All Finance articles – Page 8
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NewsMedia Bites: Salad shortage, Deliveroo, Supreme IPO
Spanish snow storm could lead to UK salad shortage and Deliveroo raises cash as it prepares for a stock market listing
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White Rabbit targets £300k from crowd to back range increase
The crowdfunding push, which follows a surge in demand during Veganuary, is set to go live on the Seedrs platform on 20 January
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City unconvinced by Tesco’s Christmas numbers as Booker struggles
The UK’s largest supermarket group announced like-for-like sales growth of 6.7% for the 13 weeks to 28 November 2020
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Supermarket prices rise as Covid and Brexit reignite inflation
Supermarket price inflation escalated to its highest level for five months in December as coronavirus restrictions and the UK’s imminent exit from the EU reversed deflationary trends in grocery.
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Tyrrells and Popchips acquisitions boost top line at KP Snacks
The addition of Tyrrells and Popchips to KP Snacks’ portfolio of brands has helped boost sales by more than 25%
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Hain Celestial sells Orchard House juice business to private equity firm Elaghmore
Hain Celestial has sold its Orchard House own label juice business to private equity firm Elaghmore as it continues to simplify its European portfolio.
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Midcounties Co-op reports spike in Christmas sales as it boosts local sourcing
The sales of the retailer’s enhanced seasonal range rose by 60% on a like-for-like basis
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Analysis & Features
What are the tariffs causing disruption to UK products?
Businesses are grappling to maintain ‘continuity of supply’ to Ireland as exports are hit with new tariffs. What can be done?
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City snapshot: Supermarket prices return to inflation amid new lockdowns and Brexit
Supermarket price inflation escalated to its highest level for five months in December as coronavirus restrictions and the UK’s imminent exit from the EU reversed deflationary trends in grocery.
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Media Bites 15 Jan: Tesco, ABF/Primark, Scottish seafood
A boom in online grocery shopping delivered £1bn of extra sales for Tesco over the holiday period as the supermarket group toasted a record Christmas
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Barilla snaps up DTC Pasta Evangelists
Italian food giant Barilla has snapped up direct-to-consumer business Pasta Evangelists to tap into booming e-commerce demand in the UK during the coronavirus pandemic.
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City Snapshot: Tesco posts Christmas sales growth of 8.1% as Covid costs mount
Tesco has reported a “strong” sales performance in its third quarter and Christmas period, although new coronavirus restrictions have added a further £85m to existing Covid costs. Plus, trading updates from ABF, Bakkavor, Hilton Food Group, Finsbury Food Group and Science in Sport
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Media Bites 14 January: Brexit, Lidl, Just Eat, Unilever
The UK government is proposing to fast-track empty supermarket food lorries returning to Europe to restock, as concerns mount in Whitehall that post-Brexit port disruption threatened supermarket supply shortages.
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Fast grocery delivery app Weezy plots expansion after $20m fundraise
UK-based fast grocery delivery app Weezy is planning to roll out its services across London and further afield after raising $20m (£14.7m) in growth funds.
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Booths reports strong Christmas with like-for-like sales up 12%
There were strong sales of smaller turkey lines, up 23%, while turkey crown sales rose 38%
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Record year for food and drink on Seedrs
During the year, 58 food and drink campaigns hit their Seedrs funding targets, a 29% increase on 2019, raising £45m, which represented a 121% rise on the prior period.
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Media Bites 13 Jan: Northern Ireland food supplies, The Hut Group, Carrefour
The UK’s major supermarkets have warned the government that an ‘urgent intervention’ is needed to prevent further disruption to NI food supplies
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City snapshot: Pink fizz and festive jumpers drive record Christmas at Lidl
Lidl increased overall sales 17.9% in the four weeks to 27 December compared to Christmas 2019 to outperform its big four rivals and Aldi. Plus, Just Eat sees orders surge again in fourth quarter as new lockdowns benefit the takeaway delivery app.
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Valeo Foods adds to snacking empire with Schluckwerder acquisition
Valeo Foods has bolstered its confectionery business with the acquisition of German marzipan and chocolate producer Schluckwerder
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City snapshot: Nichols annual sales drop 19% as out of home revenues slump
Vimto producer Nichols has reported a 19.3% drop in 2020 revenues as the coronavirus outbreak decimated out of home sales. Plus trading updates from The Hut Group, British Honey Co and Carr’s, while B&M founders sell £218m of shares and all the rest of the latest news from the City.
