Finance news – Page 251
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NewsRescue planned for kids’ frozen brand Kiddyum following liquidation
Emergency rescue talks are taking place to secure the future of the frozen food brand
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NewsMedia Bites 25 August: Tesco, John Lewis, Wetherspoons
The boom in doorstep grocery deliveries means Tesco is to create 16,000 permanent jobs
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NewsCity snapshot: UK food and drink recovers ahead of global Covid recovery trend
The UK’s food and beverage sector was ahead of international Covid-19 recovery trends in July, according to a newly launched Lloyds Bank UK Recovery Tracker
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NewsCity snapshot: Ultimate Products returns furlough money as profits hold firm
Consumer goods group Ultimate Products has repaid all the money received during the pandemic under the government’s furlough scheme
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NewsMedia Bites 24 Aug: Asda, Ocado, John Lewis
Private equity giant Apollo is lining up £3.75bn of debt to fund its proposed acquisition of a stake in Asda, which would be secured against the supermarket’s stores
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NewsCity News: Cranswick shares hit all-time high on soaring first-quarter sales
Meat producer Cranswick surged to an all-time high this week, but the shares eased back downwards through the week as worries surfaced around its ability to maintain this stellar growth
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NewsPetfood and coffee pods drive sales and profits at Nestlé UK
Surging growth in pet food and Nespresso helped Nestlé’s UK sales rise last year, despite a slump in the bottled water market
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NewsOffblak tea start-up brewing US launch with new funding
London tea start-up Offblak has completed a six-figure funding round to break into the US market.
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NewsCity snapshot: UK retail sales rise back above pre-pandemic levels
UK retail sales rose back above the levels seen before the coronavirus pandemic in July as consumer demand continues to rebound, according to official government figures
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NewsMedia Bites 21 Aug: Asda, Ocado/M&S, UK supermarkets
Two retail heavyweights will clash head-on in a £6.5bn battle to buy supermarket chain Asda
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NewsMedia Bites 20 August: Marstons/Carlsberg UK, Morrisons/Amazon, Diageo
The Competition and Markets Authority has begun an investigation into the proposed joint venture between brewers Marston’s and Carlsberg UK
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NewsCity snapshot: Mothercare to relaunch in the UK with Boots
Baby and child retail brand Mothercare has announced it has signed off on a ten year deal to sell its goods through Boots UK following the closure of its own UK store estate.
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NewsGolden Acre Food Group rescues Bagel Nash in pre-pack deal
Golden Acre Food Group has rescued Bagel Nash after the foodservice bagel supplier struggled to stay afloat during the coronavirus crisis.
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NewsCMA launches investigation into £780m Marston’s and Carlsberg deal
The UK competition regulator has launched a probe into the £780m merger of Marston’s and Carlsberg’s UK brewing operations.
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NewsDiageo expands non-alcoholic portfolio with Rheinland Distillers investment
Diageo-owned drinks accelerator Distill Ventures has invested in award-winning German gin maker Rheinland Distillers
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NewsCity snapshot: Shock jump in inflation as petrol and clothing prices rise
Prices have risen faster than expected in July as lockdown restrictions were relaxed and consumers returned to the shops.
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NewsMedia Bites 19 Aug: M&S, Asda, Grocery market share
Marks and Spencer’s cuts 7,000 jobs in the most brutal cull of the UK retail sector since the coronavirus pandemic began causing havoc on Britain’s high streets
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NewsSupermarket sales growth eases as stockpiling subsides
Take-home grocery sales growth slowed to 14.4% year on year during the 12 weeks to 9 August 2020
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NewsLotus Bakeries’ UK snacks brands hit by lockdown sales drop
Nakd, Trek and Bear owner Lotus Bakeries increased sales in the first half of the year despite the coronavirus lockdowns hitting the performance of its UK snacks brands.
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NewsAsda sets sights on one million online delivery slots by next year
The retailer has seen digital sales surge and is expanding its delivery partnership trial with Uber Eats