Finance news – Page 141
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NewsBlack-owned fmcg startups win airtime on Channel 4
Four black-owned fcmg challenger brands have secured hundreds of thousands of pounds worth of free airtime and business support as part of a scheme by Channel 4 and Lloyds Bank
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NewsCity snapshot: Supermarket Income REIT completes £290m debt refinancing
Listed property investment specialist Supermarket Income REIT has announced a comprehensive refinancing of almost £290m of debt
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NewsMedia Bites 15 September: John Lewis Partnership, Lidl, THG
The latest John Lewis results grab most of the space in today’s newspapers, but there is still room for stories on Lidl and THG.
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NewsWholegood sells a minority stake to help secure future
Organic fresh produce wholesaler Wholegood has raised fresh capital to safeguard its future, selling a minority stake to investment fund Metamorphosis Investments.
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NewsSustainable fresh producer OneFarm on brink of administration
Sustainable fresh producer OneFarm appears to be battling for survival having filed a notice of intention to appoint an administrator with the courts, The Grocer can reveal.
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NewsFreshways sales boost drives a ‘dramatic’ return to profitablity
The mid-market processor saw sales rise by 38%, while operating profit hit almost £3m, up froma loss of £4.6m in 2021
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NewsWaitrose boss hints at further price cuts as sales improve
‘Our value for money strategy is a long-term one, put it that way,’ James Bailey said
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NewsWilko collapsed owing over £400m, new documents show
The debts included £9.8m to Procter & Gamble and £3.2m to Unilever
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NewsGousto losses spiral on growth reversal but return to profit expected in 2023
Losses have ballooned to almost £160m in 2022 at Gousto as costs spiralled and rapid growth reversed for the first time in the recipe kit supplier’s 11-year history.
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NewsCity snapshot: John Lewis Partnership cuts losses but transformation plan needs more time
John Lewis Partnership has cut its first half losses by more than 40%, but extended the timescale of the completion of its turnaround plan by two years. Plus Lidl GB and THG post signficant losses
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NewsMedia Bites 14 September: Wilko, Patisserie Valerie, Mars
Another twist in the Wilko story makes headlines this morning, along with charges brought by the Serious Fraud Office in connection with the collapse of UK café chain Patisserie Valerie in 2019.
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NewsHain Celestial unveils new logo as it launches global restructuring drive
US CPG giant Hain Celestial has signalled a potential brand sell-off as it launched a formal restructuring effort in a bid to simplify the business and boost margins and long-term profitability
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NewsMedia Bites 13 September: Wilko/Poundland, grocery market share, ABF
The owner of Poundland has struck a deal to take over up to 71 stores occupied by Wilko, giving hope to hundreds of workers at its stricken rival
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NewsCity snapshot: Wet weather and strikes deal surprise blow to UK economy
The UK economy contracted more than expected in July as wet weather and industrial action hit retail spending and affected construction activity, according to official figures released this morning.
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NewsCity snapshot: Grocery inflation falls to lowest level for over 12 months
Grocery price inflation has dropped to its lowest level in over 12 months at 12.2% for the four weeks to 3 September 2023, according to the latest data from Kantar
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NewsMedia Bites 12 September: Wilko, supermarket price war, vapes
The latest development in the Wilko administration dominates headlines this morning as hopes for a rescue disappear.
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NewsPlanet Organic store to close after failing to agree lease with Iceland
It is not clear how the closure could affect Renée Elliott’s turnaround plan
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NewsKellogg’s approves separation into two new companies
Kellogg’s has approved the separation of the cereal giant into two new separate companies, with a change of name and a new stock exchange listing
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NewsIceland Foods’ interest-free microloan scheme to be extended
The retailer launched the scheme in conjunction with the chairty Fair For You in August 2022
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NewsMedia Bites 11 September: Morrisons/MFG, business rates, John Lewis/Waitrose
Motor Fuel Group is in talks over a £2bn deal to gobble up Morrisons’ petrol forecourts