Finance news – Page 94
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NewsAsda promises to open more checkouts, improve availability and make stores cleaner
Announcing its Q2 results today, the supermarket revealed revenue excluding fuel was down 2.2%, with like-for-like sales down 5.3% over the period
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NewsC&C Group to work with activist investor on board appointment
Engine has been a vocal critic of C&C Group’s leadership
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NewsCity snapshot: Deliveroo moves to first-half profit amid ‘encouraging’ consumer pick-up
Online delivery giant Deliveroo has posted a first-half profit after returning to order growth in the period amid ‘encouraging signs’ in consumer behaviour
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NewsMedia Bites 8 August: Ocado, Twitter/Unilever/Mars, Coca-Cola
Ocado is testing offering everyday products such as pasta, rice and washing liquid in refillable packaging
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NewsCinven invests in Swedish sports nutrition player Vitamin Well
Private equity player Cinven has become the lead investor in Swedish sports nutrition and drinks specialist Vitamin Well
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NewsCoca-Cola invests in climate startup turning wastewater into clean electricity
Coca-Cola Europacific Partners’ business innovation arm, CCEP Ventures, led an £800k investment round for Pipeline Organics
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NewsCity snapshot: CCEP boosted by Asia-Pacific growth to mitigate European volume decline
GB Coke bottler Coca-Cola Europacific Partners has posted a rise in underlying first-half problems despite poor weather in Europe, as growth in south east Asia and Australia boosted performance
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NewsMedia Bites 7 August: Domino’s Pizza Group, Coca-Cola, Klarna
Domino’s Pizza downgraded its full-year profit forecast as consumers grappling with cost of living pressures held back on spending
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NewsNix & Kix seeking fresh investment months after crowd raise
Nix & Kix is looking for a buyer to inject fresh capital into the soft drinks challenger just months after raising additional cash from the crowd
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NewsTreasury Wine Estates to offload Wolf Blass, Blossom Hill and other mainstream brands
Combined, the brands make up less than 5% of the company’s profits
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NewsCity snapshot: summer boosts food and clothing sales
UK retail sales were back in growth in July after a poor June as the advent of summer and warmer weather boosted food and clothing sales
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NewsMedia Bites 6 August: Mars/Kellanova, Treasury Wine Estates, Haleon
Mars is in talks to buy Pringles and Pop-Tarts maker Kellanova in what would be one of the year’s biggest takeovers.
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NewsOther World Wines in ‘six-figure’ fundraise to champion under-represented wine nations
The round has the backing of angel investors including long-time Laithwaites Group CFO Jimmy Weir
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NewsKnoops raises £5m from Julian Metcalfe and other industry titans
Metcalfe joins the board of the company as a non-executive director alongside Alice Avis, former CEO and chairwoman of the Sanctuary Spa Group, who also invested as part of the round
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NewsPerfectTed secures another £1m in Steven Bartlett partnership
PerfectTed has secured a fresh £1m in funding from Steven Bartlett as the Dragons’ Den star doubled down on his investment in the rapidly growing energy drink brand
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NewsMaster of Malt founder buys back Atom Group from AB InBev
Atom Group was acquired by AB InBev’s ZX Ventures in 2018
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NewsTofoo Co benefits from demand for natural plant-based brands
The Tofoo Co has defied wider declines in meat alternatives as shoppers shun ultra-processed options in favour of more natural ingredients
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NewsCity snapshot: Warmer climate helps English wine production boom
Sales of UK wines continue to boom thanks to rising temperatures and better yields, according to accountancy group UHY Hacker Young
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NewsMedia Bites 5 August: food imports, English wine, Knoops
Imported food coming into the UK through Brexit border posts is being sent back to Europe to be tested due to a lack of laboratory capacity in Britain
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NewsCity News: Diageo boss ‘fighting for job’ as share price plunges again
Another weak market update and share price plunge this week will have left the beleaguered new CEO of Diageo Debra Crew “fighting to keep her job”, according to analysts