All Finance articles – Page 176
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NewsMedia Bites 6 January: B&M, Greggs, Boots, UK Retail
The FTSE 100 discount store chain B&M European Value Retail has upgraded its profit forecast after a strong third quarter and will pay a £200m special dividend
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NewsNorthern Bloc acquires two heritage ice cream makers as it ramps up capacity at new Leeds HQ
The acquisitions of Criterion Ices and Marine Ices will boost revenues by an additional £2m
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NewsDaylesford Organic sales are up… but it’s back in the red
Scaling back up after the pandemic caused losses
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NewsMedia Bites 5 January: Kantar, Sainsbury’s, Wilko, Amazon
There’s plenty of retail news in this morning’s papers to chew over following the latest Kantar Christmas spending data, Sainsbury’s raising shop-floor pay and Wilko securing fresh funding.
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NewsCity snapshot: B&M hikes profit guidance on strong pre-Christmas trading
B&M Bargains owner B&M European Value Retail has raised its full year profits guidance after posting double-digit growth in the quarter leading to Christmas. Plus, Greggs sees ‘favourable’ Christmas trading and all the rest of the latest news from the City.
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NewsGlobal Brands takes control of Hooch, Hooper’s and Reef from Molson Coors
The three brands have been produced and distributed by Global Brands since 2012, under licence from the North American brewing giant.
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NewsCook EBITDA slumps £2m following Christmas 2021 cyber-attack
The attack ground manufacturing systems at its Sittingbourne site to a halt and prevented Cook from making and delivering food
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NewsWilko secures £40m in financing and appoints Chris Howell as chair
The household and gardens retailer has agreed a £40m two-year revolving credit facility with Hilco
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Comment & OpinionWhat is the outlook for food & drink funding in 2023?
Businesses of every size must balance their long-term objectives with short-term financial pressures this year, says Paul Doheny, UK head of corporate clients and lending, Rabobank
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NewsMedia Bites 4 January: Food prices, Aldi, Hotel Chocolat
Food prices rose by a record 13.3% in December, increasing fears that inflation may not fall as sharply in 2023 as central bankers and economists hope
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NewsCity snapshot: Soaring prices deliver record Christmas supermarket sales
Spending in supermarkets has breached the £12bn barrier for the first time this Christmas thanks to soaring inflation, new Kantar figures have revealed. Plus, the BRC-NielsenIQ shop price index shows a new record for food inflation.
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NewsUnited Wholesale Grocers pre-tax profits slump by 28% despite increased turnover
UWG said the decreased profits could be attributed to lower margin rates, due to a continuous review of its pricing and promotional strategies
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NewsWilliam Reed snaps up Retail Week and World Retail Congress from Ascential plc
It follows William Reed’s acquisitions of The London Coffee Festival and Rethink events businesses
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NewsMedia Bites 3 January: Hospitality, footfall, shop closures
All the retail and fmcg news from the last few days as 2023 gets underway.
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NewsCity snapshot: Aldi festive sales surge 26% to record high
Sales at Aldi through December jumped by 26% to a record high of £1.4bn as Christmas trading was boosted by the World Cup. Plus, Hotel Chocolat agrees new Japanese partnership and post-Christmas footfall rises.
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NewsLucky Saint raises over £10m in ‘record-breaking’ Series A round
The funding round was led by consumer and technology growth investor Beringea and venture capital company JamJar Investments
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NewsHeura announces Waitrose listing in time for Veganuary
The Spanish brand said it had grown its availability in the UK by sixfold in 2022, and that this expansion would help consumers ‘vote with their fork’
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NewsDairy exporter Somerdale sees sales and profit fall slightly post-pandemic
The exporter saw turnover fall by 3.4% to £44.3m. Meanwhile, operating profit and pre-tax profit all fell, by 13% and 12%
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NewsCity snapshot: NWF expands reach with £10m fuel oils deal as H1 trading remains ‘strong’
Specialist fuel, food and feed distributor NWF Group has reported “strong” first-half trading and announced a £10m acquisition in an update to the London Stock Exchange this morning. Plus, Greencore hands Sheffield workers a bumper pay increases ahead of Christmas
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NewsMedia Bites 22 December: fuel prices, Pret, Wilko, THG, Lidl
There’s plenty to digest in this morning’s papers, including claims that supermarkets are ‘heartlessly overcharging’ as fuel hits a festive peak.