Finance news – Page 182
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NewsHere We Flo secures almost £2m funding to expand eco female personal care brand
Founded in 2017 by friends Tara Chandra and Susan Allen, the brand sells period care and bladder care products made from bamboo and organic cotton, as well as condoms using natural rubber latex.
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NewsMedia Bites 5 Dec: Ocado, Morrisons, Associated British Foods
Ocado has told investors it will pause the construction of more automated distribution centres in the UK, the latest sign of a pullback in demand for online grocery delivery
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NewsCity News: Greencore shares plunge despite food to go recovery
Prepared food group Greencore posted a huge jump in sales and profits this week, but its shares fell on worries over its outlook
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NewsTroy Foods rescued by Fylde Fresh & Fabulous in pre-pack deal
Potato grower Fylde Fresh & Fabulous Group has rescued veg processor Troy Foods from administration.
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NewsCity snapshot: Irn-Bru owner AG Barr acquires energy drinks brand Boost
The group said the deal would boost profits and demonstrated its ongoing strategy to develop in high-growth and functional categories.
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NewsFullers Foods undergoes buyout with current MD Smith as new CEO
Frozen specialist Fullers Foods International has undergone a management buyout, with the fourth generation of the family business selling for an undisclosed sum
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NewsCity snapshot: Footfall stumbles ahead of Christmas
Total UK footfall decreased by 13.3% in November compared to pre-pandemic levels, according BRC-Sensormatic IQ Footfall Monitor, as the cost of living crisis put off some consumers from visiting the shops
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NewsMedia Bites 2 December: Christmas prices, John Lewis, Hotel Chocolat
Christmas dinner will be nearly 22% more expensive this year than in 2021, according to new research for the BBC
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News2 Sisters agrees sale of Holland’s Pies and bakery division
2 Sisters Food Group is close to offloading its bakery division after striking a conditional agreement with an Irish boutique investment firm
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NewsCity snapshot: International restructuring sends Hotel Chocolat to £8.7m annual loss
Costs arriving from the retrenchment of its international business send Hotel Chocolat to a annual loss of £8.7m despite strong sales growth in the UK as in-store revenues bounced back
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NewsMedia Bites 1 December: inflation, Brexit, Huel
The papers all pick up the latest inflation data from the BRC’s shop price index.
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NewsHuel valued at $560m as celebs join new fundraising round
Plant-based meal replacement brand Huel has raised a further $24m (£19.9m) to underpin its global growth plans, counting some high-profile celebrities among its new financial backers
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NewsMedia Bites 30 Nov: Wilko, Christmas turkey, Nestlé
The struggling discount chain Wilko has warned it could run out of money if it is unable to secure additional financing by the end of next year
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NewsCity snapshot: Food inflation races to new record high as price of eggs soar
Food inflation has hit new record highs as egg, dairy and meat prices all soar, leading to increasing pressure on households in the run up to Christmas.
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NewsCity snapshot: Greencore sales and profits jump on food-to-go rebound
The strong rebound in food to go boosted annual revenues and profits at Greencore, though the group warned of “further substantial inflation” in the coming year. Plus updates from Unilever, Treatt, Supreme and all the rest of the latest news from the City.
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NewsMedia Bites 29 November: EG Group, high street, eggs
The petrol forecourts business owned by the billionaire Issa brothers has been accused of profiteering after gross fuel profits rose by 20% to $1.7bn.
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NewsCity News: Bakkavor shares tumble on warning of lower profits
While sales volumes had held up through the summer, they had taken a downward turn in September
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NewsMedia Bites 28 Nov: Black Friday/UK retail, Devro, Amazon
Black Friday sales bounced back this year as shoppers looked out for good deals, despite predictions the higher cost of living would dampen the event
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NewsCity snapshot: DX Group invests £3.6m in depot network
Logistics group DX is investing £3.6m into upgrading its existing depot network as part of its “ambitious” growth plans.
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NewsCity snapshot: Andy Bond rejoins Pepco board as chairman
Former CEO Andy Bond will rejoin the board of Poundland owner Pepco as chairman after stepping down from his former role earlier this year