All Finance articles – Page 8
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NewsMedia 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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Amazon and Deliveroo given five days to address merger concerns by CMA
The companies must come up with legally binding proposals to address the Competition & Markets Authority’s concerns
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Costa teams with Bol to add vegan options to lunchtime menu
The brand will launch 100% plant-based products into the coffee shop chain at the beginning of January
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Analysis & Features
Tesco Thailand: analysts react to rumours of ‘jewel in the crown’ sale
City analysts have estimated the sale price at between £6bn and £9bn
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City snapshot: 2 Sisters turnaround continues with first quarter profit growth
Like for like profits jumped by 42.4% in 2 Sisters’ first quarter, driven by continued improvements in its core poultry division and improved trading in its biscuits and bakery businesses.
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Media Bites 11 Dec: Grocery market share, UK economy, Just Eat
The big four supermarkets have had their worst run into Christmas for 15 years, according to the latest market data
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Lucy’s Dressings in crowdfunding push to launch vegan and flavoured mayo range
The brand will hit Crowdcube on Monday (16 December) looking to raise a minimum of £125k
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City snapshot: Black Friday fails to boost lacklustre grocery sales
Black Friday failed to boost lacklustre sales across the grocery industry as the latest market share figures from Kantar show grocery sales growth slowing to 0.5% for the 12 weeks to 1 December. Plus, Just Eat rejects new Prosus bid, McColl’s profits below expectations, new CFO for Premier Foods and all the rest of the latest news from the City.
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Media Bites 10 Dec: Tesco, Just Eat, M&S
Tesco shares rallied on the news that the potential sale of Tesco’s multibillion-pound Asia business could lead to a bumper payout for investors.
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Cellular Agriculture turns to the crowd to scale lab-grown meat technology
The business is targeting £500k on newly-launched crowdfunding platform Koodoo
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Tesco pledges £10m to protect Brazilian soy-producing region from deforestation
Tesco’s investment will incentivise farmers to grow soy on existing agricultural land rather than burning virgin forest
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Tesco mulls Asian business sale following ‘inbound interest’
Tesco has announced it is considering a sale of its businesses in Thailand and Malaysia as part of a “review of the strategic options” for its Asian operations
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Media Bites 9 Dec: Footfall, Scottish pub trade, Eddie Stobart
November high street footfall continued on a downward trend as heavy rain dampened shoppers willingness to get to the high streets
