All Finance articles – Page 205
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NewsFood prices climb higher as soaring costs slams industry
Food inflation has ramped up to its highest level since November 2020 as spiralling costs led to higher prices on supermarket shelves, with fresh food becoming more expensive for the first time in ten months.
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NewsMedia Bites 27 Oct: THG, Reckitt Benckiser, Morrisons
Another £1bn was wiped off THG’s market value yesterday as investors seized on signs of slowing growth and margin pressure
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NewsCity Snapshot: Heineken warns of price rises as it battles on several fronts
Dutch brewing giant Heineken is the latest fmcg group to warn of higher prices in the face of rising costs and supply chain challenges as volumes slumped in its third quarter. Plus, Morrisons shares have been delisted from the London Stock Exchange, with a number of the board stepping down; food inflation accelerates in October; and Kerry Group updates on Q3.
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NewsPurearth lines up healthy £650k crowdfunding round
Launched in 2012 by Angelina Riccio and Tenna Anette, the business specialises in organic health drinks, from ‘immune boosting’ wellness shots and plant-based broths to nut milks, cold-pressed juice, cleanse programmes and a dairy-free ‘water kefir’ range, which it claimed as a UK first.
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NewsCity snapshot: Reckitt raises sales expectations as cold and flu sales rebound
Reckitt Benckiser has raised its full year revenue forecast after a stronger third quarter than expected as sales volumes and pricing both increased in the period. Plus, THG strenghtens board as third quarter growth slows.
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NewsMedia Bites 26 October: Just Eat Takeaway, HGV crisis, living wage, Tesco
A top investor of Just Eat Takeaway has launched another attack, urging the food delivery company to sell its recently acquired Grubhub to improve the group’s share price.
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NewsAllplants to use ‘record-breaking’ funding to scale up
Frozen vegan meals brand Allplants has announced plans to scale up further after securing a third record-breaking funding round
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NewsHealthier doughnut brand Urban Legend closes first multimillion-pound fundraising
Urban Legend is the first brand to be launched by former Graze CEO Anthony Fletcher’s Believe in Science
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NewsMedia Bites 25 October: Tesco, Beyond Meat, Sainsbury’s
Tesco has been hit by hackers, leaving thousands of frustrated shoppers unable to buy groceries online at Britain’s biggest supermarket
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NewsCity Snapshot: Tesco website back online after weekend cyber attack
Tesco has fixed the issues plaguing its website and app over the weekend, with the online service back up and running again today.
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NewsNestlé leads the pack of consumer giants growing despite inflation
Global fmcg players proved this week mounting inflation is not necessarily a barrier to growth, but warned that consumers will have to get used to higher prices
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NewsKanes Foods reports £12m pandemic hit but says sales have bounced back
Salad bowl and prepared veg supplier Kanes Foods suffered a £12m drop as the pandemic ravaged the food-to-go sector, but is now trading above pre-Covid levels
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NewsLabour and supply chaos reflected by profit warning hike
Overall, 65% of consumer-facing profit warnings cited cost or supply issues in the third quarter
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NewsCity snapshot: Sainsbury’s scraps £200m sales process for banking arm
Sainsbury’s has announced it has halted talks around a possible £200m sale of its financial services arm. Plus, UK retail sales fall in September and Rémy Cointreau sales bounce back.
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NewsMedia Bites 22 Oct: Unilever, Just Eat Takeaway.com, Fuel crisis
Unilever has warned that inflation could worsen next year as raw material and energy costs push up the prices of its food, toiletries and cleaning products (The Guardian). Unilever pushed up prices for its products by more than 4% in the third quarter as the global consumer ...
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NewsCity snapshot: Unilever sales volumes fall as it hikes prices
Unilever’s underlying growth fell back to 2.5% in the third quarter as sales volumes fell back as the consumer giant hiked prices. Plus, Pernod Ricard rebounds on hospitality reopenings and all the rest of the latest news from the City.
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NewsMedia Bites 21 October: Nestlé, Asda/EG, THG, Deliveroo
Nestlé upgraded its full-year sales guidance for the second time after the world’s largest foodmaker pushed up prices for products from pet food to ice cream (The Financial Times £). The Lex column in The Financial Times (£) says “a focus on premium products should help Nestlé ...
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Comment & OpinionThe agile giants: how Nestlé and P&G demonstrate the power of being big
Two of the fmcg market’s largest players have provided further evidence of the growing benefits of scale
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NewsOto soars past £2m crowdfunding target as it eyes global CBD growth
Health and wellness CBD brand Oto has smashed a £2m crowdfunding target as investors are increasingly attracted to the rapidly growing cannabidiol market
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NewsCity Snapshot: Nestlé enjoys ‘strong’ organic growth thanks to price hikes and return of OOH
Rising prices, continued elevated demand at supermarkets and a recovery in the out-of-home channel has helped Nestlé boost organic growth by 7.6% in the first nine months of 2021. Plus, Deliveroo updates on Q3; and UK inflation rate slows down in September.