All Finance articles – Page 156
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NewsCity snapshot: Wet weather dampens UK retail sales in July
UK retail sales fell back last month as wet weather and persistent inflation hit sales volumes
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NewsFirst Milk sees sales rise by almost 40% in year of ‘profitable growth’
The dairy co-op hailed the ‘resilience’ of the business as it posted operating profits of £5.1m in its 2022/23 financial year
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NewsCity snapshot: Tyson Foods reportedly eyes China poultry exit
US meat giant Tyson Foods is reportedly exploring plans to sell off its China poultry business in the latest case of a multinational fmcg firm looking to sell key assets in the country
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NewsMedia Bites 17 August: Carlsberg, Wilko, Aldi
Carlsberg chief executive Cees ’t Hart said the brewer was “shocked” at the seizure of its Russian subsidiary by the Kremlin last month.
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NewsRegal Food Products creates one-stop shop with acquisition of Packaging ‘R’ Us
World food producer Regal Food Products has expanded into the non-food space with the acquisition of disposable packaging business Packaging ‘R’ Us
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NewsEG Group sells 63 US convenience stores to pay down debt
EG Group has agreed to sell 63 convenience stores to US convenience operator Casey’s to reduce its debt pile
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NewsKraft Heinz names Carlos Abrams-Rivera as CEO
The US food giant has announced current North American chief Carlos Abrams-Rivera will become its new CEO
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NewsHarrods hails ‘year of recovery’ after strong results
Harrods had outperformed the wider market due to its long-standing relationship with brands and customers, said CFO Tim Parker
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NewsMedia Bites 16 Aug: M&S, Asda, supermarket inflation
Marks and Spencer is on track to re-enter the FTSE 100 after the UK retailer upgraded its annual profit outlook thanks to robust sales
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NewsCity snapshot: Food price inflation register sharp slowdown in July
A sharp slowdown in soaring food and drink prices helped drive inflation down to a 17-month low in July, according to new government data. Plus, Glanbia appoints a new CEO after Siobhán Talbot retires and also reports first-half results, and Carlsberg raises profit guidance
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NewsAsda sales up 9.6% year on year as Just Essentials range drives growth
Sales were up 9.6% year on year, including a 14.7% increase in own brand sales
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NewsFrozen cocktail brand Wavey Ice hits £450k crowdfunding goal
The brand said it was forecasting sales to exceed £1.1m this year, based on its year-to-date figures
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NewsCity snapshot: Easing inflation drives grocery sales growth slowdown
UK grocery sales growth fell back sharply in July as price inflation continues to ease, according to the latest market share figures from Kantar
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NewsMedia Bites 15 August: Wilko, fuel prices, Harvey Nichols
Wilko continnues to dominate the headlines this morning.
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NewsCheese exporter Somerdale acquired by Barber’s Group
The agreement will see the cheese exporter become an subsidiary of Barber’s Group to “maintain its position as a leading exporter”
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NewsPip & Nut wins £1m backing from Greater London Investment Fund
Natural nut butter brand Pip & Nut has received a £1m funding boost to underpin NPD and further growth
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NewsWilko collapse: retailers rally to support affected staff
A number of supermarkets have invited Wilko employees to apply for roles
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NewsCity snapshot: Clean Food Group completes £2.3m fundraise
UK biotech company Clean Food Group has announced it has raised £2.3m to fund the commercialisation of its oils and fats alternatives technology
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NewsMedia Bites 14 August: Unilever, Wilko, John Lewis Partnership
The new chief executive of Unilever has pledged to look at its decision to continue operating in Russia “with a fresh pair of eyes”
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NewsFood and drink M&A boosted by distressed deals and sunnier economic outlook
The quarterly food and drink M&A report from Grant Thornton found UK industry deal volumes rose for the third consecutive quarter in the three months to the end of June