Finance news – Page 228
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NewsMedia Bites 7 January: Greggs, inflation, Boots, Gousto, B&M
The papers are full of food and retail news this morning, taking in trading updates at Greggs, Boots and B&M.
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NewsCity snapshot: Greggs’ CEO Whiteside to retire as it upgrades profit guidance
Food to go and bakery giant Greggs has lifted full year earnings expectations despite “tough trading conditions” as it announces the retirement of long-time CEO Roger Whiteside. Plus, upgrades from retailers B&M and Next though Christmas footfall disappoints.
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NewsMedia Bites 6 January: Kantar, Omicron, Majestic Wine
The papers shine a spotlight on the latest Kantar data for the Christmas period.
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NewsFood & drink M&A specialist Stamford Partners snapped up by US investment bank Piper Sandler
The deal will bolster Piper Sandler’s M&A expertise in the food and drink space in the UK and Europe.
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NewsMedia Bites 5 Jan: Iceland, Leisure stocks, Manufacturing
Iceland has revealed that more than one in 10 workers are currently self-isolating as staff shortages take a toll on business
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NewsSupermarkets enjoy bumper Christmas despite Omicron fears
Grocery sales hit £11.7bn in December as shoppers splashed out on luxury items to celebrate Christmas. Plus, Andy Bond stands down as Pepco CEO.
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NewsFood inflation spikes in December with price rises set to pick up speed in 2022
Food inflation hit its highest level since March 2019 in December, with fresh food seeing the largest rate of inflation in almost a decade.
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NewsMedia Bites 4 January: Veganuary, Müller, Boots
All of the news from this morning and the past few days as the new year gets underway.
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NewsCity Snapshot: CBD brand Love Hemp launches Deliveroo trial for on-demand delivery
A Love Hemp virtual store, with the company’s full range of CBD oils, capsules and edibles, is now live on delivery app service.
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NewsMedia Bites 23 December: food shortages, Omicron, BrewDog, Parsley Box, Pret A Manger
Britons are many times more likely to have experienced shortages of food and fuel than people in half a dozen EU member states, according to a poll.
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NewsMedia Bites 22 December: Omicron, THG, Aldi, McDonald’s
Omicron continued to dominate the headlines this morning as Rishi Sunak succumbed to pressure from business leaders and announced more than £1bn in support for companies across the UK hit hardest by the pre-Christmas surge.
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NewsCity Snapshot: Parsley Box hires former John Lewis exec as managing director
DTC meal delivery firm Parsley Box has created a managing director role to free up CEO Kevin Dorren to focus on strategic growth opportunities. Plus, General Mills warns of significant input cost inflation and elevated costs related to supply chain disruptions in Q2.
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NewsFarmdrop staff weigh up legal action following collapse
Staff at failed online grocer Farmdrop are considering taking legal action against the company amid allegations it failed to properly consult employees during the redundancy process
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NewsCity Snapshot: Naked Wine expands distribution footprint in the US
Naked Wines has increased its distribution across the US with the addition of the state of Alabama to its footprint in the country.
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NewsMedia Bites 21 December: Omicron, McVitie’s, GSK, BrewDog
Fears of renewed restrictions caused by the Omicron variant occupy the papers this morning.
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NewsCamden Town Brewery losses rise despite supermarket sales increase
Volumes in the off-trade almost doubled in the year ended 31 December 2020. However, these sales were not enough to offset the lost trade at pubs, restaurants and other foodservice venues.
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NewsMedia Bites 20 Dec: Dave Lewis/GSK, M&S, Farmdrop
Sir Dave Lewis, the former Tesco chief, will this week be appointed to lead the £40bn separation of GlaxoSmithKline’s consumer healthcare arm
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NewsEx-Tesco boss Dave Lewis to lead GlaxoSmithKline £40bn consumer arm spin-out
GSK confirmed Lewis would take up the role of non-executive chairman designate of the new consumer healthcare company from 1 January 2022.
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NewsYeo Valley profits rise as demand for health-focused yoghurt soars
Newly filed accounts for Yeo Valley Production for the year to 30 May 2021 showed sales were up 5% to £265m
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NewsCity News: Mixed news from Ocado as growth falls below expectations
Ocado initially surged to the top of the FTSE 100 risers on Wednesday as news broke of a legal ruling in its favour against Norway’s AutoStore