Finance news – Page 83
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NewsBoots’ digital performance fuels quarterly growth of 6.2%
It was Boots’ 14th consecutive quarter of market share growth
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NewsJohn West suffers first loss since 2010 after absorbing price hikes
John West had tried raising prices but suffered a consequent fall in volumes
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NewsGuinness Covent Garden brewery delayed until 2025
The £73m project has stalled after its main contractor’s collapse in the summer
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NewsApplied Nutrition hopes for £400m valuation as Mohsin Issa commits to IPO
Applied Nutrition has revealed Asda owner Mohsin Issa is committed to the group’s upcoming London IPO, which will see the sports supplements brand valued at up to £400m
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NewsMedia Bites 15 October: Menzies, Gail’s, Greggs, Wine Society, 7-Eleven
Gail’s CEO Tom Molnar recalls how 20 years ago, the idea of having more than five branches would have seemed fanciful
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NewsCity snapshot: Agronomics invests $2m in Liberation Labs
London listed lab-grown meat investor Agronomics has invested a further $2m (£1.5m) in Liberation Labs
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NewsAlara Wholefoods transfers ownership to employees
The business, which makes a range of organic muesli, porridge and bircher, formally moved into the employee-owned trust scheme this week
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NewsVibrant Foods losses improve as turnaround progresses
Losses have narrowed significantly at Vibrant Foods as the private equity-backed group made progress in a turnaround attempt
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NewsMedia Bites 14 October: Waitrose’s James Bailey, Home Bargains, Energy bills and farming
Waitrose executive director James Bailey traces his love for the upmarket retailer back to his mum taking him to the Eastbourne branch as a six-year-old
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NewsCity snapshot: Golden quarter set to shine for retailers
Retailers can look forward to the strongest golden quarter since before the pandemic despite gloomy consumer confidence levels, according to a panel of industry experts
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NewsSainsbury’s shares slump as Qatar Investment Authority reduces stake
Qatar’s sovereign wealth fund is selling stock in the supermarket worth £306m, reducing its holding by about 5%
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NewsUnitas Wholesale appoints new finance director Nick Shaw
Shaw will join a reconfigured executive team at the buying group
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NewsMedia Bites 11 October: UK economy back in growth, workers reforms
The UK economy has returned to growth in August
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NewsCity snapshot: THG raises £95m to progress Ingenuity spin-off
THG has raised £95.4m from shareholders to help fund its planned demerger of the Ingenuity DTC platform. Plus, the group also published Q3 results
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NewsSoft drinks challengers Nix & Kix and Square Root find rescue deals
Soft drink challengers Nix & Kix and Square Root Soda have secured rescue deals to ensure the survival of the brands after being hit by challenging headwinds in the category
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NewsGreencore investors show continued appetite for shares
Shares in Greencore shot up 10% this week as another profits upgrade led to analysts in the City raising their target prices for the stock
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NewsUnilever finally completes exit from Russia
Unilever had previously resisted calls to exit Russia
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NewsFreshways continues bounceback with 435% leap in profits
Sales also climbed, by 3% to £359m, according to the supplier’s 2023 accounts
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NewsFWD to offer extra funding in revamped bursary
The FWD’s Fellowship Fund has been renamed and given extra funding
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NewsWhole Foods Market UK losses narrow after value push
The Amazon-owned grocer began a value campaign in 2023 in a bid to lure UK shoppers to its stores