent on Friday last week as investors digested the news that a court in Illinois had instructed Reckitt to pay $60mn in damages to a mother who said her baby...
...The retailer did not break down the performance by region, but analysts at Investec believe the biggest squeeze on profits will probably have come from the UK and the US....
...Farming groups have argued that the Environmental Land Management schemes risk reducing food self-sufficiency at a time when climate change and the war in Ukraine are hitting global supply....
...Net income at the state-owned group was $121bn last year, the company said on Sunday, down about a quarter from the $161bn set in 2022 when soaring fossil fuel prices supercharged profits to record levels...
...A group of Nestlé shareholders has filed a resolution ahead of its annual meeting next month demanding the world’s biggest food company reduce its reliance on unhealthy products and arguing that the health...
...Instacart is laying off 7 per cent of its workforce as part of a restructuring effort, the food delivery group said on Tuesday as it boosted its share buyback programme to $1bn....
...The African Development Bank warned in last month’s Africa Macroeconomic Performance report that a failure to address rising food costs threatened social unrest....
...Some of this poor performance is due to last year’s weather, and some to the fact that premium ice cream is expensive....
..., a leading industry group has warned....
...In December, lower-income households experienced price growth of 4.5 per cent, less than the 5.6 per cent of the higher-income group....
...“Parent” groups 3M and GE Aerospace rallied since the separations and ended the week higher, while Solventum and GE Vernova ended their first week of trading in the red....
...Drawing on her prior experience running Suntory Beverage & Food’s human resources department, she wants to internationalise the group further....
...Over 10 years it has delivered a total return of 46.5 per cent compared with its peer group average of 32.5 per cent, according to Citywire....
...M&S struck a deal to buy half of Ocado Retail, the online supermarket, in 2019 as it sought to sell more food online....
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