All Finance articles – Page 184
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NewsSainsbury’s commits to investment in price despite profit drop
Sainsbury’s has vowed to continue its investment in price despite soaring food price inflation eating into first-half profits
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NewsMedia Bites 4 Nov: Sainsbury’s, UK recession, Christmas ads
Sainsbury’s profits have tumbled as it kept down prices to compete with Aldi and Lidl
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NewsCity snapshot: Sainsbury’s sales bounce back to growth but profits slide on investment in price
Sainsbury’s has posted an improved second quarter sales performance, but profits were hit by investment in price amid soaring inflation
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NewsMedia Bites 3 Nov: British American Tobacco, Smurfit Kappa, Mars
A dark cloud hung over British American Tobacco’s shares after a broker’s downgrade stoked fears that the cigarette maker will take a more conservative approach to shareholder returns
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Comment & OpinionBusinesses must start compiling the evidence for further energy support
Any sector looking for support beyond April will need to make a compelling, evidence-based case, says Mary Starks, partner at Flint Global and former executive director of OfGem
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NewsCity snapshot: Food price inflation hits new record high of 11.6%
Food price inflation has soared to its highest level on record, according to the month BRC-Nielsen IQ Shop Price Index
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NewsNourished Communities receives £200k backing to underpin growth
North London community food hub and online grocer Nourished Communities has received a six-figure investment as it continues to roll out the business across the capital
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NewsMedia Bites 2 Nov: Morrisons/McColl’s, Ocado, Food price inflation
Morrisons has said that it will close 132 lossmaking McColl’s convenience stores that it bought this year, putting about 1,300 jobs at risk
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NewsDriscoll’s completes Berry Gardens acquisition
Driscoll’s said the acquisition of the UK’s largest supplier of berries would help it to ‘become the world’s berry company’
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NewsCity snapshot: Ocado enters South Korea with Lotte Shopping partnership
Ocado shares have leapt after signing a deal with South Korean consumer conglomerate Lotte Group to roll out its technology in the country
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NewsAdonis raises seven-figure sum to take keto snacking mainstream
Functional snacking brand Adonis has raised more than £1m in an effort to gain market share as demand for keto products grows in the UK
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NewsRoam wins crowd backing to push sustainable sexual wellness brand into retail channel
Sexual wellness challenger Roam has raised almost £2m from the crowd as it prepares to expand beyond the DTC into retail.
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NewsMedia Bites 1 Nov: Wheat prices, Turkey shortages, EU inflation
Wheat and other wholesale food costs have risen sharply after Russia withdrew from an export deal designed to ensure crucial supplies flow from war-torn Ukraine
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NewsCity snapshot: Asda completes £438m Co-op forecourts acquisition
Asda has completed the acquisition of 132 forecourts and retail sites from The Co-op to underpin its strategy to enter the convenience retail space
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NewsMedia Bites 31 October: Harrods, Allwyn/Camelot, Insolvencies
Harrods swung back into profit earlier this year as shoppers splashed out again following the relaxation of pandemic restrictions
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NewsCity News: Unilever improves forecast but warns of further inflation
Unilever upped its full-year growth forecast this week as double-digit price hikes continue to drive strong organic growth – but investors reacted cautiously amid warnings of further inflation.
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Comment & OpinionFood stores are no longer a safe investment, but opportunities remain
Different assets and business models need to be understood if an investor is going to acquire successfully in the sector, says Richard Curry, head of retail and Martin Carey, head of commercial at Rapleys
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NewsCity snapshot: Danone raises guidance on price-driven growth
Danone has raised its full year growth forecast after experiencing strong third quarter growth driven by a double-digit rise in pricing
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NewsMedia Bites 28 October: Unilever, Amazon, M&S
The papers report on Unilever hiking prices by record levels and a share rout at at Amazon as the tech giant forecasts a Christmas slowdown.
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NewsSt Pierre swallowed by world’s biggest baker Grupo Bimbo
The deal is expected to accelerate the already rapid growth of the brioche maker in the US and fuel further international expansion