Finance news – Page 178
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NewsCrussh food-to-go operator rescued in pre-pack adminstration deal
Food-to-go and juice bar group Crussh has been rescued after collapsing into administration, saving more than 160 jobs
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NewsMedia Bites 11 January: Unilever, Amazon, Majestic Wine
The stockpicker Terry Smith has raised questions about a spree of acquisitions struck by Unilever in a further attack by the star fund manager on the FTSE 100 consumer goods giant
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NewsCity snapshot: Record Christmas for Sainsbury’s as inflation lifts sales
Sainsbury’s has upped its profits expectations for the year after reporting a record Christmas. Plus, Nichols reports full-year trading update and reveals new chairman appointment.
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NewsCurious Brewery rescues Wild Beer Co from administration
Kent-based Curious Brewery has rescued the Wild Beer Co brand from administration in a deal which will double production at its Ashford brewery
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NewsMedia Bites 10 January: Lidl, Aldi, Waitrose, Sainsbury’s, BrewDog, McDonald’s
A packed morning of news in the papers, with the Christmas trading update from Lidl making headlines
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NewsCity snapshot: Grocers boosted by highest ever sales week in the run up to Christmas
UK supermarkets saw a double digit jump in sales, as strong inflation and a recovery in sales volumes lead to the industry’s biggest ever week in the run up to Christmas
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NewsMedia Bites 9 January: Waitrose/Warburtons, McDonald’s, M&S
Waitrose has pulled all Warburtons products from its shelves in a row that denies millions of its shoppers access to the nation’s most popular crumpet
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NewsCity News: B&M, Greggs and Next provide investors with some Christmas cheer
Bargain hunters looking to stretch budgets helped B&M and Greggs, while Next raised profit forecasts following better-than-expected festive trading.
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NewsCity snapshot: Lidl attracts 1.3 million new customers over Christmas
Lidl has this morning reported that it attracted more than an additional 1.3 million customers in the run up to Christmas as sales increased 24.5%.
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NewsWilliam Jackson Food Group bounces back with 35% sales jump
William Jackson Food Group grew sales by over 35% and cut losses last year, thanks to a resurgent foodservice market and its supply partnership with Co-op
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NewsBumper Christmas sees mults win back market share from discounters
Soaring food price inflation drove a bumper increase in Christmas sales for supermarkets as they won back share from the discounters, Kantar has revealed
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NewsIncreasing costs of production hit profits at Cathedral City owner Saputo Dairy UK
The supplier also saw a slump in demand for its lucrative dairy ingredients business
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NewsCity snapshot: Christmas footfall jumps to post-pandemic high
UK retail footfall over the festive period rose back to the highest levels recorded since the start of the Covid pandemic in 2020
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NewsMedia Bites 6 January: B&M, Greggs, Boots, UK Retail
The FTSE 100 discount store chain B&M European Value Retail has upgraded its profit forecast after a strong third quarter and will pay a £200m special dividend
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NewsNorthern Bloc acquires two heritage ice cream makers as it ramps up capacity at new Leeds HQ
The acquisitions of Criterion Ices and Marine Ices will boost revenues by an additional £2m
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NewsDaylesford Organic sales are up… but it’s back in the red
Scaling back up after the pandemic caused losses
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NewsMedia Bites 5 January: Kantar, Sainsbury’s, Wilko, Amazon
There’s plenty of retail news in this morning’s papers to chew over following the latest Kantar Christmas spending data, Sainsbury’s raising shop-floor pay and Wilko securing fresh funding.
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NewsCity snapshot: B&M hikes profit guidance on strong pre-Christmas trading
B&M Bargains owner B&M European Value Retail has raised its full year profits guidance after posting double-digit growth in the quarter leading to Christmas. Plus, Greggs sees ‘favourable’ Christmas trading and all the rest of the latest news from the City.
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NewsGlobal Brands takes control of Hooch, Hooper’s and Reef from Molson Coors
The three brands have been produced and distributed by Global Brands since 2012, under licence from the North American brewing giant.
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NewsCook EBITDA slumps £2m following Christmas 2021 cyber-attack
The attack ground manufacturing systems at its Sittingbourne site to a halt and prevented Cook from making and delivering food