Finance news – Page 332
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NewsThe Tofoo Co hails record Veganuary turnover
The brand racked up sales of £1m last month, double its January 2019 turnover
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NewsCity snapshot: Kerry Group profits jump to €900m on growth and acquisitions
Irish food and ingredients giants Kerry Group has posted a double-digit rise in annual profits on the back of solid volume growth and the contribution of acquisitions.
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NewsMedia Bites 18 Feb: Consumer confidence, Amazon, Brexit
Household confidence has reached its highest level for 11 years in another sign that the economy has benefited from a post-election bounce.
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NewsBritvic agrees £400m ‘sustainability-linked’ credit facility
Britvic has agreed a “sustainability-linked” £400m credit facility, one of the first of its kind in the UK.
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NewsPreserve startup Rogue launches crowdfunding campaign to become ‘household brand’
The startup was due to hit Seedrs last October but after losing the backing of a lead investor was forced to delay the launch
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NewsLogistics bosses welcome scrapping of Operation Brock lorry park project
Logistics bosses have welcomed the government’s decision to scrap plans for an off-road lorry park in Kent, originally intended to deal with post-Brexit border disruption. However, both transport companies and retail leaders are calling for urgent action to ensure the ports are ready for the end of ...
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NewsCity snapshot: BRC warns of higher prices and food shortages from border friction
The British Retail Consortium has warned the UK faces higher food prices and reduced supply of short shelf-life goods in the event of border friction with the EU.
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NewsMedia Bites 17 Feb: Unilever, Tesco, BRC/Brexit
Unilever has kicked off a strategic review of its health and beauty brands as the consumer goods giant wrestles with slow growth.
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NewsVieve Protein Water eyes US launch through £150k fundraising drive
The London-based brand is looking for startegic investors who could help it become a leading player in the sports nutrition category
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NewsSales rise at Oscar Mayer but profits hit by escalating costs
UK Ready meals supplier Oscar Mayer grew sales by 5.7% last year to £320m but profits were hit by escalating input costs.
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NewsSainsbury’s bucks grocery’s inflationary trend with price cuts
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation, with further inflationary pressures on the horizon.
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NewsButternut Box secures further £20m investment to accelerate growth
The latest investment takes the total raised by the DTC petfood business to over £40m since launching in 2016
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NewsCity snapshot: Sainsbury’s prices fall but supermarket inflation persists
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation.
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NewsMedia Bites 14 Feb: Nestlé, CBD regulation, Domino’s UK
The world’s largest food company is looking to to meat-free products to lift sales after missing its organic growth target.
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NewsPepsiCo’s annual sales rise on strong European performance
For 2020 the business expects revenues to rise 4%
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NewsSpanish storms drive rocketing wholesale prices for lettuce
Storm Gloria buffeted coastal areas from Catalonia to Murcia over the weekend of 18-19 January
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NewsFSA sets CBD suppliers 2021 deadline to attain novel foods status
After next March, only goods that have submitted a valid application will be allowed to remain on the market
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NewsMedia Bites 13 Feb: Greggs/Asda, Coronavirus, Business rates
Greggs partners with Asda for in-store concessions, the Coronavirus outbreak threatens economic growth and retailers come together to demand a reform of business rates
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NewsNestlé targets improved 2020 sales growth
Nestlé has forecast an improvement in sales growth over the coming years after posting a solid increase in revenues and profits in 2019.
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News50 retail bosses including Burnley and Coupe write to Sajid Javid demanding business rates reform
The open letter urges the Chancellor to urgently scrap rules limiting how quickly business rates can fall in line with dropping rents