All Finance articles – Page 7
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NewsMedia Bites 17 Dec: Brexit, UK economy, Retail footfall
Boris Johnson will redraw his Brexit bill this week to make it illegal for parliament to extend the transition period — a move that puts a ‘no deal’ Brexit back on the table.
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Yoplait UK falls to loss amid sales slowdown and China arm sale
Yoplait UK slumped to a £55m pre-tax loss last year as the yogurt brand was hit by declining sales and a write down on the sale of Chinese arm.
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M&S poaches Sainsbury’s Chris Marrow to help overhaul supply chain
Marrow will join M&S in spring 2020 after 14 years as Sainsbury’s logistics director
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Asda triggers search for new finance chief as IPO plans ramp up
Asda has reportedly engaged a corporate headhunter to find a new finance chief to spearhead a float of the Walmart-owned supermarket chain.
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Media Bites 16 Dec: Retail footfall, General election, Iceland
The number of visitors to Britain’s high streets over the past six weeks is ‘significantly’ down on last year, raising fears of a disaster for some of Britain’s struggling shops.
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Gressingham hit by 88% profits decline
Duck specialist Gressingham experienced an 88% collapse in profitability after production issues hit its vital Christmas trade last year.
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Foreign lobbyists optimistic after election result
International food groups believe the chances of open UK markets have just increased
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Food and drink to continue facing uncertainty
Boris johnson had to ’really honest’ about the challenge in negotiating post-Brexit trade deals, warned Welsh environment minister Lesley Griffths
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Tory victory: food and drink industry reacts to general election result
Key industry observers have been sharing their initial reactions to the result and offering predictions for the weeks and months ahead
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General election: analysts react as supermarkets and UK consumer stocks are bolstered by decisive result
Analysts and City commentators on the implications of Boris Johnson’s landslide victory and what the result means for consumer stocks, the pound and UK plc
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Food and drink attention turns to new Brexit deadline as Conservatives sweep to victory
Industry demands end to uncertainty and smooth Brexit after Tories secure overall majority
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City snapshot: Pound surges as Conservative Party wins general election
The pound rose over 3% as the Conservative party secured a landslide victory in the election
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Media Bites 13 Dec: General Election, Sainsbury’s Bank, Ocado
Business cheers a conservative victory, Sainsbury’s receives offer for its £1.9bn mortgage book and Ocado promises “bigger and better” range under M&S
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Bread Holdings reports double-digit sales rise amid sale rumours
The artisanal bakery saw revenues soar 14% to £100.8m amid reports it could be heading for the auction block
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Graze plunges into the red as acquisition costs bite
The UK-based healthy snacking company posted pre-tax losses of £1.2m in the year of its sale to Unilever
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Babease blew through £11m of shareholder cash before collapse
Losses had spiralled to a combined £2.8m on the back of turnover of just £1.4m in the first nine months of 2019
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Fruit & veg wholesaler The Italian Fruit falls into administration
The company is currently seeking a buyer, but it remains unclear whether a deal will be struck
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Ocado Retail grows fourth quarter sales by 10.8%
Ocado Retail, the joint UK grocery venture between Ocado and Marks & Spencer, has posted growth of 10.8% in the fourth quarter driven by a double-digit jump in order volumes.
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Media Bites 12 Dec: Deliveroo, Majestic Wine, Marks & Spencer
Amazon’s estimated $500m investment in the food delivery company Deliveroo may be blocked after the competition watchdog threatened to launch a full-scale investigation.
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Seedrs to relaunch accelerator programme after initial brands’ success
With the first three businesses to complete their campaigns achieving 100% funding, Seedrs described the programme as an “amazing success”
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