Finance news – Page 334
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NewsCity snapshot: Sainsbury’s prices fall but supermarket inflation persists
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation.
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NewsMedia Bites 14 Feb: Nestlé, CBD regulation, Domino’s UK
The world’s largest food company is looking to to meat-free products to lift sales after missing its organic growth target.
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NewsPepsiCo’s annual sales rise on strong European performance
For 2020 the business expects revenues to rise 4%
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NewsSpanish storms drive rocketing wholesale prices for lettuce
Storm Gloria buffeted coastal areas from Catalonia to Murcia over the weekend of 18-19 January
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NewsFSA sets CBD suppliers 2021 deadline to attain novel foods status
After next March, only goods that have submitted a valid application will be allowed to remain on the market
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NewsMedia Bites 13 Feb: Greggs/Asda, Coronavirus, Business rates
Greggs partners with Asda for in-store concessions, the Coronavirus outbreak threatens economic growth and retailers come together to demand a reform of business rates
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NewsNestlé targets improved 2020 sales growth
Nestlé has forecast an improvement in sales growth over the coming years after posting a solid increase in revenues and profits in 2019.
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News50 retail bosses including Burnley and Coupe write to Sajid Javid demanding business rates reform
The open letter urges the Chancellor to urgently scrap rules limiting how quickly business rates can fall in line with dropping rents
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NewsBrighton-based sustainable supermarket Hisbe offers £450k bond to fund second site
Hisbe is looking to raise £450k to fund the opening of a second ‘ethical supermarket’ in Worthing
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NewsPots & Co raises more than £500k following Lloyds loan
The London-based pudding business issued 8,293 shares at £67.35 each, but refused to comment on future plans
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NewsSainsbury’s offers cheaper products in Nectar Prices promotion
The discount has been rolled out to lines of own brand fresh fruit & vegetables, selected Taste the Difference meals and a wide range of branded items
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NewsCity snapshot: Heineken CEO to step down as it posts 5.6% annual sales growth
Heineken has announced its CEO is to step down as it posted a year of solid revenue growth as sales volumes and prices both rose. Plus, Ahold Delhaize earnings rise on sales growth and all the rest of the latest news from the City.
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NewsMedia Bites 12 Feb: Ocado, Heineken, M&S
Ocado more than quadrupled its losses last year, but its stunning share price performance triggered an £87m payday for senior directors
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NewsFitch Brew looks for strategic investors in £250k funding push
The York-based startup is seeking to raise cash from strategic investors to fund NPD and exports
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NewsVitamin drinks brand Tonic Health kicks off £400k fundraising push
The startup is looking to secure the cash in a blend between an institutional raise and crowdfunding to scale up UK operations and launch in the US
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NewsOcado results reveal legal fees of £1.3m and M&S range growth plans
The total cost of the litigation action is likely to increase as the court battle rolls on, with Faiman denying allegations and counter-suing the company
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NewsAldi and Lidl swipe millions in sales from Asda, Tesco, Sainsbury’s and Morrisons
Tesco’s losses, which represent the fall in sales arising directly from a gain for the discounters, are the largest by any retailer over all time periods
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NewsACS calls for government action on business rates and shoplifting ahead of budget
The Association of Convenience Stores has pressed for changes to policies on business rates, crime and employment costs
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NewsMedia Bites 11 Feb: Brexit trade; Chinese prices, Harry’s/Edgewell
The Government confirms the end of frictionless trade with the EU post Brexit, Chinese prices spike on the Coronavirus outbreak and John Lewis will start selling make-up for men
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NewsCity snapshot: Ocado slumps to £215m loss as Andover fire hits profits
Ocadoreports strong results despite the impact of a fire at its Andover CFC last year, M&S snaps up Greencore CFO and Cranswick buys leading UK pig farm