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All Finance articles – Page 28
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NewsGusbourne falls back on DTC as wine sales stutter
Direct sales now make up a third of the English wine maker’s revenue
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NewsGreencore delivers positive Q1 but warns of ‘unprecedented’ labour cost challenges
Sandwich maker Greencore has reaffirmed its full-year guidance following a ‘strong’ first quarter with volumes growing ahead of the market
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NewsCity snapshot: Fever-Tree shares up 16% after Molson Coors buys stake
Molson Coors is buying a 8.5% stake in Fever-Tree for £71m as part of a long term partnership in the US, Liberation Labs closes a $50.5m fundraise, and retail crime hits all time high.
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NewsMolson Coors buys 8.5% stake in Fever-Tree as part of US tie-up
Fever-Tree co-founder and CEO Tim Warrillow called it a ‘transformational step’
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Comment & OpinionWhy Tesco’s ‘biggest ever Christmas’ didn’t prevent it from cutting jobs
Just 21 days have passed since Tesco said sales were up 4% over Christmas – but today’s job cuts meant that success was short-lived
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NewsDiageo sells Cacique rum to La Martiniquaise
It’s the second brand sold by Diageo in six months
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NewsCMA launches investigation into sale of The Famous Grouse
The blended whisky is the fourth-biggest spirits brand in the UK off-trade
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NewsCalls for EU closeness as government gears up for new trade strategy
The EU has also alluded to the possibility of having Britain join its tariff-free area, the Pan-Euro-Mediterranean Convention
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NewsCity snapshot: WH Smith high-street sales slides but Morrisons is on the up
WH Smith’s high-street stores saw sales fall 6% as the company gears up for a potential sell-off. Morrisons delivered its strongest quarter for almost four years
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NewsMorrisons turnaround gathers momentum to end the year on a high
Morrisons has delivered its strongest quarter for almost four years following a year of ‘urgent reinvigoration and positive progress’
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NewsMedia Bites 29 January: Rachel Reeves speech, Diageo, WH Smith and Starbucks
Chancellor Rachel Reeves will give a speech later this morning
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NewsNaked Wines give investors first glimpse of possible turnaround
Naked has pivoted away from attracting customers through heavy discounting
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NewsVirgin Wines raises a glass to ‘highly encouraging’ Christmas
Revenues increased 6.7% year on year over the six weeks to 27 December, with sales over the month as a whole up 9% compared with December 2023. The DTC wine retailer said it was the highest level seen since the peak period during the Covid lockdowns
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NewsWH Smith high street sales down 6% ahead of potential sell-off
The retail chain has confirmed it is in talks to sell its high street business to focus exclusively on the Travel division
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NewsDiageo sells Guinness Ghana shareholding in ‘efficiency and profitability’ drive
Diageo is pursuing an ‘asset-light’ production model for Guinness in Africa
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NewsIsla Délice picks up German-halal brand Gurkan
Isla Délice also own Takul, one of the UK’s fastest-growing halal brands
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NewsDot Dot Bubble Tea wins backing on BBC’s Dragons’ Den
Dot Dot is now focused on securing listings in Waitrose, Sainsbury’s and Tesco
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NewsDeliveroo funds ‘Airbnb for bike parking’ to combat bike theft
Hudjo was started after its two co-founders had their bikes stolen while working as Deliveroo riders
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NewsMedia Bites 28 January: Amazon, WH Smith and high street decline
The papers focus on Amazon drone deliveries and a sale of WH Smith on the high street
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NewsSSP Group maintains guidance following ‘good’ start to new financial year
A recovery at SSP Group has continued to gather momentum, benefiting from strong growth in the travel industry around the world and fewer strike days on the railways in the UK