All Finance articles – Page 268
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Comment & OpinionAs PMI eyes ‘healthcare and wellness’, could Marlboro Man be saddling up for his last ride?
CEO Jacek Olczak told the Mail on Sunday it could stop selling cigarettes in the UK in as little as 10 years’ time
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NewsMedia Bites 26 July: Pingdemic, Morrisons, Philip Morris
An emergency government plan to prevent the spiralling “pingdemic” from hitting food supplies has descended into chaos
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NewsCity Snapshot: Positive start for Cranswick on strong meat demand in supermarkets
Meat producer Cranswick has continued to benefit from strong demand in supermarkets over the summer, as well as the beginnings of a recovery for food-to-go and foodservice sales as Covid-19 restrictions eased further.
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NewsInc Retail picks up major stake in Gut Instinct
The plant-based products maker has sold a 42% stake to Inc Retail
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NewsCheeky Panda lines up £300m IPO and eyes major player status
CEO Chris Forbes said he expected Cheeky Panda to grow large enough to compete with the biggest players in the household paper category
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NewsUnilever and Fever-Tree feel weight of mounting costs
Unilever on Thursday warned mounting costs would leave full-year margins flat even as it outstripped City expectations
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NewsCity snapshot: Premier Foods forecasts profits at top end of expectations after ‘encouraging’ start to year
Premier Foods’ first quarter sales were at the ’top end of expectations’ despite falling back 13.2% year-on-year
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NewsMedia Bites 23 July: Pingdemic, Morrisons, Unilever
Supermarket depot workers and food manufacturers will be exempt from quarantine rules as the government tries to prevent food supply problems
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NewsEmber to ramp up campaign against factory farming as it hits £800k crowdfunding target
Founded three years ago by brothers Harry and Jack Mayhew, the business has currently raised £945,000 from 244 investors, including ASOS CEO Nick Beighton, with the Seedrs round closing next week.
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NewsCity snapshot: Unilever warns over rising costs despite strong growth
Unilever has posted stronger than expected second quarter underlying sales growth of 5%, but warned mounting cost inflation will hit margin growth
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NewsMedia Bites 22 July: Pingdemic, M&S, BrewDog, Asda
Supermarkets apologised for empty shelves in stores yesterday amid warnings that the “pingdemic” was putting a strain on supply chains.
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NewsCoca-Cola ups guidance on strong second quarter rebound
Soft drinks giant Coca-Cola has upped its full year guidance as sales roared back in its second quarter as coronavirus restrictions have eased across the globe
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NewsMomentum gathers at Vimto owner Nichols as lockdown ends
Vimto maker Nichols is seeing good momentum returning to its out-of-home business thanks to the easing of lockdown restrictions, hot weather and demand driven by England’s performance at the delayed Euro 2020.
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NewsStruggling Typhoo Tea ‘secures major investment’ in private equity deal
Private equity investor Zetland Capital has taken a majority stake in Typhoo Tea as the brand battles to turn around years of losses and the structural downturn of the black tea market
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NewsWilton London passes £400k funding target
Wilton plans to use the funds to support new product and team development as well as acquisition marketing to bolster its e-commerce offering
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NewsMedia Bites 21 July: Morrisons, Fever-Tree, Grocery market share
US private equity firm Clayton Dubilier & Rice is working on another bid for Morrisons in a sign that the battle to buy the supermarket chain is far from over
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NewsFreshways and Medina Dairy complete long-awaited merger
The combined business will be called Medina Freshways, with the deal expected to be completed by the end of the year
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NewsCity Snapshot: Vimto maker Nichols returns to sales and profits growth as Covid restrictions end
Revenues and profits have returned to strong growth at soft drinks supplier Nichols thanks to the easing of lockdown restrictions and continued demand for the Vimto brand. Plus, Bakkavor reports ready meals and other prepared foods back at pre-pandemic levels.
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NewsParsley Box boss Kevin Dorren confident in long-term growth of DTC model
Parsley Box CEO Kevin Dorren told The Grocer he is confident about the long-term viability of the DTC model in the face of investor scepticism.
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NewsJTF Mega Discount Warehouse collapses with 500 job losses
The variety discounter had 12 stores in the midlands and north of England