Finance news – Page 70
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NewsWilliam Jackson Foods posts £1.5m loss
The Abel & Cole owner called it ‘another challenging year’
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NewsDuerr’s chalks up record profits as inflation eases
F Duerr called it a ‘vastly improved sales and profit result’ after several difficult years
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NewsMedia Bites 8 January: Asda woes, Ocado and M&S buzz, inflation and McDonald’s
The newspapers are chiefly concerned with the supermarkets festive performance
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NewsHeavy Christmas promotions lift supermarket till roll to record highs
Supermarket sales hit a record high of £14.6bn in the three weeks leading to Christmas thanks to the highest level of promotions seen in store for three years, according to new figures released this morning
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NewsCity snapshot: Supermarket Christmas sales rally on heavy promotions
Supermarket sales rallied in the three weeks before Christmas as the mults vied to win over shoppers with heavy discounts and promotions, according to NIQ data released this morning
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NewsMeek Christmas fails to save 2024 retail trading
UK retail sales increased by just 0.7% last year after a weak final quarter, as non-food sales remained in decline despite persistent inflation
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NewsCraft brewer Magic Rock set to call in administrators
Magic Rock’s sister brewery Fourpure was placed into administration in October
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NewsTyphoo Tea creditors owed £100m with PE owner taking large hit
Typhoo Tea owed creditors close to £100m at the time of its collapse late last year, with its private equity owner taking a massive hit, new documents from administrators have revealed
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NewsMedia Bites 7 January: golden quarter sales, Aldi’s ‘best ever’ Christmas, looming inflation
Underwhelming golden quarter retail sales figures from the BRC are dominating this morning’s headlines
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NewsCity snapshot: Record Christmas for supermarkets but Asda continues to struggle
Aldi and Lidl achieved their highest-ever Christmas market share as household spending in supermarkets hit a record high this festive period, according to new data published this morning. Plus, the BRC & KPMG publish December retail sales figures and Barclays publishes consumer spending report
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NewsCompleat Food Group’s revenues near £800m amid inflation recovery
The business has set an ambition to become the UK’s leading chilled prepared food group
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NewsAvocado giant Westfalia Fruit snaps up Belgian supplier Syros
Westfalia said the acquisition would enhance its presence in the European avocado product market
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NewsPrinces hits out at union as industrial action rumbles on
Unite warned strike action was ‘likely to lead to shortages in supermarkets and shops’
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NewsEmma Watson’s luxury gin brand Renais raises £5m for global expansion
Renais launched in May 2023 and has already entered the US market, as well as 11 other countries – with a distribution agreement in a further 22
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NewsDaylesford Organic owner pledges further ‘support’ as losses balloon
The business was owed nearly £3m by its supply base, according to latest annual accounts
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NewsMeadow Foods profits slow after sale to Fairfax Financial
Transaction costs of more than £3m from the sale reduced profits, however the underlying business remained ‘strong’, Meadow stressed
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NewsAldi posts record Christmas sales of £1.6bn
It capped another ‘astonishing’ year, in which Aldi overtook Asda to become the country’s second-largest supermarket by shopper numbers, the discounter said
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NewsMedia Bites 6 January: Ocado, budget fears and ‘fat cats’
Ocado gave short-sellers their biggest profit yet in 2024, due to its demotions from the FTSE 100
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NewsCity snapshot: price hikes set for 2025 as business confidence slumps
Businesses in the UK are preparing to hike prices in 2025 to deal with the “pressure cooker of rising costs and taxes”, according to a survey by the British Chambers of Commerce. Plus, looking ahead to the Christmas trading updates due this week
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NewsDriver death fine puts cidermaker Westons in the red
Westons was fined £1.4m over two health and safety breaches that resulted in a fatality