Finance news – Page 336
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NewsMedia Bites 5 Feb: M&S, Grocery sales, Meat tax
M&S Food finance director Nick Hewitt has left the chain last month, the latest high profile exit at the chain, while Morrisons boss David Potts has come under pressure to restore the grocer’s furtune as market share and sales keep falling
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NewsTyphoo Tea to cut jobs to ‘safeguard future of the company’
The tea maker said the move was necessary amid an increasingly challenging trading environment
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NewsWild Cosmetics raises six-figure sum to launch eco-friendly deodorant
DTC startup Wild Cosmetics has raised £500k to roll out its 100% biodegradable deodorant refills and reusable aluminium cases from March
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NewsPasta Evangelists raises £3.5m to ramp up omnichannel efforts
The four-year-old brand raised the cash from funds including Pembroke VCT and Guinness Asset Management
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NewsDessert maker Indulgence Patisserie in talks with buyer after collapse
The own-label and branded dessert manufacturer appointed advisors last month after falling sales and legal issues led to its collapse into administration
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NewsM&S food and clothing are most profitable together, says chairman Archie Norman
His comments follow speculation over the prospects of a break-up of the two arms after food outperformed clothing in Christmas trading
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NewsCity snapshot: Grocery market records weak post-Christmas sales growth
The grocery sector experienced a sobering January as clean-living consumers cut back to constrain market growth to just 0.3% in the latest 12-week period.
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NewsMedia Bites 4 Feb: Tesco, Poundland, Imperial Brands
A non-compete agreement has forced Tesco to delay the arrival of its new chief executive Ken Murphy
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NewsIceland to roll out to 19 more branches of The Range by April
The expansion will take the number of branches of The Range with an in-store Iceland to more than 50
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NewsPlantifull seeks funding to support ‘major’ Holland & Barrett launch
The vegan meal pot startup is looking to raise £350k in exchange for an 18% stake to support in-store expansion and NPD
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NewsTime Wholesale Services reports sales boost after move to larger depot
Time is expecting to hit sales of £85m for the year to 31 January 2020
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NewsCity snapshot: Former Bacardi and Cadbury exec named as Imperial Brands CEO
Imperial Brands has appointed former Bacardi and Cadbury executive Stefan Bomhard as its new CEO, replacing Alison Cooper.
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NewsMedia Bites 3 Feb: John Lewis, Unilever, Pasta Evangelists
John Lewis will turn over a new leaf this week when its new boss, Dame Sharon White, formally takes the throne at the troubled retail group
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NewsFood & drink exporters fear China port chaos over coronavirus
The number of confirmed cases of the virus in mainland China now exceeds 7,000
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NewsChase Distillery appoints advisors for potential sale
Chase Distillery has engaged advisers to explore its options, including a potential sale, The Grocer understands.
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NewsCity snapshot: Britvic reports ‘robust’ start of the year as sales surge
Britvic has reported a “robust start” of the year with first quarter revenues surging 4.9% to £369.8m
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NewsMedia Bites 31 Jan: Unilever; Coca Cola, Diageo
Unilever is considering a sale of its tea business, despite denying earlier media reports, the fishing industry is on the line as the UK leaves the European Union tonigh and Coca Cola’s push into healthier variants boosts sales
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NewsPG Tips tea sale on the table as Unilever explores all options
Unilever has initiated a full strategic review of its global tea business, which could lead to a sale, despite its pledge two months ago to keep the brands.
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NewsEast End Foods founders set to re-purchase two depots from PE buyer
The deal for the sites at Smethwick and Aston in the West Midlands is set to be completed imminently