All Finance articles – Page 244
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NewsMedia Bites 8 Nov: Yo! Sushi, Weetabix, M&S
he company behind the sushi chain Yo! has halted plans for a £750m stock market listing amid growing unease among investors
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NewsCity News: Sainsbury’s bumper profits not enough to offset Argos concerns
Continued strong grocery performance was not enough to reassure investor concerns over increasing costs and tumbling Argos sales.
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NewsTunnock’s profits crash after missing pandemic biscuit boom
The business ceased production at its Uddingston factory in South Lanarkshire on 24 March 2020 for six weeks.
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NewsCoconut Collaborative sees sales grow by 29%
The yoghurt alternative brand’s sales rose from £11.9m in 2019 to £15.2m in 2020.
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NewsGood Club plans bigger £6m raise for zero-waste push after bagging £1m from the crowd
The business intends to use the cash to grow its range of products in reusable packaging to 50% of total sales, up from 23% currently.
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NewsCity snapshot: Nichols upgrades profits on stronger than expected sales rebound
Vimto supplier Nichols has upgraded its full year growth expectations for the 2021 calendar year after a stronger than forecast rebound in sales following the ending of Covid restrictions
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NewsMedia Bites 5 November: Sainsbury’s, M&S, BoE
The papers focus on the latest Sainsbury’s results and the Bank of England’s decision to hold interest rates.
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NewsFuture Farm seals £42m funding round to extend into plant-based drinks
The business, which launched in the UK in January 2020, is now valued at more than $400m and growing at 960% a year in Europe.
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NewsCity snapshot: Sainsbury’s profits jump despite second quarter sales slowdown
Sainsbury’s has posted a strong rebound in first half profits on continued grocery growth despite a wider like for like sales slowdown in its second quarter
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NewsMedia Bites 4 November: Labour shortages, Pets at Home, EG Group, John Lewis
The UK poultry industry expects to take up only about half of the 5,500 emergency visas announced by the government ahead of Christmas, after turkey farms cut production and recruited some workers locally.
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NewsMondelez upgrades sales outlook as it hikes prices to battle inflation
Cadbury owner is the latest fmcg giant to highlight the role of price increases as the industry continues to battle inflation
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NewsEG Group expands US empire with Sprint acquisition
The deal – for a reported $300m – pushes the Blackburn-headquartered group into two new states taking its presence in the US to more than 1,750 sites across 33 states.
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NewsFix8 kombucha rescued from liquidation by sale to Global Tea
The two businesses were a “natural alignment”, said Fix8 founder Freya Twigden
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NewsMedia Bites 3 Nov: THG, EG Group, Morrisons
Shares in the Hut Group hit an all-time low on Tuesday after it emerged that BlackRock was halving its stake in the online retailer
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NewsCity Snapshot: Pets at Home boss Peter Pritchard to leave pet care retailer
Pets at Home Group CEO Peter Pritchard is to leave the retailer after 11 years with the business. Plus, Coca-Cola HBC reports strong Q3.
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NewsJohn Lewis Partnership takes on new £420m credit linked to environmental targets
The new credit is set to support the group’s current sustainability commitments
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NewsCity snapshot: HelloFresh raises growth expectations on continued strong sales
Meal kit supplier HelloFresh has upped its full year sales forecast after continued strong customer and revenue growth in its third quarter
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NewsMedia Bites 2 November: THG, Coca-Cola
THG’s troubles look set to continue as BlackRock prepares to sell 55 million shares, while Coca-Cola is to buy the remaining stake in Body Armor that it did not already own for $5.6bn.
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NewsRe:Nourish ramps up global ambitions in £2m funding round
The investment will be used to spearhead the latest launches into the Middle East, Far East and other territories
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NewsCoca-Cola agrees $5.6bn takeover of sports drinks brand BodyArmor
Coca-Cola has taken full control of sports drinks group Body Armor for $5.6bn (£4.1bn) after identifying further “significant potential” for long-term growth.