All Finance articles – Page 207
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NewsCity snapshot: Store openings drive sales increase for Poundland owner Pepco Group
Poundland owner Pepco Group has grown its full year revenues by almost 20% as significant store expansion and like-for-like sales growth despite the Covid pandemic boosted performance. Plus, boar shake-up at British Honey Co and VAT changes hit growth at Domino’s.
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NewsMedia Bites 14 October: GSK, supply chain crisis, THG, Just Eat Takeaway
Private equity groups are plotting a swoop on the consumer arm of Glaxosmithkline in what could be the biggest takeover by the buyout industry in history.
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Comment & OpinionWhy investors are getting jittery over The Hut Group
THG wants to concentrate on its Ingenuity arm, which is less well understood than its beauty business
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NewsMedia Bites 13 Oct: THG, Glaxosmithkline, Retail sales
A key investor presentation intended to soothe City jitters over The Hut Group backfired spectacularly yesterday when it was followed by a barrage of sell orders and £1.9bn was wiped from the company’s value
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NewsBird & Blend brews up expansion plans after raising £1m from the crowd
Bird & Blend Tea Co has raised more than £1m after closing its crowdfunding campaign, beating its target by £700,000
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NewsCity Snapshot: Just Eat continues to thrive as world returns to normal
Growth at Just Eat Takeaway has remained “strong” in the third quarter despite large parts of the world retunring to pre-pandemic life. Plus, THG comments on yesterday’s dramatic 35% share price fall; Nestle changes its geographic zone structure; and Kerry Group kicks off its virtual capital markets day.
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NewsKP Snacks grows sales and profits despite Covid hit
McCoy’s and Tyrrells producer KP Snacks overcame the collapse in out-of-home snacking to grow revenues and hike profits last year
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NewsAKT raises £1.5m to grow natural deodorant brand across Europe
The London-based start-up will also use the money to enhance its subscriptions, alongside its loyalty initiatives and ecommerce experiences.
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NewsGrocery sales drop as fuel crisis leads to fewer store visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, according to the latest figures from Kantar as the petrol crisis limited instore shopper numbers
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NewsCity snapshot: UK retail sales falter as fuel crisis hits confidence
UK retail sales rose by their slowest rate since the UK was in lockdown in January as fuel shortages and wet weather hit consumer purchasing
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NewsMedia Bites 12 October: CO2, inflation, beef exports, John Lewis
The aftershocks of the CO2 crisis continues to make headlines, alongside the rising cost of food heading into Christmas.
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NewsCanada’s High Tide enters UK’s CBD market with Blessed acquisition
Canada-based Hide Tide has acquired Scottish online CBD retailer Blessed as it looks to build its e-commerce presence in the UK and Europe.
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NewsCity Snapshot: Treatt sales boom post-lockdown
Drinks ingredients firm Treatt has reported a strong finish to the financial year as it benefitted from the ongoing trend for healthy living. Plus, Asos CEO Nick Beighton steps down.
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NewsMedia Bites 11 Oct: Burger King, Shrinkflation, The Hut Group
Fast-food giant Burger King’s UK division is set to float on the London Stock Exchange for about £600 million as demand rebounds from the Covid pandemic
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NewsBurton’s Biscuits posts double-digit sales jump on Covid retail growth
Burton’s Biscuit Co saw a double-digit sales jump last year as soaring exports and strong grocery retail performance mitigated closures in the food service sector
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NewsCity News: Tesco brushes off supply chain challenges with profit expectations hike
The supermarket leader hiked its full-year profits expectations
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NewsQuorn sales hit by foodservice slump and capacity constraints
Meat-free brand Quorn saw its growth hit by capacity constraints and a slump in foodservice sales last year
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Analysis & FeaturesWhat the arrival of ex-Tesco CEO Terry Leahy means for Morrisons
Will the former Tesco and B&M boss take a more hands-on role? And how will he change how the business operates?
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NewsCity snapshot: Grubhub founder Matt Maloney quits Just Eat Takeaway.com
Founder of US delivery player Grubhub Matt Maloney will step away from Just Eat Takeaway.com months after the completion of its £5.8bn acquisition.
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NewsMedia Bites 8 Oct: Fuel crisis, Nestlé, Majestic Wine
The UK’s petrol retailers have called for an independent inquiry into the fuel crisis to ensure it does not happen again