All Finance articles – Page 165
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News‘No third-party interest’ in insolvent East London Liquor Co prior to pre-pack sale
The business had explored other avenues before being sold to existing management
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NewsMedia Bites 24 January: Premier Foods, ABF, P&G
Premier Foods said selected discounting helped drive strong Christmas sales growth and there are plans for more price cuts ahead
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NewsCity snapshot: East Imperial Superior Beverages raises funds to take on growth markets
Premium tonic maker East Imperial has raised £325k to boost working capital and help realise growth opportunities in the US and Asia Pacific markets
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NewsBreal Group denies interest in ailing North Brewing Co
The denial comes despite Breal changing the name of one of its holding companies to North B Co Limited
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NewsCity snapshot: Premier Foods sales jump after ‘biggest ever’ Christmas
Premier Foods posted strong double-digit growth in its third quarter, boosted by its “biggest ever Christmas” and significant market share gains. Plus updates from ABF, Chappel Down and Marston’s.
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NewsMedia Bites 23 January: Morrisons, baby formula, VBites, Virgin Wines
Morrisons is closing in on a £2.5bn deal to sell its petrol forecourts portfolio to another company backed by its private equity owner, according to reports.
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Comment & OpinionWill Harry Kane help bone broth hit the big time?
When Harry Kane was named as one of the high-profile investors in bone broth startup Freja this week, he drew attention to a long-standing, yet niche, food category
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NewsHeather Mills strikes rescue deal for VBites
Heather Mills has bought the assets of her collapsed plant-based VBites empire from administrators in a rescue deal worth £1m, The Grocer can reveal
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NewsMedia Bites 22 January: Retail sales, Sainsbury’s, shrinkflation
British retail sales plummeted in December, marking the biggest decline in nearly three years and raising the risk that the UK economy has slipped into a technical recession
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NewsCity snapshot: Virgin Wines celebrates ‘good’ Christmas
Virgin Wines UK has hailed a “good” Christmas and revealed a “significant” improvement in profitability during its first half. Plus, catering giant Compass has agreed a £475m deal to acquire hospitality firm CH&CO
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NewsCity news: Ocado shares under pressure despite ‘record’ Christmas
Ocado Retail’s return to double-digit growth, a “record” Christmas and – most notably – a move back into the black were all good news this week.
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NewsPrinces profit drops as sale nears completion
Canned food giant Princes suffered a sharp drop in profitability last year despite a £300m sales boost
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NewsVibrant Foods back in growth as transformation takes effect
World foods specialist Vibrant Foods is back in growth following a £30m refinancing
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NewsWyke Farms defies inflation challenges to post £11m profit
The West Country-based cheese and butter maker delivered a 68.4% rise in operating profits to £10.9m in the year to 31 March 2023
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NewsCity snapshot: Christmas retail sales plunge as consumers cut back
Retail sales slumped by 3.2% in December, which was the worse monthly drop since the depths of the coronavirus pandemic, as consumers cut back in the run-up to Christmas.
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NewsMedia Bites 19 January: Sainsbury’s, Naked Wines
Sainsbury’s move to pull out of financial services as part of its latest strategy is the main story in focus in this morning’s papers.
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NewsInnocent losses soar as £200m factory needs more investment
Revenues declined by £15.6m – a 3.5% fall year on year – to £426.2m in the 12 months ended 31 December 2022, according to newly filed accounts
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Comment & Opinion‘We told you so!’ Why booze duty hike drove inflation rise
Industry figures warned duty changes in the summer would drive prices up. Now that chicken is coming home to roost
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NewsYeo Valley boosted by diversification and milk prices
The organic dairy supplier increased turnover by 22% to to £315.9m for the year to 28 May 2023
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NewsSainsbury’s shakes up leadership team as Paula Nickolds leaves
Paula Nickolds will leave to become CEO of The White Company