All Finance articles – Page 200
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News2 Sisters hit by labour crisis and cost hikes
Losses almost tripled at UK chicken giant 2 Sisters last year as rising commodities costs and labour shortages hit its bottom line
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NewsCity Snapshot: UK retail sales fall as shop price inflation nears 10%
UK retail sales fell back again in June, falling 0.1% month-on-month as consumers bought fewer items at higher prices, according to the Office of National Statistics
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NewsMedia Bites 22 July: Ocado, M&S, GoPuff, Britvic, Amazon
The papers give plenty of coverage to the latest Ocado results and the surprise exit at M&S of CFO Eoin Tonge.
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NewsMackie’s at Taypack to go it alone as Taylor family take control of joint venture
Scottish food group Mackie’s has sold its holdings in the company’s premium crisp brand to its joint venture partner to focus exclusively on ice cream and chocolate.
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NewsRevive Eco smashes crowdfunding target to scale up palm oil alternative
A biotech start-up creating palm oil alternatives from used coffee grounds for the food & drink and cosmetics industries has smashed its crowdfunding target, bringing in more than double its £150k goal.
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NewsM&S buys its logistics provider Gist to accelerate supply chain transformation
M&S had launched Project Vangarde, a supply chain optimisation programme, in 2020 in order to increase efficiency across its expanding Food business
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NewsCity snapshot: Ocado falls to £211m first half loss amid retail slowdown
Ocado has posted a £211m first half pre-tax lox amid a fall in retail sales as trading was hit by tough comparatives the rising cost of living crisis. Plus Britvic posts ‘robust’ first half growth, M&S CFO to depart and all the latest news from the City.
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NewsMedia Bites 21 July: Petrol prices, inflation, Premier Foods, Royal Mail
The UK’s leading motoring organisations have accused the biggest supermarkets in the country of not passing on the drop in wholesale fuel prices to customers, with one urging the market regulator to reopen an investigation.
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NewsRollagranola rescues Primrose’s Kitchen brand from liquidation
Granola manufacturer Rollagranola is aiming to return upmarket muesli brand Primrose’s Kitchen to supermarket shelves after rescuing it from liquidation.
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NewsPremier Foods hails growth as its brands appeal to cash-strapped shoppers
Premier Foods has reported a “strong start” to the year as its stable of noodles, sauces and stock cubes helped shoppers in search of cheaper meals.
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NewsMedia Bites 20 July: Grocery market share, Hotel Chocolat, Ocado Retail
Inflation in the price of groceries is close to a record high of nearly 10%, costing shoppers an additional £454 a year at the till
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NewsCity Snapshot: Food prices rise faster than headline rate of inflation
Food and drink prices have soared higher than the headline rate of inflation in June as sharp rises in input costs fed through to supermarket shelves. Plus, Premier Foods reports a “strong start” to its financial year; and Finsbury Food Group issues a pre-close trading update.
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Comment & OpinionHotel Chocolat’s US retreat has dismayed the City, but the long-term plan is key
The decision to ‘de-risk’ the multinational chocolate business sent shares falling to an all-time low this morning
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NewsCity snapshot: Supermarket sales return to growth amid soaring inflation
Grocery sales returned to modest growth over the past 12 weeks for the first time in more than a year as inflation soared to almost 10%
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NewsMedia Bites 19 July: GlaxoSmithKline, Deliveroo, petrol prices
GSK’s consumer health spin-off Haleon has become the largest London listing in more than a decade on its first day of trading, making the owner of Sensodyne toothpaste and Panadol painkillers the world’s biggest standalone consumer health business.
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Comment & OpinionCan Deliveroo find a way through its ‘headwinds’ to deliver on profitability?
The delivery giant has downgraded its sales forecasts, prompting another fall in its share prices
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NewsRising costs trigger surge in profit warnings in first half of 2022
A record number of grocery stocks issues profits warnings in the first half of 2022 as spiralling costs squeezed margins and consumers tightened purse strings.
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NewsCapVest enters confectionery market with acquisition of Natra
Established in 1943, the Spanish company specialises in cocoa ingredients and chocolate products for private label and co-manufacturing for other brands.
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NewsMedia Bites 18 July: Starbucks, Fever-Tree, Haleon/GSK
Starbucks is exploring a potential sale of its UK operations as it faces rising costs and competition from newer operators
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NewsCity snapshot: Deliveroo slashes sales outlook as cost-of-living crisis squeezes consumers
Top story Deliveroo has downgraded its sales forecasts for the year as squeezed consumers cut back their spending on takeaways. In a trading update, the group revealed gross transaction value (GTV) growth for the second quarter plunged to just 2%, compared with 12% in the first three ...