Finance news – Page 115
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NewsCity snapshot: Food inflation hits new high but pricing predicted to ease
Food inflation reached another record high in April but the rate of price inflation may have peaked
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NewsMedia Bites 2 May: John Lewis Partnership, grocery inflation, THG
John Lewis is slashing the size of its central London headquarters by more than half, after thousands of staff left their desks to work from home
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NewsSainsbury’s beats market expectations but pledges continued price investment
Sainsbury’s annual profits beat market expectations and its outlook was rosier than City watchers had feared. However, shares fell on Thursday as the supermarket warned it would continue to invest in price to maintain market share.
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NewsCoffee logs supplier Bio-Bean collapses following on-site fire
The supplier, which makes fuel from recycled coffee grounds, appointed KRE Corporate Recovery as administrator this month
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NewsFarmison eyes push into supermarkets under Andy Clarke
Farmison is set to make a renewed push into mainstream supermarkets, after being rescued from administration by former Asda boss Andy Clarke this week.
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NewsManiLife peanut butter secures more than £1m in crowdfunding push
Manilife has blitzed an £830k crowdfunding round as the peanut butter brand eyes new grocery listings and increased consumer awareness
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NewsMedia Bites 28 April: Unilever, Sainsbury’s, Amazon
Sainsbury’s and Unilever have both insisted they are protecting shoppers from inflation, amid accusations that some companies are profiteering from the cost of living crisis.
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NewsCity snapshot: UK vacancy rate stabilises amid retailer caution
The UK retail vacancy rate ended five quarters of post-Covid improvement in the first three months of 2023, remaining at 13.8% amid widespread caution in the retail sector.
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NewsSainsbury’s promises more investment to keep prices down
Grocery sales were up 3%, driven by inflation and improved market share performance, with Q4 grocery sales up 7.4% as inflation increased
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NewsAgricultural inflation easing but farms remain under pressure
The latest research by farm supplies co-op AF showed a fall in average agricultural input costs of 2.6% in the six months to the end of March
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NewsCity snapshot: Sainsbury’s profits slide as retail margins contract
Sainsbury’s has reported lower annual profits despite an inflation-driven 5.3% in sales. Plus trading updates from Unilever, Carlsberg, Hotel Chocolat and more
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NewsMedia Bites 27 April: Reckitt Benckiser, CBI, John Lewis
The main business headlines this morning focus on Reckitt Benckiser appointing a new CEO, as well as the ongoing crisis at the CBI.
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NewsGrosvenor increases food technology investments
Global property group Grosvenor increased its investment into food and agriculture firms last year, despite the macro-economic headwinds facing the sector
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NewsCoke bottler CCEP to continue raising prices despite easing inflation
Coca-Cola Europacific Partners has said it will continue to take action on pricing in 2023 despite double-digit price increases in the first quarter
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NewsOrnua profits fall despite strong turnover growth
The Irish dairy co-op and Kerrygold owner saw turnover grow by €918.3m to €3.4bn in 2022
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NewsMedia Bites 26 April: Nestlé, British American Tobacco, Ocado
Nestlé raised prices at close to the fastest pace in more than three decades last quarter but lost only a small amount of volume
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NewsCity snapshot: Reckitt Benckiser reveals new CEO as it beats Q1 expectations
Reckitt Benckiser has appointed a new CEO to take over from interim boss Nicandro Durante, while revealing a strong start to the year
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NewsPlanet Organic founder saves 10 stores with pre-pack deal
Sale follows weeks of intense talks with potential investors after Waitrose ended negotiations to take over the business
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NewsCity snapshot: Nestlé first quarter volumes slip back as price hikes near 10%
Nestlé has reported organic growth of over 9% despite a dip in sales volumes. Plus ABF margins hit by cost inflation, Ocado to shut CFC, trading improves at McBride and all the rest of the latest news from the City
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NewsMedia Bites 25 April: Planet Organic, Lidl, Deliveroo, THG
A rescue deal for Planet Organic could be finalised today, according to headlines this morning