Finance news – Page 254
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NewsCity snapshot: Retail sales rebound ahead of reopening
Retail sales volumes continued to recover in March ahead of the reopening of non-essential shops, according to date from the Office of National Statistics
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NewsMedia Bites 23 April: Co-op, Nestlé, Deliveroo
The Co-op retail chain has announced a shake-up of its store management structure which is expected to affect 2,000 staff
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NewsBeau’s secures £400k to bring vegan ice cream to wider audience
Plant-based ice cream start-up Beau’s has netted a £400k investment to open a manufacturing facility and launch a subscription service.
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NewsThe Hut Group strengthens snacking capability with £43m Brighter Foods deal
The acquisition allows THG to bring more snacking manufacturing in-house, reducing lead times for NPD launches “significantly”
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NewsCity snapshot: Booming coffee sales drives Nestlé first quarter sales outperformance
Nestlé has reported a 7.7% jump in first quarter organic growth, boosted by a surge in coffee sales and early signs of recovery in out-of-home channels
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NewsMedia Bites 22 April: Uber Eats, Heineken, Amazon
Uber Eats will launch in Germany for the first time over the next few weeks, starting in Berlin, in its biggest entry to a new country since 2018.
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NewsMedia Bites 21 April: Asda, Tobacco, ABF/Primark
The £6.8bn takeover of Asda could lead to higher fuel prices in some parts of the UK, the UK competition watchdog has warned
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NewsCity snapshot: Solid start for Heineken as strong growth in Africa makes up for Covid hit in Europe
Heineken has reported a “solid” start to the year with profits growing despite trade in Europe continuing to be hit by lockdowns. Plus, Coca-Cola European Partners changes its name following approval for its acquisition of Asia-Pacific Coke bottle Coca-Cola Amatil.
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NewsCMA finds Issa brothers’ £6.8bn Asda deal could hike petrol prices
Watchdog has given the brothers and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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NewsFood and drink exports fall nearly 10% in pandemic
Most of the top 10 food and drink products exported by the UK were negatively affected by Covid-19 and restrictions of movement
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NewsMultivitamin startup Feel secures £4.5m investment to fuel growth
Founded by Boris Hodakel in late 2019, the business has grown rapidly in its first year, with active subscriptions for its range of all-natural multivitamins and omega 3 and immunity-boosting supplements exceeding 21,000.
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NewsCity snapshot: ABF rebounds with ‘record’ Primark sales on reopening
Associated British Foods has seen ‘record’ sales on the reopening of its stores last week to bounce back from a first half of a double-digit revenue fall and shrinking profits
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NewsMedia Bites 20 April: Coca-Cola, Tesco, Oatly
Coca-Cola’s sales rebounded in the first three months of the year as accelerating Covid-19 vaccinations and a rollback in restrictions on restaurants and bars renewed demand for its fizzy drinks.
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NewsCoca-Cola revenues boosted by vaccine rollout and economic reopening
Coca-Cola has posted a 5% rise in first quarter net revenues as its performance improved in key markets where vaccine availability increased and economies are opening up
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NewsBooker sales surge despite Covid catering impact
The wholesale giant enjoyed a 18.5% jump in retail sales as more shoppers turned to convenience stores during the crisis
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NewsCity snapshot: EG Group swoop for Leon
Petrol forecourt giant EG Group has swooped for restaurant chain Leon as it seeks to grow its non-fuel offering and expand the foodservice operation into healthy fast food. Plus, C&C subsidiary Matthew Clark Bibendum hit by cyber-security incident.
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NewsMedia Bites 19 April: EG Group/Leon, Yo! Sushi, Poundland
The billionaire brothers behind the petrol station business EG Group have snapped up the fast food chain Leon Restaurants for £100m
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NewsCity News: Deliveroo woes grow as shares fall again
Deliveroo posted record first quarter numbers in its first update as a listed company, but investor concerns remain about a 2021 slowdown
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NewsCBD platform Alphagreen raises £1m-plus before funding push goes public
E-commerce startup Alphagreen will kick off a public crowdfunding campaign next week
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NewsGail’s owner Bread Holdings benefits from quality demand
Shopper demand for better-quality bread in supermarkets during lockdown has helped the premium bakery group behind Gail’s offset some of the sales losses incurred in the pandemic