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“In Consumer Care, sales of new and protected products increased, and F&F outperformed once again. In Life Sciences, our Pharma business is leading the industry in biologics drug delivery with more partnerships and product launches strengthening our pipeline. Despite the challenging macroeconomic backdrop, we have continued to invest for the future, adding biotech-derived active ingredients to our portfolio through our acquisition of Solus Biotech and expanding capacity in Pharma whilst maintaining strict capital and cost discipline.
“Given the ongoing uncertainty in our end markets, the recovery trajectory for each of our business units remains difficult to predict and the range of possible outcomes in 2024 is therefore wider than usual at this stage of the year. Overall, however, the Group expects to deliver mid to high single digit percentage sales growth in 2024, excluding the c.$60m of Covid-19 lipid sales in 2023, with higher sales volumes more than offsetting lower price/mix.”
Wensleydale cheese and Grimsby smoked fish get protected status in Japan
“This gives UK producers added confidence when selling into Japan, part of our plan to help British businesses grow and export more.”
Food and Farming Minister Mark Spencer said: “Our GI protections are a guarantee of quality and excellence – so that the best of British food and drink can be appreciated not only here in the UK, but around the globe.“These additional protections will give assurance to British farmers and producers who export their unique products to Japan – and to Japanese consumers who will know they are buying the real thing.
“For UK businesses, GIs are vital for building trust and enhancing brand recognition, ultimately driving export growth and supporting the sustainability of local industries. They also reinforce the UK’s position as a producer of distinctive and sought-after goods.”New operator for Sheffield Arena revealed
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- Extend the use of existing baseload generation assets which provide secure capacity, including nuclear plants scheduled to retire, and agree transitional arrangements for biomass operators that plan to install bioenergy with carbon capture and storage (BECCS) technology.
- Work to reduce peak demand by encouraging flexibility and installing more home insulation.