All Finance articles – Page 160
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NewsCity snapshot: Delivery Hero first half losses near €1.5bn
German food delivery group Delivery Hero lost almost €1.5bn in its first half after rising marketing, technology and impairment costs increased its losses
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NewsMedia Bites 25 August: CO2, Asda, Lidl
The UK’s biggest carbon dioxide producer said it would close its Billingham plant in north-east England and Asda to remove best-before dates from fruit and veg.
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NewsGreen Beverages appoints Howard Prince-Wright as chairman
Prince-Wright’s career includes spells as a director at Pepsi-Cola International and as CFO of Burger King Europe, the Middle East and Africa
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NewsIceland’s debt rating downgraded as it slips to annual loss
Iceland’s debt rating has been downgraded by Moody’s as newly filed accounts show the supermarket fell to a pre-tax loss last year
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NewsTree of Life administrators seek rescue deal as 143 staff made redundant
Almost 150 employees have lost their jobs after wholesalers Tree of Life and The Health Store collapsed this week
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NewsMedia Bites 24 Aug: Co-op, Pubs, Convenience stores
Co-op, the UK’s biggest member-owned company, has appointed the first female chief executive in the organisation’s history
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NewsCity Snapshot: Tree of Life appoints administrators
Health food distributor Tree of Life has collapsed into administration after failing to secure investment needed to stay afloat.
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NewsHealth food wholesaler Tree of Life falls into administration
Health food wholesaler Tree of Life has fallen into administration following a failed attempt to secure third party investment earlier this year
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NewsMoy Park sees near 60% profit slump amid ‘challenging headwinds’
The Northern Ireland-based poultry giant saw operating profit fall by 58.1% (or £50m) to £36.2m in the face of significant cost increases in feed, utilities and labour
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NewsCity snapshot: Inflation drives grocery growth as convenience outstrips supermarket sales
Grocery sales rose 4.5% in the four weeks to 13 August as inflation drove top-line growth despite falling volumes
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NewsMedia Bites 23 Aug: Inflation, Ben & Jerry’s/Unilever, McDonald’s
UK inflation is set to top 18% in January - the highest point in more than 40 years
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NewsUnited Wholesale Scotland posts £4.9m pre-tax profit
UWS said its strong partnership with suppliers and loyal customer base had allowed it to perform strongly in a competitive market
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NewsCrediton Dairy continues to see turnover growth despite challenges
The Devon-based company saw turnover increase by 16.3% to £101.5m while profit before tax was down to £9.6m compared with £9.8m the previous year
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NewsCity snapshot: Soaring energy prices push retail SMEs close to collapse
Soaring energy costs are wider inflation are pushing consumer SMEs such as cafes, restaurants and shops to the brink of collapse, the Federation of Small Businesses has warned
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NewsMedia Bites 22 Aug: Amazon, Chicken prices, Just Eat Takeaway.com
Amazon has halted the aggressive expansion of its checkout-free convenience stores, amid disappointing sales and a bleak economic outlook
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NewsJust Eat Takeaway.com sells off €1.8bn Brazlian iFood stake
Just Eat Takeaway.com has agreed to sell its 33% stake in Brazalian food delivery operation iFood for a sum worth up to €1.8bn
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NewsSouth Caernarfon Creameries reports rise in sales and profits
Sales for the year to 31 March rose by 17% to £71.5m, while year-on-year operating profit jumped by 20.6% to £4.1m
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NewsCity News: Carlsberg sales surge but instability concerns weigh on shares
Sales at Carlsberg have soared past pre-pandemic levels as warm summer weather and the resurgent on-trade boosted performance. However, shares remain down for the year due to concerns over its second half outlook and instability in eastern Europe
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NewsLockdown-affected Redemption Foods saved in pre-pack deal
Soup maker Redemption Food Company has been rescued from administration after suffering ’significant financial challenges’ during the pandemic
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NewsEIT Food launches funding call to support innovation projects in agrifood
EIT Food will support food projects bringing innovative technology solutions to the market in response to specific challenges in the agrifood sector.