Finance news – Page 70
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NewsCity snapshot: John Lewis Partnership bounces back to profit on strong Waitrose performance
The John Lewis Partnership has rebounded into annual profit on strong sales and profit growth at Waitrose, but it will not pay a staff bonus again for the year
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NewsPromise Gluten Free set for auction as owner explores options
The Grocer has learned an information memorandum is set to be sent to possible buyers in the coming weeks by Lincoln International, which is running the auction process
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NewsLiquid Death hits unicorn $1.4bn valuation as it raises $67m for NPD drive
Liquid Death has closed a $67m (£52.4m) fundraising round to value the cult canned water brand at $1.4bn (£1.1bn) as it seeks to ramp up distribution in its domestic US market and accelerate NPD
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NewsMedia Bites 13 March: Morrisons, CMA/vet sector, Aldi
The parent company of Wm Morrison has reported an annual loss of more than £1bn due in part to high debt finance costs
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NewsCity snapshot: Resurgent Tesco and Sainsbury’s supports first-half profit growth at Supermarket Income REIT
Property investor Supermarket Income REIT has boosted operating profits by 18% to £45m in the first half following a 10% increase in rent at the company to £104.7m
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NewsBold Bean Co hires Andrew McIntosh as head of grocery
McIntosh’s past roles include sales manager for posh popcorn brand Joe & Seph’s and most recently as head of international, UK grocery and wholesale sales at vegan confectionery brand LoveRaw
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NewsGymkhana Fine Foods appoints former Oatly UK boss Ishen Paran as MD
Michelin-starred sauces brand Gymkhana Fine Foods has appointed former Oatly UK boss Ishen Paran as its first managing director for the UK and international markets
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NewsCity snapshot: Domino’s Pizza grows sales and profits as costs ease
UK takeaway franchise player Domino’s Pizza group posted a rise in order count and sales last year on new store openings and increased market share
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NewsMedia Bites 12 March: CMA, ONS, Imperial Brands
The competition regulator has launched a formal market investigation into the veterinary market after a review found “multiple issues” in the sector
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NewsSome green shoots for food companies despite fall in confidence
In the last quarter of 2023, half of SMEs reported business conditions had deteriorated
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NewsCity snapshot: Property giant British Land raids Marston’s for chair appointment
British Land has announced it has appointed current Marston’s char William Rucker as its own chair designate
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NewsMedia Bites 11 March: John Lewis Partnership, Sainsbury’s, Morrisons
The owner of John Lewis and Waitrose is expected to announce that it has bounced back into the black – but workers are unlikely to see a payout
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NewsBorough Broth acquires vegan curry brand SpiceBox
Borough Broth has acquired vegan curry producer SpiceBox, the Indian foods retail brand founded by Grace Regan
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NewsGreggs is a ‘well-oiled machine’ as sales and profits soar
The public’s appetite for sausage rolls and baked slices has remained steady despite the pressures of the cost of living crisis, as shown in bumper results from Greggs this week
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NewsThanet Earth acquires new business to produce lettuce all year round
The new venture will trade as Thanet Earth Lettuce and will produce lettuce under glass for 12 months of the year in a deep flow, hydroponic system
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NewsCity snapshot: Mondi and DS Smith agree £5.1bn merger
Packaging giants Mondi and DS Smith have agreed terms for a £5.1bn deal that will create “global leader in flexible packaging”
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NewsMedia Bites 8 March: Marks & Spencer, Tesco, salmon farming
The departing boss of Marks and Spencer has been tipped to run John Lewis
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NewsAlantra teams up with Brand Growth Heroes for challenger ‘Mini MBA’
Mid-market financial services firm Alantra has teamed up with the Brand Growth Heroes accelerator led by Fiona Fitzpatrick to launch a ‘Mini MBA’ for challenger brand founders
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NewsSamworth Brothers leads £3m investment round for non-HFSS doughnut brand Urban Legend
Samworth Brothers has taken a minority stake in Urban Legend as part of a multimillion-pound investment round to back national expansion at the ‘healthier’ doughnut brand
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NewsLittle Moons seeks new CEO as Mike Hedges departs
Little Moons has parted company with CEO Mike Hedges after only two years, with co-founder Vivien Wong taking charge while a replacement is found