Finance news – Page 162
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NewsMedia Bites 26 April: Nestlé, British American Tobacco, Ocado
Nestlé raised prices at close to the fastest pace in more than three decades last quarter but lost only a small amount of volume
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NewsCity snapshot: Reckitt Benckiser reveals new CEO as it beats Q1 expectations
Reckitt Benckiser has appointed a new CEO to take over from interim boss Nicandro Durante, while revealing a strong start to the year
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NewsPlanet Organic founder saves 10 stores with pre-pack deal
Sale follows weeks of intense talks with potential investors after Waitrose ended negotiations to take over the business
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NewsCity snapshot: Nestlé first quarter volumes slip back as price hikes near 10%
Nestlé has reported organic growth of over 9% despite a dip in sales volumes. Plus ABF margins hit by cost inflation, Ocado to shut CFC, trading improves at McBride and all the rest of the latest news from the City
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NewsMedia Bites 25 April: Planet Organic, Lidl, Deliveroo, THG
A rescue deal for Planet Organic could be finalised today, according to headlines this morning
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NewsNew data-based consultancy launched for fmcg startups
Two former PepsiCo executives have launched a new consultancy firm looking to support growth food and drink players with data insights
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NewsWaas Bakery calls in administrators following cost pressures
Interpath Advisory were appointed as administrator of Walls Bakery Ltd and Saltness Ltd, which traded as Waas Bakery, on 19 April
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NewsMedia Bites 24 April: Unilever, Sainsbury’s, Itsu, THG
Backers of consumer goods company Unilever have demanded further sell-offs
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NewsCity snapshot: Supermarket Income REIT snaps up Tesco store in £38m deal
Retail property investor Supermarket Income REIT has purchased a Tesco omnichannel supermarket in the Midlands for £38.3m. Plus, embattled THG appoint Sue Farr as senior independent director.
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NewsFarmison rescued from administration by ex-Asda boss Andy Clarke
Collapsed online meat retailer Farmison has been bought out of administration by a consortium led by former Asda boss Andy Clarke.
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NewsHuel suffers £10m loss despite sales growth
Losses topped £10m at meal replacement brand Huel last year despite surging sales growth
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NewsCity News: THG investors buoyed by possible takeover as losses deepen
Long-suffering THG investors were buoyed by news of another suitor exploring taking the beleaguered group back private, but enthusiasm was dented by heavier-than-expected annual losses just a day later
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NewsHalewood losses hiked by cost of moving JJ Whitley out of Russia
The costs covered repurposing its distillery in Chorley and seeking new glass suppliers amid international shortages
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NewsNestlé agrees European frozen pizza joint venture with PAI PArtners
Nestlé and private equity firm PAI Partners have agreed to set up a joint venture for Nestlé’s frozen pizza business in Europe
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NewsChapple & Jenkins acquires Lansdell Soft Drinks for an undisclosed sum
Lansdell specialises in soft drinks, alcohol, confectionery, snacks and impulse products
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NewsCity snapshot: UK retail sales fall in March as shoppers cut back
UK retail sales volumes fell back in March as soaring inflation, food availability and wet weather hit shopping activity
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NewsMedia Bites 21 April: WH Smith, Deliveroo, Pepco Group
WH Smith’s profits have more than doubled thanks to a rebound in airport passenger numbers and the opening of new stores
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NewsCook reports Easter sales up by 24% year on year
Sales at Cook’s 96 retail shops increased by 31% over the two-week period before and after Easter
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NewsTonic Health launches £500k crowd round for US push
Tonic Health is closing in on a £500k fundraising target as the natural supplements start-up returns to the crowd for follow-on investment
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NewsVegan fried chicken VFC secures £6m to boost growth
Plant-based investment firm Veg Capital led the latest seed round