Finance news – Page 425
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NewsMedia Bites 17 Aug: Asda, Carlsberg, UK retail sales
Asda has secured its fifth straight quarter of rising sales, boosted by an expanded vegan range and the launch of premium gins
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NewsChewy Moon reaches out to crowd to fund retail expansion
Direct-to-consumer children’s snack company Chewy Moon has reached out to the crowd for a cash injection to fund a move into retail stores.
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NewsRetailers call on chancellor to freeze business rates
Latest CPI figures means retailers are facing a near £200m rates hike
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NewsCarlsberg upgrades earnings forecast after strong first half
Carlsberg has upgraded its full-year earnings expectations after posting a 5.1% rise in organic net revenue in the first half of the year. Plus, Henkel has downgraded its full year earnings expectations as currencies hit its annual results and all the rest of the latest news from the City.
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NewsMedia Bites 16 Aug: Constellation Brands, Greencore, BHS
Corona beer maker Constellation Brands doubled down on its bet on the budding marijuana industry, pumping just under $4bn into a Canadian group that has sought to capitalise on the spreading legalisation of weed.
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NewsUS meal replacement sensation Soylent coming to UK
The “engineered nutrition” brand will be available to Brits from September exclusively via Amazon
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NewsKarma food waste app set to expand to UK supermarkets
New £9.4m fundng will help Karma treble the size of its team and target new territories
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NewsCoca-Cola takes stake in US sports drink supplier Bodyarmor
Coca-Cola has agreed a deal to acquire a minority stake in US sports drink supplier Bodyarmor as it eyes the global sports drink market.
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NewsMedia Bites 15 Aug: Juul Labs, Coca-Cola/Bodyarmor, The Co-op
San Francisco vaping brand Juul Labs looks set to exceed its initial “aggressive” sales targets for the UK, but analysts warn its meteoric rise might be curtailed by regulators and competition.
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NewsGood Hemp sells majority stake to PE investor Inverleith
Private equity investor Inverleith has bought a majority shareholding in plant-based food and drink brand Good Hemp after agreeing a ‘seven-figure’ deal.
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NewsQuarter of M&S stores unable to accept card payments
‘Technical difficulties’ have also been affecting refunds and exchanges involving card-based transactions
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NewsChris Dee to lead food and home departments at Harrods
Former Booths CEO Dee replaces food and restaurants director Alex Dower
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NewsCampbell-Gibbons to leave the NFU to join AHDB board
She will chair the AHDB’s Horticulture Sector Board as part of the appointment
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NewsCity snapshot: Origin Enterprises completes €41.3m Brazil deal
Agri services group Origin Enterprises has completed its €41.3m deal to acquire a majority stake in Brazil-based nutrition and crop business Fortgreen Commercial Agricola. Plus, John Menzies has reported a 15% rise in underlying profit before tax in its final results before becoming a pure-play aviation business and all the rest of the latest news from the City.
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NewsMedia Bites 14 Aug: Monsanto/Bayer, British gin, Campbell Soup
Monsanto has been ordered to pay $289 million in damages over alleged links between weedkiller and cancer, knocking almost €9 billion off the value of its German owner yesterday.
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NewsRisk of petrol price hike, warn MP and Fair Fuel UK
MP for Robert Halfon and the Fair Fuel UK campaign have called for an independent fuel price watchdog
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NewsAB InBev announces Paula Lindenberg as new UK & Ireland boss
She will replace current UK president Jason Warner when he becomes zone president for Europe in January 2019
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NewsRetail footfall falls in July but high street stabilises
Retail footfall fell back another 0.8% in July as the hot weather hit shopper numbers, but the high street showed a modest recovery after numbers plunged last year.
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NewsMedia Bites 13 Aug: Young's, Asda/Sainsbury's, EU workers
Young’s Seafood has become the subject of a three-way bid battle as a potential £200m sale of the frozen food manufacturer nears conclusion.
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NewsSales suffer at Thorntons after first full year under Ferrero
Chocolate retailer and supplier Thorntons has suffered a sharp drop in sales and an expansion of losses in its first full financial year under Ferrero ownership.