All Finance articles – Page 247
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NewsMorrisons £7.1bn CD&R takeover wins backing from shareholders
Shareholders in Morrisons have given the all-clear for the £7.1bn takeover by Clayton, Dubilier & Rice (CD&R) takeover to go ahead at a general meeting
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NewsP&G faces $2.1bn commodity hit as first quarter margins slide
US consumer giant Procter & Gamble has posted a 5% rise in first quarter net sales, but warned it faces a $2.1bn headwind from higher commodity prices and a further $200m due to freight costs.
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Comment & OpinionAs BrewDog delays its IPO, should it consider abandoning flotation altogether?
Arguably, subjecting BrewDog to the rigorous checks, balances, standards and scrutiny of being a plc could neuter the brand
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NewsProfit warnings rise in grocery industry as supply chain challenges bite
Profit warnings by UK listed companies in consumer-facing sectors, including retail and grocery producers, accounted for more than a third of those issued between July and September
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NewsCity snapshot: Grocery growth falls back as consumers tighten belts amid wider inflation
Grocery sales fell 0.7% in the four weeks to 9 October as UK consumers rebalanced spending priorities amid rising energy and fuel costs, according to Nielsen. Plus, McBride issues further profits warning on mounting costs.
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NewsMedia Bites 19 October: Tesco, Asda/EG Group, THG
Tesco is taking on Amazon as it opens its first checkout-free store in central London, while Asda and EG call off sale of forecourts business.
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NewsDTC petfood specialist Butternut Box sees sales more than double
Dogfood subscription specialist Butternut Box saw revenues surge by 114% to more than £23m last year
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NewsNorthern Monk triples production after seven-figure cash injection
The craft brewer has installed a BrauKon 60 hectolitre brewhouse with funding from HSBC, meaning it will be able to boost production capacity by 280%
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NewsCity Snapshot: THG boss gives up ‘golden share’
The Hut Group has announced it intends to remove the ‘golden share’ held by founder, CEO and executive chairman Matthew Moulding in an effort to restore City confidence after a disastrous few weeks for the company.
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NewsMedia Bites 18 Oct: THG, Morrisons, Impossible Foods
The founder of The Hut Group is poised to give up his “golden share” in the company after a sharp fall in its share price
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NewsAllplants eyes global growth following ‘record-breaking’ funding round
Plant-based meal delivery service Allplants has secured a third record-breaking funding round to help the business keep up with booming customer demand for vegan products.
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News‘Not a great day’ for THG as investor confidence collapses
THG shares were already on a starkly bearish run, having dropped from 685p in early September to 456p at the start of the week
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NewsSt Pierre Groupe sees growth in UK rocket
UK growth at St Pierre Groupe continues to accelerate, outpacing its success in the US, as a raft of new listings continue to bear fruit
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NewsAt-home cooking boom drives soaring sales and profits at Filippo Berio
New accounts state Covid had a ‘significant positive impact’ on the business
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NewsCity snapshot: Compass Group makes global net zero commitment
Catering giant Compass Group has announced a new commitment to reach net zero greenhouse gas emissions across its global operations and supply chain by 2050
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NewsMedia Bites 15 Oct: THG, Domino’s Pizza, Boots
Crisis-hit THG needs an ‘independent and credible voice’ in the boardroom to restore investor trust
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NewsHighland Spring: logistics crisis slowing recovery from Covid
Bottled water brand Highland Spring has blamed the logistics crisis for inhibiting its sales rebound from a Covid-depressed 2020
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NewsTapp’d drinks to crowdfunding success
Handcrafted ready-to-drink brand Tapp’d Cocktails has beaten a £200k crowdfunding target as it gets set to expand its reach with a nationwide supermarket listing.
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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.