Finance news – Page 559
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NewsGousto investors pump another £10m into recipe kit growth
Existing backers BGF Ventures, Unilever Ventures, MMC Ventures and the Angel Co-Fund all contributed to the latest round
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NewsMedia Bites 4 November: Morrisons, Tate & Lyle, Marks & Spencer
Amid all the excitement over the High Court ruling that the triggering of Article 50 must be debated by Parliament, the papers still find room to take a look at Morrisons’ positive third quarter results.
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NewsCity snapshot: Kraft Heinz sales decline as consumers search for healthier food
Sales have continued to decline at Kraft Heinz as the newly merged giant struggled against currency headwinds in Europe and shifting consumers tastes.
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NewsMüller to close Chadwell Heath under plant upgrade strategy
The dairy giant plans £100m-plus modernisation of Milk & Ingredients and Yogurt & Desserts businesses
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NewsInnis & Gunn raised £1m in three days as beer lovers flock to buy a stake
The craft brewer is planning to overfund to raise more money to accelerate the rollout of Innis & Gunn pubs in England and North America.
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NewsBoparan Holdings sales and profits rise in ‘tough’ market
2 Sisters Food Group owner reports good progress and performance across business
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NewsBristows and Tuckers bonbon maker saved from administration
Almost 75 jobs have been saved thanks to a rescue deal at the historic bonbon and toffee manufacturer behind the Bristows and Tuckers brands.
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NewsMorrisons' fourth quarter results: what the analysts say
Morrisons shares were up 1.6% to 224.8p this morning on the news
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NewsMedia Bites 3 November: Labour shortage, Food price inflation, Petrol prices
The UK’s food industry is facing the worst labour shortage for at least 12 years as farmers, manufacturers and processors struggle to find enough workers to prepare for the Christmas rush, writes The Guardian.
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NewsCity snapshot: Morrisons posts fourth consecutive quarter of like-for-like sales growth
Morrisons has reported its sales grew 1.6% on a like-for-like basis (ex fuel) in the 13 weeks to October, which represents its fourth consecutive quarter of like-for-like sales growth.
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NewsThistle Seafoods nets funding deal for growth
Scottish seafood manufacturer Thistle Seafoods has agreed a multimillion-pound bank funding package to grow at home and abroad.
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NewsOrnua expands US footprint with ingredients acquisition
Irish dairy Ornua has acquired a US ingredients business from MCT Dairies as it seeks to expand its presence in America.
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NewsUp to 400 jobs at risk at 2 Sisters factory in South Wales
Packing operation run by St Merryn Foods in Merthyr Tydfil “no longer sustainable” after a strategic review
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NewsShoppers still prefer high street for valuable purchases
A report by Barclays also showed a growing demand for high street shops to adapt to modern technology
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NewsCo-op deal to purchase My Local stores nears CMA approval
The CMA said it had received reassurances from the Co-op over one store affected by competition concerns
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NewsMedia Bites 2 November: Conviviality, Brexit, food waste, Asda
Conviviality triples sales after trio of deal; Nick Clegg warns that UK chocolate could be banned from Europe; and Asda food delivery truck hygiene found wanting.
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NewsCity snapshot: Food prices continue to fall despite Brexit
Food prices continued to fall in October as grocers slug it out in fresh produce aisles, but ambient products move closer to inflationary territory, according to latest BRC-Nielsen index …
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NewsFirst Milk slashes annual loss after large-scale restructure
First Milk slashed its net loss by £23m and returned to operating profit last year after stripping back its operations and selling loss-making businesses.
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NewsKellogg sales fall as challenging UK market bites
US food giant Kellogg has blamed tough conditions in UK supermarkets for its seventh successive decline in quarterly sales.
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NewsDrunken Berries achieves Tesco BackIt funding target
The mixer lineup is made with gin and brandy blended with puréed berries