Finance news – Page 146
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NewsMedia Bites 15 August: Wilko, fuel prices, Harvey Nichols
Wilko continnues to dominate the headlines this morning.
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NewsCheese exporter Somerdale acquired by Barber’s Group
The agreement will see the cheese exporter become an subsidiary of Barber’s Group to “maintain its position as a leading exporter”
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NewsPip & Nut wins £1m backing from Greater London Investment Fund
Natural nut butter brand Pip & Nut has received a £1m funding boost to underpin NPD and further growth
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NewsWilko collapse: retailers rally to support affected staff
A number of supermarkets have invited Wilko employees to apply for roles
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NewsCity snapshot: Clean Food Group completes £2.3m fundraise
UK biotech company Clean Food Group has announced it has raised £2.3m to fund the commercialisation of its oils and fats alternatives technology
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NewsMedia Bites 14 August: Unilever, Wilko, John Lewis Partnership
The new chief executive of Unilever has pledged to look at its decision to continue operating in Russia “with a fresh pair of eyes”
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NewsFood and drink M&A boosted by distressed deals and sunnier economic outlook
The quarterly food and drink M&A report from Grant Thornton found UK industry deal volumes rose for the third consecutive quarter in the three months to the end of June
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NewsCity News: Deliveroo shares jump on profits upgrade
Deliveroo shares were on the up on Thursday despite the takeaway giant cutting its growth forecast, as the City reacted approvingly to increased revenue from fewer customers
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NewsCity snapshot: Recession fears ease as UK GDP jumps 0.5% in June
UK GDP grew by an unexpectedly strong 0.5% in June to take overall growth for the second quarter to 0.2%
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NewsMedia Bites 11 August: Wilko, Deliveroo, Aldi
UK discount retailer Wilko has collapsed into administration after rescue talks with prospective suitors failed
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NewsWhitby Seafoods acquisition of Kilhorne Bay under CMA scrutiny
The scampi company planned to acquire Northern Ireland-based Kilhorne Bay
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NewsCity snapshot: Deliveroo ups earnings guidance despite slowing growth
Deliveroo has upgraded its profit guidance for the year despite falling order numbers amid “challenging macroeconomic conditions”
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NewsMedia Bites 10 August: Orange juice, Wilko, CCH
Orange juice futures have hit a record high after hurricanes and disease devastated citrus crops in Florida, raising the prospect of rising soft drink prices
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NewsChallenger brands owed upwards of £100k by Asda third-party distributor Blue Ocean
Third-party distributor Blue Ocean owes a number of challenger brands upwards of £100k for products supplied to Asda since the collapse of Tree of Life
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NewsSpirits startup Goldling secures seed funding to back retail push
The organic canned spirit startup has secured £300k in a seed funding round as it aims to get its drinks into the mults
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NewsLakes Free Range Egg Co’s profits triple to £1.4m
The major egg packer saw gross profits rise from £3m to £3.7m, with operating profit trebling from £429k to £1.4m
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NewsLoveSeitan throws in the towel as shoppers renounce seitan
LoveSeitan, which supplied plant-based products to the likes of Tesco, Sainsbury’s and Aldi, has ceased trading after slower-than-expected take-up of seitan as a meat alternative
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NewsRamsden International returns to profitability despite Brexit disruption
Ramsden International has bounced back to the black despite another challenging year
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NewsMedia Bites 9 August: Wilko, Beyond Meat, UK economy
A specialist investor in struggling retailers is exploring a bid to rescue Wilko
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NewsCoca-Cola HBC lifts growth prospects after better-than-expected first half
Drinks bottler Coca-Cola HBC has hailed a “very good” first-half performance as volumes proved resilient despite higher prices.