Finance news – Page 130
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NewsMedia Bites 18 January: Ocado, Asda/Co-op, THG
Ocado Group’s UK retail business, a joint venture with Marks & Spencer, reported a decline in annual sales for the first time yesterday
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NewsDiageo shells out €260m-plus for ‘super premium’ Don Papa Rum
Diageo has agreed to acquire Don Papa Rum, a super-premium, dark rum from the Philippines, in a deal worth up to €438m (£385m)
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NewsDanone announces plans for big methane emission reduction by 2030
The food company has said it expects to remove 1.2 million tonnes carbon dioxide equivalent of methane emissions by 2030
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NewsLynn’s Country Foods attributes profit hike to innovation and cost control
Lynn’s Country Foods has reported an operating profit of £9.4m for the year to 26 February 2022, up from £6.5m the previous year
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NewsCook delivers record-breaking Christmas sales figures a year on from cyber-attack
Like-for-like retail sales, including local delivery and click & collect across its 94-shop estate, were up 22% from £12.6m in 2021 to £15.7m
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NewsCity snapshot: Strong Christmas week drives Ocado Retail to fourth quarter growth
Ocado Retail saw 15% growth in the days leading up to Christmas to drag its overall fourth quarter sales up 0.3% despite a sharp drop in basket sizes. Plus, Diageo makes rum acquisition and trading updates from Naked Wines, THG and McBride
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NewsMedia Bites 17 January: M&S, Fortnum & Mason
The papers all pick up on plans by Marks & Spencer to open 20 large stores and create 3,400 jobs in a bid to rejuvenate its presence on the high street after bumper Christmas trading
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NewsFortnum & Mason will resume exports to Europe in 2023, after bumper Christmas
‘We can’t wait for the government establish better relations with the EU,’ CEO Tom Athron told The Grocer
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NewsMedia Bites 16 January: Sainsbury’s/Just Eat, M&S, Heinz
Sainsbury’s has joined forces with Just Eat Takeaway to offer home deliveries for groceries
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NewsCity snapshot: MP Evans boosted by high palm oil prices and increased production
Sustainable Indonesian palm oil producer MP Evans is expecting “an excellent result” thanks to continuing high commodity prices combined with growing production and crop numbers.
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NewsCity News: Sainsbury’s, Tesco and M&S all post bumper Christmas sales
Soaring food price inflation and solid sales volumes combined to accelerate growth rates
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NewsInnocent pushed to £9.5m loss by Brexit-linked factory move
Smoothie maker Innocent Drinks has fallen into the red after splurging on a new purpose-built factory in the EU post-Brexit.
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NewsFarmison marks Horsegate anniversary with new traceability scheme
The upmarket online butcher started rolling out front-of-pack QR codes across its whole cut range this month
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NewsCity snapshot: C&C Group warns strikes and cost of living will hit full year profits
Beer and cider producer and distributer C&C Group has warned rail strikes and cost of living pressures will hit its full year performance, despite strong trading in December
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NewsAcquisitions boost Kettle Foods to £100m in sales for first time
Snack maker Kettle Foods has pushed sales above the £100m mark for the first time thanks to bolt-on acquisitions and increased own-label demand.
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NewsMedia Bites 13 January: Tesco, M&S, Hilton Foods
The papers are filled with all the Christmas trading updates from ‘Super Thursday’, particularly focusing on Tesco and M&S.
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NewsPrinces owner in search of buyer as sales fall sharply
The owner of tinned food giant Princes has kicked off a search for a buyer, as newly filed accounts revealed it suffered a sharp drop in sales and profits as surging Covid demand eased
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NewsAnwar Sultan appointed chief growth & commercial officer at Modern Milkman
Sultan will help bolster the Modern Milkman team to employ the latest innovations and technology to accelerate sustainability efforts and help the nation to reduce waste
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NewsGraham’s The Family Dairy profits hit in ‘fierce’ cost climate
The Scottish supplier said the past 15 months had been its most challenging ‘by some distance’
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NewsCity snapshot: Tesco Christmas sales jump despite cost of living crisis
Tesco has overcome ‘tough times’ for consumers to post strong broad-based growth in the run-up to Christmas. Plus, food and clothing grow at M&S, Hilton Food Group enjoys strong Christmas and all the rest of the latest news from the City