Finance news – Page 203
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NewsCity News: B&M shares fail to be boosted by solid first quarter
B&M European Value Retail shares failed to receive much of a boost despite better-than-expected first-quarter sales, as fears persisted over the impact of inflation on its customer base
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NewsHappy Egg Co owner Noble Foods reports £30m loss as egg sales ‘soften’
Results posted at Companies House for Noble’s main shell egg business revealed year-on-year turnover dropped by 9.5% to £282.7m
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NewsCity snapshot: European fmcg prices jump 6.9% amid soaring inflation
Fast moving consumer goods prices have increased 6.9% year-on-year across Europe, with fmcg inflation in the UK even higher at 7.5%
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NewsMedia Bites 1 July: inflation, Tesco/Heinz, Unilever, Boots
The coffee maker Lavazza has said it is in talks with retailers about how to manage its soaring costs as almost a third of UK businesses warn they expect to increase the price of goods or services they sell next month.
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NewsBoots transformation plan gathers momentum as shoppers return to stores
Boots has continued its post-pandemic recovery as sales growth accelerated and a transformation programme progressed in the third quarter, owner Walgreens Boots Alliance revealed today.
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NewsMy Expert Midwife plans expansion with VC backing
The brand’s portfolio of 19 specialist products is made using natural ingredients and designed to help women prepare and recover during pregnancy, birth and early parenthood.
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NewsMedia Bites 30 June: National Lottery, Tesco/Heinz, Morrisons, Unilever
Outgoing UK National Lottery operator Camelot has lost its legal bid to stop the handover of a new licence to rival Allwyn, in effect ending the group’s hopes of having the decision overturned.
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NewsCity snapshot: Ocado extends partnership with France’s Groupe Casino
Ocado has agreed to extend its partnership with French hypermarket giant Groupe Casino, including the creation of a logistics-based joint venture for other retailers.
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NewsMorrisons sales slump amid ‘very challenging’ trading environment
An update to investors for the 13 weeks ended 1 May revealed a 6.4% decline in like-for-like sales in the second quarter
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NewsCity snapshot: Food inflation ramps up in June as fresh prices accelerate
Food prices have raced to a new 11-year high, according to the latest shop price index from the BRC and NielsenIQ. Plus, McBride secure banking covenant waiver as it continues to battle with soaring costs; B&M issues first-quarter update; and Moonpig reveals full-year results.
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NewsMedia Bites 29 June: Boots, National Lottery, Diageo
Walgreens Boots Alliance has abandoned the sale process for the Boots chain in the UK after upheaval in credit markets
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NewsHolland & Barrett sees UK sales drop £10m as Covid effects continue
Pre-tax profits jumped from £5.7m to £43.6m as the group consolidated online revenues
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NewsBoots owner pulls the plug on £5.5bn auction for the UK chain
The owner of Boots has abandoned its attempts to sell the UK chemist chain after failing to find a buyer willing to meet its price expectations.
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NewsCity snapshot: Jubilee celebrations boost grocery sales but inflation hits volumes
Total Till grocery sales at UK supermarkets continued to improve in June, but sales volumes decreased despite the overall increase due to inflation and the rising cost of living
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NewsMedia Bites 28 June: National Lottery, FSA, PZ Cussons
Camelot has warned that players have “tightened their belts” in the face of soaring living costs.
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NewsThistle Seafoods nets Dawnfresh factory in administration deal
Thistle plans to develop the 100,000 sq ft site in Uddingston in South Lanarkshire into an advanced added-value seafood processing and distribution centre for retail and wholesale customers in the UK and overseas.
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NewsAfrican Originals beats crowdfunding target as its launches craft ciders in UK
Drinks start-up African Originals, which launched in the UK this month, has beaten a £600k crowdfunding target to back the next stage of growth at the craft producer.
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NewsCity Snapshot: Higher prices provide boost to PZ Cussons sales
Personal care group PZ Cussons has continued to make progress in its turnaround as its new strategy. Plus, full-year results from Cake Box and the latest innovation from Parsley Box.
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NewsMedia Bites 27 June: Sainsbury’s, Unilever, Patisserie Valerie
The Queen’s bank, Coutts & Co, and the Coal Pensions Board have joined a group of investors backing a resolution calling for Sainsbury’s to pay the living wage to all staff
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NewsNaked Wines shares plummet on gloomy outlook
Online booze specialist Naked Wines lost over 40% of its value on Thursday despite solid annual results, as its gloomy outlook spooked the City