Finance news – Page 67
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NewsMedia Bites 3 April: Waitrose, egg production, Amazon
Waitrose is cutting prices in its stores for the second time in as many months as it battles to regain shoppers from M&S
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NewsCity snapshot: Supermarket basket size grows as inflation slows
Shoppers have been encouraged to put more in their baskets as inflation eased back to more manageable levels, according to the latest market data released this morning. Plus, full-year results from Hilton Food Group with a turnaround in seafood helping boost profits
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NewsWho Gives a Crap on a roll with rapid UK growth
Sustainable paper products challenger Who Gives a Crap is racking up rapid growth thanks to a loyal DTC customer base and expanding distribution in retail
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NewsLow Pay Commission to consult on national living wage rates
It comes as employers across the country implemented the new NLW this week, which rose by 9.8% from £10.42 to £11.44 per hour
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NewsNice Rice secures six-figure investment to build sustainable rice category
Nice Rice has closed a six-figure investment round to help with its mission to champion environmentally friendly products and grow the sustainable rice category in the UK
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NewsAdnams ‘considers options’ as it downplays talk of outright sale
The brewer said it would prefer an injection of third-party capital or to sell some of its freehold pubs
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NewsMedia Bites 2 April: Adnams, Unilever
A bumper edition as we catch up on all the news over the bank holiday weekend
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NewsCity snapshot: Retail inflation falls to lowest level since 2021
Shop price inflaton has contracted significantly in March, dropping to just 1.3% and the lowest level since December 2021
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NewsTesco partners with NatWest to help farmers reduce costs and decarbonise
The new scheme will provide farmers with preferential rates on finance to help them switch to sustainable farming methods
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NewsCity snapshot: Kitwave Group acquires Total Foodservice Solutions for £21m
Listed wholesale group Kitwave has announced the acquisition of north of England independent food wholesaler Total Foodservice Solutions for £21m
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NewsMedia Bites 28 March: Morrisons, Asda, Sainsbury’s
A hint of a turnaround at Morrisons following Q1 results makes headlines this morning
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NewsFourpure applies for CVA to stave off liquidation threat
Fourpure’s owners insisted the ’short term move’ would shore up its immediate future
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NewsEebria deal offering ‘full repayment to all creditors’ collapsed in December
A subsequent pre-pack sale saw Beer52 pay just £30,000 to acquire the business
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NewsCity snapshot: DS Smith confirms new talks over £5.7bn counter offer with New York rival
A multibillion-pound bidding war is underway for cardboard packaging manufacturing DS Smith as the London-listed firm confirmed it had received a counter proposal from a US rival. Plus, the Artisanal Spirits Company publishes full-year results for 2023
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NewsMedia Bites 27 March: Grocery inflation, Ocado, Fevertree
Grocery inflation has fallen to its lowest level in two years as the cost of living crisis finally eases
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NewsVillage Bakery set to command £160m price tag as PE owner explores exit
Village Bakery is seeking new owners, with its private equity backer having tasked bankers with running an auction for the premium private-label bread maker
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NewsShicken wins further multimillion backing from Matthew Glover’s Veg Capital
The brand will use the £4m cash injection to scale up manufacturing capacity and ‘realise the global potential of its restaurant-quality range’
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NewsModern Milkman expands into US with acquisition of namesake milk round business
Online grocery delivery service Modern Milkman has acquired its US namesake as part of an ambitious expansion to take its sustainability mission overseas
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NewsHovis turnaround picks up under new management team
Hovis has made big strides in its turnaround as significant price hikes helped boost revenues and profitability
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NewsCity snapshot: Ocado Retail hails “strong” Q1 performance
Ocado Retail has made a “strong” start to the year as the joint online venture with M&S continued to grow its market shares. Plus, the grocery latest market share data from Kantar and full-year results from Fever-Tree and AG Barr