Finance news – Page 144
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NewsMedia Bites 29 August: Wilko, food prices, Asda
The fate of Wilko continues to generate lots of headlines, alongside lots of food and drink news over a busy bank holiday weekend.
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NewsCity News: Tesco boosted by market share gains and broker endorsement
Britain’s biggest grocer received a double boost this week
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NewsLily’s Kitchen sales build at home and abroad following Nestlé takeover
Premium petfood player Lily’s Kitchen has continued to rapidly build sales following its April 2020 acquisition by Nestlé
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NewsHeineken takes €300m hit to exit Russia
Global brewer Heineken has completed its exit from Russia, incurring a total cumulative loss of €300m on the deal
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NewsCity snapshot: UK consumer confidence improves in August
UK consumer confidence continued to improve in August as falling inflation has boosted economic expectations
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NewsSubway agrees sale to PE group Roark Capital
Global quick service food chain Subway has agreed a sale to US private equity giant Roark Capital in a deal purported to be worth $9.6bn
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NewsMedia Bites 25 August: Wilko, Subway, Asda
A last-gasp attempt to rescue the stricken retail chain Wilko creates headlines this morning.
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NewsBreal Capital completes Brew By Numbers acquisition
The deal sees the south London craft brewery join Brick Brewery and Black Sheep in Breal’s stable
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NewsCrediton Dairy to pump £20m into production and sustainability
Upgrades will be made to dairy processing capabilities, employee welfare and office facilities, and carbon reduction initiatives
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NewsCity snapshot: Majority of Wilko stores to close within a week, union warns
The GMB Union has warned its members that the majority of Wilko stores will close within a week after a purchase of the discount retailer fell through
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NewsExponent sells Meadow Foods stake to Fairfax Financial
Private equity player Exponent has sold a ‘significant’ stake in ingredients specialist Meadow Foods to investment group Fairfax Financial
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NewsHoly ready to shake up UK soft drinks as it raises €10.5m for expansion
Founded in 2020, the brand sells energy drinks and iced tea in a powder form to be topped up and mixed with water by consumers at home.
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NewsMedia Bites 24 August: Wilko, Brexit, John Lewis
Hopes for a rescue of collapsed discounter Wilko faded yesterday as administrators provided an update on the ongoing attempts to sell the business.
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NewsRaheem Sterling-backed online grocer Oja enters administration
Founder Mariam Jimoh said the company faced ‘operational difficulties’ and an ‘unexpected dip in Q1 revenues’
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NewsMedia Bites 23 Aug: Marks & Spencer, Subway, Getir
Marks & Spencer could be promoted to the FTSE 100 after a four-year hiatus as its turnaround finally bears fruit
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NewsCity snapshot: Reckitt Benckiser appoints new CFO from Nike as Jeff Carr retires
Reckitt Benckiser CFO Jeff Carr has handed in his notice, with the multinational consumer goods group appointing a replacement from Nike to take over the role. Plus, Wynnstay Group appoints new finance director.
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NewsClimate change inaction to cost fmcg giants billions of pounds
Procter & Gamble, Colgate-Palmolive and Unilever all face billions in costs unless they urgently tackle Scope 3 emissions
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NewsCity snapshot: Grocery sales growth slows to lowest level since January
Poor weather and persistent inflation hit volumes throughout July
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NewsMedia Bites 22 August: Antibiotics, poultry farming, Wilko, Domino’s
Food companies are facing increasing pressure from their investors over the overuse of antibiotics in the food supply chains as campaigners turn to shareholder muscle to tackle the global scourge of antimicrobial resistance.
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NewsCity snapshot: Henry Dimbleby joins board of lab-grown petfood brand Good Dog Food
Lab-grown petfood brand Good Dog Food has appointed former government food tsar Henry Dimbleby as a non-executive director.