Finance news – Page 30
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NewsMedia Bites 13 November: Post Office, grocery inflation, M&S vs Waitrose
Plans for the Post Office have been revealed, one year after the TV drama brought the scandal to the public attention
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NewsCity snapshot: Just Eat sells Grubhub for $650m
Just Eat bought the company for over $7bn less than four years ago. The markdown reflects the company’s poor performance since then as it struggled to compete with rivals like Uber Eats. Also, cautious shoppers are reigning in their food bills ahead of Christmas
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NewsFemale-focused Neurita Tequila raises over £100k from crowd
The business is looking to capitalise on tequila’s booming popularity
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NewsPipe dream dead for Martin Lewis-backed tech firm Magway
Magway’s ambition was for pods powered by magnets to carry products along pipes from distribution centres to consumers
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NewsRanjit Singh slams ‘disaster’ farm tax and warns of shortages and inflation
The ’Chicken King’ has warned changes to inheritance tax will force many farms out of business, while also restricting supply and driving up prices
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NewsMedia Bites 12 November: Bakkavor, farmers, cider, Cadbury
UK supermarkets are grappling with a shortage of taramasalata after strikes disrupted production at a large supplier
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NewsCity snapshot: Kerry completes transformation into ingredients player with €500m sale of Irish dairy operation
Kerry Group has agreed to sell its Irish dairy operation to Kerry Co-Operative Creameries for €500m (£415m) in a move that completes its transformation into a pure play ingredients company. Plus, the latest Kantar supermarket data, a trading update from McBride and half-year results from Cake Box
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NewsWaken Mouthcare seeks £900k to follow in Bulldog Skincare’s footsteps
Waken Mouthcare is seeking to raise £900k via crowdfunding to grow retail listings and boost marketing
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NewsBoparan feed mill acquisition could hamper competition and drive inflation: CMA
The competition watchdog said the deal could lead to a ’substantial lessening of competition in the supply of poultry feed to independent customers’
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NewsMedia Bites 11 November: Tesco, Asda and M&S
Tesco’s £1bn NI bill, hospitality fights back against the budget and more Asda job cuts in the pipeline.
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NewsDekel Agri-Vision expects boost from higher palm oil prices as it enters high season
Palm oil production levels at Dekel Agri-Vision have fallen as the low season for the commodity lingered longer than normal
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NewsAssociated British Foods boosts profitability despite damp summer
Associated British Foods shrugged off a damp UK summer and sharp drop in sugar prices at the end of the year to deliver annual profitability above expectations
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NewsAsda boss Stuart Rose admits 470 job cuts will draw criticism but says ‘that’s life’
‘Clearly those people who are leaving the businesses probably won‘t be very polite about me but that’s life,’ said Rose
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NewsNichols eyes brand licensing opportunities in soft drinks
Deals with Levi Roots and Slush Puppie had been a success for Nichols, CEO Andrew Milne said
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NewsMedia Bites 8 November: Sainsbury’s, Quality Street, baby formula
Sainsbury’s increased sales in the first half have made headlines across the nationals today
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NewsCity snapshot: CMA sets out plans to shake up infant formula market
The UK competition watchdog has set out a list of recommendations to shake up the baby formula market amid fears that prices in the category are too high
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NewsFurious farmers prepare to protest over ‘awful’ tax raid
The protests, expected towards the end of November, are being planned by the Save British Farming group
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NewsHain Celestial shares sink lower as turnaround plan flounders
Quarterly revenue fell as both volumes and prices came down
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NewsBeyond Meat running out of cash despite return to growth
Investors are now hoping the business has turned a corner after sales grew 7.6% to $81m in the three months to September, and gross profit turned from a $7.3m loss to a $14.3m profit
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NewsGillian Anderson’s G Spot attracts attention from Heineken
The Dutch brewing giant acquired a minority stake in the company, launched by the Sex Education and X Files star last year, and will help accelerate its expansion and boost brand awareness