Finance news – Page 331
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NewsMedia Bites 24 Feb: John Lewis, Motor Fuel Group, Mondelez
John Lewis new boss readies changes to restructuring programme, Mondelez trials vegan chocolate and Waitrose crowned best supermarket
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NewsInvestors shrug off Kerry Group’s China concerns
Irish food giant Kerry Group saw its profits pass €900m last year, but admitted its business in China faced severe pressure due to coronavirus.
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NewsTesco clubcard operator Dunnhumby enjoys international sales boost
Sales at Tesco Clubcard operator Dunnhumby were boosted by international growth last year as it continued to diversify revenues away from its parent company.
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NewsHammerson offloads seven retail parks in £400m megadeal
The deal is the largest UK retail parks portfolio sale in a decade
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NewsCBD startup Cannaray targets multimillion IPO
The startup is chaired and co-founded by industry veteran Clive Sharpe
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NewsJLab incubator scheme on hold as part of JLP management restructure
John Lewis Partnership’s incubator scheme JLab has been put on hold as part of the group’s bringing together of its retail business and Waitrose chain under one management team
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NewsMedia Bites 21 Feb: Retail sales, Immigration, Coronavirus
Retail sales pick up in January boosted by a Conservative majority in the election, the Government new immigration policy risks to end next-day delivery and the Coronavirus outbreak pushes markets in the red
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NewsCity snapshot: New CBD brand Cannaray targets IPO
A new CBD brand led by industry veteran Clive Sharpe is targeting a multimillion IPO to expand across Europe
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NewsWheat prices set to rise after wet weather delays crop drilling
Farmers in most areas of the UK had been unable to access their land since the autumn to plant this year’s crops, said the NFU
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NewsRising costs damage profits at CK Foodstores despite sales growth
CK opened two more stores during the year to take its estate to 28 sites across Wales
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NewsMore ‘unlawful’ supermarket land agreements bound to be uncovered, experts claim
The competition watchdog last week slammed Tesco over 23 land agreements restricting rivals from opening nearby
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NewsCity snapshot: McBride profits slump amid weak second quarter
Private label household goods manufacturer McBride has announced a slump in first half sale and profits after a weak second quarter amid “difficult” market conditions.
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NewsMedia Bites 20 Feb: Inflation, Morrisons, Arla
UK prices have risen at their fastest pace in six months, with rising fuel costs offsetting falls in furniture and food.
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NewsHealth & wellness segment continues to outperform wider food & drink sector
The category outgrew food & drink over the past six years and is now worth $700bn worldwide
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NewsMade in Chelsea star Spencer Matthews’ The Clean Liquor Company secures fundraising boost
Former Made in Chelsea star Spencer Matthews launched the company in November
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NewsCity snapshot: Distil and British Honey Co form JV to launch new spirits products
AIM-listed drinks producer Distil has entered a joint venture with British Honey Company to produce a new range of branded botanical spirits.
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NewsMedia Bites 19 Feb: Asda/Walmart, Post-Brexit immigration, Business rates
Sales slipped at Asda in the final three months of last year after customers cut back on spending in the run-up to Christmas.
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NewsAsda blames challenging market conditions for sales decline
Asda posted a 1.3% decline in like-for-like sales in the fourth quarter, as cash-strapped customers failed to provide the Christmas trading boost it had hoped for.
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NewsDTC cleaning products firm Dropps secures $16m to scale up
The eco-friendly firm will use the investment to keep up with growing demand for its subscription business
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NewsStartup incubator the Grocery Accelerator relaunches as Mission Ventures
The accelerator was set up in 2015 by a trio of industry leaders to support the growth of fmcg challenger brands