All The Grocer articles in 17 December 2022 – Page 12
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City Snapshot: Price hikes boost Cranswick sales but profits slip on cost recovery delays
Meat and poultry specialist Cranswick has posted a double-digit rise in first half sales on strong pricing, but profits were dented by the lag in recovering soaring inflation
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Media Bites 22 November: CBI conference, eggs, food production, fuel, Waitrose, Compass Group
The papers cover the speeches of John Lewis boss Sharon White and PM Rishi Sunak at the annual Confederation of British Industry conference.
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Sainsbury’s rolls out in-app payment feature to SmartShop
Payments made through the SmartShop app receive a digital proof of purchase which can be “shared with a Sainsbury’s colleague in store as needed”
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CBD One raises crowd cash to bolster food and drink presence
Wellness brand CBD One has hit a £225k crowdfunding target as it expands its presence in the food and drink market.
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Business rates revaluation: retailers ‘the biggest winners’
In some areas, including Oxford Street in London, shops’ rateable values have fallen by as much as 30%, said Colliers head of business rates John Webber
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Mister Free’d secures funding as it lands B Corp certification
Gluten-free snack maker Mister Free’d has landed a six-figure funding package and secured B Corp certification.
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Real Good Food secures £2.5m to support turnaround
Embattled Real Good Food has secured additional funding to support its ongoing turnaround efforts. Investors greeted the news positively, sending shares soaring 62% to 1.7p today.
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Iceland founder Malcolm Walker rebuffs takeover suitors
Opportunistic investors are reported to have bought the supermarket’s debt for as little as 67p in the pound earlier this year, in a strategy that can prelude a debt-for-equity swap and takeover if borrowing becomes unaffordable
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Nestlé wraps Quality Street chocolates in different colours due to foil shortage
The Green Triangle has been wrapped in gold packaging, while Orange Crunch has been packaged in dark bronze foil in a limited run of cartons, tubs and pouches
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Home Bargains director Joe Morris steps down
Joe Morris served as the retailer’s operations director for 20 years before becoming its director of innovation early in 2021
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City snapshot: Compass Group accelerates ahead of pre-pandemic trading
Profits have soared at catering giant Compass as annual revenues surpassed pre-Covid levels and the business completed its recovery from the pandemic. Plus, Real Good Food secures new funding to supoort turnaround; and
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Superdrug launches third-party marketplace with 300 brands
The new markeplace doubles the number of products available on Superdrug.com from today
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Media Bites 21 Nov: Iceland, Lottery, UK Retail sales
The founder of Iceland has reasserted his intention to retain control of the frozen foods retailer after rebuffing takeover interest from several suitors since the onset of the pandemic
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Iceland launches Christmas ad featuring Noddy Holder and Brian Blessed
The 30-second ad comes after a series of teasers posted on Iceland’s social media channels and website
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Lidl ‘well stocked for Christmas’ after sporadic localised summer availability issues
Lidl GB chief Ryan McDonnell acknowledged there had been sporadic localised issues throughout the summer but said it was ‘well stocked’ for the festive season
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Cheeky Panda returns to crowd to boost rapid growth
Cheeky Panda is set to launch a new funding round to continue rapid growth and grab a larger share of the personal care market.
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Farmison guarantees availability of turkey for Christmas season
Farmison has guaranteed Christmas turkey availability as the premium online butcher kicked off a £2m crowdfunding campaign.
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City snapshot: Parsley Box sets out delisting timetable to leave AIM
Embattled DTC group Parsley Box has set out a timetable for cancelling its listing on London’s junior exchange. Plus, consumer confidence edges up in November and October’s UK retail sales rebound.
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Media Bites 18 November: Autumn Statement, Lidl, avian flu
The front pages are dominated by reaction to the Autumn Statement.
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City News: Premier Foods shares decline despite' highly creditable performance'
Premier Foods boosted sales in the first half as households turned once more to home cooking in a bid to cut costs as food prices soared to 45-year highs.