Finance news – Page 140
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NewsCity News: Naked Wines shares plunge on £15m loss
Naked Wines shares plunged to new multi-year lows this week after it fell to a £15m loss and downgraded earnings expectations amid a “slower than expected” start to its trading year
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NewsHealeys spends £5m on improvements at Cornish cidery
Tank capacity at the Truro site has jumped by 60%
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NewsNutrigums sells stake to Play.com founder
Functional gummy vitamin brand Nutrigums has sold a stake to the founder and chairman of the online retailer Play.com Richard Goulding for an undisclosed sum
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NewsCity snapshot: UK retail sales rebound in August despite lower fuel sales
UK retail sales rebounded in August as volumes recovered from a wet July, despite a drop in fuel sales as prices rose
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NewsMedia Bites 22 September: Co-op, Asahi, Wilko, Ocado, SSP
The Co-op’s first-half results lead the coverage in a busy morning for fmcg news.
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NewsFinsbury Food Group renews M&A plans after private bid
Finsbury Food has signalled its intentions to pursue a renewed M&A buy-and-build strategy after receiving a £143.4m bid to take the bakery group private.
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NewsHomethings returns to the crowd to support retail and DTC expansion
Refillable home care challenger Homethings is closing in on a £450k crowdfunding goal to support retail listings and continuing expanding online
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NewsCity snapshot: SSP Group annual revenues to reach £3bn on travel rebound
Travel retail specialist SSP Group has forecast its annual revenues will jump 37% to £3bn on the rebound in travel passenger numbers at home and abroad
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NewsMedia Bites 21 September: Wilko, Finsbury Food, inflation
The controversy around the Wilko collapse rumbles on as questions arise over the hole in the pension scheme.
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NewsMeatless Farm launches pasta NPD and ‘For the Tryers’ campaign
Staple Meatless Farm lines are also relaunching into Tesco this month including its plant-based mince and chickenless roast
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NewsAll Things Butter secures six-figure funding to launch chef-led butter brand
Organic butter startup All Things Butter has closed a six-figure pre-seed funding round as it readies for a November retail launch
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NewsNurture Brands pushes into drinks manufacturing with Juice Executive deal
The latest deal for the plant-based fmcg group adds a premium range of fresh and HPP juices, functional shots, smoothies, cleanses and dairy-free nut milks to the portfolio
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NewsMedia Bites 20 September: Ocado Retail, Naked Wines, Instacart
Ocado has reported better than expected sales and returned to positive volume growth
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NewsFinsbury Food Group recommends £143m takeover offer to shareholders
Listed bakery group Finsbury Food has agreed to a £143.4m takeover offer from Isle of Man-based asset management firm DBAY Advisors. Plus, food price inflation eases for fifth month in a row.
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NewsCity snapshot: September heatwave help UK supermarket grocery sales bounce back
UK grocery growth rebounded last month as the early September heatwave helped lift grocery sales at UK supermarkets back into double-digit growth. Plus trading updates from Ocado, McBride, C&C Group and Eagle Eye
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NewsMedia Bites 19 September: Farming, Sainsbury’s, Heineken
Farming and food lobbyists have sent an open letter to the biggest supermarkets urging them to treat suppliers more fairly, claiming that agriculture is “on its knees”.
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NewsBritvic invests £5m in Ireland to grow Ballygowan mineral water
The investment will create 28 jobs in Newcastle West, County Limerick
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NewsHeineken takes ‘significant’ minority stake in Ellie Goulding’s Served RTD brand
The deal expands Heineken beyond its core beer and cider offer in the UK
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NewsMedia Bites 18 September: Wilko, Loyalty schemes, Served/Heineken
Wilko’s demise looks set to take the number of jobs lost in British High Street collapses to more than 100,000 since 2020
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NewsCity snapshot: The Artisanal Spirits Company losses widen amid cost-of-living pressures
Losses have widened at The Artisanal Spirits Company as the cost-of-living crisis weighed on The Scotch Malt Whisky Society owner in the first half of 2023.