Finance news – Page 128
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NewsOddbox steps up food waste fight with multimillion-pound backing
Wonky veg delivery service Oddbox has smashed a multimillion-pound crowdfunding target to help step up its fight against food waste in the UK
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NewsMedia Bites 1 February: Tesco, Pets at Home, THG
Tesco buys Paperchase brand and announces a shake-up of its shop management in large UK stores
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NewsCity snapshot: Food inflation shows no signs of slowing as prices hit record high
Food inflation has leapt to a new high in January as producers continued to battle cost pressures, according to the latest report by the British Retail Consortium. Plus, new appointments at Greencore and Kitwave
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NewsCity snapshot: Grocery price inflation soars to new record high
UK supermarket sales rose by 5.7% in January, according to the latest market share figures from Kantar, though this was significantly lower than the record 16.7% price inflation recorded in the month
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NewsMedia Bites 31 January: Unilever, Lidl, Caffè Nero
The main focus for this morning’s papers is the appointment of a new CEO at Unilever
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NewsProfits warnings at food producers hit 16-year high in 2022
Profit warnings by UK-listed companies soared 50% higher in 2022 as rising costs put retailers and food companies under significant pressure, according to a new report
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NewsFinsbury Food Group expands reach with Lees of Scotland acquisition
Specialist bakery Finsbury Food Group has acquired snowballs maker Lees of Scotland for £5.7m in cash
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NewsMedia Bites 30 January: Bestway/Sainsbury’s, Asda, Caffè Nero
The billionaire family that has taken a £200m stake in Sainsbury’s discussed a takeover of the supermarket
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NewsCity snapshot: Unilever appoints Royal FrieslandCampina boss as CEO
Unilever has appointed Royal FrieslandCampina boss Hein Schumacher as successor to outgoing CEO Alan Jope. Plus, Finsbury Food Group announces an acquisition, Kitwave appoints a NED and Lidl GB unveils further investment for British suppliers.
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NewsCity News: Diageo posts strong growth but shaky US performance knocks shares
Investors toasting double-digit sales and profit growth at Diageo found their good cheer soured this week by a sharp share price drop, as attention fell on stuttering growth in the US
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NewsCity snapshot: Bestway Group takes 3.45% stake in Sainsbury’s
Costcutter owner Bestway Group has announced this morning it has taken a 3.45% stake in Sainsbury’s and may buy further shares in the supermarket
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NewsMedia Bites 27 January: Morrisons, Asda, Diageo, Fever-Tree
It’s a busy morning for grocery and fmcg news in the papers with coverage of the latest Morrisons results, job cuts at Asda, first -half results at Diageo and a trading update at Fever-Tree.
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NewsCrussh creditors were owed more than £11m
Food-to-go and juice bar group Crussh owed creditors more than £11m when it collapsed, according to a new report by administrators. FRP Advisory sold the business in a pre-pack administration deal worth £640k, the document also showed.
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NewsPensworth Dairy to close after loss of biggest customer
The supplier is claiming it has been ‘forced out of business’ after Freshways bought its biggest customer
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NewsCity snapshot: Diageo sees surging sales and profits as consumers retain taste for premium drinks
Spirits giant Diageo has posted strong growth in first-half sales and profits as consumers continue to flock to its premium portfolio despite rising prices. Plus, Greencore downgrades expectations on lower food to go volumes and trading updates from Fever-Tree, Britvic and Tate & Lyle
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NewsMedia Bites 26 January: M&S/Brexit, Whiskas, Riverford Organic
The chairman of Marks & Spencer has called plans to ease post-Brexit trade ‘baffling’ and ‘overbearing’, as he became the latest business leader to attack the government over its economic policy
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NewsVirtual restaurant brand Peckwater pushes further into Europe
Virtual restaurant brand player Peckwater Brands has expanded its reach further into Europe with the acquisition of competitor Eatclever
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NewsJuice Executive expands with Juice 4 Thought acquisition
Organic cold-pressed juice manufacturer The Juice Executive has snapped up premium brand Juice 4 Thought to expand into new markets.
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NewsMedia 25 Jan: Amazon, Primark/ABF, insolvencies
Amazon workers in Britain are taking strike action for the first time, with a third of staff walking out at a warehouse in Coventry in a dispute over pay
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NewsCity snapshot: UK retail footfall steadily improves in 2022 but remains below pre-Covid levels
Footfall across UK retail destinations remains significantly lower than before the pandemic but improved steadily throughout 2022, a new report has revealed.