Finance news – Page 71
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NewsEmma Watson’s luxury gin brand Renais raises £5m for global expansion
Renais launched in May 2023 and has already entered the US market, as well as 11 other countries – with a distribution agreement in a further 22
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NewsDaylesford Organic owner pledges further ‘support’ as losses balloon
The business was owed nearly £3m by its supply base, according to latest annual accounts
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NewsMeadow Foods profits slow after sale to Fairfax Financial
Transaction costs of more than £3m from the sale reduced profits, however the underlying business remained ‘strong’, Meadow stressed
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NewsAldi posts record Christmas sales of £1.6bn
It capped another ‘astonishing’ year, in which Aldi overtook Asda to become the country’s second-largest supermarket by shopper numbers, the discounter said
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NewsMedia Bites 6 January: Ocado, budget fears and ‘fat cats’
Ocado gave short-sellers their biggest profit yet in 2024, due to its demotions from the FTSE 100
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NewsCity snapshot: price hikes set for 2025 as business confidence slumps
Businesses in the UK are preparing to hike prices in 2025 to deal with the “pressure cooker of rising costs and taxes”, according to a survey by the British Chambers of Commerce. Plus, looking ahead to the Christmas trading updates due this week
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NewsDriver death fine puts cidermaker Westons in the red
Westons was fined £1.4m over two health and safety breaches that resulted in a fatality
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NewsMüller takes £65m hit to profits from Milk & More sale
The dairy giant stressed the Milk & More-linked losses were a one-off with the overall performance of the business in 2023 ‘strong’
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NewsLidl’s Christmas sales top £1bn for the first time after ‘record’ December
Lidl is the first UK supermarket to reveal its 2024 Christmas results
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NewsWholegood rescued from administration in deal saving 100 jobs
Wholegood founder and CEO Carl Saxton-Pizzie said the pre-pack deal marked a ‘fresh chapter for the company after a challenging year’
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NewsUK food and drink exports tumble more than 10%
The EU remains the UK’s biggest trading partner but sales to the bloc fell due to administrative burdens from Brexit
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NewsIceland launches joint venture to sell products in Nordics
Joint venture will also explore the potential for opening retail stores once the products have gained a foothold in the market
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NewsCity snapshot: Food store sales rise for first time in three months
These numbers will give “little festive cheer for retailers” with total retail sales less than expected, raising further questions about the state of the economy
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NewsMedia Bites 19 December: Guinness, Sainsbury’s, Imperial Brands and UK strawberries
Its quiet out there in media land as we get closer to Christmas and supermarkets continue tit-for-tat price cutting on festive vegetables
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NewsCity snapshot: Unilever to sell Unox and Zwan to Dutch food group
Unilever is looking to sharpen its foods portfolio, focusing on fewer and bigger brands in categories such as cooking aids, mini meals and condiments.
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NewsSmall food and drink manufacturers see major sales boost ahead of holiday quarter
Small and medium-sized food and drink manufacturers are seeing signs of recovery after a difficult few years for the sector
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NewsMedia Bites 18 December: Inflation, Carlsberg-Britvic deal, Post Office inquiry
The Bank of England is widely expected to hold interest rates at 4.75% on Thursday
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NewsCity snapshot: UK food inflation hits seven-month high of 2%
The Institute of Grocery Distribution (IGD) forecast last week that food inflation could go up to 4.9% next year, driven primarily by higher costs for businesses due to measures in the government’s budget.
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NewsCarlsberg takeover of Britvic given go-ahead by competition watchdog
The CMA announced in September it was to open an investigation into the deal
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NewsCity snapshot: Walkers’ revenue jumps despite volume struggles
Walkers Crisps has lost more sales this year after average prices increased 4.1%, according to The Grocer’s Top Products survey.