All Finance articles – Page 391
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NewsMedia Bites 9 July: Retail sales, Imperial Brands, Heck
Retailers have suffered the “worst June on record” with total sales down 1.3% year-on-year in June
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NewsUK retail sales suffer ‘worst June on record’ as summer fails to shine
UK retail sales fell 1.3% as bad weather and Brexit uncertainty halted consumer spending.
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NewsJealous Sweets targets growth after shift to fmcg market and funding boost
Vegan gummy bear maker Jealous Sweets is targeting £4m turnover next year after securing working capital from Lloyds Bank helped to boost sales and international expansion.
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NewsBang Curry raises six-figure sum to drive team expansion and volume growth
The scratch-cooking curry mix maker will use the funds to expand its workforce and boost volume sales.
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NewsCity snapshot: Imperial Brands changes dividend policy and launches £200m share buyback
Imperial Brands has today moved away from its double-digit dividend payment to shareholders in favour of merely a “progressive” dividend policy and announced the commencement of a £200m share buyback scheme. Plus, new CFO for troubled Steinhoff Group and all the rest of the latest news from the City.
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NewsMedia Bites 8 July: Tesco, Premier Foods, Sainsbury’s/Asda
Tesco is to open 750 convenience stores in Thailand over the next three years in its first major overseas expansion under chief executive Dave Lewis.
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NewsOrganic growth makes return to the world’s largest fmcg players
The world’s largest fmcg companies have rediscovered organic growth as measures taken to address competitors, customers and shifting consumer tastes have begun to bear fruit.
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Analysis & FeaturesWeather turns against Coupe as Sainsbury’s struggles for growth
With the collapse of its Asda merger, a plunging share price and an investor revolt over pay, Sainsbury’s boss Mike Coupe could have done without the weather depressing first-quarter general merchandise sales, too.
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NewsSupermarket prices flat but signs of return to inflation
Supermarket prices have stayed flat year on year, but there are signs food price inflation could be creeping back into the market after close to a year of stagnant prices.
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NewsBettys & Taylors sees profits fall despite sales hike
Yorkshire Tea maker Bettys & Taylors reported a drop in profits despite strong sales growth as rising commodity costs and exchange rate volatility hit the bottom line.
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Comment & OpinionDeliveroo and Just Eat may find the arm’s length approach a curse
It’s been an uncomfortable few days for food delivery unicorns Deliveroo, Just Eat and Uber Eats
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NewsCompany Shop profits surge amid national footprint expansion
Company Shop posted a double-digit profits growth last year as the food surplus distributor benefited from the opening of its flagship store in St Helens.
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NewsWarburtons posts loss as slump in traditional bread hits
Bakery giant Warburtons swung to an eight-figure annual loss as it soaked up significant restructuring costs from the continued slump of the traditional bread market.
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NewsCity snapshot: Supermarket prices flat but only Asda remains in deflation
Supermarket prices have stayed flat year on year, but there are signs food price inflation could be creeping back into the market after close to a year of stagnant prices. Plus all the rest of the latest news from the City.
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NewsMedia Bites 5 July: Amazon/Deliveroo, Sainsbury’s, ABF
The CMA is mulling whether to investigate Amazon’s investment in food delivery firm Deliveroo’s latest fundraising
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NewsFroneri enters Israeli market with Noga Ice Cream acquisition
Froneri has agreed to acquired Nestlé business Noga Ice Creams, launching into the Israeli market for the first time.
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NewsAsda to launch 30-minute grocery delivery with Just Eat
The new service will offer 100 “essential lines” within half an hour
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NewsGrocery and Primark drive nine-month growth for ABF
Associated British Foods has seen a 3% increase in constant currency revenues from continuing businesses across its first three quarters thanks to growth in grocery, Primark and a third quarter improvement in its sugar division.
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NewsMedia Bites 4 July: Asda, Sainsbury’s, Brexit
A stock market flotation of Asda by Walmart, its American parent, is “two or three years away”, according to Roger Burnley, the British retailer’s chief executive.
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NewsRosemary Water brand raises over £1m to support exports and product launches
The company is targeting expansion in intenational markets to branch away from the struggling UK high street.