Finance news – Page 44
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NewsPopeyes UK secures £43m finance facilities to support growth plans
Popeyes plans to open 45 new restaurants this year and expects to create around 2,500 jobs
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NewsCaffeinated candy startup Ruly raises £500k for UK retail rollout
Each 42g pack of Ruly sweets contains 80mg of caffeine, alongside guarana and B vitamins
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NewsPoundland eyeing rent cuts in bid to save costs, says report
Poundland last drove through big rent changes during the pandemic, when it cut rent on hundreds of properties by more than a third
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NewsMedia Bites 9 June: Poundland rent cuts, M&S spending, Waitrose perks
The weekend saw Poundland bosses plotting rent cuts for survival and the John Lewis Partnership slashing spending perks
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NewsBasket crowdfunding £2m to roll out AI shopping assistant
Basket’s investors so far include the founders of BrewDog and Groupon
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NewsPret a Manger owner explores new investors before possible IPO
Advisors are said to be looking into a number of options before a potential listing
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NewsSpirits prices will have to go up if downturn proves structural, says Brown-Forman CEO
Lawson Whiting said GLP-1 drugs, cannabis use in the US and Gen Z drinking less were dragging on sales
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NewsMedia Bites 6 June: Trump vs Musk, Pret a Manger IPO, P&G jobs
A rift between US president Donald Trump and Tesla boss Elon Musk is shaking up markets this morning
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NewsBrown-Forman forecasts sales and profit declines citing tariffs
Brown-Forman is less exposed to tariffs than other booze suppliers as it has a large US production presence
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NewsB&M’s share price down 16% after recognition of poor performance
The retailer’s difficulties have caused its share price to halve since the end of 2023
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NewsCost price increase requests being rejected by supermarkets
A poll of more than 50 food and drink suppliers shows more than 90% have looked to pass on increased costs averaging 1-6% this year
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NewsFever-Tree’s US expansion undeterred by Trump’s tariffs
Fever-Tree sold an 8.5% stake to Molson Coors in January as part of a strategic partnership to expand across the US
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NewsPladis enters Uzbekistan markets as it aims for central Asia expansion
Pladis is planning to take its Ülker brand to new heights
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NewsNorthern Monk surge continues but cash remains tight
The company said that, as is common with growth-stage businesses, it is not yet profitable and is funded by private equity
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NewsBabease ceases trading as organic babyfood brand’s owner calls in liquidators
It is not the first time the business has been forced to call in insolvency practitioners, with Babease previously saved in a pre-pack administration deal in 2019
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NewsIsle of Barra Distillers crowdfunds £800k to fuel first whisky launch
The business is currently building a new £12m single malt distillery on Barra
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NewsRémy Cointreau abandons 2030 sales target amid tariff uncertainty
Tariff uncertainty and a slowdown in US spirits have hit sales and profits at the French spirits group
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NewsWH Smith to complete sale of high street stores within weeks
In a trading update, WH Smith gave a picture of what the slimmed-down company will look like in future
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NewsMedia Bites 4 June: BAT, Amazon, HelloFresh, Remy Cointreau, Diageo and Oreos
A quiet morning in terms of major grocery news which may come as a relief to many in the industry given the drama of recent weeks
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NewsB&M admits it must do better as profits slump
Former CEO Alex Russo stepped down in February after the company issued a profit warning