Finance news – Page 408
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NewsGrocemania raises £77k in crowdfunding for expansion
The funds include nearly £20k from the firm’s director and founder
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NewsCity snapshot: Plant-based food producer Gosh eyes potential sale
Plant-based food producer Gosh is plotting a potential sale after hiring advisors. Plus Origin Enterprises delivers 24% first quarter sales jump and all the rest of the latest news from the City.
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NewsMedia Bites 23 Nov: Majestic Wine, Black Friday, WH Smith
Majestic Wine admitted today that it is stockpiling wine, amid fears that a ‘no deal’ Brexit could lead to gridlock at ports and disrupt deliveries.
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NewsFounder of Five Pound World was jailed for tax fraud
Dev Singh, whose real name is Gurkirpal Singh Bance, was sentenced to three years in prison for cheating the taxman out of £500k
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NewsCraft beer sales top £100m as retailers get more exclusive
Take-home craft beer sales have grown by almost a third over the past year, exclusive data reveals
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NewsMajestic slips to first half loss amid Naked investment and “sluggish” UK market
Majestic Wine has fallen to a first half loss of £0.2m as investment in growth and the “tough” retail market were a drag on performance.
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NewsMedia Bites 22 Nov: SSP Group, Patisserie Valerie, Oat milk
Shares in Upper Crust owner SSP Group plunged after retail veteran Kate Swann revealed she is stepping down in May.
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NewsSimplyFresh appoints Tim Chalk as CEO
The appointment will see SimplyFresh co-founder Kash Khera become COO
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NewsCo-op to open 12 London stores in one month
The first store opened last week in Portman Square, Westminster
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NewsSSP Group CEO Kate Swann steps down after “record” year
Travel food-to-go specialist SSP Group has announced its CEO Kate Swann is to step down next year after it posted 22.7% surge in full year underlying operating profit and revenue growth of 9.5%.
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NewsMedia Bites 21 Nov: Sugar tax, Compass Group, Patisserie Valerie
Britain’s sugar tax has raised well under half the originally forecast amount in its first seven months, reflecting a huge shift by drinks manufacturers to cut the amount of sugar in their products.
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News2 Sisters losses deepen in fourth quarter
2 Sisters owner Boparan Holdings’ pre-tax losses more than trebled to £53.8m in the fourth quarter of 2017/18
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NewsIGD names Susan Barratt as new CEO
Barratt will succeed Joanne Denney-Finch who stepped down in September
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NewsCompass Group annual profits rise 7% despite UK margin pressures
Food service giant Compass Group reported a 5.5% jump in full year organic sales to £23.2bn.
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NewsMedia bites 20 November: Consumer spending, Energy drinks, Beyond Meat
Online shopping and food retailers are forecast to be the winners this Christmas as consumers keep a tight rein on spending on clothing, homewares and other non-food items
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NewsNational Lottery ticket sales leap by 5.4% this year
Sales across the National Lottery’s range of scratchcards and online instant win games also rose by £136m
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NewsThird quarter earnings slump 9% at Dole after oversupply
Earnings fell 9% for the third quarter at fresh produce supplier Dole, after an oversupply resulted in lower pricing
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NewsMedia Bites 19 Nov: Brexit, Colman's, Kimberley-Clark
Britain is running out of food warehousing space as retailers and manufacturers rush to stockpile amid growing fears of a no-deal Brexit
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NewsThe Ethical Butcher seeks £350k to launch direct-to-consumer arm
The meat wholesaler has launched a Crowdcube campaign to fund the new service for carbon negative meat
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NewsUS-based Lineage Logistics acquires Yearsley Group
The deal was struck due to synergies between both businesses operating models