All Finance articles – Page 64
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News
Media Bites 22 July: CrowdStrike, Prime, John Lewis, Ocado
A packed weekend in the papers is led by the IT outages hitting systems around the globe on Friday
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City News: Rollercoaster week as Ocado shares rebound on earnings upgrade
It’s been another rollercoaster week in the life of Ocado, as the under-fire online supermarket suffered a share price plunge on Monday on a broker downgrade – only to bounce straight back the next day on an earnings upgrade
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Tate & Lyle profits surge after weak sugar beet harvests
Tate & Lyle Sugars enjoyed a huge jump in sales and profits last year as the cane sugar refiner benefited from weak European sugar beet harvests.
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City snapshot: Retail sales slide in June amid poor weather
UK retail sales volumes fell back in June, according to official figures, to take industry sales into decline for the second quarter
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Media Bites 19 July: Pret a Manger, business rates, loyalty cards
Pret a Manger is axing its subscription offering members “free drinks”, almost four years after the deal launched in the UK
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City snapshot: Premier Foods first quarter sales rise on branded volume growth
Premier Foods has posted a 5.3% rise in first quarter sales, boosted by volume growth and market share gains across its branded portfolio
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Media Bites 18 July: Amazon, Pernod Ricard, Meatly
A bid to force Amazon to recognise a union for the first time in the UK has failed
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Comment & Opinion
Pernod Ricard’s wine disposal will diminish its UK presence
Selling the likes of Jacob’s Creek and Campo Viejo makes sense, but it will make Pernod Ricard much less of a UK powerhouse
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CapVest closing in on Butcher’s Pet Care buyout
The Grocer has learned that CapVest is the last remaining party in the long-running auction being conducted for the petfood maker by investment bank Houlihan Lokey
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Pets Choice expands premium range with acquisition of plant-based petcare brand Hownd
Hownd offers a range of plant-based wet and dry dogfood, wellness treats and cruelty-free certified petcare products, such as shampoo and ear cleaner
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Coca-Cola HBC agrees $130m loan for Egyptian projects
The loan from the European Bank of Reconstruction & Development will further the London-listed group’s investment in people development and sustainable business practices in Egypt
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GrowUp Farms bags £38m investment to meet demand for vertically farmed salads
The cash will help GrowUp expand capacity at its vertical farm in Kent, support the Unbeleafable and Fresh Leaf Co brands, and drive R&D at the Leaf Lab site in Cambridge
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Regal Foods expands desserts offering with Love Cheesecakes deal
Regal Food Products has bolstered its chilled desserts offering with the acquisition of artisan cheesecake maker Love Cheesecakes
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Media Bites 17 July: Ocado, grocery market share, B&M
Ocado is still committed to its London listing even after it was relegated from the FTSE 100 earlier this year, its boss has said
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City snapshot: Pernod Ricard offloads international wine brands to Accolade Wines owner
Pernod Ricard has agreed to sell its portfolio of international wine brands to the owner of Accolade Wines. Plus, food and drink inflation falls again and Meatly receives regulatory clearance to sell cultivated meat for pet food in the UK
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Better Nature appoints co-CEOs to lead next stage of growth
Tempeh startup Better Nature has changed its management structure with co-founder Elin Roberts stepping up as co-CEO
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Botivo raises £900k to scale 0% botanical drink
Non-alcoholic aperitivo startup Botivo has closed a six-figure funding round to support UK and international expansion
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City snapshot: Global shift to online grocery resumes as Ocado cuts losses
Online grocer Ocado has almost halved its first-half losses amid a double-digit increase in revenues as the ‘global channel shift to online has now resumed’
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Media Bites 16 July: Ocado, Brexit
Investors in Ocado suffered fresh losses as City analysts questioned whether the online grocer should remain a listed company
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Media Bites 15 July: Unilever, Tesco, Hotel Chocolat
Unilever is planning to cut up to 3,200 office jobs in Europe as its new chief executive presses ahead with drastic restructuring