All Finance articles – Page 275
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NewsAsda appoints John Fallon as new CFO ahead of Issa brothers takeover
Fallon will replace Rob McWilliam who is returning to a portfolio career
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NewsCity snapshot: Ocado invests in AI firm Oxbotica to develop vehicle fleet
Ocado has announced a partnership, including a £10m investment, with Oxford based autonomous vehicle software company Oxbotica to develop a range of vehicles
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NewsMedia Bites 16 April: Deliveroo, Naked Wines, THG
The boss of Deliveroo has conceded that the company will have to work hard to prove itself to the stock market after the slump in its shares
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NewsDiageo expands RTD portfolio with Loyal 9 deal
Launched in 2018 in Rhode Island, Loyal 9’s vodka-based RTD canned cocktails are produced with 100% real fruit and use a lemonade base.
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NewsEast London Liquor Co in £750k crowd push as it looks to expand in supermarkets
The London-based distiller, which already has supermarket listings with Waitrose, Tesco and Co-op, aims to expand off-channel exposure for its range of spirits, ready-to-drink canned cocktails and hard seltzers.
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NewsCity snapshot: Deliveroo orders soar in first quarter ahead of 2021 slowdown
Newly listed Deliveroo has posted a 130% jump in first quarter turnover, but the delivery giant pointed to dramatic slowdown for the rest of the year. Plus Naked Wines’ sales soar on US growth and THG posts £482m loss despite strong growth.
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NewsMedia Bites 15 April: Tesco, Asda, Deliveroo, pubs
The first annual results delivered by new CEO Ken Murphy gets blanket coverage in the papers this morning.
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Analysis & FeaturesWhat does the reopening mean for food and drink stocks?
With the FTSE250 at pre-Covid levels, and the FTSE350 actually trading higher, we look at how grocery, retail, leisure and food to go stocks have fared
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NewsWild Nutrition supplements bags investment from Piper
Founded in 2013 by husband-and-wife team Henrietta and Charlie Norton, the business’ supplements are ethically and sustainably formulated by an in-house team using fully traceable ingredients.
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NewsKen Murphy: Tesco in ‘no hurry’ to end social distancing
Tesco predicted it would face at least another £200m of pandemic costs in the current financial year
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NewsDeliveroo riders miss IPO bonus because of ‘technical error’
Riders have shared their frustration at the error, and lack of communication from the company
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NewsMedia Bites 14 April: Sainsbury’s, Just Eat Takeaway, John Lewis
A billionaire Czech investor has launched a raid on Sainsbury’s sparking speculation it could be targeted in a deal to take it private
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NewsCity snapshot: Tesco profits sink by 28% as Covid costs bite
Profits at Tesco have plunged by more than £700m despite sales rocketing as the supermarket incurred Covid-related costs of almost £900m. Plus, Tesco appoints the CEO of Kingfisher and a former Sainsbury’s chief digital and marketing officer to its board.
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NewsCity snapshot: Home-focused goods growth help retail sales recover in March
Retail sales continued to recover in March, though this recovery was centred on specific ‘home centric’ categories as most sectors remain in significant decline
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NewsMedia Bites 13 April: Lockdown, rapid grocery delivery, Cake Box
The main focus in the papers this morning is the reopening of non-essential shops, beer gardens, hairdressers and gyms as lockdown begins to ease.
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NewsMedia Bites 12 April: Asda, Online grocery, Retail reopening
Senior staff are preparing to stage an exodus at Asda after receiving final payouts from a Walmart share scheme
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NewsCity snapshot: Record year for Cake Box despite Covid disruption
Cake retailer Cake Box is set to report a record year despite the challenges of ongoing lockdowns throughout 2020 and 2021. Plus, drinks ingredients group Treatt updates the market on first-half trading and Russian food retailer X5 acquires a dark kitchen operator.
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NewsBuckfast warns of slowdown despite sales passing £50m
Newly filed accounts for Buckfast distributor J Chandler & Co said momentum had slowed in 2020/21
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NewsHilton Food Group comes out on top with pandemic sales soaring
The multi-protein group reported a 53% surge in annual revenues off the back of the shift to home cooking during the pandemic
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Comment & OpinionDeliveroo share price rise shows investors aren’t bothered about gig economy workers
While CEO Will Shu and early investors have made hundreds of millions (despite the IPO flop), a damning report last month found many workers are paid less than the minimum wage