All Finance articles – Page 7
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NewsRoyal Challengers Bengaluru sale reports ‘speculative in nature’, Diageo insists
Diageo’s Indian unit insisted it was ‘not pursuing any such discussions’
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NewsMedia Bites 10 June: consumer spending, spending review nerves, e-cig flop
Today’s food and drink headlines are dominated by the doom and gloom of new figures showing families are cutting back on spending in the shops in their droves
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NewsBrits put brakes on spending as retail growth slows
Food was the main driver of growth, supported by a run of bank holidays and seasonal events including football tournaments
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NewsMash Direct back in the black after ‘reset with purpose’
Mash Direct grew sales to just under £24m in the 10-month period to 31 December 2024, according to its latest accounts
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NewsHarrods appoints new CFO as turnaround continues
The new CFO replaces Tim Parker, who left Harrods in May
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NewsPopeyes UK secures £43m finance facilities to support growth plans
Popeyes plans to open 45 new restaurants this year and expects to create around 2,500 jobs
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NewsCaffeinated candy startup Ruly raises £500k for UK retail rollout
Each 42g pack of Ruly sweets contains 80mg of caffeine, alongside guarana and B vitamins
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NewsPoundland eyeing rent cuts in bid to save costs, says report
Poundland last drove through big rent changes during the pandemic, when it cut rent on hundreds of properties by more than a third
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NewsMedia Bites 9 June: Poundland rent cuts, M&S spending, Waitrose perks
The weekend saw Poundland bosses plotting rent cuts for survival and the John Lewis Partnership slashing spending perks
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Comment & OpinionNestlé and Unilever are kickstarting a tough new strategic era
Fmcg CEOs are learning to better pick their battles and prioritise finite resources, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsBasket crowdfunding £2m to roll out AI shopping assistant
Basket’s investors so far include the founders of BrewDog and Groupon
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NewsPret a Manger owner explores new investors before possible IPO
Advisors are said to be looking into a number of options before a potential listing
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NewsSpirits prices will have to go up if downturn proves structural, says Brown-Forman CEO
Lawson Whiting said GLP-1 drugs, cannabis use in the US and Gen Z drinking less were dragging on sales
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NewsMedia Bites 6 June: Trump vs Musk, Pret a Manger IPO, P&G jobs
A rift between US president Donald Trump and Tesla boss Elon Musk is shaking up markets this morning
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NewsBrown-Forman forecasts sales and profit declines citing tariffs
Brown-Forman is less exposed to tariffs than other booze suppliers as it has a large US production presence
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NewsB&M’s share price down 16% after recognition of poor performance
The retailer’s difficulties have caused its share price to halve since the end of 2023
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NewsCost price increase requests being rejected by supermarkets
A poll of more than 50 food and drink suppliers shows more than 90% have looked to pass on increased costs averaging 1-6% this year
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NewsFever-Tree’s US expansion undeterred by Trump’s tariffs
Fever-Tree sold an 8.5% stake to Molson Coors in January as part of a strategic partnership to expand across the US
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NewsPladis enters Uzbekistan markets as it aims for central Asia expansion
Pladis is planning to take its Ülker brand to new heights
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NewsNorthern Monk surge continues but cash remains tight
The company said that, as is common with growth-stage businesses, it is not yet profitable and is funded by private equity