Finance news – Page 104
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NewsSubstantial slowdown in grocery industry profit warnings
Fmcg profit warnings have slowed significantly in the first half of 2023 as retailers and manufacturers experienced a positive start to the year
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NewsPlanet Organic to review all ranges as part of rebuild under Renée Elliott
Elliott is currently writing a business plan for the financial year from September
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NewsCity snapshot: Food price inflation slows from peak
A slowdown in the soaring rate of food prices and falling fuel prices have contributed to UK inflation dropping to its lowest level in more than a year, according to the latest data this morning. Plus, Finsbury Food Group announces record sales.
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NewsMedia Bites 19 July: Ocado, Kantar, Pret
In a very busy morning for food & drink in the papers, Ocado’s latest results, the latest Kantar market share data and a first profit for Pret since 2018 all make headlines.
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NewsPret a Manger results reveal return to profitability
Pret is often seen as a barometer for the health of the UK’s high streets
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NewsCity snapshot: Ocado losses grow as M&S retail partnership swings into red
Losses at Ocado have widened in the first half despite revenues growing as the grocery tech group was hit by a range of exceptional costs and battled to get the online M&S partnership on track
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NewsMedia Bites 18 July: Fuel prices, food prices, olive oil, Tesco
Grant Shapps appears to have stepped back from plans to introduce a law to force “rip-off” supermarkets to make their fuel prices more transparent.
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NewsEversfield Organic swoops for Coombe Farm Organic to boost online meat offering
Organic grocery retailer Eversfield Organic has acquired Coombe Farm Organic in a move that will double the group’s online butchery business
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NewsFaith in Nature welcomes crowd investment to push green credentials
Faith in Nature has smashed a £550k crowdfunding target as the eco personal care brand welcomed outside investment for the first time in its 50-year history
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NewsNumber of food and drink business administrations soars in first half
The number of failures in the sector is on track to more than double year on year, according to new figures
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NewsCity snapshot: Virgin Wines UK hits forecasts as it makes strategic progress
Virgin Wines UK is trading in line with expectations, as the under-pressure DTC retailer is set to report falling revenues and profits
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NewsMedia Bites 17 July: Tesco, inflation, shoplifting, Getir
Tesco is pushing suppliers to pass on savings from falling costs as Britain’s biggest supermarket sets out to cut prices more aggressively than its rivals.
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NewsCity snapshot: McBride ups guidance after strong end to the year
Shares in household goods manufacturer McBride have jumped this morning after it confirmed it had moved back into profitability in the current financial year
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NewsTyphoo turnaround ‘in progress’ despite more heavy losses
Pre-tax losses at the group totalled £8.5m in the year ended 30 September 2022
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NewsHaribo steadfast in face of HFSS rules as revenues hit new high
Revenues at Haribo have soared to record levels despite the sweets maker battling government restrictions and rising costs.
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NewsMedia Bites 14 July: Aspartame, Haleon, Prime
A report by the World Health Organisation on aspartame makes headlines this morning, alongside widespread layoffs at Haleon.
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NewsCoca-Cola launches $138m sustainability fund to reduce carbon footprint
The Coca-Cola Company and its bottling partners around the world have closed a $138m (£105.6m) venture capital fund focusing on sustainability investments
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NewsCity Snapshot: Domino’s Pizza Group brings in new CEO
Domino’s Pizza Group has announced the the appointment of Andrew Rennie as its new CEO. Plus trading updates from Pepco and C&C Group
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NewsMedia Bites 13 July: Superdrug, Co-op, Molson Coors, JD Wetherspoon
In a quiet morning for fmcg news, the papers pick up on financial results at Superdrug and a potential frontrunner to take the chair at Co-op Group.
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NewsIceland boss ‘shocked’ at struggles of Irish stores buyer
Iceland Foods sold all of its stores in Ireland in February this year