All Finance articles – Page 269
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NewsThe Magic Bean Co to create 4,000 jobs under major expansion drive
Starbucks franchise group The Magic Bean Co has outlined ambitious expansion plans to open hundreds of new stores and create 4,000 jobs after securing a £10m bank support package.
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NewsCity Snapshot: Belerion ends £2bn THG pursuit
Belerion Capital has announced it has ended its £2bn pursuit of THG, with the online retail giant confirming it has rejected all recent approaches from potential suitors.
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NewsMedia Bites 16 June: WH Smith, THG, Sainsbury’s, food inflation, Unilever, Boots
The papers cover the latest trading update from WH Smith, alongside news of more food price rises to come and Sainsbury’s upping the price war against Aldi and Lidl.
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NewsBloody Drinks hits crowdfunding goal to support retail listings
The campaign on the Seedrs platform is currently overfunding and, at the time of publishing, has raised £265k from almost 200 backers.
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NewsAKT smashes £600k crowdfunding round to scale natural deodorant brand
The campaign on Seedrs values the London-based business at £5m, with 450 investors pledging £800k since the round went live on Monday.
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NewsMedia Bites 15 June: Sterling, Ocado, Pret a Manger
The pound slumped to its lowest level against the dollar since the pandemic hit as traders braced for an aggressive interest-rate hike in the US
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NewsCity Snapshot: WH Smith optimistic as travel recovery lifts sales above pre-pandemic levels for first time
Group revenues in the 15 weeks to 11 June were 7% ahead of 2019 levels thanks to “a particularly strong” performance from travel.
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NewsShoppers forced to start saving now to afford Christmas amid soaring living costs
Consumers are having to make “impossible choices” as living costs increase Shoppers are facing “impossible choices” as the cost of living crisis is forcing households with children to start saving now in order to afford Christmas. Nearly half of shoppers with children at home claimed they were ...
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NewsCity snapshot: Inflation to drive double-digit grocery growth by 2027
The UK grocery market is set for double-digit growth over the next five years, largely driven by inflation.
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NewsMedia Bites 14 June: Petrol prices, Tesco/Lidl, National Food Strategy
The UK competition watchdog will open an investigation into competition in the retail fuel market amid soaring petrol prices.
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NewsSupreme acquires vaping manufacturer Liberty Flights in deal worth estimated £12m
Liberty Flights was founded in 2010 and specialises in premium e-liquid and vaping devices
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NewsMike Brehme to take helm of Typhoo Tea as CEO Des Kingsley departs
Kingsley will depart in October, “to enjoy more time with his family, complete renovations in his Irish home and realise his dream to travel across the States”
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NewsMedia Bites 13 June: Morrisons, Government food strategy, Tesco
The private equity owners of Morrisons are sounding out buyers for a portfolio of its warehouses, fisheries and food manufacturing plants that is expected to fetch more than £600m
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NewsCity Snapshot: Distil sinks to a loss as Covid sales fall away
Premium spirits group Distil has fallen to a loss as revenues returned to more normal levels following a lockdown surge.
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NewsFood & drink reformulation and drive to cut sugar boosts Tate & Lyle
The sweetener and sucralose supplier posted double-digit sales and profit growth from continuing operations after shedding its US industrial starches business last year
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NewsNielsenIQ snaps up data consultancy CGA to bring together on and off-trade insight
Based in Chicago in the US and Manchester in the UK, CGA specialises in the out-of-home food and drinks market, working with some the world’s biggest consumer brands, including drinks manufacturers, suppliers and wholesalers, as well as pubs, bars and restaurants.
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NewsGenius to target gut health after takeover
Genius has sought to reposition itself in the functional bread market in a bid to restart growth, tapping into growing consumer interest in gut health.
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NewsThorntons losses under Ferrero hit £190m as closure of retail stores hits sales
Pre-tax losses totalled £26.7m in the 12 months ended 31 August 2021 – a 29% improvement on the prior year’s £37.7m – as overheads associated with the retail operations were erased.
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NewsCity snapshot: Palm oil producer MP Evans reports 51% spike in prices in 2022
Palm oil producer MP Evans has seen its mill gate prices jump 51% in 2022 amid supply constraints and commodity inflation, while palm kernals are up 85%.
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NewsMedia Bites 10 June: Boots, GCA, Morrisons, Poundland, petrol prices
A potential £5.5bn agreement to buy Boots by PE firm Apollo and one of India’s richest men fills the papers this morning.