Finance news – Page 118
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NewsCity snapshot: Mother’s Day boosts retail sales, but growth lags inflation
Mother’s Day boosted UK retail sales growth in March, but wet weather and consumers cutting back meant overall growth lagged well behind inflation
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NewsMedia Bites 11 April: Tesco, Poundstretcher, Love Hemp, Unilever
Tesco is in focus as the supermarket giant gets set to publish its annual financial results on Thursday.
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NewsKeeto Life to boost range with £500k funding injection
Low-carb food producer Keeto Life has secured £500k to push into supermarkets and expand its range
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NewsCity News: Hilton Food Group tries to leave inflation woes in the past
A new CEO and a more bullish outlook was not enough to convince the City Hilton Food Group has fully left last year’s inflation-driven travails in the past
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NewsFresh fruit supplier receives $300m investment with HSBC UK support
Westfalia Fruit Group claims to be the world’s leading avocado supplier and is looking to expand its sustainable avocado production
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NewsReal Good Food raises £550k to ride out ‘perfect storm’
Cake decoration specialist Real Good Food has taken out a £550k loan from key investors to see it through a ‘perfect storm’ of rising costs and falling sales
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NewsGSK veteran Nick Cooper joins Quorn as chief financial officer
Cooper worked in several finance roles across GSK’s pharmaceuticals and consumer healthcare divisions
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NewsPlanet Organic seeking £3m to fund new rescue plan
Planet Organic has until next week to secure a deal, with the rescue plan outlining a new slimmed-down business
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NewsHilton Food Group hands reins to former Co-op boss Steve Murrells
Former Co-op Group boss Steve Murrells has been appointed as the new CEO of meat processing giant Hilton Food Group.
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NewsCity snapshot: THG signs 10-year partnership with beauty and fragrance group Maximo
THG has announced a strategic partnership with beauty e-commerce retailer Maximo Group that will see its Ingenuity platform underpin its online operations
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NewsMedia Bites 6 April: Co-op, Hilton Food Group, Berry Bros
The papers pick up on the latest annual results from the Co-op this morning.
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NewsDavid Wood Baking battles surging inflation
David Wood Baking has relieved pressures by sourcing new funding and pushing through price hikes to recover soaring input costs.
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NewsOddbox reports loss as it invests in winning wonky veg customers
Newly filed accounts for the year ended 30 June 2022 revealed the business fell to a £4.8m pre-tax loss, compared with profits of £540k in the previous financial year.
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NewsParfetts drives sales through the £600m barrier for the first time
Sales at the Stockport-based wholesaler jumped 6.1% to £605m in the year to 30 June 2022
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NewsMedia Bites 5 April: L’Oreal, Hammerson, UK economy
L’Oreal has splashed £2bn on fancy hand wash maker Aesop in its biggest deal in decades
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NewsCity snapshot: Co-op boosts profits with “robust” performance but inflationary challenges continue
The Co-operative Group has hailed a “robust” set of annual results as the mutual’s profits received a boost from the sale of petrol forecourts to Asda and cost-cutting. Plus, former Co-op Group boss Steve Murrells appointed as CEO of meat processing giant Hilton Food Group. Hilton also reported a fall in full-year profits.
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NewsFreestar 0.5% beer brand hits crowdfunding goal in 48 hours
Money from the campaign will be invested to drive further draft listings and support the brand’s retail presence
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NewsCity snapshot: UK supermarket sales growth continues to lag inflation
UK supermarkets posted double-digit growth in March, but sales growth continues to lag food price inflation, according to new grocery market share figures
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NewsChill Brands raises £2.6m to develop CBD vapes
International CBD group Chill Brands said the money would also fund a marketing drive for its e-commerce site
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NewsMedia Bites 4 April: John Lewis, Warburtons, L’Oréal
A self-published author who sued John Lewis over its 2019 Christmas advert about a trouble-making dragon has lost her case.