Finance news – Page 375
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NewsBoots UK profits decline amid wider high street woes
Boots UK third quarter profits slumped as the pharmacy chain proved the latest victim of declining footfall on the high street.
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News2 Sisters returns to underlying growth as turnaround strategy ‘gains momemtum’
Quarterly underlying profits at 2 Sisters’s parent company Boparan rose for the first time in over two years, as the chicken giant’s turnaround strategy has begun to take hold.
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NewsHenry Dimbleby to lead Defra food sector review
The Leon co-founder’s review will form part of work for a new National Food Strategy for England
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NewsCity snapshot: Golden summer boosts Greene King but 2019 trading hit by poor weather
Greene King has posted a rise in annual sales and underlying profits driven by the UK’s warm summer last year and the World Cup, but has warned its trading so far this year has been impacted by the wetter weather.
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NewsMedia Bites 27 June: Starbucks UK, Boots, General Mills
Starbucks UK has reported its first annual loss since 2013 after store closures, rising costs and the renegotiation of leases took their toll.
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NewsEuropean heatwave boosts underlying performance at Froneri
Froneri’s underlying annual profits jumped 62% last year as the ice cream giant’s sales were boosted by the summer heatwave hitting Europe last year.
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NewsHenderson Group to invest £26m on company-owned stores
The investment will include £17m on nine new-build stores and £9m for six Spar and Eurospar refurbishments
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NewsMoy Park faces investigations over chicken welfare practices
An animal rights charity says it has seen ”extreme animal suffering” at three of the poultry producer’s farms
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NewsCity snapshot: Applegreen breaks into US Mid-West
Applegreen has made its first major foray in to the United States’ Mid-West. Plus, Tesco to outline sustainability plans, first half profits dip at Wynnstay and all the rest of the latest news from the City.
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NewsMedia Bites 26 June: E-cigs, Grocery market share, Insects
San Francisco has become the first US city to block sales of e-cigarettes that have not been approved by the Food and Drug Administration.
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NewsHumane League campaign targets McDonald’s chicken welfare
The animal welfare group wants the fast food chain to publicly commit to improve the welfare of its chickens
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NewsEat 17 offers first online ordering in London
The chain has partnered with on-demand grocery startup Grocemania
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NewsWet weather washes out grocery sales growth
The wet start to the summer compared with last year’s heatwave and the run up to the men’s FIFA World Cup limited grocery market growth, according to the latest grocery market share data.
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NewsMedia Bites 25 June: Food labelling, Co-op, Boots
The government has given food businesses until summer 2021 to prepare for allergen labelling of food prepared on site.
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NewsBell Food sells German sausage business amid declining market
Swiss meat producer Bell Food has sold its German sausage unit to the Zur Mühlen Group for an undisclosed sum, amid “decline” in the market and rising pork prices.
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NewsBlack Bee Honey smashes fundraising target as it targets big four listings
British raw honey producer Black Bee Honey has raised over £120k to underpin its growth ambitions, secure listings within the mainstream grocers and develop new product ranges.
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NewsThe Lakes Distillery raises a further £2.1m of growth capital
The Lakes Distillery has raised a further £2.1m from investment manager Gresham House Strategic to fund its global growth ambitions move forwards its plans for the public listing.
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NewsBidfood to relaunch Punjab Kitchen as Simply Puree
The acquisition took place in January but was only confirmed by Bidfood’s South African parent company Bidcorp last month
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NewsCity snapshot: Carrefour sells Chinese retail business in €1.4bn deal
French retail giant Carrefour has announced it has agreed to sell its operations in China to Chinese retail group Suning.com in a €1.4bn deal. Plus, franchise retailer Cake Box has delivered 33% sales growth in its inaugural year as a listed business and all the rest of the latest news from the City.
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NewsMedia Bites 24 June: Patisserie Valerie, Waitrose, Sainsbury’s
Five people have been arrested over the Patisserie Valerie affair as the scandal over the chain’s collapse deepens.