Finance news – Page 9
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NewsCity snapshot: Virgin Wines UK confident of meeting full-year profit forecasts
Underlying profits have more than doubled at Virgin Wines UK in the first half as the DTC group implemented a turnaround strategy
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NewsMedia Bites 25 March: Unilever, food security, Ocado, Asda
Unilever’s move to spin off ice creams continues to make headlines into the weekend
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NewsS-Ventures in takeover talks with AIM-listed investment firm
Struggling fmcg investor S-Ventures is in talks with an AIM-listed firm over a potential takeover to support future growth
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NewsUnilever to spin off ice cream division in £15bn move
Unilever has unveiled plans to spin out its €7bn (£6bn) global ice cream business in an acceleration of new boss Hein Schumacher’s strategy to turn around the group’s performance
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NewsCity News: Hangover for Naked Wines investors
Shareholders in Naked Wines suffered another hangover this week as media reports on the online wine retailer hiring Interpath to refinance its debt sent the shares tanking by more than 20%
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NewsCity snapshot: Consumer confidence ‘vanishes’ in March
Consumer confidence stalled in March but a shift in attitudes to personal finance provided optimism for the future, according to a closely watched survery released this morning. Plus, the latest retail sales for Feburary from the ONS
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NewsMedia Bites 22 March: Unilever, Asda, Waitrose
Unilever continues to make headlines following the news of its plans to spin-off the ice cream business
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NewsBold Bean Co leaves Dragons’ Den with £50k investment
Bold Bean Co has struck a deal with Deborah Meaden during an appearance on Dragons’ Den tonight
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NewsCity snapshot: General Mills Q3 profits beat expectations
Profits at US consumer packaged goods group General Mills have risen more than expected in its third quarter as price hikes and cost cutting offset volume declines
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NewsMedia Bites 21 March: Ad ban, vapes, Greggs
Sheffield City Council has laid out a new advertising policy aimed at cracking down on campaigns deemed harmful to the environment and people’s health
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NewsGrowUp Farms appoints former Ella’s Kitchen boss Will Howard as UK MD
Howard, who joined in February, will oversee a scaling up as the business grows to sell more than one million bags of salad a week
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NewsBeer52 moves into distribution with pre-pack deal for Eebria
It came after Eebria was placed into administration on 19 March
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NewsCity snapshot: Food price inflation slows significantly in February
Inflation has eased to its lowest levels in the UK for more than two years as the rising cost of food slowed significantly in February, according to new official data released this morning
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NewsMedia Bites 20 March: Unilever, Tesco/Lidl, Diageo
Unilever’s plan to spin off its ice cream business dominates today’s business sections
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NewsValeo Foods secures €50m cash injection from Bain as turnaround begins
Valeo Foods has secured a €50m cash injection from private equity owner Bain Capital as a turnaround at the ambient giant gets underway
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NewsMajestic eyes move for bar chain Vagabond Wines
A move for Vagabond would see Majestic further grow its physical footprint
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NewsHolland & Barrett suppliers outraged over ‘unacceptable’ changes to payment terms
‘It would be carnage if we tried to do a price increase without first giving the heads up to our contacts,’ one supplier told The Grocer
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NewsUK Salads suppliers still looking for produce buyers, three weeks after collapse
Two suppliers have told The Grocer they have not heard from UK Salads or Aldi since administrators were appointed
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NewsDiageo appoints non-exec director John Manzoni as chair
Manzoni first joined the Diageo board in October 2020
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NewsCity snapshot: Unilever to separate ice cream business as part of growth plans
Unilever has unveiled plans to split off its ice cream business and also separately identified €800m in cost savings in a move that will impact about 7,500 jobs. Plus, Diageo appoints new chairman, interims from Eagle Eye and final results from MP Evans