Finance news – Page 122
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NewsThe Body Shop’s UK arm placed into administration
The private equity owner of The Body Shop has placed the UK chain into administration just three months after buying it
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NewsNaked Wines cashes in Majestic Wine £12m loan to fuel turnaround
The online wine retailer agreed the early redemption of the loan note with CF Bacchus HoldCo for a discounted price of £9.1m
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NewsCity snapshot: Ultimate Products sales dip as air fryer craze dissipates
Homeware and household brands owner Ultimate Products has seen a fall in sales in its first half of its financial year as it laps “exceptionally strong demand” for air fryers last year
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NewsMedia Bites 13 February: Tea shortages, The Body Shop, M&S
Shoppers have been warned there is a “nationwide” shortage of black tea linked to Houthi attacks on ships in the Red Sea
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NewsLA Brewery seeking £1m from crowd to meet low & no demand
Kombucha maker LA Brewery is launching a £1m crowdfunding campaign amid fizzing consumer demand for alcohol-free alternatives
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NewsBreal shutters London brewing operations in consolidation move
Consolidation had been on the cards following Breal’s 2023 acquisition spree
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NewsSuffolk brewer Adnams appoints advisors after losses mount
Losses at Adnams widened to £2.4m in the first six months of last year
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NewsMedia Bites 12 February: The Body Shop, Cocoa prices, John Lewis
The new owners of The Body Shop are lining up administrators for its British arm just weeks after taking control of the cosmetics retailer
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NewsCity snapshot: SSP Group expands Australian footprint with ARE deal
Travel food-to-go operator SSP Group has expanded its presence in Australia with the acquisition of Airport Retail Enterprises
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NewsCity News: Sainsbury’s ‘Next Level’ strategy fails to impress the City
Sainsbury’s outlined its strategic blueprint to improve investors’ returns this week, but its plans underwhelmed the City amid concerns over upfront costs and a lack of clarity around some commitments
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NewsWilliam Jackson Food Group back in profit after MyFresh exit
William Jackson Food Group grew sales and moved back into the black last year, despite the cost of living crisis and a drop in online grocery shopping
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NewsCity snapshot: Tesco sells majority of banking arm to Barclays for £1bn
Tesco has announced it will sell it’s the majority of its banking operations to Barclays, with the deal worth £1bn in total.
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NewsMedia Bites 9 February: DS Smith/Mondi, Unilever, British American Tobacco
DS Smith has received a takeover approach from Mondi, a rival UK paper specialist, in a deal that would create a European packaging giant with a value of more than £10bn
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NewsFrozen meal startup Stocked secures £50k on Dragons’ Den
Frozen ready meals start-up Stocked has won backing from Steven Bartlett following an appearance on tonight’s Dragons’ Den
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NewsNorth Brewing’s unsecured creditors ‘highly unlikely’ to receive £1.7m owed
Administrators said there were ‘no solvent options’ available prior to the pre-pack sale
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NewsCity snapshot: Unilever returns to volume growth but performance remains ‘disappointing’
Unilever returned to volume growth last year as price increases decelerated, but new boss Hein Schumacher said the group’s competitiveness remained “disappointing”
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NewsMedia Bites 8 February: Sainsbury’s, Co-op, Nestlé, PZ Cussons
The unveiling of Sainsbury’s new startegy on Wednesday generated headlines across the papers this morning
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NewsSerious Pig beats £200k crowd target to help DTC sales fly
The business beat its £200k target on the Crowdcube platform in just more than a week, with the campaign standing (at time of publication) at £215k from 445 investors
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NewsHain Celestial lowers 2024 forecasts as it struggles with turnaround
Hain Celestial has downgraded its sales and profits forecasts for 2024 as the owner of Ella’s Kitchen, Covent Garden and Sun-Pat continues with its turnaround strategy
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News‘Micron-sized’ salt tech company MicroSalt lists
The company is also in talks with suppliers of ready meals and a fast food burger company