Finance news – Page 3
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Wholegood creditors facing multimillion-pound losses
Wholegood owed creditors more than £7m when founder Carl Saxton-Pizzie saved the business in a pre-pack administration just before Christmas, new documents have revealed
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New year health kick sees fruit & veg sales rocket
Half of all UK households now say they cook from scratch most days
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Media Bites 5 February: more Trump tariff fallout, Diageo results, Kantar figures
Trump’s tariffs continue to dominate business headlines for a third day running
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Tony’s Chocolonely sales hit €200m but losses mount due to record cocoa prices
The strong growth came amid a tumultuous year for chocolate makers as cocoa prices hit record highs
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Steven Bartlett steps down as Huel director
Filings at Companies House confirmed Bartlett and fellow non-executive Emma Woods were no longer directors at the business
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PepsiCo misses sales forecasts due to weak US demand
Shares in the company fell 2% in pre-market trading
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Diageo ‘working round the clock’ to replenish Guinness stocks
Guinness has bucked wider declines in beer, leading to shortage fears
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Promotions boost supermarket sales in January
Supermarkets kept shoppers spending after Christmas by offering a raft of promotions as take-home sales rose by 4.3% in January
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City snapshot: Diageo’s shares slip after scrapping sales forecast
Diageo shares have slipped in early trading after the drinks giant issued a crucial set of half-year results. Also, supermarket sales keep rising in January
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Media Bites 4 February: tariffs, self-checkouts, Asda, Diageo, Unilever, WH Smith
The news this morning continues to be dominated by the two Ts – Trump and tariffs
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Diageo removes medium-term sales guidance as US tariffs loom
The drinks giant blamed economic and political uncertainty for the removal of a medium-term target
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James Watt invests £10k in Cosi Care after Instagram pitch competition
Watt has invested £10k in the personal care startup after running a ‘pitch-in-a-comment’ competition to promote his House of Unicorns reality TV show
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Pooch & Mutt acquires pet gut health firm Biome9
Natural petcare brand Pooch & Mutt has expanded its offering with the acquisition of gut health testing tech firm Biome9, which is backed by Warburtons boss Jonathan Warburton and former Pets at Home CEO Peter Pritchard
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MicroSalt raises £2.3m in preparation for surging demand for less salt
The low-sodium salt producer completed a multimillion-pound raise to ramp up its inventory to meet anticipated demand from snack manufacturers looking to make healthier products
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City snapshot: Ultimate Products shares crash amid weak consumer demand
Homeware group Ultimate Products is the latest consumer-facing firm to take a hit from the current challenging market conditions as revenues slide on weaker demand for general merchandise
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Media Bites 3 February: Trump tariffs, Diageo ‘hangover’ and full-fat milk resurgence
Trump’s warnings to the EU and UK have been the hot topic in the papers this morning
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Waitrose on track for ‘significant’ improvement in profits despite reports it missed Christmas sales
Waitrose has confirmed the figure came from a monthly sales update. However, it did not include key days of Christmas or new year sales
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Drip Water secures £4m investment to fuel overseas growth
British TV chef and musician Big Zuu is a co-founder and partner in the brand
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City snapshot: John Lewis to fall short of profit targets as Waitrose disappoints at Christmas
Disappointing Christmas sales at Waitrose are to blame for John Lewis missing profits targets over the festive season in a setback for the partnership’s ongoing turnaround
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Media Bites 31 January: Trump tariffs, bird flu, alcohol duty
Draught pints will cost 1p less from Thursday because of a cut in alcohol duty in a move intended to help the sector grow, among other news