All Finance articles – Page 147
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NewsMedia Bites 16 October: chocolate, THG, shoplifting
The current market is tough for chocolatiers, but they are hoping for a happy Christmas this year thanks to the revival of a number of classics and recent sales figures that suggest this could be a bumper festive season.
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InterviewsChapel Down CEO Andrew Carter on comebacks, climate change and raising capital
Nearly a decade after a tumultuous exit from one of wine’s biggest players, Andrew Carter is fizzing with excitement at the opportunities presented by English sparkling
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NewsCity snapshot: British American Tobacco fills new role of chief people officer
British American Tobacco has appointed Cora Koppe-Stahrenberg to the new role of chief people officer.
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NewsQuorn owner hit by cost hikes and falling demand in meat-free
Quorn parent Marlow Foods has plunged into the red as soaring costs, falling demand for plant-based in supermarkets and one-off redundancy charges hit the Monde Nissin-owned group.
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NewsHeinz profits increase despite Tesco dispute
Heinz has recorded bumper profits in the year it pulled products from Tesco shelves after a row over price rises.
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NewsMedia Bites 13 October: vaping, Boots, Finsbury Food
The UK has launched a consultation into restricting the sale of vapes, as both major political parties support imposing much harsher rules on the sale of enticing disposable e-cigarettes that have soared in popularity among children.
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NewsWhitby Seafoods abandons Kilhorne Bay acquisition plans
The scampi supplier said resources required to engage in the next phase of the investigation were ‘out of proportion to any potential benefit from the deal’
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NewsRobson-Kanu shots brand The Turmeric Co nets £1m for global push
The Turmeric Co, the functional shots challenger launched by footballer Thomas Hal Robson-Kanu, has closed a Series A fundraise to support global growth
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NewsMoy Park takes major knock to profitability as high inflation bites
The processor said cost rises continued into 2023
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NewsCity snapshot: Hotel Chocolat back on the front foot after year of losses
Hotel Chocolat’s boss said the high-end confectionery chain is back “on the front foot” as it rolls out its new experience-led store format. It comes after a year of losses as the group restructured its international business.
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NewsMedia Bites 12 October: CBD, LVMH, GSK
UK food regulators have slashed the recommended safe daily dose of cannabidiol (CBD), a cannabis extract present in thousands of high street products from muffins to coffees, citing a risk of liver damage and thyroid issues.
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NewsSelfridges losses narrow as footfall returns to stores
Sales grew as shoppers returned to its flagship stores in London and Manchester
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NewsBlue Ocean owes suppliers £3m as it heads for liquidation
Third-party distributor Blue Ocean is on the brink of collapse and is set to leave suppliers facing losses of almost £3m, The Grocer has learned
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NewsWhole Food Earth adds Raw Gorilla to healthy foods portfolio
It marks the family-run business’s second deal in 10 months, following the revival of collapsed online supermarket The Vegan Kind in December
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NewsMedia Bites 11 October: Grocery inflation, PepsiCo, Greencore
The pace of grocery prices inflation has slowed to its lowest rate in 15 months, with the average cost of a pack of butter now 16p less than a year ago
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NewsCity snapshot: Marston’s flags strong performance for new strategy
Pub group Marston’s has increased like-for-like sales by 10.1% in the year to 30 September thanks to a “strong” performance for food and drink.
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NewsLosses widen at Innis & Gunn as rising costs hit profitability
The cost of energy was cited as a significant factor in the brewer’s losses
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NewsVFC Foods expands plant-based offering with acquisition of Clive’s Purely Plants
VFC’s move follows the rescue of Meatless Farm in June
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NewsCity snapshot: Supermarket sales growth rebounds despite falling inflation
Grocery price inflation fell for the seventh month in a row to 11% last month as take home grocery growth rose to 9.1%.
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NewsMedia Bites 10 October: Ultra-processed foods, Labour, grape harvest
Ultra-processed foods including chocolate bars should be labelled as “addictive substances” to help tackle soaring global obesity rates, a team of scientists have argued.