Finance news – Page 98
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NewsMedia Bites 24 August: Wilko, Brexit, John Lewis
Hopes for a rescue of collapsed discounter Wilko faded yesterday as administrators provided an update on the ongoing attempts to sell the business.
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NewsRaheem Sterling-backed online grocer Oja enters administration
Founder Mariam Jimoh said the company faced ‘operational difficulties’ and an ‘unexpected dip in Q1 revenues’
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NewsMedia Bites 23 Aug: Marks & Spencer, Subway, Getir
Marks & Spencer could be promoted to the FTSE 100 after a four-year hiatus as its turnaround finally bears fruit
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NewsCity snapshot: Reckitt Benckiser appoints new CFO from Nike as Jeff Carr retires
Reckitt Benckiser CFO Jeff Carr has handed in his notice, with the multinational consumer goods group appointing a replacement from Nike to take over the role. Plus, Wynnstay Group appoints new finance director.
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NewsClimate change inaction to cost fmcg giants billions of pounds
Procter & Gamble, Colgate-Palmolive and Unilever all face billions in costs unless they urgently tackle Scope 3 emissions
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NewsCity snapshot: Grocery sales growth slows to lowest level since January
Poor weather and persistent inflation hit volumes throughout July
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NewsMedia Bites 22 August: Antibiotics, poultry farming, Wilko, Domino’s
Food companies are facing increasing pressure from their investors over the overuse of antibiotics in the food supply chains as campaigners turn to shareholder muscle to tackle the global scourge of antimicrobial resistance.
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NewsCity snapshot: Henry Dimbleby joins board of lab-grown petfood brand Good Dog Food
Lab-grown petfood brand Good Dog Food has appointed former government food tsar Henry Dimbleby as a non-executive director.
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NewsMedia Bites 21 Aug: Wilko, Retail sales, Business rates
The boss of one of Britain’s biggest unions said there were “genuine grounds for hope” over the future of Wilko
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NewsEnough secures €40m to produce cheaper meat-free products
The sustainable meat-free ingredients group has raised the funding to boost capacity at its factory
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NewsM&S shares soar on news of market share growth
Marks & Spencer shares surged to a near four-year highs as its turnaround received a further boost this week
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NewsJamie Oliver's food empire sees strong sales rebound
Jamie Oliver’s food empire saw a strong rebound in sales and profits last year as it prepares to re-enter the UK restaurant space
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NewsEx-Warburtons boss Neil Campbell joins Hain Celestial board
Former Warburtons boss Neil Campbell has joined the board of US food giant Hain Celestial
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NewsAdministrators going over bids for collapsed Wilko
The outcome of the process is set to be decided within days, as 12,000 employees wait to learn if they face redundancy
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NewsMedia Bites 18 August: ‘Greedflation’, food waste, Wilko
Official ONS figures show profitability at UK non-financial companies is lower than pre-pandemic levels
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NewsCity snapshot: Wet weather dampens UK retail sales in July
UK retail sales fell back last month as wet weather and persistent inflation hit sales volumes
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NewsFirst Milk sees sales rise by almost 40% in year of ‘profitable growth’
The dairy co-op hailed the ‘resilience’ of the business as it posted operating profits of £5.1m in its 2022/23 financial year
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NewsCity snapshot: Tyson Foods reportedly eyes China poultry exit
US meat giant Tyson Foods is reportedly exploring plans to sell off its China poultry business in the latest case of a multinational fmcg firm looking to sell key assets in the country
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NewsMedia Bites 17 August: Carlsberg, Wilko, Aldi
Carlsberg chief executive Cees ’t Hart said the brewer was “shocked” at the seizure of its Russian subsidiary by the Kremlin last month.
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NewsRegal Food Products creates one-stop shop with acquisition of Packaging ‘R’ Us
World food producer Regal Food Products has expanded into the non-food space with the acquisition of disposable packaging business Packaging ‘R’ Us